Eddid Financial, a leading fintech-driven financial services group; SageRock Capital, which integrates traditional finance with blockchain financial innovation; and ArtWise, a specialist in the art ...
Shein flags tariff hits after posting quarterly loss ahead of Hong Kong IPO
By Yantoultra Ngui, Selena Li and Liz Lee SINGAPORE/BEIJING, July 26 (Reuters) - Shein swung to a $99 million quarterly loss due to slowing sales after the U.S. removed an import duty exemption on ...
Hong Kong finance regulators push AI to police AI risks
The programme builds on the Gen AI Sandbox launched in 2024. Hong Kong financial regulators have launched a new initiative to expand the use of generative artificial intelligence (AI) across the ...
Shein reveals key financials ahead of Hong Kong IPO
BEIJING, July 26 (Reuters) - Fast-fashion ecommerce platform Shein recorded net income of $2.064 billion last year, a draft company prospectus published by Hong Kong's stock exchange on Sunday showed, ...
Shein swings to quarterly loss ahead of Hong Kong IPO
By Liz Lee and Yantoultra Ngui BEIJING/SINGAPORE, July 26 (Reuters) - Shein swung to a $99 million net loss in the first quarter of this year, the draft Hong Kong listing prospectus of the online fast ...
HSBC sells Singapore insurance unit to Allianz in $2.1 billion deal
By Selena Li, Sneha Kumar and Yantoultra Ngui July 24 (Reuters) - HSBC has agreed to sell its life and health insurance business in Singapore to Allianz for S$2.7 billion ($2.1 billion), as it trims ...
Hong Kong can act as ‘super converter’ for mainland China, Paul Chan says
Financial secretary says Hong Kong can use 'brand name' to vouch for mainland products and help them sell internationally Hong Kong can take on a new role as a "super converter" for technical ...
UOB strengthens Hong Kong’s role with new Hong Kong CEO
UOB announces plans to strengthen Hong Kong's role as a gateway between China and Asean with new Hong Kong CEO ...
Alipay+ partners with Hong Kong’s Hang Seng Bank for cross-border QR code payments
The digital wallet gateway has added Hang Seng Bank to its cross-border payments network, which amounts to over 50 global financial institutions. Hang Seng mobile app users can now make QR code ...
Hong Kong insurers ride affluent demand to record sales as longevity and legacy needs grow
Mainland China and overseas wealth, alongside family offices, is driving insurance demand in the city to new highs.
SVB UK – now HSBC Innovation Banking – launches in Hong Kong
HSBC announced today it has officially launched HSBC Innovation Banking in Hong Kong, delivering a globally connected and specialised proposition for venture-backed businesses and their investors.
UOB targets fivefold growth in Hong Kong private bank AUM by 2030
It also plans to treble its client adviser ranks to about 60, as the Singapore lender seeks to capture rising wealth flows between China and Asean Read more at The Business Times.
HSBC summit turns future trends into wealth strategies
Premier Elite customers gain access to wealth solutions spanning unit trusts, structured products, bonds, securities, ETFs, and margin trading ...
Malaysia, Hong Kong securities regulators agree to ease dual IPO listings, strengthen collaboration
KUALA LUMPUR, July 23 (Reuters) - Malaysian and Hong Kong securities regulators signed a memorandum of understanding on Thursday aimed at facilitating dual initial public offering (IPO) listings in ...