Hong Kong’s office leasing market faces a new low this year, with rents declining by as much as 30 per cent, as companies assess their need for space and adopt work from home arrangements because of ... ( read original story ...)
Hong Kong Financial Authority Taps ConsenSys for Cross-border CBDC Pilot Study
ConsenSys will be collaborating with the Hong Kong Monetary Authority (HKMA) to a cross-border payment network for HKMA’s central bank digital currency (CBDC) project Ethereum Developer ConsenSys ... ( read original story ...)
Hong Kong marks first day with no local Covid-19 cases since September 15, as city welfare chief says ‘imperfect’ wage scheme saved jobs
Secretary for Labour and Welfare Law Chi-kwong concedes relief effort won’t save every job, but ‘furloughs could be much worse’ without it. ( read original story ...)
HK financial system ‘resilient’ as city moves up in world ranking
Hong Kong has moved up a notch to fifth place in terms of comprehensive competitiveness among 111 financial centers in the world. ( read original story ...)
Bank of East Asia to sell insurance arm following portfolio review
HONG KONG: Bank of East Asia Ltd (BEA), which counts Guoco Company Management Ltd as a substantial shareholder, has decided to initiate a sale of its insurance business and is seeking a strategic ... ( read original story ...)
Ant launches blockchain-based cross-border trade platform ahead of $35 billion IPO
Ant Group, owner of China's ubiquitous mobile payment app Alipay, launched a blockchain-powered platform for cross-border trade settlements on Friday, as it races to launch more technology products ... ( read original story ...)
Hong Kong’s SFC Warns of ‘Pump-and-Dump’ Scams on Social Media
The SFC said the profile of financial fraud is changing as more people are being targeted online, moving away from the traditional cold call. ( read original story ...)
HSBC Loyalists Lose Faith After Stock’s $83 Billion Plunge
HSBC Holdings Plc’s tumbling stock price is testing the patience of even the bank’s most loyal investors. Choi Chen Po-sum, a former vice chair of Hong Kong’s exchange who has owned HSBC shares for ... ( read original story ...)
Hong Kong Reportedly Picks ConsenSys for Digital Currency Pilot Project
Ethereum workshop ConsenSys said it has been chosen by the Hong Kong Monetary Authority (HKMA) to assist in Hong Kong and Thailand’s cross-border central bank digital currency (CBDC) pilot. The ... ( read original story ...)
Chinese fintech Ant sidelines banks in distribution of funds targeting its IPO
As five Chinese mutual funds targeting Ant Group's hotly-anticipated IPO kicked off subscriptions on Friday, retail investors found the only non-direct channel through which to buy the products was ... ( read original story ...)
Hong Kong stocks post biggest weekly drop in 6 months on renewed virus woes
Hong Kong stocks ended lower on Friday, posting their biggest weekly drop in six months, tracking a global correction as a resurgence in coronavirus cases globally raised concerns about the pace of ... ( read original story ...)
Avoid salary freeze for low-pay workers, Hong Kong government advisers urge wage board members
Members of city leader Carrie Lam’s cabinet believe there is still time to reach a consensus on the minimum wage, before a report is submitted next month. ( read original story ...)
Feral family of boars hog limelight in Hong Kong business district with swim in Bank of China Tower pool
White-collar workers in Hong Kong’s Central business district were shocked by the sight of a family of wild boars on Thursday as they went for a swim in a pool outside a bank. Footage of the scene ... ( read original story ...)
HSBC between a rock and a hard place
Businesses that have become political shuttlecocks are not worthwhile investments. Unpredictable policy shifts set share prices rather than strategy or economics. ( read original story ...)