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Tag: finance

Posted on 29/10/2024

Hong Kong’s secretary for financial services on regulating artificial intelligence

Christopher Hui, the Hong Kong Secretary for Financial Services, says that artificial intelligence is high on the agenda and that there is a need for right governance and oversight over its use in the ...

Posted on 29/10/2024

Hong Kong finance chief Paul Chan leads delegation to Saudi Arabia as city seeks to strengthen Middle East ties

Hong Kong finance chief Paul Chan has departed for Saudi Arabia, leading a delegation from the finance and innovation and technology sectors on a four-day trip to “strengthen and deepen” Middle East ...

Posted on 29/10/2024

Hong Kong stocks head for longest winning streak in 4 weeks on better earnings outlook

Hong Kong stocks rose for a third day, putting the city’s benchmark on course for its longest winning streak in four weeks, thanks to optimism that the outlook for corporate earnings will improve. The ...

Posted on 29/10/2024

Hong Kong rolls out policy statement, moves to nurture fintech

HONG KONG -- The Hong Kong Special Administrative Region (HKSAR) government on Monday unveiled a policy statement on the responsible application of artificial intelligence (AI) in the financial market ...

Posted on 29/10/2024

Hong Kong names 11 banks as primary liquidity providers for offshore RMB

Hong Kong has also expanded the RMB repo facility to over US$2.8b. The Hong Kong Monetary Authority has designated 11 banks as primary liquidity providers (PLPs) for the offshore renminbi (RMB) market ...

Posted on 28/10/2024

What Makes BOC Hong Kong (BHKLY) a Good Fit for ‘Trend Investing’

While "the trend is your friend" when it comes to short-term investing or trading, timing entries into the trend is a key determinant of success. And increasing the odds of success by making sure the ...

Posted on 28/10/2024

FCC Analytics Partners with Hong Kong Airstar Bank, livi bank to Enhance Anti-Money Laundering Efforts through Federated Learning

Airstar Bank is a digital bank in Hong Kong with Xiaomi Corporation and Futu Group as its key shareholders. The Bank upholds the virtue of financial inclusion by making cutting edge digital banking ...

Posted on 28/10/2024

Hong Kong unveils rules for ‘responsible’ AI use as it gets ahead of disruptive technology

Any institution that wants to use AI “must formulate a governance strategy to provide direction on how [the] systems should be implemented,” the government said.

Posted on 28/10/2024

Why Has Hong Kong’s Hang Seng Index (HSI) Soared In The Past Month?

Given Hong Kong’s close business links to China, and just how many Chinese companies are listed on the Hong Kong Exchange, Hong Kong stocks have suffered. Since its peak in early 2021, Hong Kong’s ...

Posted on 27/10/2024

HK delegation to visit Saudi Arabia to deepen cooperation in finance, innovation

The Hong Kong Special Administrative Region (HKSAR)'s Financial Secretary Paul Chan will lead a delegation from the financial, innovation and technology sectors to Saudi Arabia on Monday, a move that ...

Posted on 27/10/2024

HSBC’s east-west split is not just about cutting costs

The fallout left HSBC scrambling to placate governments and corporations in east and west. The political standoff between the US and China has not improved. If Donald Trump returns to the White House ...

Posted on 26/10/2024

Hong Kong ATMs to have pop-up warnings as scam losses mount to HK$6.41bil, says police chief

Police chief Raymond Siu also warns that deepfake-technology scams are likely to be the next major form of swindling to plague the city ...

Posted on 26/10/2024

Biostar prepares for $42 million IPO in Hong Kong

Biostar Pharmaceuticals plans to raise funds through an IPO on the Hong Kong Stock Exchange, offering 14.6 million shares at up to HK$22 each. Proceeds will support its oncology pipeline, notably Utidelone,

Posted on 26/10/2024

Analysts Offer Insights on Financial Companies: Hong Kong Exchanges & Clearing (OtherHKXCF) and Prosperity Bancshares (PB)

Companies in the Financial sector have received a lot of coverage today as analysts weigh in on Hong Kong Exchanges & Clearing (HKXCF – ...

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