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Tag: finance

Posted on 16/09/2023

Hong Kong Steps Up Crypto Regulation with Warnings to Imitation Banks – Here’s What You Need to Know

The Hong Kong Monetary Authority warns crypto companies against using the term "bank," as it misleads the public. Learn about Hong Kong's crypto regulation efforts.

Posted on 15/09/2023

Hong Kong regulator warns JPEX exchange over illegal operations

Hong Kong’s journey toward becoming a regional cryptocurrency hub has hit a regulatory roadblock as its top financial watchdog, the Securities and Futures Commission (SFC), issues a stern warning ...

Posted on 15/09/2023

Dubai and Hong Kong Signs Memorandum of Understanding To Promote Financial Cooperation, Including Virtual Assets

The MoU will facilitate policy communication between the two cities to explore development in family offices, fintech, green and sustainable finance.

Posted on 15/09/2023

Opening Hong Kong Bank Accounts Is Getting Harder For Mainlanders

The Hong Kong Monetary Authority followed the United States Federal Reserve's move and hiked interest rates to between 5.25 percent and 5.5 percent. Local banks have interest rates on fixed-term ...

Posted on 15/09/2023

US Treasury Official Visits Hong Kong in Bid to Deepen Ties With China

HONG KONG (Reuters) - U.S. Treasury official Brent Neiman visited Hong Kong on Thursday, the highest ranking Treasury official to visit the financial hub since 2019, U.S. authorities said, as ...

Posted on 14/09/2023

Richard Li-backed insurer FWD postpones Hong Kong IPO plan for second time amid stock-market doldrums

FWD Group Holdings, the Hong Kong-based insurer backed by billionaire Richard Li Tzar-kai, has decided to postpone its Hong Kong initial public offering (IPO) for the second time due to ongoing market volatility.

Posted on 14/09/2023

Dubai and Hong Kong establish corridor to promote family offices, fintech and green finance

The governments of Dubai and Hong Kong have signed an agreement to establish an economic corridor for promoting cross border trading, family offices, fintech and green finance, according to a ...

Posted on 14/09/2023

Australian lender NAB to close Hong Kong office

National Australia Bank (NAB) said on Thursday it would shut its Hong Kong branch, as offices in Singapore, Tokyo and Shanghai were its preferred customer outreach hubs in Asia.

Posted on 14/09/2023

NAB to close HK operations in 2025; Westpac updates institutional banking priorities

NAB will close its Hong Kong operations in the first half of 2025, as part of a restructuring of its markets business and a reshaping of its regional strategy.

Posted on 14/09/2023

No Help Yet For Oversold Hang Seng

The Hong Kong stock market has moved lower in seven straight sessions, tumbling more than 835 points or 4.7 percent along the way.

Posted on 14/09/2023

Hong Kong Shuts Schools as Heavy Rain Inundates Finance Hub

Hong Kong closed schools and braced for potential flooding as torrential downpours swept through the finance hub, which has experienced repeated bouts of extreme weather this month.Most Read from Bloo ...

Posted on 14/09/2023

National Australia Bank Will Shut Its Hong Kong Office

National Australia Bank Ltd. is planning to close its Hong Kong office and consolidate operations into mainland China, Singapore and Japan.

Posted on 14/09/2023

UPDATE 1-Australian lender NAB to close Hong Kong office

National Australia Bank (NAB) said on Thursday it would shut its Hong Kong branch, as offices in Singapore, Tokyo and Shanghai were its preferred customer outreach hubs in Asia.

Posted on 14/09/2023

Tencent-Backed Tuhu Car Plans Hong Kong IPO

Tencent-backed Tuhu Car plans to raise up to $160.89 million through an initial public offering in Hong Kong.

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