Chinese electric vehicle maker Seres Group is gearing up for a blockbuster debut on the Hong Kong Stock Exchange, eyeing up to $1.7 billion ...
Hong Kong businesses lose US$11 billion to digital fraud in past year, TransUnion says
Hong Kong businesses reported HK$92 billion (US$11.84 billion) in financial losses from digital fraud over the past year, despite the city's overall digital fraud rate being lower than the global ...
Alibaba-linked Ant Group files AntCoin trademark application in Hong Kong
Ant Group’s trademark initiative is part of a series of moves by other Hong Kong-based tech firms, such as JD.com, that have been testing stablecoin pilots in the mainland. The tech company also ...
HSBC to set aside US$1.1 billion for potential payouts in Madoff fraud lawsuits
HSBC Holdings will book a US$1.1 billion provision in its third-quarter earnings as it faces uncertainty over payouts in lawsuits related to the Bernard Madoff fraud case, according to a stock ...
HSBC faces $1bn hit from Bernie Madoff Ponzi scheme tussle
HSBC is facing a $1.1bn (£826m) hit after losing a long-running legal battle with investors over Bernie Madoff’s Ponzi scheme.
HashKey’s IPO Plan Marks Next Step in Hong Kong’s Crypto Ambitions
As Hong Kong deepens its role in regulated digital finance, crypto’s presence in everyday life is expanding well beyond trading floors. Major payment apps now test blockchain settlements, retailers in ...
Sailis (09927.HK) Launches IPO with Entry Fee of HKD 13,282.62
Sailis, a prominent player in the new energy vehicle sector, has officially begun its Initial Public Offering (IPO) in Hong Kong, sparking significant interest among investors. This article delves ...
HSBC to take $1.1 billion hit after Luxembourg court ruling in Madoff case
HSBC Holdings said on Monday it will book a $1.1 billion provision in its third-quarter results after losing part of an appeal in a long-running lawsuit tied to Bernard Madoff's Ponzi scheme.
HSBC takes US$1.1b hit on Madoff fraud litigation
(Oct 27): HSBC Holdings plc will set aside US$1.1 billion to cover litigation by investors who lost money in Bernard Madoff’s fraud, joining other global banks unexpectedly hit recently with ...
HSBC expects $1.1bn hit from Madoff litigation
HSBC will set aside $1.1bn for a lawsuit brought by investors who lost money in Bernard Madoff’s multibillion-dollar Ponzi scheme after a Luxembourg court denied the bank’s appeal.
Huawei-powered Chinese EV maker Seres seeks US$1.7 billion in Hong Kong listing
The company aims to build an open ecosystem through long-term partnerships with Huawei and Contemporary Amperex Technology.
Hong Kong start-ups have ‘high hopes’ for Saudi trip as Paul Chan heads to FII
Hong Kong firms eye expansion, with finance chief leading a high-powered delegation to Future Investment Initiative forum in Riyadh.
Should Hong Kong Exchanges and Clearing’s Stance on Crypto Treasuries Concern SEHK:388 Investors?
In recent months, Hong Kong Exchanges and Clearing has rejected several companies' applications to adopt large-scale digital asset treasury strategies, citing regulatory rules prohibiting such ...
Hong Kong’s Paul Chan meets Xia Baolong on trip to Beijing, Hebei projects
Finance chief Paul Chan praises construction, investment-attraction efforts for Beijing Municipal Administrative Centre, Xiongan New Area.