Hong Kong – an international business hub and gateway to China for many foreign companies –continues to be an attractive destination among foreign investors. This is particularly true as neighboring c... ( read original story ...)
Hong Kong University Receives $20 Mln Research Grant for Payment Systems, Blockchain
The Hong Kong University of Science and Technology Business School has received $20 million in funding for research on payment systems, including those using blockchain. The Hong Kong University of Sc... ( read original story ...)
Digital payment fight brewing in Hong Kong
HONG KONG: Hong Kong's shopping districts are well known for their fierce competition. Now, a new battleground is forming as digital payment firms fight for retailers and shoppers. Chinese tech giants ... ( read original story ...)
Hong Kong: HANG SENG INDEX (.HSI) ended 0.8 percent lower
The Shanghai Composite Index .SSEC closed down 0.6 percent, while Hong Kong’s Hang Seng index .HSI ended 0.8 percent lower. Hopes that China and the United States could ease trade tensions helped Chin... ( read original story ...)
Hong Kong Dollar Funding Costs Surge After HKMA Defends Peg
Hong Kong’s interbank borrowing costs climbed across the curve, as the city’s currency interventions continued overnight, taking this week’s total to HK$16.8 billion ($2.1 billion). The three-month Ho... ( read original story ...)
Hong Kong Spends $2.1 Billion This Week to Defend Dollar Peg
(Bloomberg) -- Hong Kong’s currency interventions continued overnight, taking this week’s total to HK$16.8 billion ($2.1 billion). The Hong Kong Monetary Authority bought HK$14.6 billion of local doll... ( read original story ...)
Industrial Bank Co., Ltd creates Hong Kong private banking business
Fuzhou-headquartered Industrial Bank Co., Ltd, one of China's largest banking groups, has selected Avaloq to provide a comprehensive front-to-back banking solution for its Hong Kong Branch private ban... ( read original story ...)