A former senior Hong Kong police officer who fraudulently obtained HK$6 million (US$770,400) in housing and mortgage loans for a luxury property faces up to seven years in jail after a judge found him ... ( read original story ...)
Goldman Sachs CEO says Hong Kong, China travel curbs to impact talent
Goldman Sachs CEO David Solomon said on Wednesday that he does not expect Hong Kong and China to ease their tight travel restrictions anytime soon and this posed a challenge for staff. "I think there ... ( read original story ...)
Hong Kong banks face deadlines to migrate US$205 billion of contracts tied to scandal-ridden Libor with no alternative rates in place
Hong Kong banks must step up efforts to migrate legacy contracts tied to the scandal-ridden London Interbank Offered Rate (Libor) benchmark as more than HK$1.6 trillion (US$205 billion) of assets, ... ( read original story ...)
‘After all it’s a very big bank’, Hong Kong exempts Jamie Dimon from quarantine
Hong Kongs leader on Tuesday defended allowing the head of JP Morgan Chase to skip a three-week Covid-19 quarantine imposed on most other visitors, saying he worked for a very big bank, Channel News A ... ( read original story ...)
NetEase’s Cloud Village restarts Hong Kong IPO
Online music streaming service Cloud Village has revived its Hong Kong listing, having put the deal on hold mid-summer as markets roiled amid Beijing’s crackdown on the technology sector. The ... ( read original story ...)
Chinese tech giant NetEase revives Hong Kong IPO of its music streaming arm
Cloud Village runs NetEase's music streaming business and the company says it has 185 million monthly active users. ( read original story ...)
China Roundup: NetEase’s music streaming app revives IPO plan, and more
Cloud Village, the music streaming unit of gaming firm NetEase, has resubmitted its initial public offering prospectus to the Hong Kong Stock Exchange, after it paused its listing process in August. ( read original story ...)
HSBC appoints global CEO of HSBC Life
Greg Hingston was the former wealth and personal banking head in Hong Kong. HSBC has appointed Greg Hingston as the global CEO of HSBC Life and Insurance Partnerships. He succeeds Bryce Johns, who has ... ( read original story ...)
Foodpanda Hong Kong, couriers to resume talks over minimum pay on Thursday after 7-hour dialogue ends in deadlock
Foodpanda Hong Kong says it has ‘proactively proposed a few solutions’ in response to fleet’s demands, but refuses to set minimum pay per order. ( read original story ...)
Hong Kong Bourse Has Another Green Light For Wednesday
The Hong Kong stock market has moved higher in six straight sessions, advancing almost 950 points or 3.9 percent along the way. The Hang Seng Index now rests just above the 25,710-point plateau and it ... ( read original story ...)
‘It Is a Very Large Bank’—Hong Kong Defends Letting Jamie Dimon Skip Quarantine
A whirlwind visit by JPMorgan’s chief executive came just after the city tightened its Covid-19 restrictions ... ( read original story ...)
Chinese produce startup Meicai reportedly prepares for Hong Kong IPO
Meicai, a Chinese app that supplies farm produce to restaurants, has picked China International Capital Corp., Citigroup Inc., and Nomura Holdings Inc. to help it prepare for an initial public ... ( read original story ...)
Hong Kong quarantines 130 pilots, stoking supply chain fears
Move comes as the international financial centre’s strict “zero COVID” faces criticism from business community. ( read original story ...)
Hong Kong Defends Allowing JPMorgan’s Dimon to Skip Quarantine
Hong Kong let JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon skip the city’s 21-day hotel quarantine because of the size of the bank’s operations in the Asian financial hub, saying his trip ... ( read original story ...)