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Tag: finance

Posted on 19/09/2026

Former Hong Kong banker sentenced to four years for crypto bribery

Former CCB Asia banker Lam Chun-yin sentenced to four years for accepting $470,000 in USDT bribes to falsify $1.6 billion in financial documents.

Posted on 19/09/2026

Hong Kong-based education services provider Rise Smart Group Holdings withdraws $8 million US IPO

Rise Smart Group Holdings, which provides services to students in Hong Kong seeking higher education abroad, withdrew its plans for an initial public offering on Friday.

Posted on 18/09/2026

Hong Kong ranks 3rd among global financial centers, narrowly ahead of Singapore

Hong Kong has retained its third place on an index ranking financial hubs worldwide with a rating of 756, just one point ahead of Singapore in fourth.

Posted on 18/09/2026

Hong Kong’s status as int’l financial, shipping, trade center reaffirmed: spokesperson

Hong Kong has witnessed remarkable economic growth with the safeguards of "one country, two systems," a Chinese spokesperson said on Thursday, noting that its leading position as an international ...

Posted on 18/09/2026

Hong Kong eyeing gold expansion and Northern Metropolis vaults to cement hub status

Finance chief says HKMA playing greater role in gold market will enrich city's financial ecosystem and that Hong Kong not considering interest rate rise Hong Kong's plan to raise its gold holdings ...

Posted on 17/09/2026

AFRC backs Hong Kong’s five-year plan and 2026 policy address

The Accounting and Financial Reporting Council (AFRC) has expressed its support for Hong Kong's First Five-Year Plan and the 2026 Policy Address, which were announced by CEO John Lee on 16 September.

Posted on 17/09/2026

Here’s why Hong Kong’s Hang Seng Index is tumbling today (Sep. 17)

The Hang Seng Index slipped further into a correction, reaching its lowest level since July this year, as investors reacted to the latest Federal Reserve interest rate decision. It slipped to 24,468 ...

Posted on 17/09/2026

HSBC scraps $38,000 school subsidy for some Hong Kong bankers

HSBC is ending its $38,000 school subsidy for new hires in Hong Kong, phasing out a longstanding perk that the UK bank had used to attract senior staff to the Asian financial hub.

Posted on 17/09/2026

HSBC Cuts Back $38,000-Per-Kid School Perk for Some Hong Kong Bankers

HSBC Holdings Plc ended a long-standing education benefit for new joiners in Hong Kong and for employees transferring to the city, cutting back one of the city’s most lucrative banking perks as Chief ...

Posted on 17/09/2026

Hang Seng Index Today, September 16: Hang Seng Falls 1.2% After Fed Rate Hike – Why Are Hong Kong Stocks Under Pressure? Check Tencent, HSBC And Xiaomi

Hong Kong stocks came under pressure after the US Federal Reserve raised interest rates and signalled the possibility of another hike later this year. The Hang Seng Index declined, with several major ...

Posted on 17/09/2026

HSBC cuts back $48,000-per-kid school perk for some Hong Kong bankers

Hundreds of employees have drawn on the perk which costs tens of millions of dollars annually. Read more at straitstimes.com.

Posted on 16/09/2026

Hong Kong rated Asia’s top financial hub for fourth straight year: report

City also ranked third overall in the Global Financial Centres Index as Asian hubs strengthened their positions in the top 10 Hong Kong has retained its status as Asia's top financial hub for a fourth ...

Posted on 16/09/2026

Hong Kong rated Asia’s top financial hub for 4th straight year: report

Hong Kong also ranked third globally in the Global Financial Centres Index as Asian hubs strengthened their positions in the top 10.

Posted on 16/09/2026

Hong Kong unveils plan to align economy with China’s goals

Hong Kong's government unveiled plans on Wednesday to significantly boost investment on innovation and technology as it aims to align the financial hub with mainland China's development goals. - ...

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