Tag: finance

Hong Kong customs officials seized HK$4.6 billion (US$593.3 million) in dirty money in 2020 – a four-year high – as transnational rackets turned to novel methods for smuggling cash into the city and ... ( read original story ...)

The government must invest in projects employing local labour, to turn around public sentiment. Hong Kong can’t afford to wait for the free market to act, or for tourists to return. Other priorities ... ( read original story ...)

Hong Kong is entering a "long dark age" with further crackdowns over the coming months, a leading pro-democracy activist living in political exile in the UK has said. Ted Hui, a former lawmaker in ... ( read original story ...)

Financial support is based on performances at international events but the Institute wants athletes to focus on the Tokyo Olympics without worrying about funding. ( read original story ...)

The suspension of Ant Group's jumbo IPO in November caused deposits in Hong Kong's banking system to fall sharply during the month and led to a slow down of hot money inflow into the city, Hong Kong ... ( read original story ...)

The Hong Kong Citizens’ Deliberative Platform had aimed to unite the city’s opposition factions, but a high-ranking official last week said it could violate the national security law. ( read original story ...)

As we ring in the new year, Asian companies should consider better environmental disclosure, including exposure to risk from the changing climate, among their 2021 resolutions. ( read original story ...)

China is now playing a leading role in the development of Central Bank Digital Currency, or CBDC, while many countries around the world have also shown increasing interest in it. For example, Sweden ... ( read original story ...)

Hong Kong volume leaders were Tencent, which rose +5.47%, Alibaba Hong Kong, which was up +6.4%, Meituan, which gained +5.27%, Xiaomi, which rose +0.46%, Semiconductor Manufacturing, which was up +11. ( read original story ...)

All Kuaishou employees will be required to work an extra day every two weeks ahead of its IPO, according to people familiar with the matter. ( read original story ...)

Kuaishou is under tremendous pressure ahead of an IPO as it struggles to compete with rivals such as Douyin and Bilibili in the online entertainment sector. ( read original story ...)

Hong Kong stocks climbed on Wednesday to a 10-month closing high, tracking gains in other Asian markets, as investors bet on a strong global economic recovery next year. ** At the close of trade, the ... ( read original story ...)

The six men and two women were arrested earlier this year after complaints they had bullied homeless and destroyed property at Tung Chau Street park. ( read original story ...)

Noah Holdings' William Ma expects the demand for IPOs in China to remain high next year, following a "very exciting" 2020. ( read original story ...)