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Tag: finance

Posted on 11/05/2023

How phone fraudsters tried to trick an SCMP reporter into giving up her Hong Kong bank details with lure of easy money

Reporter Rachel Yeo responds to stranger's WhatsApp message offering freelance work 'optimising apps' After crediting small amount, 'Lina' explains how no skills needed to earn as much as HK$1,500 in ...

Posted on 11/05/2023

Hong Kong lawmakers ask HKMA to seek more support from banks after SMEs see trimmed credit lines, tougher collateral requirements

Banks are 'taking away your umbrella during heavy rain', commerce sector lawmaker Jeffrey Lam Kin-fung tells Legislative Council meeting HKMA will encourage lenders to try their best to support SMEs, ...

Posted on 11/05/2023

HSBC gains assets from Credit Suisse clients

HSBC Holdings Plc says it’s picking up clients and staff from Credit Suisse Group AG following the Swiss bank’s hastily-arranged takeover by rival UBS Group AG.

Posted on 11/05/2023

House Republicans allege Biden family members received millions in payments from foreign entities in new bank records report

House Oversight Chairman James Comer laid out new details to support allegations that members of Joe Biden's family including his son Hunter received millions of dollars in payments from foreign ...

Posted on 10/05/2023

Alibaba’s $20 Billion Logistics Wing Looking at IPO

Alibaba may be spinning out its logistics arm in an initial public offering (IPO) that could raise as much as $2 billion. Cainiao Network Technology plans to raise the funds in a listing in Hong Kong ...

Posted on 10/05/2023

Hong Kong passes tax concession bill to woo global family offices

Hong Kong passed a long-anticipated tax concession bill on Wednesday, offering a tax exemption for eligible family offices, as the city tries to restore its regional financial hub status while ...

Posted on 10/05/2023

Chinese ChatGPT rival Mobvoi picks banks for US$300 million Hong Kong IPO, sources say

Mobvoi, a Chinese artificial intelligence company and smart device maker has selected banks for a Hong Kong initial public offering that could raise about US$200 million to US$300 million, according ...

Posted on 10/05/2023

Chinese ChatGPT Rival Mobvoi Picks Banks for $300 Million Hong Kong IPO, Sources Say

Mobvoi, a Chinese artificial intelligence company and smart device maker, has selected banks for a Hong Kong initial public offering that could raise about $200 million to $300 million, according to ...

Posted on 10/05/2023

HSBC Gains Assets From Former Credit Suisse Clients in Asia

HSBC Holdings Plc said it’s picking up clients and staff from Credit Suisse Group AG following the Swiss bank’s hastily-arranged takeover by rival UBS Group AG.

Posted on 10/05/2023

Wealth Summit Latest: HSBC Expanding Business in Asia, London

The Bloomberg Wealth Asia summit returns to Hong Kong after a three-year break, bringing together the region’s leading investors, economists and money managers.Most Read from BloombergPowell’s Bet ...

Posted on 09/05/2023

Ant Group reportedly mulls selling stake in its HK virtual bank unit

Ant Group, Ant Bank (Hong Kong)'s parent company is reportedly mulling to sell a stake in its virtual banking unit in Hong Kong after it overhauls operations. People familiar with the matter told ...

Posted on 09/05/2023

HSBC reaches deal to buy out China fund partner, Reuters reports

A spokesperson for HSBC in Hong Kong declined to comment. Representatives for Shanghai-headquartered HSBC Jintrust and Shanxi Trust did not immediately respond to a request for comment. It was not ...

Posted on 09/05/2023

Wealth Summit Latest: Hong Kong’s Property Market Is Rebounding

The Bloomberg Wealth Asia summit returns to Hong Kong after a three-year break, bringing together the region’s leading investors, economists and money managers.

Posted on 09/05/2023

How US-China decoupling makes Hong Kong a prime go-between to ease economic rifts with West

Special administration region seen uniquely positioned to serve as dialogue nexus that could help prevent economic fragmentation from devolving into bigger conflict City's financial secretary warns ...

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