Banks in Hong Kong have ramped up layoffs of investment bankers in the city as they contend with a double whammy of slowing initial public offerings (IPOs) and mergers & acquisitions (M&A), analysts ...
OCBC doubles down on Greater China growth, aims to invest HK$1.5 billion into its tech and facilities in the region
OCBC is banking on China’s improving economic condition and resultant positive spillovers into Asia as key growth drivers, as it plans further investments into its services across the Greater China ...
Hong Kong Stocks Open With Fresh Losses
Hong Kong shares fell at the beginning of business Wednesday on concerns about the likelihood the Federal Reserve will cut interest rates at all this year.
OCBC to invest HK$1.5 bil into tech and facilities across Greater China, hire 300 software engineers in China
In addition, Bank of Singapore’s Hong Kong branch aims to grow AUM by 50% by 2026, compared to end-2023 figures.
Chinese regulator quizzes Midea on Hong Kong listing, sources say
Home appliance maker Midea Group has been questioned by China's securities regulator on how a planned $2 billion-plus Hong Kong listing could impact the value of its Shenzhen-listed shares, said three ...
Hong Kong Shares May Be Stuck In Neutral On Wednesday
The Hong Kong stock market moved lower again on Tuesday, one day after halting the four-day slide in which it had plummeted more than ...
HSBC HOLDINGS Buys back 6.94M+ Shrs for $476M in Total Ytd
HSBC HOLDINGS (00005.HK) announced that it repurchased a total of 6.9416 million shares of the company for a total of HK$476 million yesterday (28th) in the UK and Hong Kong markets. Among which, HSBC ...
Hong Kong democrats brace for landmark verdict after lengthy legal battle
Hong Kong's High Court is set hand down a verdict this week against 16 democrats in a landmark subversion trial that critics say could have major repercussions for the city's opposition democratic ...
DBS expands Hong Kong private banking headcount by 25% on better flows
Number of clients acquired from mainland China totaled close to 1,200 this year. Read more at straitstimes.com.
Bearish block trade of MINSHENG BANK(01988) 1.3M shares at $3.04, $3.952M turnover
[Block Trade] A bearish block trade of 1.3M shares of MINSHENG BANK(01988) occurred at price of HK$3.04 and turnover of HK$3.952M at 04:08p.m . The last price is down 1.299%. Today... [Block Trade] A ...
Hong Kong stocks slide as rebound stalls ahead of key data; Lenovo slumps on convertible bond sale
Hong Kong stocks dropped by the most in a week, as investors locked in profits from a rally that has pushed the benchmark gauge up by more than a fifth since late January with the Chinese yuan ...
Hong Kong crypto exchange licence applicants with ties to mainland China withdraw from city
dampening enthusiasm for operating in Hong Kong, according to an industry insider familiar with the matter, who declined to be named because the discussions were private. In 2021, the People's Bank of ...
Hong Kong Launches Pilot Program for Digital Yuan Payments
Hong Kong has launched a pilot program allowing digital yuan payments facilitated through some of the top Chinese banks.
New Hong Kong scams using bogus online customer service staff cheat people out of HK$190 million in less than 5 months
Police say fake customer services staff frauds an ‘increasing trend’, with HK$4.16 million the biggest single loss logged.