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Posted on 10/01/2023

Alibaba’s Ant Could Be Marching Toward An IPO, CNY’s Remarkable Ghost Rally

Jack Ma’s voting rights in financial technology giant Ant Group were lowered to 6.2% from 53.4%, though he still has a significant economic interest in the company.

Posted on 10/01/2023

Hong Kong MTR passengers can use Shenzhen Metro app to pay for rides in step towards Greater Bay Area integration

As the Hong Kong-mainland border reopens, commuters can pass through the gates at MTR stations using QR codes generated by the Shenzhen Metro app.

Posted on 10/01/2023

Major Hong Kong business group predicts 2023 turnaround, GDP to grow 3.8 per cent after border reopening with mainland China

Border reopening is 'a long-awaited much-needed shot in the arm for the business sector', says Hong Kong General Chamber CEO George Leung But warns combination of inflationary headwinds and 'brain ...

Posted on 10/01/2023

End of Covid restrictions in Hong Kong ignites trade in illegally caught seafood

The end of Covid restrictions across China have spurred a recovery in consumption of smuggled seafood in Hong Kong. Demand for exotic and endangered fish species collapsed in Hong Kong during the ...

Posted on 09/01/2023

Unimpressive Hong Kong Keeps No. 3 Spot In Global IPO Race

Hong Kong IPOs fell sharply last year, but the fundraising is expected to rebound this year as global inflation moderates and China reopens The fading threat of forced de-listings for Chinese companie ...

Posted on 09/01/2023

China Citic Bank Offers Covid Shots in HK to Woo Mainland Cash

A Hong Kong unit of state-backed China Citic Bank Corp. is offering free Covid-19 mRNA vaccinations to sign up wealthy new customers as the border between the financial hub and mainland China reopened ...

Posted on 09/01/2023

Hong Kong pushes ahead with crypto hub plans as tech firms, startups show interest: financial secretary

Hong Kong will continue pushing ahead with the development of the Web 3.0 industry as it aims to become a regional hub for the nascent industry despite the series of collapses of crypto exchanges, ...

Posted on 09/01/2023

Alibaba stock rises 8% in Hong Kong as Jack Ma gives up control of sister firm Ant Group

Alibaba (NYSE:BABA) rose more than 8% Monday in Hong Kong after founder Jack Ma ceded control of sister company Ant Group, whose planned 2020 IPO fell apart when Ma’s criticism of Chinese regulators ...

Posted on 09/01/2023

Hong Kong Scraps Contact Tracing App That Raised Privacy Concern

Hong Kong is discarding its Covid contact tracing app, one of the most visible components of its pandemic infrastructure.

Posted on 09/01/2023

HSBC transforms Hong Kong billboard into an immersive art exhibition

HSBC plans to transform Hong Kong from a bustling financial centre into an open canvas through immersive art experiences and a metaverse gallery. HSBC wants to make art more accessible to people and ...

Posted on 09/01/2023

HSBC turns Hong Kong into an open canvas with its year-long ‘Open to Art’ initiative via MSL

HSBC’s ‘Open to Art’ initiative aims to transform and modernise people’s access to art and the way people experience different forms of art and culture in Hong Kong, which is one of the world’s ...

Posted on 09/01/2023

Hong Kong Stresses Pro-Crypto Stance as Industry Reels

Hong Kong will be a great place for crypto, fintech and other startups to set up shop in the new year, the city’s financial secretary said on Monday, looking past the current upheaval in the industry.

Posted on 09/01/2023

We’re no longer expecting a ‘huge drop’ in Hong Kong property prices, MIB Securities says

Sonija Li of MIB Securities Hong Kong says China's reopening will drive up demand especially in the first half of the year.

Posted on 09/01/2023

Credit Suisse Loses Two Senior Private Bankers in Hong Kong

Credit Suisse Group AG has lost two more senior private bankers in Hong Kong as attrition continues at the Swiss bank, according to people familiar with the matter.

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