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Posted on 22/06/2023

UBS to start Credit Suisse Asia investment banking job cuts in July

UBS will start cutting Asia investment banking jobs at Credit Suisse next month, three people with knowledge of the matter said, as the banks move towards integrating businesses.

Posted on 22/06/2023

Americans returning to Hong Kong following recent dip, top US envoy in city says as he pledges push for mutual understanding

US Consul General Gregory May also uses rare public appearance to stress importance of face-to-face academic, cultural exchanges.

Posted on 21/06/2023

UBS to start Credit Suisse Asia investment banking job cuts in July -sources

UBS will start cutting Asia investment banking jobs at Credit Suisse next month, three people with knowledge of the matter said, as the banks move towards integrating businesses. UBS completed its ...

Posted on 21/06/2023

This AI Startup Wants To Be The Next Nvidia By Building Brain Cell-Powered Computers

At Cortical Labs, CEO Hon Weng Chong is building biological computers that he hopes will not just surpass AI, but supercharge growth of other companies.

Posted on 21/06/2023

Hong Kong pollster plans to limit questions on sensitive topics, including Tiananmen crackdown

One of Hong Kong’s most reputable sources for public opinion data is limiting its survey scope, including on sensitive topics such as the Tiananmen crackdown

Posted on 21/06/2023

Hong Kong Billionaire Richard Li’s Streaming Platform Viu Sells $200 Million Stake To French Broadcaster

Viu, the video streaming unit of Hong Kong billionaire Richard Li’s PCCW, is selling a 26.1% stake for up to $300 million to Canal+, the pay-TV group controlled by French billionaire Vincent Bolloré’s ...

Posted on 21/06/2023

Hong Kong Borrowing Rates’ Catchup With US Stymies Carry Trade

A gauge of Hong Kong’s key borrowing rates has caught up with its new US equivalents, diminishing at least temporarily the appeal of a popular carry trade that borrows the local currency to buy the ...

Posted on 21/06/2023

Hong Kong Action Film ‘White Storm 3’ Sets North American Premiere, Revised China Release

Heaven or Hell” will have its North American premiere at the New York Asian Film Festival, where it is a late addition to the line-up. The festival runs July 14–30, 2023 at Film at Lincoln Center (FLC ...

Posted on 21/06/2023

Citic, JPMorgan Replacing CICC in Cainiao’s Hong Kong IPO, Sources Say

Cainiao Network Technology Co., the logistics arm of Alibaba Group Holding Ltd., has seen a reshuffle in the banks that are preparing for its Hong Kong initial public offering, people familiar with ...

Posted on 21/06/2023

Hong Kong Pollster Plans to Stop Publishing Some Survey Results

Hong Kong’s main pollster plans to stop publishing survey results of some subjects, which may include the 1989 crackdown in Tiananmen Square and popularity of the police, underscoring the changing ...

Posted on 21/06/2023

Hong Kong moonshot projects? Ambitious bids desirable but leadership needed to drive interest, investment, scientists say

Experts chime in after Alibaba Cloud founder Wang Jian suggests city should tap into China space telescope to set up central research opportunity Government funding and private donations needed, they ...

Posted on 21/06/2023

Hong Kong remains one of world’s most competitive economies: Report

Among the four competitiveness factors in WCY 2023, Hong Kong continues to rank second globally in terms of government efficiency, and its ranking in infrastructure also improved. Hong Kong continues ...

Posted on 21/06/2023

Hang Seng Expected To Open Under Pressure On Wednesday

The Hong Kong stock market has finished lower in back-to-back sessions, tumbling more than 430 points or 2.2 percent along the way.

Posted on 21/06/2023

Hong Kong stocks hit by worst sell-off in 4 weeks as Beijing disappoints market bulls while Nio jumps on fund purchase

Stocks slump for a third day, erasing more than US$61 billion of market value from Hang Seng Index’s members this week. Bets on China stimulus are unwinding as analysts cut their growth forecasts ...

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