It’s no secret that the market is looking at tycoon Edgar Saavedra’s Citicore Renewable Energy to jumpstart an initial public offering (IPO) revival in 2024. Given its size of P12.9 billion, that ...
HSBC Fined GBP57.4M on Serious Failures in Protecting UK Depositors
The Prudential Regulation Authority (PRA) of the UK fined HSBC HOLDINGS (00005.HK) +0.450 (+0.729%) Short selling $96.09M; Ratio 8.384% GBP57.4 million (nearly HKD570 million) for ...
Hong Kong’s bold plan with Yuan-linked stablecoins
The Hong Kong General Chamber of Commerce (HKGCC) has put forward recommendations for the upcoming budget, advocating the introduction of Chinese yuan-linked stablecoins as part of the region’s ...
Hong Kong stocks extend gains spurred by China’s policy support and state buying; Haidilao surges ahead of Lunar New Year
Hong Kong stocks rose for a second day as investors cheered measures taken by the Chinese government as authorities worried the US$5 trillion sell-off posed a risk to the country’s financial and ...
Asian markets track Wall St higher as Hong Kong extends rally
Hong Kong and Shanghai stocks extended their rally Wednesday on ... The surge on Tuesday came after a unit that controls government stakes in big financial institutions said it would ramp up ...
Hong Kong Finance Worker Falls Prey To Deepfake Video Call, Loses $25 Million After Interaction With ‘CFO’
(MENAFN- Live Mint) "A Hong Kong-based finance employee has been duped of $25 million after after falling prey to a deepfake scam. The worker – affiliated with a multinational company – was persuaded ...
Hackers Steal $25 Million by Deepfaking Finance Boss
Deepfake Scam A multinational company was scammed out of $25.6 million by hackers who fooled employees at the company's Hong Kong branch into believing their digital recreation of its chief financial ...
Hong Kong stocks jump, China’s CSI 1000 logs historic rally amid market intervention as regulator pledges to stem rout
Hong Kong stocks jumped by the most since July while onshore equities logged a historic gain. Market regulator in Beijing pledged fresh measures to stop the rot, and the sovereign wealth fund made its ...
Hong Kong Sells $750 Million of Digital Green Bonds
The government of Hong Kong sold $750 million of digital green bonds across four currencies as the city works to boost its role as a digital-asset hub. Most Read from BloombergXi to Discuss China Stoc ...
Exiled HK activist Ted Hui handed bankruptcy order
The 41-year-old is among several overseas activists targeted last year by police bounties of HK$1 million each.
Chinese indices surge 3% as rescue efforts bring cheer; Hang Seng soars 4%
Chinese regulators tightened measures for domestic and foreign institutional investors in stem the stock market rout after China's benchmark CSI 300 slumped to a 5-year low last week ...
Hong Kong savings safety net to expand by 60% to protect US$102,270 in event of bank failures
The Hong Kong Deposit Protection Board aims to have the change implemented by the fourth quarter of this year Protection level will be in line with UK and Germany, higher than mainland China and ...
Hong Kong Government Markets Multi-Currency Digital Green Bonds
the Hong Kong dollar, the US dollar, and the euro, respectively, with the size of the issuance to be determined, according to people familiar with the matter who requested anonymity discussing private ...
HSBC Holdings PLC ADR HSBC
HSBC has cost advantages and significant intangible assets in its core market of Hong Kong that help it generate strong earnings there even when the local economy is weaker. HSBC has operations in ...