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Tag: finance

Posted on 22/06/2021

Bitcoin recoups some losses in Asia after plunging on Chinese crackdown

Bitcoin BTC=BTSP regained some ground on Tuesday, a day after touching a two-week low after China's central bank reaffirmed a crackdown on cryptocurrencies and restricted trading channels for Chinese ... ( read original story ...)

Posted on 22/06/2021

Bitcoin steadies in Asia trading after Monday’s plunge

Bitcoin stabilised in Asian trading on Tuesday morning a day after a statement from China's central bank reaffirming the ongoing crackdown on cryptocurrencies in the country sent the world's largest ... ( read original story ...)

Posted on 22/06/2021

Taiwan to keep up some Hong Kong services despite one-China work visa row

Chiu Tai-san, head of the Mainland Affairs Council, said that instead of closing its operations in the city, Taiwan would keep some of its services going, including those related to travel, ... ( read original story ...)

Posted on 22/06/2021

HSBC: The Bank That Supports the Chinese Dictatorship

Solidarity protests in support of democracy struggle in China and Hong Kong Solidarity Against Repression in China and Hong Kong HSBC is the focus of protests internationally because it cooperates ... ( read original story ...)

Posted on 22/06/2021

HSBC, StanChart Eye $460 Million Fee Windfall on New China Link

Global banks including HSBC Holdings Plc and Standard Chartered Plc are ramping up hiring to tap into China’s latest market opening -- a new investment link with Hong Kong that could yield almost $500 ... ( read original story ...)

Posted on 22/06/2021

Final edition of Hong Kong’s Apple Daily could come on Saturday

Board of directors at operator Next Digital wants the Security Bureau to unfreeze assets so employees can be paid. Without funds, tabloid’s 26-year run could end on Saturday. ( read original story ...)

Posted on 22/06/2021

‘No Money, No News’: Asset Freeze, Arrests Signal End for Hong Kong’s Pro-Democracy Paper

Hong Kong’s last pro-democracy newspaper appeared one step nearer to closing Monday, as Apple Daily announced it was airing its last nightly news show and dozens of staff resigned. The announcements ... ( read original story ...)

Posted on 22/06/2021

Chinese banks promise to step up cryptocurrency ban

China’s biggest banks promised Monday to refuse to help customers trade Bitcoin and other cryptocurrencies after the central bank said executives were told to step up enforcement of ... ( read original story ...)

Posted on 22/06/2021

Not smarting from US sanctions, SenseTime says its IPO is on again

Face biometrics giant SenseTime is again pushing forward with a planned IPO which is expected to raise as much as $2 billion on the Hong Kong stock exchange. ( read original story ...)

Posted on 21/06/2021

SCE property manager opens Hong Kong IPO

SCE Intelligent Commercial Management has hit the road with its Hong Kong IPO. It is looking to raise up to HK$2.3bn ($296.2m). ( read original story ...)

Posted on 21/06/2021

Apple Daily to Suspend Paper If Hong Kong Accounts Stay Frozen

Apple Daily later this week if authorities don’t allow access to its bank accounts, and will make a final decision on Friday, the pro-democracy newspaper reported on Monday. In an internal memo at the ... ( read original story ...)

Posted on 21/06/2021

Hong Kong’s Pro-Democracy Newspaper Apple Daily May Halt Operations This Week

Apple Daily may have to halt its online and print operations as early as Saturday if its publisher Next Digital continues to be blocked by the government from accessing its financial assets. ( read original story ...)

Posted on 21/06/2021

Hong Kong’s pro-democracy paper Apple Daily will close ‘in days’ after its assets were frozen under ‘national security’ law: Staff fear for safety after receiving …

The closure of Apple Daily will undermine Hong Kong's reputation as an open society and send a warning to companies that may be accused of colluding foreign countries, warn media groups. ( read original story ...)

Posted on 21/06/2021

Global banks in Hong Kong push to get staff back to office

A Citigroup spokesman said 75% of the bank's staff were in the workplace in Hong Kong. JPMorgan plans to reach 75% office occupancy in the coming weeks and Bank of America, which until recently had ... ( read original story ...)

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