Local stocks trade lower as investors shun banks and property developers before the Fed and HKMA deliver their policy decisions later this week. BYD and JD.com lead losses within their sectors.
Chinese AI Company on U.S. Export Blacklist Launches IPO
A Chinese artificial-intelligence company on a U.S. export blacklist has started its initial public offering in Hong Kong. Beijing Fourth Paradigm Technology, which offers AI software for businesses, ...
Crypto firms cannot claim to be banks says Hong Kong SFC
Hong Kong's financial watchdog, the Securities and Futures Commission, has issued a stern warning that Crypto firms cannot claim to be banks.
Crypto Firms Mislead Public With ‘Bank’ Claims, Hong Kong Central Bank Warns
The Hong Kong Monetary Authority (HKMA) has issued a stern warning to cryptocurrency firms against using the term "bank" or describing their products as "deposits." ...
Hong Kong’s latest retail green bond offering receives ‘positive’ response in low interest rate environment
The notes, with a tenor of three years, will make an interest payment every six months and guarantee a minimum payment of 4.75 per cent, higher than last year's 2.5 per cent Locking in guaranteed ...
A crypto influencer was arrested in Hong Kong for a potential $128 million fraud involving 1,400 people
Police arrested Joseph Lam and five others on Monday for "conspiracy to defraud" investors, and nearly HK$1 billion could be involved.
Hong Kong influencer Joseph Lam arrested amid JPEX cryptocurrency investigation involving HK$34 million in assets
Hong Kong police have arrested influencer Joseph Lam Chok in connection with cryptocurrency trading platform JPEX, which is at the centre of an investigation by the force and the city’s financial ...
Mainland Markets Rise As Hong Kong Shorts Press Their Bets
Asian equities had a rough start to the week except for Mainland China, which outperformed the region while Japan was closed for the “Respect for the Aged Day” holiday.
7 in 10 Hongkongers expect to work after retirement, as savings will not suffice to provide quality of life: HSBC survey
Hong Kong people believe they need US$1.1 million to retire comfortably, but they face a shortfall of US$815,000, HSBC survey says Yet Hongkongers are less likely than their peers in other places ...
Hong Kong home prices seen falling by 5 per cent after 7 major lenders including HSBC, Standard Chartered set to increase mortgage rates
Hong Kong home prices are expected to fall by up to 5 per cent by the end of this year, analysts say, after seven major lenders said they will raise their mortgage rates as early as Monday. HSBC, ...
JPEX-Crypto Platform to suspend trades on Monday amid investigation in Hong Kong
Police have received at least 83 complaints related to platform, involving virtual assets worth about HK$34 million.
Hong Kong Warns Crypto Firms Against Using Banking Terms
The Hong Kong Monetary Authority (HKMA) has warned the public about cryptocurrency companies that pose as banks and use banking terminology.
Hang Seng names new head of commercial banking
Hang Seng Bank appointed Regina Lee as head of commercial banking and a member of the Executive Committee, effective 14 October. Regina will take over from Donald Lam, the current Head of Commercial ...
StanChart HK inks MOU to promote business, dev’t between HK and Dubai
This include promoting the growth of family offices, fintechs, and virtual asset industries. Standard Chartered Bank Hong Kong has inked a memorandum of understanding (MOU) with the Dubai Department ...