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Tag: finance

Posted on 13/12/2023

Hong Kong professionals should expect salaries to remain static next year, Robert Walters survey finds

Hong Kong professionals should expect salaries to remain static in 2024, with 81 per cent of employers saying increments will be below 6 per cent, according to Robert Walters Group.

Posted on 12/12/2023

JPMorgan to outsource $500B custody business in Hong Kong, Taiwan

JPMorgan Chase is set to outsource the operations of its local custody business in Hong Kong and Taiwan with Citigroup, HSBC and Standard Chartered in the race for the mandate, two sources with ...

Posted on 12/12/2023

Chinese billionaire Wang Jianlin loses control of Hong Kong IPO candidate in deal to avert US$5.3 billion crunch

Chinese billionaire Wang Jianlin will relinquish control of his key shopping-mall management unit under a deal with investors just in time to avoid a 38 billion yuan (US$5.3 billion) redemption before ...

Posted on 12/12/2023

Hong Kong leads Asia markets higher ahead of Fed’s final meeting of 2023

Asian investors will also be watching Japan's corporate inflation rate, which is expected to have slowed to 0.1% from 0.8% in October.

Posted on 12/12/2023

NSE Set to Overtake Hong Kong in Market Cap, Becoming World’s Seventh-Largest Trading Venue: Report

In October, the NSE reported a market capitalisation of $3.7 trillion, compared to Hong Kong's $3.9 trillion, reported Financial Times. While Hong Kong grapples with liquidity issues, India is ...

Posted on 12/12/2023

Hong Kong – Proposal To Enhance The Deposit Protection Scheme To Be Implemented By Early 2025.

Hong Kong - Proposal To Enhance The Deposit Protection Scheme To Be Implemented By Early 2025. Legal News and Analysis - Hong Kong - Banking & Finance - ...

Posted on 12/12/2023

Hong Kong – HKMA’s Supervisory Policy Manual (SPM): CR-S-4 “New Share Subscription And Share Margin Financing”.

CR-S-4 “New Share Subscription And Share Margin Financing”. Legal News and Analysis - Hong Kong - Banking & Finance, Regulatory & Compliance - ...

Posted on 12/12/2023

Two Hong Kong IPOs make end-of-year listing dash

Elsewhere, lithium ion battery manufacturer REPT BATTERO will finalise on Wednesday the pricing for its Hong Kong IPO that is aiming to raise up to HK$2.4 billion ($307.48 million). The three deals ...

Posted on 12/12/2023

India overtakes Hong Kong to become the world’s seventh largest stock market

India has been a standout market this year in the Asia-Pacific region, while Hong Kong is the worst performer among the region’s major equity markets.

Posted on 12/12/2023

Amid economic downturn, Hong Kong is dubbed ‘a relic’ of an international financial center

Hong Kong has had a significant economic downturn over the last three years, correlating with the start of the COVID-19 pandemic and adoption of the Beijing-imposed National Security Law.

Posted on 12/12/2023

The historic decline of the Hong Kong Stock Exchange has closed dozens of brokerage houses

Edmond Hui, Bright Smart Securities: "This wave of closings and layoffs affecting brokerage houses is the most severe we have ever seen"A historic drop of $4.6 trillion in the capitalization of the ...

Posted on 12/12/2023

Hong Kong’s smaller brokers seek support for listings on small-cap GEM board, launch body to lobby government for further reforms

Hong Kong’s beaten down stock market brokers and advisers have formed an association that wants the city’s government to come to the aid of its capital markets amid a free fall in share-trading values ...

Posted on 12/12/2023

Beijing needs to come up with a better strategy to defend Hong Kong’s status as an international financial centre

It would be difficult to find any Chinese household that is financially worse off now than in 1997, as China's per capita GDP has increased 15 times during the period Listed companies are lining up to ...

Posted on 12/12/2023

Hong Kong stocks slip toward 14-month low as China deflation creates ‘value trap’ while Li Ning sinks 14% on asset purchase plan

Stocks lost further traction after a government report showed China’s consumer prices fell last month by the most in three years. That makes Chinese stocks a value trap, according to BCA Research.

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