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Tag: banking

Posted on 19/04/2021

Yuan internationalisation goal ‘is not to replace US dollar’, top China banking official insists

China’s efforts to promote its digital currency as well as the internationalisation of the yuan had caused concerns it wanted to topple the US dollar as the world’s main reserve currency. ( read original story ...)

Posted on 19/04/2021

Hong Kong’s office leasing market is becoming a tenants’ market and is on the road to recovery

At first glance, the performance of Hong Kong's office leasing market in the first quarter of this year was a continuation of the deteriorating fundamentals that have plagued the sector for the past ... ( read original story ...)

Posted on 19/04/2021

Hong Kong Bourse May Crack Resistance At 29,000 Points

The Hong Kong stock market bounced higher again on Friday, one day after it had ended the two-day winning streak in which it had ... ( read original story ...)

Posted on 19/04/2021

How documentaries portray the 2019 Hong Kong protests, with echoes of The Hunger Games and V for Vendetta

In his Academy Award-nominated short film Do Not Split, Anders Hammer set out to ‘show the atmosphere in the streets’. Joshua Bischof’s Burn With Us is 89 minutes of mayhem. Ai Weiwei’s Cockroach ... ( read original story ...)

Posted on 18/04/2021

Hong Kong – Banks Not Required To Act As Detectives Or Fraud Detectors.

There has been an increasing number of fraud cases, in particular cyber fraud cases, around the world. Some victims of fraud have sought redress from banks for failing to detect the fraud and refrain ... ( read original story ...)

Posted on 18/04/2021

Hong Kong finance minister Paul Chan says ensuring city’s economic security is a ‘war without gun smoke’

Financial Secretary Paul Chan says city needs to crackdown on money laundering and economic support of terrorism to ensure national security is not threatened. ( read original story ...)

Posted on 18/04/2021

Used electronics trading platform Aihuishou to raise up to US$1 billion in US IPO: Sources

Chinese secondhand electronics trading platform Aihuishou is aiming to raise US$500 million to US$1 billion in a US initial public ... ( read original story ...)

Posted on 18/04/2021

How a Hong Kong protester became one of the territory’s youngest exiles

I was very worried about being caught at the airport," the teenager said. “But on the flight, I finally felt safer and the most relaxed in a long time.” ... ( read original story ...)

Posted on 18/04/2021

Commissioner’s office of Chinese foreign ministry says interference with judicial proceedings in Hong Kong tramples upon rule of law, int’l law

The spokesperson said Hong Kong is governed by the rule of law, and the sentencing of anti-China disruptors is based on solid evidence and with a completely legitimate and transparent procedure. HONG ... ( read original story ...)

Posted on 18/04/2021

Integration of Asian financial markets progressing steadily: report

The integration of Asian financial markets is progressing steadily, according to a report released by the Boao Forum for Asia (BFA) Sunday. The BFA Asian Economic Outlook and Integration Progress ... ( read original story ...)

Posted on 18/04/2021

Citigroup to exit retail banking in 13 markets, including Bahrain

Citigroup will also exit its consumer franchises in Australia, China, India, Indonesia, South Korea, Malaysia, the Philippines, Poland, Russia, Taiwan, Thailand and Vietnam. ( read original story ...)

Posted on 18/04/2021

Surpassing Hong Kong and Singapore was easy. Shenzhen’s next economic miracle rests on Tencent, Huawei and its top companies

Shenzhen, the richest city in southern Guangdong province known as China's Silicon Valley, surpassed Hong Kong and Singapore over the past two years in terms of gross domestic product. By 2025, the ... ( read original story ...)

Posted on 18/04/2021

Ant denies report that it’s exploring ways for Ma to sell stake

Ant Group denied a report that the Chinese finance-technology company is exploring ways for founder Jack Ma to sell his stake and give up control as a means to ease pressure from the country’s ... ( read original story ...)

Posted on 17/04/2021

Special Report – Learning FinTech beyond Hong Kong

The technological sector associated with finance needs to advance further in Macau, but it should not be dependent on what happens in ... ( read original story ...)

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