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Tag: finance

Posted on 24/05/2023

Alibaba Cloud to cut 7 per cent of staff, sending thousands of workers packing ahead of planned IPO

Alibaba’s cloud division is downsizing as it prepares to go public amid economic headwinds that pushed revenue down 2 per cent in the first quarter.

Posted on 24/05/2023

Exclusive: HSBC puts global footprint under fresh scrutiny, considers dozen exits

HSBC is reviewing a possible exit from as many as a dozen countries, or one in five of the markets it operates in, to sharpen its focus on Asian expansion, Chief Financial Officer Georges Elhedery ...

Posted on 24/05/2023

Hong Kong’s Cryptocurrency Guidelines – Reinforcing Financial Hub Status Amidst Challenges

Hong Kong's cryptocurrency guidelines are attempting to restore the financial hub status of the region by becoming more progressive.

Posted on 24/05/2023

HSBC and 4 other banks broke UK competition law with bond-trading communications: regulator

"HSBC refutes the CMA's allegations," a spokesperson for HSBC, the largest of Hong Kong's three currency-issuing banks, said. "We will continue to make our case to the CMA as appropriate whilst we ...

Posted on 24/05/2023

Exclusive-Asia-Focused HSBC Puts 12 Countries on Exit Watchlist

HSBC is reviewing a possible exit from as many as 1 in 5 of the countries the lender operates in to sharpen its focus on Asian expansion, Chief Financial Officer Georges Elhedery told Reuters in his ...

Posted on 24/05/2023

Hong Kong’s trade frenzy begins! Discover the potentially eligible tokens

Hong Kong has allowed retail investors to trade crypto under its new rulebook for the sector, accelerating efforts to develop a digital-asset center even as the industry and regulators clash in other ...

Posted on 24/05/2023

Impact investing: profit-seeking ESG investments gain traction in Hong Kong as sustainability issues grab attention

Hong Kong can leverage its vibrant ecosystem for global family offices and asset owners and become a hub for impact investing, estimated at US$1.16 trillion globally, as sustainability awareness ...

Posted on 24/05/2023

Hong Kong’s ZA Bank floats virtual asset trading services

The virtual bank also mulls launching US stock trading services in due course. Hong Kong’s ZA Bank shared plans to introduce virtual asset trading services for retail investors in the near future. The ...

Posted on 24/05/2023

Hong Kong Unveils Crypto Rulebook: Will Allow Retail Trading

Hong Kong’s securities watchdog has concluded its consultation paper on the proposed regulatory regime for crypto trading platforms. Under its new rulebook, the city-state will allow retail investors ...

Posted on 24/05/2023

HSBC, HKEX and Telstra emerge as Hong Kong’s most attractive employers 2023

For two consecutive years, ‘good work-life balance’ has been the most important employee value proposition (EVP) factor for Hong Kong employees.

Posted on 24/05/2023

Hong Kong Tackles a Talent Crunch for the ‘Hardest Position to Fill’ in Crypto

Hong Kong, which is preparing to introduce a new regime for trading digital assets, is responding to concerns raised by industry players about the shortage of a crucial type of worker. In conclusions ...

Posted on 24/05/2023

Hong Kong Shares Poised To Open Under Pressure

The Hong Kong stock market has alternated between positive and negative finishes through the last five trading days since the end of the two-day winning streak in which it had jumped more than 350 ...

Posted on 24/05/2023

Beijing-based Commerce & Finance Adds Ex-Norton Rose Corporate Finance Partner In Hong Kong

Terence Lau, who was previously a partner at Norton Rose Fulbright and at Hogan Lovells, has joined the Hong Kong office of Chinese firm Commerce & Finance Law Offices.

Posted on 24/05/2023

Japan stocks snap seven-day winning streak as Hong Kong sinks to 2-month low

Hong Kong's Hang Seng index reversed earlier gains and to sink ... Refinitiv data showed banks led losses on the index, with the Industrial and Commercial Bank of China down by 2.76% and incurring the ...

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