The virtual banking race has been heating up in Asia in recent years. While virtual bank operations in Hong Kong commenced only two years ago, this year the Bank of Thailand plans to implement ... ( read original story ...)
Hong Kong group calls for tax changes to bolster financial services industry
Among other things, it recommends changes to tax laws to encourage pension funds to set up offices in Hong Kong for their in-house fund management arms, including better defining ... ( read original story ...)
Hong Kong stocks advance as developers get China boost while major tech leaders slip on earnings risk
Hang Seng swings between gains and losses amid growing concerns about a slump in Chinese tech earnings as the economy stumbles under Covid lockdowns HSBC, Kuaishou and Hong Kong property developers ... ( read original story ...)
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Get local news delivered to your inbox! A woman wearing a face mask walks past a bank's electronic board showing the Hong Kong share index in Hong Kong, Thursday, May 26, 2022. Asian stock markets ... ( read original story ...)
“Firsts in Hong Kong”: Industry leaders highlight unique attractions at 11 SKIES for boosting Hong Kong’s post-pandemic economy
As the local COVID-19 fifth wave eases, different industries are actively preparing business plans ahead of a reopening of Hong Kong's borders. 11 SKIES, the largest one-stop destination for retail, ... ( read original story ...)
DWF Agrees Hong Kong Affiliation, Reports 6% Group Growth
Listed U.K. law firm DWF has agreed an affiliation with Hong Kong outfit Hauzen, as it continues its international growth on the back of unaudited group revenue for the most recent financial year of ... ( read original story ...)
Businesses operating in China and Hong Kong ‘complicit’ in ‘evil’ of human rights abuses, says MP
Businesses operating in China and Hong Kong are “complicit” in the evil of human rights violations a senior MP has said today. A new report conducted by the All-Party Parliamentary Group (APPG) on ... ( read original story ...)
Addleshaw Goddard is Latest to Shut Up Shop in Hong Kong, Banking on Singapore
We do not feel that renewing our lease, whilst continuing to hope for a dramatic change in outlook, is something we can economically justify,' the firm's managing partner said. ( read original story ...)
Why a Hong Kong CBDC is coming — for institutions
Central bank digital currencies may be all the rage around the world, but a retail CBDC would not make sense for Hong Kong. Here's why Hong Kong is unique. ( read original story ...)
HSBC Buys back Over 110K Shrs in HK, London Ytd for Over $5.7M
HSBC HOLDINGS (00005.HK) announced that it had repurchased a total of 112,000 shares in London and Hong Kong yesterday (25th), involving a total of approximately HKD5.7008 million. HSBC repurchased 12 ... ( read original story ...)
Nomura leads US$6 million investment in Hong Kong climate tech start-up Allinfra
Allinfra plans to use the funds to scale up its software products and bolster its sales force, while Nomura will help the Hong Kong start-up develop and distribute digital asset products in the ... ( read original story ...)
Hong Kong Cheers NetEase & Kuaishou Results
I saw neither of these traits yesterday in US-listed China internet stocks, which fell despite strong results from Kuaishou and NetEase. Given the exact same information, US investors sold NetEase’s ... ( read original story ...)
Major unions give green light on suggestion to bump Hong Kong civil servants’ pay by as much as a record 7.26 per cent
Lee Fong-chung, chairman of the Hong Kong Senior Government Officers Association ... The government will also consider factors such as public finance, consumer prices, civil service groups' claims and ... ( read original story ...)
Crypto lender Babel Finance valued at $2 billion after latest fundraising
Hong Kong-based Babel Finance said on Wednesday it had raised $80 million in a new funding round that valued the cryptocurrency lender and asset manager at $2 billion. ( read original story ...)