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 ...
Global Impact: Hong Kong’s stock market eyes light at the end of the tunnel after 3 years in the doldrums
The policies will be a boon for central bank digital currencies such as Hong Kong’s e-HKD and the mainland’s e-CNY, as they get the go-ahead for simultaneous trials Another new policy known as ...
Why Australians should care about Hong Kong’s security crackdown
Hong Kong has adopted China’s definitions of national security risks, calling into question its status as safe gateway to China for Australians.
Hong Kong stocks rise ahead of Fed and BOJ decisions
Hong Kong stocks opened higher on Monday with investors' eyes on key policy decisions this week from the US Fed and the Bank of Japan. The Hang Seng Index added 0.13 percent, or 21.05 points, to ...
Inaugural HSBC Global Investment Summit in Apr Expected to Entice 2,000+ Elites to Join Dialogue
The inaugural HSBC Global Investment Summit, taking place on 8-10 April 2024 in Hong Kong, on the heels of Cathay/ HSBC Hong Kong Rugby Sevens Tournament on 5-7 April 2024, is expe... The inaugural ...