Hong Kong stocks edged higher after corporate earnings fuelled gains in sportswear company Li Ning and telecoms giant China Unicom, although the mood was cautious after China’s central bank kept its ...
Hong Kong Faces Battle to Shore Up Its Role as Financial Hub After Security Law
Hong Kong just passed its local security law at record speed, placating Beijing and antagonizing Western governments. It now has the challenging task of bolstering the city’s position as an ...
Chinese payment provider LianLian DigiTech files US$78 million Hong Kong IPO, less than a fifth of its target a year ago
The company aims for a fifth of the US$500 million it originally sought in June 2023 The downsized listing comes as Hong Kong's stock market endures the lowest momentum for new listings since 2011 ...
How HSBC Transformed Its Customer Experience
The banking and finance sector, which has long emphasized product strategy over customer experience (CX), is facing increasing pressure from brick-and-mortar, online, and fintech competition. This ...
Futu Holds Hong Kong’s First Retail Investment Exhibition, Uniting Premier Financial Institutions and Over 5,000 Investors
Futu Holdings celebrates 5th anniversary of its IPO and reaffirms its commitment to further investment in Hong Kong Arthur Chen, Chief Financial Officer at Futu Holdings, shared during his opening ...
Bank of America Cuts Space in Hong Kong in Blow to Office Market
Bank of America Corp. is cutting some office space in its headquarters in Hong Kong’s Central district, according to people familiar with the matter, underscoring the headwinds for the city’s ...
HSBC, Hong Kong’s science park sign 3-year partnership to drive fintech development
Hong Kong's biggest bank and start-up hub aim to build 'international fintech corridor' to further city's goal of being international hub for such technology HSBC will provide financial services to ...
Hong Kong reports 8,600 average withdrawals per ATM in a month: study
About 2 in 3 of the markets studied– 41 markets out of 63– saw a rise in withdrawals. This may be due to rising cost of living and cash being seen as “the most reliably accepted payment method,” the ...
CBDCs: Hong Kong Monetary Authority (HKMA) Introduces Phase 2 of e -HKD Pilot
The Hong Kong Monetary Authority (HKMA ... An enhanced e-HKD sandbox, “leveraged on the wholesale central bank digital currency (wCBDC) sandbox to be built under Project Ensemble, will support Phase 2 ...
Hong Kong privacy watchdog probes data breach at prominent sports club involving loss of about 70,000 members’ personal information
including 324,232 Hong Kong account holders, was for sale on the dark web. In September, the city tech-hub Cyberport was blackmailed by a ransomware group that hacked its system and purportedly stole ...
Hong Kong Faces Property Problems: All Very Much Of Beijing’s Making
High interest rates have played a role as well since Hong Kong’s dollar peg forces the authorities there to follow the rate hikes of the U.S. Federal Reserve (Fed) instead of the rate cuts of the ...
Alibaba Puts New Leader in Charge of Freshippo With IPO in Limbo
Alibaba Group Holding Ltd. appointed a new head of its grocery arm Freshippo in the latest step of a wide-ranging restructuring.Most Read from BloombergPutin Warns Russia Won’t Stop After Predictable ...
ZA Bank has detected HK$4b of suspicious financial activities
Its real-time fraud monitoring system screens 100,000 transactions per day. ZA Bank says that it has boosted its risk control performance by 400% since launching in 2020. In a press announcement, the ...
EMPF Platform: Hong Kong to migrate smallest pension firms first, with giants like HSBC to bring up the rear by end-2025, regulator says
YF Life Trustees, the smallest of Hong Kong’s MPF providers, will be the first to migrate to the soon-to-be-launched eMPF Platform, while HSBC, the largest provider, will be the last, according to the ...