HONG KONG (Reuters) - The Hong Kong Monetary Authority (HKMA) has fined Shanghai Commercial Bank Ltd HK$5 million ($636,967) and reprimanded it for breaching anti-money laundering and counter terroris... ( read original story ...)
How to Open a Bank Account in Hong Kong
Hong Kong – an international business hub and gateway to China for many foreign companies – continues to be an attractive destination among foreign investors. This is particularly true as neighboring ... ( read original story ...)
Opening a Bank Account in Hong Kong: Challenges and Tips
Hong Kong – an international business hub and gateway to China for many foreign companies –continues to be an attractive destination among foreign investors. This is particularly true as neighboring c... ( read original story ...)
Hong Kong: HANG SENG INDEX (.HSI) ended 0.8 percent lower
The Shanghai Composite Index .SSEC closed down 0.6 percent, while Hong Kong’s Hang Seng index .HSI ended 0.8 percent lower. Hopes that China and the United States could ease trade tensions helped Chin... ( read original story ...)
Cryptocurrency’s millennial mining tycoon is planning a $3-billion IPO
Bitmain Technologies Ltd., the world’s biggest producer of cryptocurrency mining chips, is planning a Hong Kong initial public offering that could raise as much as US$3 billion, people with knowledge ... ( read original story ...)
Currency pressure forces Hong Kong and Indonesia into action
Asian currencies came under renewed pressure on Wednesday forcing central banks in Indonesia and Hong Kong to take action and marking an escalation in the fallout across emerging markets from the fina... ( read original story ...)
Crypto’s Millennial Mining Tycoon Is Planning a $3 Billion IPO
Canaan Inc., a maker of crypto mining gear that’s also working on AI applications, has already filed for a Hong Kong IPO. The company will aim to raise about $1 billion, people with knowledge of the m... ( read original story ...)