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Tag: finance

Posted on 14/03/2025

Four more former Citigroup traders sue bank for wrongful dismissal in Hong Kong in 2019

Four former Citigroup Inc. equity sales traders filed wrongful termination claims against the US bank in Hong Kong this month, after a court in the city ruled that one of their ex-colleagues shouldn’t ...

Posted on 14/03/2025

Savings from Hong Kong transport scheme revamp ‘insignificant’: Legco research arm

Legislative Council Secretariat also says decision to freeze civil servant pay expected to save about HK$8.7 billion in coming financial year Savings brought about by Hong Kong's revamp of its HK$2 ...

Posted on 14/03/2025

Hong Kong announces FY25-26 budget, with measures to tackle budget deficit

The region is set to reduce recurrent expenditure by 7% cumulatively from now through FY27-28 to combat the deficit.

Posted on 14/03/2025

Taking Forward Reforms to the Hong Kong Listing Regime

In the recently released 2025-2026 Budget, the Hong Kong Government has mentioned that it will further strengthen the city’s role as a leading international financial centre. It extends various ...

Posted on 13/03/2025

HSBC puts bankers on ‘gig economy’ contracts amid scramble to cut costs

HSBC has put some staff on short-term “gig economy” contracts as part of an aggressive cost-cutting drive overseen by its new chief executive.

Posted on 13/03/2025

Hong Kong seniors are an economic force, not a budget write-off

Investing in their well-being and engagement could transform this demographic into a driving force for Hong Kong's economy Financial Secretary Paul Chan Mo-po's decision to rein in the HK$2 (26 US ...

Posted on 13/03/2025

Hong Kong finance chief sees US$20 billion of IPOs this year on China tech optimism

The highlight would be the third edition of the Wealth for Good in Hong Kong Summit on March 26, Christopher Hui Ching-yu, Secretary for Financial Services and the Treasury, said in a blog post on ...

Posted on 13/03/2025

Apple supplier Lens Technology joins list of Chinese firms planning Hong Kong IPOs

Avatr Technology, Shenzhen-listed Changan Automobile’s EV company, is also reportedly considering a US$1 billion Hong Kong listing.

Posted on 13/03/2025

HSBC HOLDINGS Signs ST Retention Agreements w/ Bankers Amid Overhaul: Wire

HSBC HOLDINGS (00005.HK) is signing short-term retention agreements with some investment bankers as the group is pushing for a comprehensive overhaul and gradually closing some operations, Bloomberg ...

Posted on 12/03/2025

AI Drug Startup Insilico Weighs Hong Kong IPO After Funding

Insilico Medicine Inc. is considering an initial public offering after securing funding at a valuation of more than $1 billion, reflecting growing interest in the potential use of AI to discover ...

Posted on 12/03/2025

Laopu’s 1,600% Rally Illustrates Hong Kong’s Frenzy Over IPOs

If there was any doubt IPO fever has returned to Hong Kong, look no further than Laopu Gold Co.’s rally of more than 1,600% since its listing less than a year ago.

Posted on 12/03/2025

Hong Kong to host 3 major financial events, highlighting its role as top international hub

The top events this month are the Wealth for Good summit, the Global Investors’ Symposium and the HSBC Global Investment Summit.

Posted on 12/03/2025

Hong Kong’s Stock Market Booms With Wall Street in Turmoil

Hong Kong’s stock market is turning into one of the biggest winners of Donald Trump’s chaotic first 50 days in office.

Posted on 12/03/2025

Bank of Singapore names new head of Hong Kong’s investment solutions group

Joey Tang worked in the Bank of China (Hong Kong) and Citi prior to joining BOS. Bank of Singapore has appointed Joey Tang as head of investment solutions group Hong Kong. Tang will report to Vivienne ...

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