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Tag: finance

Posted on 04/08/2023

Hong Kong police arrest woman on suspicion of scamming pedestrians out of HK$20,000 in 14 cases

Suspect tells victim she needs money to take her child to doctor and then uses bogus bank transfer records to make them think she has paid them back Woman, 28, linked to 14 reports of street deception ...

Posted on 04/08/2023

Hong Kong stocks post early gains as Beijing pledges private sector support, Goldman sees China rally

Hong Kong stocks jumped in early trade after China’s central bank pledged more supports for the private sector while Goldman Sach’s upbeat assessment also lifted sentiment.

Posted on 04/08/2023

Average annual salary for Hong Kong fresh graduates at HK$300,000, 7.8 per cent jump from 2021

Hong Kong fresh graduates are making HK$300,000 (US$38,400) a year on average, a 7.8 per cent increase from 2021, according to data from the city’s eight publicly funded universities.

Posted on 04/08/2023

HashKey Acquires License to Offer Crypto Trading in Hong Kong

HashKey has become the first crypto exchange to secure a license to provide retail trading services in Hong Kong under the city’s newly-launched cryptocurrency regulations. Hong Kong’s efforts to ...

Posted on 03/08/2023

Hong Kong stocks suffer from overheated bull run as JD.com, Xpeng tumble while HSBC gains on earnings beat

Gains in some of the favourite stocks in Hong Kong showed technical signs of exhaustion, putting the market on alert for a possible reversal. HSBC advanced after its second-quarter earnings beat ...

Posted on 03/08/2023

HSBC Buys Back Nearly 3.96M Shrs for Over $250M Ytd

HSBC HOLDINGS (00005.HK) announced that it repurchased a total of 3.9569 million shares in the UK and Hong Kong markets yesterday (25th), involving a total of more than HK$250 mill... HSBC HOLDINGS ...

Posted on 03/08/2023

Hong Kong’s New Crypto Regime Awards First Exchange License to HashKey

The first license under Hong Kong’s new crypto regime went to HashKey Exchange, legalizing the retail trading of tokens in the city as officials seek to foster a global hub for the digital-asset ...

Posted on 03/08/2023

Hong Kong Financial-Services Firm Vittoria Files for U.S. IPO

By Colin Kellaher Hong Kong-based financial-services provider Vittoria Ltd. on Wednesday filed with the U.S. Securities and Exchange Commission for ...

Posted on 02/08/2023

How Hong Kong can take its place as the Asian century’s financial linchpin

If Hong Kong is to make the most of the opportunities inherent in this shift, it needs to raise its profile. Just as London evolved into a global financial capital to support the Industrial Revolution ...

Posted on 02/08/2023

Hong Kong microfinance platform Micro Connect raises US$458 million from investors

Hong Kong-based microfinance platform Micro Connect, co-founded by former Hong Kong Exchange CEO Charles Li, on Wednesday (Aug 2) said it has raised US$458 million from new and existing investors.

Posted on 02/08/2023

Hong Kong stocks retreat after China’s weak housing data; regional markets subdued as Fitch downgrades US rating

Hong Kong stocks were dealt a setback by downbeat China housing data published overnight with the overall regional sentiment dampened by Fitch’s downgrade of the US sovereign rating.

Posted on 02/08/2023

Hong Kong Office Rent Collapse Triggers Wave of Upgrades

At an industrial-styled office unit in Hong Kong, employees of events company Hybrid Group are enjoying the perks of their new workplace — three times the floor space, a wet pantry, and natural ...

Posted on 02/08/2023

In-depth: Exploring Hong Kong and Indonesia’s strategic potential

From Indonesia’s resource-rich, onshore EV supply chain, to Hong Kong’s suite of sophisticated primary market products, experts assess the opportunity on offer to both regions’ capital markets, ...

Posted on 02/08/2023

HSBC Holdings plc: HSBC Earnings: Good Cost Control; We Raise Fair Value of Hong Kong-Listed Shares Slightly

Established in 1865 in Hong Kong, London-based HSBC is one of the largest banks in the world, with assets of USD 3 trillion and 40 million customers worldwide. It operates across 64 countries with ...

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