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Tag: business

Posted on 20/10/2023

Alibaba, Tencent and other major Chinese backers invest US$342 million in start-up Zhipu AI as this tech sector sees increased funding

Zhipu AI's other investors included Ant Group, Meituan, Xiaomi and HongShan, the Chinese venture capital firm spun off from the former Sequioa Capital The start-up's valuation already reached US$1 ...

Posted on 20/10/2023

Hong Kong police arrest 63 people in crackdown on triad-run businesses offering illegal gambling, narcotics

Police arrest 51 suspects in raid on illegal mahjong parlour based out of 1,500 sq ft flat fitted with soundproofing materials, including two alleged venue operators Officers also arrest suspected ...

Posted on 20/10/2023

New group in Hong Kong to promote China overseas, political pundit says, after top official calls on body to tap global networks

Hong Kong China Friendship Association held inauguration event on Thursday, with director of Beijing's liaison office Zheng Yanxiong and city leader John Lee attending Think tank consultant Lau ...

Posted on 20/10/2023

UPDATE 1-Hong Kong exchange operator’s Q3 profit rises 30% on investment funds gain

Hong Kong's bourse operator on Friday reported a 30% jump in third-quarter profit, propelled mainly by higher net investment income from its managed funds while trading remained subdued due to a ...

Posted on 20/10/2023

Hong Kong Exchanges & Clearing Third-Quarter Profit Rose 30% — Update

By Sherry Qin Hong Kong Exchanges & Clearing's third-quarter net profit saw steady growth, supported by higher net investment income. The ...

Posted on 20/10/2023

Hong Kong exchange operator’s Q3 profit rises 30% on investment funds gain

HONG KONG’S bourse operator on Friday (Oct 20) reported a 30 per cent jump in third-quarter profit, propelled mainly by higher net investment income from its managed funds, while trading remained ...

Posted on 20/10/2023

The night route to Hong Kong’s post-pandemic recovery

Lifting the night economy to accelerate Hong Kong's post-pandemic recovery requires a comprehensive master plan that offers a long-term sustainable development path for the industry, according to ...

Posted on 19/10/2023

Hong Kong sticks a fork in disposable plastic products from Earth Day 2024

The city will implement a blanket ban on the sale and provision of various plastic products in 2024. Read more at straitstimes.com.

Posted on 19/10/2023

Hong Kong’s Stock Market Is Withering. China’s the Issue.

As Hong Kong’s shriveling stock market continues to shed billions in liquidity and trading volumes fall, even the bears are wondering if things have hit bottom. Until recently, the city’s exchange had ...

Posted on 19/10/2023

Hong Kong Investors Lose Faith In Crypto After JPEX Scandal: Survey

The JPEX scandal's fallout saw a 5% dip in future crypto investment interest, now standing at 20%. There has been a 12% increase in individuals preferring to steer ...

Posted on 18/10/2023

Hong Kong sticks a fork in disposable plastic products

Need a plastic fork at a Hong Kong restaurant? Come April 22, Earth Day, customers will have to start reaching for more eco-friendly cutlery, according to a bill passed Wednesday by the city's ...

Posted on 18/10/2023

Hong Kong employees get highest salary increases in Greater Bay Area this year but trend unlikely to continue over long-term

Hong Kong pay increases ranged from 3.2 to 3.8 per cent, higher than Macau at between 1.9 and 2.7 per cent, but financial hub also had high staff turnover Experts say figures are down to mainland ...

Posted on 18/10/2023

UBS Launches Digital Platform for Structured Products in Asia

UBS Global Wealth Management has gone live with a digital platform for structured products in Singapore and Hong Kong, providing customers in the two locations with access to a wide selection of ...

Posted on 18/10/2023

BC Technology denies it is selling OSL crypto exchange as stock plummets amid challenges for Hong Kong licensing

BC Technology has rejected a report that it is looking to sell OSL, one of two licensed Hong Kong crypto exchanges and the firm’s main revenue source.

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