Fuzhou-headquartered Industrial Bank Co., Ltd, one of China's largest banking groups, has selected Avaloq to provide a comprehensive front-to-back banking solution for its Hong Kong Branch private ban... ( read original story ...)
Industrial Bank Co., Ltd creates new Hong Kong Private Banking Business with Avaloq Banking Suite
Fuzhou-headquartered Industrial Bank Co., Ltd, one of China’s largest banking groups with total assets of CNY 6.09 trillion1, has selected Avaloq to provide a comprehensive front-to-back banking solut... ( read original story ...)
Hong Kong Monetary Authority intervenes in currency market for first time since May
Hong Kong’s de facto central bank said it has stepped in the foreign currency market to defend the Hong Kong dollar for the first time since May, bringing a key property loan interest rate closer to a ... ( read original story ...)
Goldman-Backed Heart Valve Startup Is Said to Mull Hong Kong IPO
Venus MedTech, a Chinese developer of heart valve replacements backed by Goldman Sachs Group Inc., is considering a Hong Kong initial public offering, people with knowledge of the matter said. Venus, ... ( read original story ...)
Logistics startup Lalamove seeks to expand in Malaysia
After raising US$100 million (around HK$780 million) in series C funding in October last year, Hong Kong logistics startup Lalamove has ventured into the Malaysia market, testing its services in Kuala ... ( read original story ...)
Hong Kong-based GSR Capital To Invest $270 Million In Blockchain Startup tZero
Hong Kong-based private equity firm GSR Capital recently announced that it will invest $270 million in a blockchain-based startup of Overstock.com (NASDAQ:OSTK) . A press release published by the Amer... ( read original story ...)
Hong Kong’s civil service replaces Google as graduates’ most ideal employer, survey finds
In Singapore, for example, the industry’s average ranking among business students fell from 15 in 2012, to 38 in 2018. But banks made gains in Hong Kong this year. Alongside JPMorgan moving from fourt... ( read original story ...)
Hong Kong Club Braces for Protests at Independence Talk
Hong Kong police said they approved three applications to stage protests outside the FCC’s clubhouse in the central business district, but denied a fourth for lack of members. One group calling itself ... ( read original story ...)
Lack of funding hounds Hong Kong startup ecosystem
The challenge in accessing funding remains a major obstacle for Hong Kong’s plan to become a hub for startups in Asia. In this regard, Singapore continues to be the most dominant market. Aside from th... ( read original story ...)
This Isn’t the Moment to Bet Against Hong Kong Property
Hong Kong’s banks are finally raising mortgage rates. This won’t stem price gains in the world’s most expensive city for real estate. Already up 14 percent this year, Hong Kong’s home prices now overs... ( read original story ...)
Flight Review: Japan Airlines 777 Business Class Sky Suites Hong Kong To Tokyo
On a recent work trip in June, I took Japan Airlines Business Class from Hong Kong to Narita International Airport at Tokyo. The short 4 hour 30 minute flight took place in the late afternoon, and Jap... ( read original story ...)
Neat is a challenger bank for early-stage startups and SMEs
They do exist. One of the newer options is Neat, which is nested in Hong Kong but open for business worldwide. The startup started off following the same track as the likes of Monzo, Starling and Revo... ( read original story ...)
How to save Hong Kong maids from loan sharks
was looking for an altruistic business opportunity when Joy Tadios-Arenas – an expert on migration and former assistant professor at City University of Hong Kong – told him about the lack of ethical o... ( read original story ...)
Access to funding is holding Hong Kong back as a start-up hub as Singapore takes the lead
Singapore holds the upper hand on Hong Kong as a place to build a business, with access to funding remaining a challenge in the latter, despite a rising number of venture capital (VC) firms targeting ... ( read original story ...)