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Tag: finance

Posted on 22/05/2024

HANG SENG BANK Repurchases 300K Shrs for $34.04M

HANG SENG BANK (00011.HK) disclosed in its statement that it repurchased 300,000 shares of the company on the Stock Exchange of Hong Kong at $111.5-114.2 per share on 21 May, involving about $34.04 ...

Posted on 22/05/2024

Hong Kong Monetary Authority steps up e-CNY pilot

In order to help residents use the currency in Hong Kong, the HKMA has linked the digital currency with the Faster Payment System. In addition, corporate use cases for cross-boundary trade settlement ...

Posted on 21/05/2024

Hong Kong Introduces Digital Yuan Wallets Through Mainland Banks

In the initial rollout, residents of Hong Kong will have the opportunity to open digital yuan wallets through four major mainland banks: the Industrial and Commercial Bank, Bank of China, Construction ...

Posted on 21/05/2024

Hong Kong’s property market rebound is bittersweet pill for homebuyers as attainability measures seen weakening

Hong Kong’s efforts to shore up property prices are bad news for residents seeking to own their first homes in the city. It may take longer to attain the target.

Posted on 21/05/2024

Hong Kong herbalist cheated of HK$5 million by scammers impersonating legal experts after falling to click farming con

Victim cheated of over HK$5 million to scammers impersonating legal experts who said they would help him recover HK$1.17 million lost in earlier click farming con.

Posted on 21/05/2024

HANG SENG BANK Buys back 300K Shrs for $33.98M

HANG SENG BANK (00011.HK) disclosed in its statement that it repurchased 300,000 shares of the company on the Stock Exchange of Hong Kong at $111.5-114.4 per share on 20 May, involving about $33.98 ...

Posted on 21/05/2024

China’s dual-listed companies’ shares show Hong Kong discount over yuan counterparts at 15-month lows

Hong Kong-traded shares of Chinese dual-listed companies are at their smallest discounts to their counterparts on the mainland in 15 months as global investors pile in after Beijing launches measures ...

Posted on 21/05/2024

HSBC SVNS: Hong Kong’s bid to join world rugby sevens elite thwarted in last play of game, but China’s women have chance

City's men's team suffer consecutive last-ditch blows in the qualifying pathway to rugby sevens' top tier, extinguishing world series hopes for another year Uruguay men claim Challenger series title ...

Posted on 21/05/2024

No delay to Hong Kong’s plan to allow stock market to stay open in typhoons, treasury secretary says

The financial services secretary, Christopher Hui Ching-yu, has denied media reports that a major stock market reform that would see trading continue as normal during typhoons and torrential rains has ...

Posted on 20/05/2024

China Market Update: Hong Kong & Mainland China Climb The Great Wall Of Skepticism

Asian equities were largely higher despite the US dollar’s strength overnight though India was on holiday for election day.

Posted on 20/05/2024

Managing director of major mainland Chinese bank in Hong Kong sued by ex-employee for alleged sexual harassment

District Court writ claims woman banking high-flyer, hired from overseas, was assigned to a lesser role after she spurned managing director Alan Lai’s advances.

Posted on 20/05/2024

Beijing’s oppressive rule turned the tables for Hong Kong

Then Beijing went for changing the electoral system inviting huge protests. On April 29, 2024, the Hong Kong-based South China Morning Post wrote: “Chinese consumers are increasing their appetite for ...

Posted on 20/05/2024

Hong Kong retailers to accept digital yuan as e-CNY pilot expands

CNY would offer a secure and convenient method for residents of Hong Kong and the Mainland to conduct retail transactions across borders. As part of the expanded pilot program, he noted that Hong Kong ...

Posted on 20/05/2024

Chan Ka-keung Thinks Conditions for Launching IPO Connect are Not Present Yet

This is because IPO Connect would involve the regulatory regimes of both Hong Kong and the Mainland, which are quite different at present. Related News G Sachs: Potential Div. Tax Cut Strongly Bullish ...

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