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Tag: finance

Posted on 12/01/2023

Hong Kong lawyer duped out of HK$5.7 million by phone scammers pretending to be mainland Chinese police, telecoms worker

A Hong Kong lawyer has become the latest victim of a phone scam after a swindler impersonating a mainland Chinese police officer duped her out of nearly HK$5.7 million (US$730,769) over two months.

Posted on 12/01/2023

Hong Kong’s IPO Market Is Poised For A Return To Form

After a bleak first half of 2022, Hong Kong’s IPO market regained momentum in the second half of the year. Refinitiv data show that 75 listings raised US$12.69 billion. To be sure, it was a weaker ...

Posted on 12/01/2023

2023 will be a ‘much better’ year for Hong Kong’s economy than 2022, says finance secretary

Paul Chan, Hong Kong's finance secretary, discusses the city's economic outlook in the context of factors such as mainland China's reopening.

Posted on 12/01/2023

Financial stability a priority for Hong Kong: finance secretary

Chan expects more support from mainland China as the latter’s economy recovers. Hong Kong places priority in maintaining its financial stability amidst ongoing challenges in the external environment, ...

Posted on 12/01/2023

Goldman Sachs lays off 16 private banking staff across Hong Kong, Singapore and China offices: Source

NEW YORK/LONDON/HONG KONG - Goldman Sachs began laying off staff on Wednesday (Jan 11) in a sweeping cost-cutting drive, with around a third of those affected coming from the investment banking and ...

Posted on 12/01/2023

Founder of Chinese energy firm Hanergy Li Hejun reportedly detained by police

Li has previously been banned from acting as a director in Hong Kong after a 2015 share price crash where his company lost almost half its value in minutes.

Posted on 12/01/2023

Hong Kong crypto exchanges to follow same laws as traditional finance

Hong Kong has passed a new licensing regime on for crypto exchanges that will subject providers to the same legislation and rules as traditional finance.

Posted on 12/01/2023

Hong Kong to Propose Approved Set of Crypto Tokens for Retail Trading: Reuters

Join the most important conversation in crypto and Web3 taking place in Austin, Texas, April 26-28. Hong Kong's Securities and Futures Commission (SFC) will allow retail trading in a select group of ...

Posted on 12/01/2023

Goldman job cuts hit investment banking, global markets hard -source

Goldman Sachs began laying off staff on Wednesday in a sweeping cost-cutting drive, with around a third of those affected coming from the investment banking and global markets division, a source ...

Posted on 11/01/2023

Hong Kong IPO bankers hope for better in 2023

Initial public offerings by Chinese firms are Hong Kong’s lifeblood, yet they were rarer than hen’s teeth in 2022. For deal flow to return, China must open up. Buckle up: things could get bumpy.

Posted on 11/01/2023

Virtual assets: Hong Kong retail investors will only have access to ‘highly liquid’ products, SFC’s new boss Julia Leung says

A consultation paper on virtual assets will be issued in this quarter and new licensing rules for virtual assets platforms will come into effect in June, Julia Leung said The SFC will also work with ...

Posted on 11/01/2023

Coronavirus: Hong Kong will return to normality quickly but safely, city leader John Lee says at regional financial forum

Rest assured, we’ll go fast in a safe and orderly manner towards our shared goal of everything resuming as normal,’ city leader tells attendees at Asian Financial Forum.

Posted on 11/01/2023

HSBC’s Tucker Sees Strong Recovery in HK, Big Push for India

HSBC Holdings Plc’s Chairman Mark Tucker sees a significant boost to the global economy and a rebound in Hong Kong from China’s reopening.

Posted on 11/01/2023

In the News: Treasury Bond Futures Opening-Up; Crypto Investment; and More Flexible Pay Options for Hong Kong-Based Arbitrators

China opens treasury bond futures to foreign bank; no protection for crypto investment; and ORFS bring Hong Kong in line with other major arbitration centers ...

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