Deutsche Bank is preparing a liquidation lawsuit in Hong Kong against Chinese developer Shimao Group, two sources said, in a rare move by a foreign firm that comes amid rising credit defaults and ...
HSBC HOLDINGS Buys back 6.95M+ Shrs for HKD422M Ytd
HSBC HOLDINGS (00005.HK) announced that it repurchased a total of 6.9515 million shares of the company yesterday (29 February) in the UK and Hong Kong markets for a total amount of... HSBC HOLDINGS ...
Hang Seng Bank expresses support of budget measures for SME, financial market
Amongst initiatives were the advancement of digital finance and support for SMEs. Hang Seng Bank has expressed support for the Hong Kong government’s new budget measures, particularly those designed ...
Hong Kong must embrace green finance as both opportunity and responsibility, monetary authority CEO says
It’s not just about addressing a global issue that might affect everybody, it’s also about protecting our people in our own land,’ Eddie Yue says.
ZA Bank officially unveils US stock trading service in Hong Kong
Customers of ZA Bank’s US stock trading service will also be able to trade directly without the hassle of making transfers, Transactions are directly debited or credited to their savings accounts. The ...
Hong Kong budget 2024-25: treasury chief champions HK$600 billion bond issuance plan, vows safeguards to be put in place
Government anticipates strategy will help achieve budget surplus for 2025-26 financial year, with authorities to issue silver, green and infrastructure bonds over next five years Treasury chief ...
How Hong Kong turned its back on capitalism – and is paying a terrible price
Hong Kong’s Financial Secretary, Paul Chan, on Wednesday announced the first increase in income tax in the region in 20 years as authorities scramble to fill a growing budget blackhole. In a surprise ...
Hong Kong, Singapore, Japan regulators welcome tokenisation push, call for closer alliance with private sector
Regulators from Hong Kong, Japan and Singapore welcome the trend of tokenisation as a means to promote efficiency, disintermediation, liquidity and financial inclusion in markets.
Hong Kong Bourse Posts $1.5 Bn Profit Despite IPO Drought
Hong Kong's stock exchange operator said Thursday that revenue and profits in 2023 were the "second best on record" despite new listings plunging to the lowest level in more than a decade.
Hong Kong man arrested on suspicion of laundering HK$16 million after customs detects 11,000 transactions through 6 bank accounts
The delivery van driver, 36, handled illegal funds received from or transferred to more than 5,000 third-party accounts, according to customs One of the suspect's bank accounts handled more than 180 ...
HSBC Life Hong Kong issues most expensive life insurance policy
The Hong Kong insurer has issued policies worth at least US$50m over the past year. HSBC Life Hong Kong has set a new Guinness World Record by issuing the most valuable life insurance policy ever sold ...
Hong Kong finance chief defends monthly HK$1 million fireworks after pushback from residents
Hong Kong’s finance chief has defended plans for monthly fireworks shows that would cost HK$1 million each and are intended to entice tourists to stay longer in the city. Responding to residents in a ...
Guinness World Records: HSBC Life clinches title with US$250 million insurance policy sale in Hong Kong
The policy sale to an Asian customer handily surpasses the US$201 million cover bought by a tech billionaire in California in March 2014 Policy sale shows Hong Kong's rise as a leading ...
Hong Kong budget 2024-25: city delays Lantau Island reclamation project, orders all departments to tighten belts
In ‘a fiscal consolidation programme’, finance chief’s budget lists steps to cut expenditure in areas ranging from infrastructure to transport to civil service.