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Tag: finance

Posted on 25/11/2023

Hong Kong Introduces ADA to Combat Financial Scams and Fraud

The Hong Kong Monetary Authority (HKMA), together with the Hong Kong Association of Banks (HKAB) and the banking sector, support the launch of the ...

Posted on 25/11/2023

Hong Kong to launch China treasury bond futures, cementing its role as ‘world’s leading offshore renminbi hub’

The futures are expected to support greater international participation in China’s equities and fixed-income markets, and further broaden investment and risk-management opportunities in Hong Kong, ...

Posted on 25/11/2023

Hong Kong expects reforms to revive IPO market

Initial public offerings have seen a decline globally in 2023, with fundraising amounting to US$119.2 billion, down by 12% in volume and 35% in proceeds compared to the previous year.

Posted on 25/11/2023

Hong Kong’s Victory Securities to Offer Digital Asset Services in Retail Markets

Hong Kong’s investment management firm, Victory Securities has obtained approval to offer digital asset services to retail clients expanding the country’s number of cryptocurrency licences.

Posted on 24/11/2023

KB under probe for possible 5 tril. won loss through ELS sales in Hong Kong

Bank is under probe by the Financial Supervisory Service (FSS) for the possible loss of nearly 5 trillion won ($3.83 billion) that it could potentially inflict on its customers through ...

Posted on 24/11/2023

Hong Kong’s Cathay Pacific expects first annual profit in 4 years, passenger numbers to reach 95% of pre-pandemic levels

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Posted on 24/11/2023

HK dog meat deception: App-savvy con artists swipe 6.2 million baht

Cyber criminals in Hong Kong have made faux dog meat sales, designed to hook unsuspecting victims into downloading a treacherous mobile app.

Posted on 24/11/2023

Hong Kong Exchange Fund reaps financial rewards

Strong bond market drives rebound by war chest that helps defend Hong Kong dollar and hopes are high it will continue The Hong Kong Exchange Fund is for long-term investment. Recent short-term market ...

Posted on 24/11/2023

Hong Kong stocks rise to 1-week high on more policy bets after Shenzhen cuts down payment for second-home buyers

Hong Kong stocks close at one-week high as Chinese property stocks rally after Shenzhen cuts down payment for second-home buyers.

Posted on 23/11/2023

Hong Kong pupils to start learning about city’s national security law from age of 8 or 9

Hong Kong schoolchildren will start learning about the national security law from the age of eight or nine, the Education Bureau has announced as it unveiled a new humanities curriculum to be tested ...

Posted on 23/11/2023

Chinese shadow bank says it has ‘huge’ debt and can’t pay its bills

A major wealth management company in China has told investors it can’t pay all its bills, reigniting fears that the country’s long-running real estate slump may be spilling over into the $3 trillion ...

Posted on 23/11/2023

Futu Announces Third Quarter 2023 Unaudited Financial Results

Net income increased by 44.6% to HK$1,091.2 million (US$139.3 million) from HK$754.6 million in the third quarter of 2022. Net income margin for the third quarter of 2023 expanded to 41.2% from 38.8% ...

Posted on 23/11/2023

Hong Kong bridge half marathon chiefs blame location for food, toilet, bus issues and apologise for finish-tape blunder

No food, not enough drinks, long queues and scarce toilets among the complaints from runners after officials' initial claim of 'perfect execution' HKAAA offers 'sincere apologies' for finish line ...

Posted on 23/11/2023

Hong Kong’s ZA Bank to roll out US stock trading services

The Hong Kong SFC has lifted previous conditions to the bank's securities license. Hong Kong’s ZA Bank has announced plans to roll out stock trading services in the US. This follows after the Hong ...

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