Tag: banking

Former chief executive of Hong Kong Exchanges and Clearing Limited Charles Li announced Tuesday the launch of an investment platform to channel international capital to mainland small firms. Speaking ... ( read original story ...)

Hong Kong's securities regulator has fined UBS HK$11.55 million for regulatory breaches. The Securities and Futures Commission or SFC's investigation found that between May 2004 and May 2018, UBS ... ( read original story ...)

Veteran Hong Kong broadcaster Steve Vines has fled the Chinese territory for the UK because of a “white terror sweeping” the city that was making journalism a high-risk occupation. He announced his ... ( read original story ...)

Ronald Wan of Partners Financial Holdings says financial institutions in Hong Kong generally will be in a "sensitive position" if China imposes anti-foreign sanctions law on Hong Kong. But, he says ... ( read original story ...)

One of the direct beneficiaries of the Chinese crackdown will be the Indian startup space. Ed-tech and fintech companies that are not yet listed will gain more, says Nagda ... ( read original story ...)

Hong Kong’s government said an overhaul of risk designations for overseas travel will take effect Aug. 9, allowing residents to return from from areas deemed high-risk and opening up to vaccinated ... ( read original story ...)

The Hong Kong stock market rebounded on Monday, one session after it had halted the two-day winning streak in which it had spiked more than 1,220 points or 4 percent. The Hang Seng Index now rests ... ( read original story ...)

HSBC Holdings PLC’s net profit rose in the second quarter as the London-based lender reduced provisions for bad loans caused by the economic fallout from the coronavirus pandemic. The banking giant, ... ( read original story ...)

Seventy percent of U.S. adults have received at least one dose of a Covid-19 vaccine, a key milestone in the fight against the pandemic that comes almost a month later than President Joe Biden’s ... ( read original story ...)

Police say operations racked up most arrests, largest amount of money seized in relation to illegal gambling in 10 years. ( read original story ...)

One year after the introduction of the national security law in Hong Kong, the international financial hub has retained, if not enhanced, its global appeal with ... ( read original story ...)

Hang Seng Bank Ltd. said its net profit for the first half fell 4%, as the Covid-19 pandemic continued to weigh on the global economy. Net profit was 8.77 billion Hong Kong dollars (US$1.13 billion), ... ( read original story ...)

Biel Crystal Holdings did not disclose further details of the IPO in its filing to the city’s stock exchange on Friday, although various reports say the company is planning to raise about $2 billion. ( read original story ...)

Cloud Village Inc, the music streaming unit of NetEase, was approved by the Hong Kong Stock Exchange to go public. ( read original story ...)