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Tag: finance

Posted on 27/12/2023

Digital Banking: Hong Kong’s Mox Bank “Redefines” Savings by Offering Instant Asia Miles with Time Deposit

Mox Bank Limited announced that customers can now earn Asia Miles instantly upon placing a Time Deposit "without waiting until maturity." ...

Posted on 27/12/2023

Hong Kong stocks recover as Tencent, NetEase recoup part of US$63 billion sell-off while new China report aids sentiment

Stocks recover as the sell-off in Tencent and NetEase on Friday attracts buyers while Beijing softens its regulatory tone on the gaming industry. A better than expected report on industrial profits ...

Posted on 27/12/2023

Hong Kong Nov home prices drop for the 7th month

Hong Kong private home prices in November fell for the seventh month in a row to their lowest since February 2017, official data showed on Wednesday, continued to be hurt by weak buying sentiment amid ...

Posted on 27/12/2023

Hong Kong takes the lead as Asia’s crypto hub in 2023— here’s why

Hong Kong has solidified its position as a burgeoning hub for cryptocurrency and Web3 innovation in a noteworthy move. It is important to know that June marked the initiation of the city’s official ...

Posted on 27/12/2023

Hong Kong prepares for retail access to spot cryptocurrency exchange-traded funds, boosting city’s virtual-asset hub ambitions

This initiative shows Hong Kong policymakers’ determination to rebuild investor confidence in virtual assets, following a number of major financial scandals involving cryptocurrencies.

Posted on 27/12/2023

Singapore surpasses Hong Kong in wealth rankings, demonstrating that country size doesn’t dictate wealth

Critics argue that economic output alone fails to capture a nation's well-being and that the decisive factor for its wealth lies in its purchasing power parity (PPP) ...

Posted on 26/12/2023

ZA Bank leads Hong Kong’s Web3 revolution with over 80 crypto partnerships

Hong Kong-based ZA Bank has solidified its commitment to the Web3 ecosystem, providing support to over 80 web3 companies. The digital-only bank, known for its innovative approach, is making ...

Posted on 26/12/2023

Survey Reveals 75% of Hong Kong’s Virtual Asset Investors Chase Short-Term Returns

The majority of Hong Kong's virtual asset investors chase short-term returns, embrace crypto as an investment trend, and fear missing opportunities.

Posted on 25/12/2023

HSBC HOLDINGS Buys back 6.35M+ Shrs for HKD388M Ytd

HSBC HOLDINGS (00005.HK) announced that it repurchased more than 6.3528 million shares of the company in total yesterday (20th) in the UK and Hong Kong markets, involving a total o... HSBC HOLDINGS ...

Posted on 25/12/2023

Hong Kong’s ZA Bank To Transform Web3 Realm With Innovative Fund Savings Initiatives

ZA Bank pioneers financial revolution, offering groundbreaking fund savings, expanding reach, and venturing into the Web3 realm in Hong Kong.

Posted on 25/12/2023

Hong Kong banks face record fines for naked short selling

Another bank, reportedly HSBC Hong Kong, ordered 16 billion won of short sales for nine listed stocks, including Hotel Shilla, between August 2021 and December the same year. A local securities firm ...

Posted on 25/12/2023

Hong Kong IPOs: Cainiao, Midea, JD Industrials, SF Holding and Movoi hotly anticipated by the market

A total of 42 companies raised US$3.13 billion on the main board of the Hong Kong stock exchange in the first nine months, according to financial data provider Refinitiv. The fourth quarter has not ...

Posted on 24/12/2023

CITIC Bank Int’l Completes 1st IPO Receiving Bank Project via FINI

CITIC Bank International assisted in the successful listing of REPT BATTERO (00666.HK) +0.040 (+0.219%) and contributed to the digitization of the IPO clearing process in Hong Kong. (HK stocks quote ...

Posted on 24/12/2023

Hong Kong stands ready to cooperate with Laos on yuan trading and green financing

VIENTIANE (Laotian Times): Hong Kong has identified three areas for cooperation with Laos and Vietnam during the Secretary for Financial Services and the Treasury’s visit to the Vientiane recently.

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