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Tag: finance

Posted on 27/09/2023

Hong Kong Struggles with Generative AI Amidst Copyrights & Legal Concerns

This suggests that while the general public is eager to embrace AI, businesses remain skeptical due to murky legal waters.

Posted on 27/09/2023

Hong Kong’s crypto love meets its match – The details

A once radiant star in Hong Kong’s financial skies, cryptocurrency group JPEX painted the town teal-and-white. From dominating billboards in the financial district to owning ad spaces on taxis and ...

Posted on 27/09/2023

SFC puts small Hong Kong crypto exchanges under glare of public scrutiny as they pursue virtual asset licences

HKVAX, HKbitEX, Hong Kong BGE and Victory Fintech all tout their commitment to operating in accordance with crypto regulations The exchanges are just a few years old, with two owned by publicly-listed ...

Posted on 27/09/2023

As China stocks slide, trading sinks amid US$955 billion market wipeout in Hong Kong, Shanghai and Shenzhen

Traded volume in Hong Kong's stock market slumped to a one-year low on September 20, or 38 per cent below the average in the first half Some US$955 billion has been erased from stock capitalisation in ...

Posted on 27/09/2023

Crypto Blowup in Hong Kong Tests Its Embrace of Retail Trading

The footage was beamed out to television viewers across Hong Kong early last week: a young man dressed in a black polo shirt, navy blazer and gray trousers being led out by police from an office tower ...

Posted on 27/09/2023

China’s gold imports via Hong Kong bounce back in August

China's gold imports via Hong Kong rebounded in August from the previous month, data showed on Tuesday, with the issuance of fresh quotas to local banks likely to boost shipments into the world's top ...

Posted on 26/09/2023

Alibaba’s logistics arm, Cainiao, to file for Hong Kong IPO

Cainiao Network Technology Co, the logistics subsidiary of Alibaba (NYSE:BABA) Group Holding Ltd, is expected to file for its initial public offering (IPO) in Hong Kong as early as next week, according to sources close to the matter. The move could ...

Posted on 26/09/2023

Hong Kong’s Resurgence Powered by Middle East Connections

Thanks to their key locations, a plethora of natural resources and progressive initiatives, like the UAE's NextGen FDI and Saudi Arabia's Vision 2030 economic diversification plan, Hong Kong’s Gulf ...

Posted on 26/09/2023

China’s Alibaba kicks off restructuring with plan to list logistics arm in Hong Kong

Alibaba Group on Tuesday kicked off its restructuring with a plan to list its logistics arm Cainiao in Hong Kong that would make the unit the first to be separated since the Chinese e-commerce giant ...

Posted on 26/09/2023

Hong Kong seeks swift downgrades and provisioning to ensure adequately regulated banks and secure market confidence: panel

Hong Kong is in the process of reinventing itself with authorities pushing for “swift downgrades and swift provisioning” to ensure the banking sector is adequately regulated to ensure market ...

Posted on 26/09/2023

Alibaba will spin off its logistics arm Cainiao in an IPO in Hong Kong

Chinese e-commerce company Alibaba says it will spin off its logistics arm, Cainiao Smart Logistics Network, in an initial public offering in Hong Kong ...

Posted on 26/09/2023

UPDATE 1-China’s gold imports via Hong Kong bounce back in August

China's gold imports via Hong Kong rebounded in August from the previous month, data showed on Tuesday, with the issuance of fresh quotas to local banks likely to boost shipments into the world's top ...

Posted on 26/09/2023

How net zero by 5 Chinese tech giants, which account for 2.5 times Hong Kong’s annual emissions, can decarbonise 25% of Hang Seng Index

Alibaba, Baidu, China Mobile, Tencent and Xiaomi could eliminate 2.5 times Hong Kong's annual emissions if they achieve net zero emissions, think tanks says; Emissions from the fi ...

Posted on 26/09/2023

Hong Kong bankers play an anxious waiting game

Global banks in Hong Kong are feeding on scraps. Fewer initial public offerings in the city mean institutions including UBS , Bank of America and Morgan Stanley are tackling smaller transactions.

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