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Tag: finance

Posted on 16/04/2024

Ex-Hong Kong leader Carrie Lam needs office costing HK$9 million annually to match status, admin chief tells sceptical lawmakers

No suitable government premises available when Lam finished her term as leader, Director of Administration Millie Ng tells lawmakers Following the end of Lam's five-year term in 2022, the government ...

Posted on 16/04/2024

Bitcoin and Ethereum ETFs are predicted to be launched in Hong Kong

Similarly, Bosera Capital and Harvest Global Investments announced the approval of their applications for Bitcoin and Ethereum spot ETFs. However, these announcements have been removed as of the ...

Posted on 16/04/2024

HSBC lays off at least a dozen Asia dealmakers amid weaker activities, sources say

HSBC is laying off more than a dozen of its investment banking staff in Asia as dealmaking in the region slows, three people with knowledge of the matter told Reuters on Tuesday. Bankers in Hong Kong ...

Posted on 16/04/2024

Hong Kong’s bitcoin, ether ETFs seen as attractive to Asian buyers, but ‘child’s play’ compared with scale of US market

The Asian finance hub's upcoming spot cryptocurrency ETFs could attract regional investors who do not want to bother with US accounts and tax forms, experts say Hong Kong is the first major financial ...

Posted on 16/04/2024

HSBC cuts a dozen Asia dealmakers, source says

HSBC is laying off around a dozen of its Asia investment banking staff, a person with knowledge of the matter told Reuters on Tuesday.

Posted on 16/04/2024

Hong Kong lawmakers slam HK$3.75 million monthly bill for 6 Covid isolation facilities on standby

Monthly expenditure on six standby facilities covers electricity and maintenance costs, as well as charges for security services from contractors.

Posted on 16/04/2024

Times China faces winding-up petition filed by Hang Seng Bank in a Hong Kong court

Debt-laden developer Times China Holdings is faced with a winding-up petition as it becomes the latest property company creditors are seeking to liquidate.

Posted on 16/04/2024

Hong Kong could become Asia’s crypto hub with Bitcoin and Ethereum ETFs

After the weekend's volatility due to the increasing conflict in the Middle East, crypto saw some positive news coming from Hong Kong yesterday. Bitcoin and Ethereum spot exchange traded fund (ETF) ...

Posted on 16/04/2024

TIMES CHINA Hit by Winding-up Petition From HANG SENG BANK, Involving Financial Obligations of HK$2B+

TIMES CHINA Hit by Winding-up Petition From HANG SENG BANK, Involving Financial Obligations of HK$2B+ HANG SENG BANK Buys Back 599.2K Shrs, Involving $58.07M ...

Posted on 16/04/2024

HSBC Subsidiary Files Liquidation Petition Against Chinese Developer

A Hong Kong bank majority-owned by HSBC Holding has filed a liquidation petition against Times China, another instance of creditors seeking to recoup funds from developers amid China’s protracted ...

Posted on 16/04/2024

Hong Kong stocks at 3- week lows as China data points to patchy economic recovery

Hong Kong stocks struck a three week low as investors looked past consensus beating GDP data and focused on weak retail, industrial and property data which weighed on sentiment.

Posted on 16/04/2024

Property developer Times China receives winding-up petition in Hong Kong

This is at least the second winding-up case against major Chinese developers this month. Read more at straitstimes.com.

Posted on 16/04/2024

Hong Kong regulators approve spot Bitcoin and Ether ETFs

Hong Kong-based asset managers received approval from regulators on Monday to launch spot Bitcoin and Ether ETFs.

Posted on 16/04/2024

Hong Kong Association of Banks and HKMA Introduce Anti-Scam Consumer Protection Initiative

HKMA announced, in collaboration with the Hong Kong Association of Banks (HKAB), the launch of the Anti-Scam Consumer Protection Charter 2.0.

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