The Hong Kong stock market has fallen lower in three straight trading days, sliding almost 700 points or 2.7 percent in that span. The Hang Seng Index now rests just beneath the 25,815-point plateau, ... ( read original story ...)
Hong Kong follows Fed with interest rate rise
Hong Kong’s de facto central bank has raised its interest rate by 25 basis points on Thursday, moving in step with a monetary policy decision from the US Federal Reserve overnight. The move by the Hon... ( read original story ...)
Ledger to Accept Crypto Payments Following MoU With Hong Kong Startup
Ledger signed an agreement with a Hong Kong-based crypto payment startup that will allow its clients to pay for its products with digital currencies. Hardware wallet supplier Ledger signed an ... ( read original story ...)
Hong Kong regulators say IPOs by cryptocurrency businesses are premature, putting Bitmain’s US$3 billion fundraising plan in peril
It is premature for any cryptocurrency trading platform – or business associated with the industry – to raise funds through an IPO in Hong Kong before the proper regulatory framework is in place, acco... ( read original story ...)
HMV closes all HK stores as financial woes prompt liquidation
HMV Retail has closed all its seven stores in Hong Kong as it goes into liquidation in the wake of financial troubles as consumers increasingly shun CDs and DVDs in favor of streaming services. In a f... ( read original story ...)
The big roadblocks to Hong Kong’s smart banking ambition
Banks have historically spent a large amount of their IT budgets on maintenance and stability rather than innovation. Viewing Fintechs as disruptors and competitors, traditional banks are closed entit... ( read original story ...)
Deutsche Bank in Hong Kong, Singapore sees exodus of almost 50 investment bankers since May
Keyvan Zolfaghari, a managing director who was head of capital markets solutions for Asia Pacific, joined Goldman Sachs Group. James Thomson, a managing director who was Asia head of transportation an... ( read original story ...)
Hong Kong Stock Exchange Calls Alleged Bitmain IPO Hesitation ‘Rumors’
Recent reports claim that the Hong Kong stock exchange is “hesitant” to consider a Bitmain IPO due to current market conditions. Recent reports allege that the Hong Kong stock exchange is ... ( read original story ...)
Bitmain IPO May Be in Trouble in Hong Kong
The Hong Kong Stock Exchange appears to be reluctant to approve crypto mining giant Bitmain’s application to go public there, possibly because the 2018 bear market is highlighting unreliability in cry... ( read original story ...)
Hong Kong stocks fall, tracking weakness in China, Asia
HONG KONG, Dec 18 (Reuters) - Hong Kong stocks slipped on Tuesday ... the IT sector lost 2.4 percent, while the more defensive financial sector edged down 0.7 percent and the property sector shed clos... ( read original story ...)
Investment Banker Exodus Hits Deutsche Bank in Hong Kong, Singapore
Deutsche Bank AG, the German lender that’s struggling to enact a turnaround, has seen a surge in turnover among investment bankers in Asia since May, as cost-cutting and sinking morale has prompted de... ( read original story ...)
Outstanding Business Leaders and Organizations were Conferred the Prestigious Asia Pacific Entrepreneurship Awards 2018 Hong Kong
HONG KONG, Dec. 19, 2018 /PRNewswire/ -- Enterprise Asia, the leading non-governmental organization for entrepreneurship in Asia, announced 8 winners of The Asia Pacific Entrepreneurship Awards ... ( read original story ...)
HK$13 billion Hong Kong Children’s Hospital starts operating limited service with inpatient wards to start opening in 2019
Hong Kong’s first children’s hospital, which will focus on rare and complex cases, opened its doors on Tuesday, but inpatient services will not commence until next year. The first patients at the HK$1... ( read original story ...)
Hong Kong-based Vistra aims to be one of the global ‘big four’ in the corporate services industry
The traditional offshore company business accounts for about 15 per cent. In addition to digitalising its processes, Vistra is considering a partnership with one of Hong Kong’s new virtual banks, with ... ( read original story ...)