[ET Net News Agency, 5 September 2024] CM BANK (03968) fell 3% to HK$30.2. It hits an intra-day low of HK$30.2, hitting an 1-month low, and an intra-day high of HK$31.3. The total shares traded was ...
Hong Kong Braces for Disruptions as Super Typhoon Heads to China
China is bracing for heavy rain and strong winds from Super Typhoon Yagi, with the storm set to intensify further as it heads toward Hainan Island and the coast of Guangdong province.Most Read from Bl ...
Why Hong Kong’s mega events seem so small and how to bring back the ‘wow’ factor
How did a few oversized balloons become something to brag about? The Post talks to experts about what's needed to make the 'mega event economy' work On a recent Sunday in Hong Kong, a corner of the ...
Hong Kong Bank Regulator Updates GenAI Guidelines
Banks seeking to use GenAI in their products should follow a range of principles—including ensuring that clients can opt out of using the technology and that AI models do not disadvantage or lead to ...
China Market Update: Hong Kong Shrugs Off Pessimism, Global Overweight Trades Crushed
Asian equities were a sea of red as overweight countries including Japan, South Korea, and Taiwan were whacked by more than -3% on regional semiconductor stocks’ declines.
Illegal betting saps 10% from Hong Kong racing turnover, Jockey Club says
Gambling operator reports total turnover of HK$304.9 billion and record HK$40.1 billion pumped back into community for financial year ...
HK-based Mox Invest adds Crypto ETFs to product offering
Hong Kong-based Mox has made Crypto ETFs available directly on Mox Invest, a regulated investment platform that reduces friction by removing the complexities of managing a personal crypto wallet.
ZA Bank becomes hong Kong’s first virtual bank to delcare monthly net profitability
ZA Bank, Hong Kong’s first and largest digital bank, has reached a significant milestone by becoming the city’s first digital bank to declare monthly net profitability, after just four years since its ...
HSBC appoints Jo Miyake as interim CEO of global commercial banking -memo
HSBC has named Jo Miyake as interim CEO of its global commercial banking business, according to an internal memo seen by Reuters on Wednesday, in the latest of a series of appointments since new group ...
BOC HONG KONG (02388.HK) Restarts Cash Rebate Offer for Mortgages – Report
Citing market sources, HK01 reported that since May, the four major banks in Hong Kong have cancelled all mortgage cash rebates, while small and medium-sized banks have still offered a very small ...
HSBC Life hits HK$24.7b in new business premiums
Annualised new premiums accounted for 19.7% of the market total. HSBC Life reported to write over $3.17b (HK$24.7b) new business premiums in the first six months of the year (H1 2024), securing 21.4% ...
Hong Kong stocks hit 3-week low amid global market turmoil
Asian markets follow an overnight sell-off abroad as weak US manufacturing data and a surge in the Japanese yen spook investors.
ZA Bank becomes Hong Kong’s first virtual lender to report a monthly profit
its first after nearly four years of operations ZA Bank, Hong Kong's largest virtual lender, has become the first among the eight online-only banks to make a monthly net profit since launching in 2020 ...
Alibaba Subsidiary Takes Majority Stake in Ant Group’s Bank Macao In Strategic Move to Enhance Digital Payment Services
Alibaba Group Holding (NYSE:BABA) backed Hong Kong lottery firm AGTech Holdings snapped a majority stake at Ant Group’s digital unit Bank Macao for $30.26 million. Now AGTech owns a 51.5% stake in ...