HONG KONG SAR- Media OutReach- 18 May 2023- The launch of ChatGPT has led to a surge in the adoption of Generative AI in business applications, with many businesses leveraging Open AI's state-of ...
Hong Kong’s stablecoin law holds promise for e-CNY, cross-border flows: Morgan Stanley
Hong Kong dollar stablecoins can help mainland China’s only legal digital currency better position itself globally.
Hong Kong Regains IPO Crown as Exchange Operator Posts Record Earnings
The stock-exchange operator said Wednesday that net profit jumped 41% from a year earlier to 4.44 billion Hong Kong dollars, equivalent to US$569.3 million. That beat the HK$4.10 billion consensus ...
Hong Kong Exchange posts record profit on IPO, trading surge
The bourse’s second-quarter profit rose 41% to HK$4.44 billion ($731.1 million), according to a statement Wednesday. Core revenue rose to HK$6.64 billion.
HSBC Executes Strategic Share Buy-Back to Optimize Capital Structure
HSBC Holdings ( ($GB:HSBA) ) just unveiled an update. HSBC Holdings plc has announced the repurchase of a significant number of its ordinary ...
Hong Kong Exchange Operator Posts Record Quarterly Earnings
Hong Kong Exchanges & Clearing reported record profit and revenue for the second quarter as trading and listing activity in the Asian financial hub continued to gain momentum.
Hong Kong lender Dah Sing says first-half credit charges surge 34%
HONG KONG (Reuters) -Hong Kong-headquartered lender Dah Sing Banking Group said its credit impairment in the first half of this year increased 34% year-on-year, as the weakening commercial property ...
Hong Kong exchange’s first-half profit jumps nearly 40% to record
Hong Kong's stock exchange operator said on Wednesday its first half profit rose almost 40% to a record HK$8.52 billion ($1.09 billion), driven by a sharp increase in daily stock trading and a revived ...
Hong Kong exchange reports jump of nearly 40% in first-half profit
HONG KONG] Hong Kong’s stock exchange operator said on Wednesday (Aug 20) that its first half profit reached HK$8.5 billion (S$1.4 billion), up almost 40 per cent, driven by a sharp increase in daily ...
Hong Kong Officials Harden Their Stance on ‘Soft Resistance’
With pro-democracy movements long squashed, the government is targeting any hint of subtler expressions of discontent. Even establishment figures say it may be too much.
Hong Kong stocks fall for fifth day amid US-China tariff fears, Wall Street sell-off
US Treasury Secretary Scott Bessent hints that the tariffs on Chinese goods could remain in place for some time.
Hedge Fund ExodusPoint Expands Hong Kong Office on Cheaper Rents
Hedge fund firm ExodusPoint Capital Management took up a new floor in Hong Kong’s Central business district, taking advantage of a dip in commercial office rents.
FDA to halt McKinsey contracts amid federal probes into opioid work
McKinsey worked with Purdue for 15 years, starting in 2004. Purdue has pleaded guilty to three felonies as a result of conduct spanning a decade — 2007 to 2017 — while it was working closely ...
Most Hong Kong SMEs under financial strain in last year
In fact, Hong Kong has emerged as the most severely impacted region in the Airwallex report, based on responses from 500 SME owners and decision-makers in the city, with an overwhelming 96% reporting ...