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Posted on 09/10/2023

Hong Kong insurers could face record high claims as a host of typhoons, rainstorms inflict damage on the city

Hong Kong has experienced three typhoons and two rainstorm warnings over the past two months, which has spawned a surge in insurance claims 'Our industry is resilient and able to absorb these severe ...

Posted on 09/10/2023

Citigroup confirms sale of China-wealth unit to HSBC

Citi has now exited eight of 14 markets after revealing plans in early 2021 to exit its overseas consumer-banking businesses.

Posted on 09/10/2023

HSBC/Citi: taking over China wealth unit is easy win

HSBC needs to fend off Asia-focused rival Standard Chartered. StanChart is gaining traction in China after receiving approval from local regulators this year to set up a securities unit in the ...

Posted on 09/10/2023

Leylah Annie Fernandez: WTA Hong Kong, Hong Kong Women Singles 2023 Betting Odds and Preview

After exiting in the qualification round 1 in her most recent tournament (the China Open), Leylah Annie Fernandez gets started in the WTA Hong Kong, Hong Kong Women Singles 2023 with a match

Posted on 09/10/2023

One Of Hong Kong’s Oldest And Biggest Shipping Companies Is Looking To Startups For New Ways To Go Greener

Wah Kwong, led by chairman Hing Chao, is diving into the startup world in search of new ideas to cut carbon emissions.

Posted on 09/10/2023

Australia markets rebound as Hong Kong cancels morning session; China falls after Golden Week

Futures for Hong Kong’s Hang Seng index stood at 17,724, pointing to a stronger open compared to the HSI’s last close of 17,485.98. On Friday in the U.S., all three major indexes rallied after the release of stronger-than-expected U.S. jobs data and a pop in Treasury yields.

Posted on 09/10/2023

FTSE 100 Live: Hong Kong pauses morning trade, blue-chips seen lower

Oil up 3%; BAE up 3% as Israel conflict sparks fears 08:22 , Simon Hunt Oil rose as much as 3% this morning on fears of an escalating ...

Posted on 09/10/2023

HSBC to acquire Citi’s retail wealth management business in China

HONG KONG -- HSBC on Monday announced it is acquiring competitor Citi Group's retail wealth management business in China, as the U.S. bank continues to wind down the Asian consumer franchise business ...

Posted on 09/10/2023

Citigroup to sell China consumer wealth business to HSBC

Citigroup Inc said on Monday it had agreed to sell its China consumer wealth portfolio, including clients, assets under management (AUM) and deposits, to Asia-focused HSBC Holdings Plc. The deal ...

Posted on 09/10/2023

HSBC buys Citi’s US$3.6 billion China retail assets in expansion

HSBC Holdings agreed to buy Citigroup’s retail wealth management portfolio in mainland China, adding to its expansion in the world’s second-largest economy. Read more at The Business Times.

Posted on 09/10/2023

Citigroup Plans To Exit China’s Consumer Wealth Sector; To Sell Business To HSBC

US-headquartered Citigroup Inc has announced its plan to exit China. On Monday, Citigroup said that it had agreed to sell its China consumer wealth portfolio, including clients, assets under ...

Posted on 09/10/2023

Hong Kong should lead the crackdown on wildlife smuggling and exotic pets

Hong Kong can make a big difference to its international standing by choosing the right issue to champion. It must be a significant global matter, and Hong Kong must be able to make a major ...

Posted on 09/10/2023

Green tech: Alibaba-backed Hong Kong compostable tableware maker Ecoinno seeks US$48 million to expand capacity

Ecoinno, a Hong Kong green-technology start-up, is seeking to raise US$48 million by the end of the year to fund its plant-based compostable containers factory, to meet a growing demand for such ...

Posted on 09/10/2023

Hong Kong’s John Lee vows deeper ties with Asean, underscoring city’s unique role as gateway to mainland Chinese markets

Chief executive addresses Hong Kong - Asean summit 2023, stressing move to proceed with forum despite Typhoon Koinu shows commitment to partners He calls for visitors to city to experience 'the energy ...

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