Mumbai: The RBI on Friday said it has imposed a penalty of Rs 29.6 lakh on The Hongkong and Shanghai Banking Corporation Limited (HSBC) for non-compliance with ...
RBI Fines HSBC Rs 29.6 Lakh for Credit Card Violations
The Reserve Bank of India (RBI) has imposed a penalty of Rs 29.6 lakh on HSBC for non-compliance with directions related to credit card operations. The penalty was imposed following a supervisory ...
US and Chinese companies are expecting to raise $500 million from Hong Kong IPOs
Four companies including a Chinese generative artificial intelligence firm and a United States based jet manufacturer launched initial public offerings (IPOs) in Hong Kong on Friday. The companies are ...
Making waves in the blue economy
Tongai Kunorubwe, head of ESG fixed income at T. Rowe Price, explains how it is partnering with the International Finance Corporation (part of the World Bank Group) to grow the blue bond market to ...
HK financial services should adopt digital ID
The rapid expansion of the digital economy, driven by the widespread adoption of digital channels, has positioned digital identity (ID) solutions as a critical enabler for Hong Kong's financial ...
Hong Kong to enhance cross-border transfers for residents who work, live on the mainland
Hong Kong’s monetary authority plans to sign an agreement with the Chinese central bank to find ways to enhance cross-border remittance services to make it easier for Hongkongers who work or retire on ...
RBI imposes penalty of Rs 29.60 lakh on HSBC Bank for not following directions on credit, debit cards
This penalty has been imposed in exercise of powers vested in RBI conferred under the provisions of Section 47A(1)(c) read with Section 46(4)(i) of the Banking Regulation Act, 1949 ...
Hong Kong Airlines swoops in with new route to Xining, Qinghai province’s economic centre
Carrier will offer two flights weekly from July 9 to the mainland Chinese city that was added to Hong Kong’s solo traveller scheme in May.
Duty-free limit increase to HK$16,100 ‘not enough’ for mainland Chinese tourists in Hong Kong
I usually do not go shopping when I visit Hong Kong now because the prices on the mainland are lower than Hong Kong,’ tourist says ...
Hong Kong science park’s tie-up with hi-tech firms to boost city’s innovation hub ambitions
The Hong Kong Science and Technology Parks Corporation (HKSTP ... Science Park is the city’s start-up hub, while InnoPark is the HKSTP’s large-scale production space to boost technological innovation.
Renault-backed BeyonCa plans to build Hong Kong’s first EVs
Premium EV maker BeyonCa, backed by Renault and Dongfeng Motor, said on Friday it plans to set up a final assembly plant and its international headquarters in Hong Kong, developing the territory's ...
Waterspout seen over the seas west of Hong Kong: Observatory
A waterspout over the sea near Hong Kong was reported on Friday afternoon, according to the Observatory. The weather forecaster announced the sighting at 4.53pm, where a rapidly rotating water column ...
Be wary of China: jailed Hong Kong mogul Jimmy Lai’s son
A closer relationship with China should come with an appreciation of how it ‘thinks about the freedoms that you have here and what freedoms you deserve’, the son of imprisoned Hong Kong media mogul ...
Hong Kong’s IPO proceeds plunge to 2-decade low, pushing city down the global rankings
Funds raised from new share listings in Hong Kong dropped to a two-decade low in the first half of the year, pushing the city down several rungs to 13th place in a global ranking of initial public ...