Hong Kong is intensifying its regulatory oversight on cryptocurrency exchanges that are still in the process of being fully licensed, following initial approvals. This move is part of the city’s ...
Hong Kong’s Bitcoin ETFs surpass HK$2 billion milestone
Hong Kong's spot Bitcoin ETFs recorded their largest fund inflow in over a month, indicating an increase in activity within Bitcoin investment vehicles in Asia.
‘Forecasted Fed rate cuts will boost HK economy’
Hang Seng Bank senior advisor George Leung says he hopes to see an upturn in the economy now that the US central bank, the Federal Reserve, looks ...
Nykaa block deal: Stock jumps 6.5% after pre-IPO investor likely offloads 1.43% stake
Harindarpal Singh Banga is a commodities billionaire and chairman of Caravel Group, ranking among the Top 50 richest individuals in Hong Kong, with a net worth of $2.9 billion as of August 2024, according to Forbes Magazine. Other notable pre-IPO investors ...
China’s Didi Turns Profitable as Ride-Hailing Grows Ahead of IPO
Didi Global Inc. swung to a profit in the June quarter, a welcome boost for the company as it prepares for a potential re-listing in Hong Kong. China’s leading ride-hailing provider reported a net profit of 1.4 billion yuan ($196 million), from a small ...
Hong Kong eases listing thresholds for tech firms, SPAC deals in fresh tonic for IPO market
Hong Kong’s stock exchange operator is modifying its listing rules to make it easier for specialist technology companies and special-purpose acquisition companies (SPACs) to raise funds from investors ...
BOC HONG KONG: No Change in Risk Appetite, Credit Policy Towards SMEs
Sun Yu, Vice Chairman and Chief Executive of BOC HONG KONG (02388.HK), said that SMEs are vital to Hong Kong's society and economy. For BOC HONG KONG, supporting SMEs is not only its duty but also its ...
Bank of China (Hong Kong)
The mortgage lenders are among the 11 members of the HKMA’s Task Force on SME Lending, which Yuen chairs along with Luanne Lim, the chairwoman of the Hong Kong Association of Banks (HKAB). HSBC, ...
Alibaba is upgrading its Hong Kong listing to primary, and that could potentially unlock billions in new investment
Chinese e-commerce giant Alibaba Group is upgrading its shares in Hong Kong to a primary listing, following through on a plan first proposed a little over two years ago and potentially allowing the ...
11 Hong Kong banks pledge quicker credit in HKMA’s task force to help small businesses
HSBC, Standard Chartered, BOCHK, Bank of East Asia, Hang Seng Bank and ICBC Asia promise to approve mortgage loans within two weeks Eleven of Hong Kong's banks have pledged to provide fair and ...
11 Hong Kong banks pledge to ease credit in HKMA’s task force to help small businesses
Eleven of Hong Kong’s banks have pledged to provide fair and quicker access to loans, as they heed the call by the city’s de facto central bank to cut red tape and provide funding help to small ...
HKMA to look into SMEs’ struggles with bank repayments
The Deputy Chief Executive of the Hong Kong Monetary Authority (HKMA), Arthur Yuen, will lead a new task force to look into small and medium-sized ...
Bank of Singapore sees Middle East accounting for a fifth of assets over 3 to 5 years
Bank of Singapore aims to grow its business in the Middle East with the region contributing up to 20% of its overall revenue and private banking assets over the next three to five years from around 10 ...
Bank of Singapore sees 20% asset growth in Middle East within 5 years
Bank of Singapore aims to grow its business in the Middle East, with the region contributing up to 20 per cent of its overall revenue and private banking assets over the next three to five years from ...