Additional verification procedures will be necessary to transfer locked-up funds when banks roll out the optional tool next year.
Makeup Artist Mao Geping Close To Becoming A Billionaire Ahead Of Hong Kong IPO
The 60-year-old chairman of the company has amassed wealth of $830 million mostly based on a family stake in Mao Geping Cosmetics Co., according to Forbes estimates.
Hong Kong’s deficit to double to HK$100 billion, finance chief Paul Chan warns
Hong Kong’s budget deficit is expected to double to HK$100 billion this financial year, finance chief Paul Chan has said, citing a property market slump that weighed on government coffers. Chan, at a ...
HSBC plans to withdraw credit card operations in China
reported Reuters In October this year, HSBC Hong Kong became a direct participant in China's international payments system, thereby enhancing its position in trade finance as China seeks to promote ...
Cathay Pacific & HSBC Partner to Produce SAF in Hong Kong
Cathay Pacific, HSBC Hong Kong and EcoCeres join forces to support sustainable aviation fuel (SAF), driving airline decarbonisation in Hong Kong ...
Credit Agricole CIB bolsters Asia expansion from Hong Kong, undeterred by Trump trade war
French banking giant Credit Agricole CIB is committed to using Hong Kong as a base to expand its business in Asia, and those plans will not be affected by Donald Trump's plan to wage a trade war with ...
Makeup Artist Mao Geping Close To Billionaire Ahead Of Hong Kong IPO
The 60-year-old chairman of the company has amassed wealth of $830 million mostly based on a family stake in Mao Geping Cosmetics Co., according to Forbes estimates.
EY Foresees HK IPO Fundraising to Whop $120B in 2025, Likely to Return No.3 in World
Excluding MIDEA GROUP (00300.HK), which raised HKD35.67 billion, the average IPO capital raised this year was HKD758 million, up 11% YoY, but still at a relatively low position in recent years. EY was ...
Hong Kong Doubles This Year’s Deficit Forecast to $12.9 Billion
HONG KONG (Reuters) - Hong Kong is set to post a consolidated deficit of around HK$100 billion ($12.85 billion) for the fiscal year through March, more than twice originally forecast, the city's ...
Credit Agricole bolsters Asia expansion from Hong Kong, undeterred by Trump’s trade war
Bank has strong capability in yuan trading, green finance and infrastructure development, CEO Xavier Musca says French banking giant Credit Agricole CIB is committed to using Hong Kong as a base to ...
Shenzhen residents rush to secure multiple-entry visas to Hong Kong on first day
While finance chief expresses optimism over support scheme will bring to economy, others doubt any boost will happen soon.
Hong Kong think tank FSDC outlines measures to develop transition finance
Hong Kong’s Financial Services Development Council (FSDC), a government think tank, has released a report outlining recommendations on how to leverage the city’s financial muscle to develop transition ...
HK Finance Chief Expects 50% Jump in Airport Capacity by 2035
Hong Kong International Airport’s handling capacity will increase 50% by 2035, Financial Secretary Paul Chan said in his weekly blog. The city’s airport will be able to manage 120 million passengers ...
HSBC Holdings to kick off search for next chairman
Europe's biggest lender has hired headhunters to identify a successor to Mark Tucker, who will have held the role for nine years by the time he steps down in 2026, Sky News learns.