The government-owned Hong Kong Investment Corporation (HKIC) will unveil two new innovation projects related to medical technology and green development in the next two months, the finance minister ...
How Washington Hovers Over Hong Kong’s Economic Outlook
Hardly a month goes by without another reminder of the hefty knocks being dealt to Hong Kong’s once almighty reputation as a global financial center. Only recently, two former UK judges resigned in ...
Hong Kong Securities Regulator Flags Tokencan, VBIT Exchange, and HKD.com Corporation for Fraud
Hong Kong regulators have released comprehensive guidelines and frameworks to enhance transparency and regulatory compliance within the crypto market, urging investors to exercise caution and conduct ...
Chinese bank wealth managers fined for disclosure, product management irregularities
HONG KONG, June 29 (Reuters) - Six Chinese bank wealth managers have been fined a total of 32.5 million yuan ($4.5 million) due to disclosure, product management irregularities. China Merchant Bank ...
Hong Kong’s exclusive clubs rocked by economic slowdown and expat exodus
“The second-hand market is very much reflective of the economy,” said a former banker in Hong Kong who holds four private club memberships. French bank Natixis forecasts Hong Kong’s economy will grow ...
HK Deposits With Authorized Institutions Rise 1.1% in May; RMB Deposits Grow 4.2%
RMB deposits in Hong Kong increased by 4.2% in May to RMB1,134 ... Related News UBS Expects Weak Net Interest Income Growth in 1H24 for HANG SENG BANK w/ Continuous Improvement in Non-Interest Income ...
Hong Kong’s IPO outlook brightens with SF Holding, Tong Ren Tang filing applications
Shenzhen-listed SF Holding, the parent of courier operator SF Express, has taken a second stab at raising funds in the city after its initial application filed last August lapsed. It had reportedly ...
Hong Kong government hits out at head of drug rehab facility after embezzlement denial
UK-based principal Alman Chan rejects accusation he was involved in the theft of HK$50 million in donations raised for college’s operations.
Hong Kong eyes DeFi, DAO spent $37M to help free Julian Assange: Finance Redefined
The AssangeDAO core team member said this could be considered the first historical event in which the DeFi community contributed to releasing someone from prison.
Shein keeps option of Hong Kong IPO as backup plan, FT reports
Online fast-fashion group Shein is keeping alive a fallback option to list in Hong Kong despite filing confidential paperwork earlier this month with the UK's financial regulator, Financial Times ...
Hong Kong to enhance cross-border transfers for residents who work, live in mainland China
Hong Kong’s monetary authority plans to sign an agreement with the Chinese central bank to find ways to enhance cross-border remittance services to make it easier for Hongkongers who work or retire on ...
RBI Penalizes HSBC with Rs 29.6 Lakh Fine for Card Compliance Issues
The Reserve Bank of India (RBI) has fined The Hongkong and Shanghai Banking Corporation Limited (HSBC) Rs 29.6 lakh for failing to comply with directives related to credit, debit, and prepaid card ...
HSBC slapped with Rs 29.6 lakh penalty by RBI for non-compliance with card norms
Mumbai: The RBI on Friday said it has imposed a penalty of Rs 29.6 lakh on The Hongkong and Shanghai Banking Corporation Limited (HSBC) for non-compliance with ...
RBI Fines HSBC Rs 29.6 Lakh for Credit Card Violations
The Reserve Bank of India (RBI) has imposed a penalty of Rs 29.6 lakh on HSBC for non-compliance with directions related to credit card operations. The penalty was imposed following a supervisory ...