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Tag: finance

Posted on 12/07/2023

Hang Seng Drives Bank Innovation with Launch of ‘Future Banking’ Service Concept

Hang Seng Bank ('Hang Seng') today (12 July 2023) unveiled its innovative 'Future Banking' service concept at a new branch in Festival Walk. The opening saw the launch of three 'first-in-market' ...

Posted on 12/07/2023

HSBC May Acquire 31% Stake in HSBC Jintrust from Shanxi Trust: Report

HSBC HOLDINGS (00005.HK), as suggested by media reports, is planning to expand its mainland China business. Shanxi Trust, which holds a 51% stake in the joint venture company HSBC ... HSBC HOLDINGS ...

Posted on 12/07/2023

Hong Kong shares up on credit data surprise; China stocks slip

HONG KONG: Hong Kong stocks rose on Wednesday as stronger-than-expected credit figures in June partially lifted sentiment, though Chinese stocks edged down as investors waited for a bigger stimulus. * ...

Posted on 12/07/2023

Alibaba, Xpeng drive best winning run in Hong Kong in a month amid stimulus bets as Beijing signals growth concerns

Local stock benchmark advances for a third day, the longest winning streak in a month as Chinese tech firms rally. Beijing calls for a wider economic reopening, signalling concerns about the nation’s ...

Posted on 12/07/2023

Wall Street rises on inflation, banking hopes

US stocks rose on Tuesday, helped by optimism ahead of key inflation reports and as JPMorgan and other financial shares gained before earnings later ...

Posted on 12/07/2023

Japanese Companies Go on Buying Spree in Europe; Top Law Firms Act On Hong Kong-based PE Fund’s Billion-dollar Acquisition in US

In this edition, Law.com International notes how U.K. and European law firms have been benefiting as Japanese companies acquire assets in Europe, and writes about how multiple U.S. law firms have ...

Posted on 11/07/2023

Family of Hong Kong pro-democracy activist Nathan Law taken in for questioning by police

Hong Kong police searched the family home of exiled pro-democracy activist Nathan Law on Tuesday morning, taking relatives away for questioning, the city’s public broadcaster RTHK reported, citing ...

Posted on 11/07/2023

Hong Kong Monetary Authority announces ‘orderly exit’ from coronavirus-era loan repayment holiday for small businesses

Six-month scheme, which was extended six times, helped thousands of companies withstand the slump brought on by the coronavirus pandemic Participation declined to 1 per cent of eligible companies, or ...

Posted on 11/07/2023

China’s biggest online fitness platform Keep to list in Hong Kong after two failed IPO attempts

SoftBank-backed Chinese fitness platform raises US$40 million from the sale of 10.84 million shares on the Hong Kong stock exchange The Beijing-based company attempted to list in February and ...

Posted on 11/07/2023

‘Unacceptable’: Hong Kong’s small auditors are cutting corners, threatening to undermine city’s finance hub status, says accounting watchdog

Their attitude in compromising audit quality either by impaired objectivity or by cutting corners is unacceptable,' says regulator's head of inspection Edmund Wong, a lawmaker for the sector, said ...

Posted on 11/07/2023

Hong Kong justice chief lodges professional misconduct complaints against two activist lawyers on police wanted list

Secretary for Justice Paul Lam reports barrister Dennis Kwok and solicitor Kevin Yam to their governing bodies over national security allegations ...

Posted on 11/07/2023

Hong Kong govt pressures banking giants to accept crypto clients: Report – Cointelegraph

Hong Kong’s central bank reportedly asked major banks — including HSBC, Standard Chartered and Bank of China — why they aren’t accepting crypto exchanges as clients. The Hong Kong Monetary Authority ...

Posted on 11/07/2023

Singapore-based medical firm Genesis MedTech weighs up to US$500 million HK IPO: sources

GENESIS MedTech Group, a medical device company, has selected advisers for a potential initial public offering (IPO) in Hong Kong, according to people familiar with the matter. Read more at The ...

Posted on 11/07/2023

Medical Firm Genesis MedTech Weighs Up to $500 Million HK IPO, Sources Say

Genesis MedTech Group, a medical device company, has selected advisers for a potential initial public offering in Hong Kong, according to people familiar with the matter.Most Read from BloombergTurkey ...

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