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Tag: finance

Posted on 27/06/2024

“Explore China, Pay Your Way” forum promotes more convenient mainland payment for Hong Kong and Macao residents as well as overseas visitors

The "Explore China, Pay Your Way" Forum was successfully held on June 26 in Hong Kong. The event was hosted by the Chinese Banking Association of Hong Kong (HKCBA), co-organized by UnionPay ...

Posted on 27/06/2024

Hong Kong-listed companies slash dollar borrowings in favor of yuan

HONG KONG -- Some Hong Kong-listed companies are shifting their borrowings to yuan, sometimes drastically, as the U.S. Federal Reserve keeps rates high to fight inflation while the People's Bank of ...

Posted on 27/06/2024

Hong Kong police arrest 37 who used loan scheme to defraud banks of HK$210 million

Twenty-three sham directors and 14 employees of shell companies submitted loan applications under government-backed scheme Hong Kong police have rounded up 37 people in a crackdown on a fraud ...

Posted on 27/06/2024

CTBC Bank achieves major milestone with Avaloq to offer an enhanced private banking experience in Hong Kong and Singapore

The new platform enables CTBC Bank to offer specialized private banking products and services in Hong Kong and Singapore. The Avaloq Core Platform supports the expansion of CTBC Bank's private banking ...

Posted on 27/06/2024

Hong Kong financial sector eyes DeFi and Metaverse, despite regulatory challenges

On Tuesday, the Hong Kong Institute for Monetary and Financial Research, backed by Hong Kong’s central bank, released some documents suggesting that the financial services industry is keen on DeFi and ...

Posted on 27/06/2024

Hong Kong-listed New World sells Qianhai tower stake for US$198 million

The conglomerate sold a 30 per cent stake in the North tower of the Shenzhen Qianhai Chow Tai Fook Finance Centre to parent Chow Tai Fook Enterprises New World Development (NWD) has made yet another ...

Posted on 27/06/2024

Hong Kong Highlights Its Crypto and Web3 Capabilities at Toronto Tech Conference

In an ambitious move to attract Canadian tech startups, Hong Kong government entities focused on foreign investment promotion visited a tech conference in Toronto, Canada. The Hong Kong Economic and ...

Posted on 26/06/2024

Hongkong Land and Luxury Retail Tenants to Invest More than US$1 Billion (HK$7.8 Billion) in LANDMARK, Hong Kong

Hongkong Land; The Hon Michael WONG Wai-lun, GBS, JP, Deputy Financial Secretary of the Government of the Hong Kong Special Administrative Region; John Witt, Group Managing Director, Jardine Matheson; ...

Posted on 26/06/2024

Hong Kong helps relieve yuan pressures as mainland China grapples with capital outflows

With yuan capital outflows at their highest in years, transfers from Hong Kong to mainland China appear to have done much to keep the currency from depreciating at much higher rates.

Posted on 26/06/2024

Hongkongers prioritise financial stability and seek equal growth opportunities: Randstad

"Attractive salary and benefits" has dethroned "good work-life balance" as the top employer value proposition (EVP) driver Hongkongers look for in ideal employers.

Posted on 26/06/2024

China’s Dida prices Hong Kong IPO shares at HK$6, sources say

China ride-sharing app operator Dida has priced its shares at HK$6 each to raise US$30 million in its Hong Kong initial public offering, two people with direct knowledge of the matter said on ...

Posted on 26/06/2024

5 of I.M. Pei’s most iconic buildings: meet the Chinese-American architect celebrated at Hong Kong’s M+

Life Is Architecture' spotlights influential projects including modernising the Louvre in Paris and Doha's Museum of Islamic Art The first major retrospective of Chinese-born American architect Ieoh ...

Posted on 26/06/2024

U.S. sanctions ‘sprawling’ shadow banking network for supporting Iranian military

WASHINGTON — A group of 50 people and firms across Hong Kong, the United Arab Emirates and the Marshall Islands that have been acting as a “sprawling shadow banking network” for Iran’s military were ...

Posted on 25/06/2024

CWG Markets Triumphs at 2024 Hong Kong Wiki Finance Expo with “Best Forex Trade Execution”

PORT VILA, VANUATU / ACCESSWIRE / June 25, 2024 / The highly anticipated Hong Kong Wiki Finance Expo has successfully concluded, marking another milestone in the financial industry. CWG Markets, a ...

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