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Tag: finance

Posted on 23/11/2023

Hong Kong stocks fall to 1-week low on Fed rate concerns amid higher US inflation outlook

Most stocks weaken in early trading as the Hang Seng Index hits a one-week low. Concerns about inflation in the US keep investors at bay.

Posted on 23/11/2023

San Diego woman accused of stealing $8.5 million from Chinese boss in bank scheme

Ping Gao, who recently lost a $31.5 million civil judgement in trial over the same conduct, allegedly bought a $2.9 million Point Loma home with the stolen funds ...

Posted on 23/11/2023

Nvidia Weighs On Asia Tech Stocks As Hong Kong Internet Rebounds

Asian markets were mixed on light volumes as Nvidia’s earnings results and the company's mention of US government restrictions on chip exports weighed on tech stocks.

Posted on 23/11/2023

Mastercard says wide adoption of central bank digital currencies would be ‘difficult’ right now

The difficult part of CBDCs is adoption, Ashok Venkateswaran, Mastercard's blockchain and digital assets lead for Asia-Pacific, told CNBC.

Posted on 22/11/2023

Fitch Ratings affirms Bank of China (Hong Kong) at “A” (LT Int. Scale (foreign curr.) credit rating); outlook stable

Fitch Ratings affirmed the 'A' LT Int. Scale (foreign curr.) credit rating of Bank of China (Hong Kong) on November 21, 2023.

Posted on 22/11/2023

Hong Kong needs art financing ecosystem to complement efforts in luring global family offices to city, industry players say

Art collections and financing are major priorities for family offices because the richest clans want to develop and protect their legacy, Manulife's Damien Green says Green's StudioKT to open in Kwun ...

Posted on 22/11/2023

Exclusive-China to Name Finance Veteran Zhu as New Forex Chief, Sources Say

BEIJING/HONG KONG (Reuters) - China is set to appoint Zhu Hexin, a veteran banker and chief of state-run financial conglomerate CITIC Group, as the new head of its foreign exchange regulator, four ...

Posted on 22/11/2023

Hong Kong investment bankers have lots of free time and anxiety as deals slump, lay-offs intensify

The big China deals that lined rainmakers’ pockets for decades have evaporated. Banks and law firms alike are cutting jobs. Those that remain are chasing smaller deals and taking extended vacations.

Posted on 22/11/2023

Hong Kong stock exchange operator HKEX launches digital IPO platform FINI as listings drop to two-decade low

Bourse operator HKEX launched a new digital platform for IPOs, which is expected to speed up settlements and reduce investor risks.

Posted on 22/11/2023

Hong Kong stocks give up earlier gains to close lower as mainland Chinese traders’ sell-off of local shares dampens sentiment

Stocks rally after China’s central bank set the yuan reference rate above expectations, lifting the currency to a four-month high. Gains are also supported by earnings outlook before Baidu and ...

Posted on 21/11/2023

Art Basel Hong Kong paints rosier picture as 242 galleries sign up for 2024 fair after downscaling for 2 years amid Covid pandemic

Organisers behind city's mega art fair say event will be held at Hong Kong Convention and Exhibition Centre from March 28 to 30 'Our goal is to connect guests from all around the world in our home, ...

Posted on 21/11/2023

Art Basel Hong Kong paints rosier picture as 242 galleries sign up for 2024 fair after downscaling amid Covid pandemic

Organisers behind city's mega art fair say event will be held at Hong Kong Convention and Exhibition Centre from March 28 to 30 'Our goal is to connect guests from all around the world in our home, ...

Posted on 21/11/2023

More positive steps needed to improve Hong Kong-US ties, sanctions have affected efforts to promote city, John Lee says

City leader Lee on Tuesday also said he despised the "unreasonable" sanctions on him, but stressed that Hong Kong would play an active role in fulfilling the agreements struck between Chinese ...

Posted on 21/11/2023

Bank of China HK disables screen capture, recording on Android apps

This was due to a rise of malware scams. Bank of China Hong Kong (BOCHK) is disabling screen capture and recording functions on Android devices for its personal and corporate mobile banking amidst ...

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