UBS Group AG will lease an entire 14-story office tower in Hong Kong — almost double the space it initially planned — helping provide a vote of confidence for a city battling to keep its status as the ...
Hong Kong stocks tumble as Alibaba’s scrapping of logistic unit IPO weighs on sentiment
Hong Kong stocks underperformed the region as sentiment was dealt a blow by the cancellation of a Hong Kong IPO of Alibaba Group’s logistic unit and a cautious outlook from electric vehicle maker BYD.
HSBC launches tokenised gold for retail customers in Hong Kong as government pushes for publicly accessible digital assets
HSBC Gold Token, which will be available on the lender’s online banking and mobile app, is the first such retail product to be issued by a bank, according to HSBC, as the government pushes for more ...
UOB names new global markets head and Hong Kong chief
Adaline Zheng, who was head of wholesale banking and alternate chief executive officer (CEO) at UOB China, took over as CEO of UOB’s Hong Kong branch on March 25.
How seeing I.M. Pei’s Bank of China Tower in Hong Kong changed the life of a Hong Kong artist and architect
I.M. Pei’s distinctive, angular Bank of China Tower, in Hong Kong, was a heavy influence on architect and artist Raymond Fung, who recalls seeing it under construction and later working for Pei.
StanChart CEO Winters meets China FX regulator, launches investment banking unit
Standard Chartered CEO Bill Winters met with the head of China's foreign exchange regulator on Monday, a month after the bank suspended new investments by its clients in the country into offshore ...
Analyst Reveals Hong Kong’s Plan to Greenlight In-Kind Bitcoin ETFs
Hong Kong is poised to consider allowing in-kind creations and redemptions for spot Bitcoin exchange-traded Funds (ETFs). This development, anticipated in the second quarter of this year, could herald ...
Alibaba Scraps Logistics Listing as Hong Kong IPO Woes Worsen
The Chinese internet company has abandoned plans to list Cainiao, dealing a blow to Hong Kong’s beleaguered initial public offering market.
Alibaba to buy Cainiao stake for up to $3.75 billion as it drops IPO plan
Alibaba Group said on Tuesday it was offering to buy the 36% of Cainiao it does not already own for up to $3.75 billion, abandoning plans for an initial public offering (IPO) of the logistics business ...
Hong Kong sees intensive financial events, as stable social environment attracts more international capital
VCG. The Financial Mega Event Week kicked off in the Hong Kong Special Administrative Region (HKSAR) on Monday, with a series of top-tier internatio ...
What buying Bitcoin in Hong Kong shops says about the future of crypto
Good morning from Hong Kong, where I will be talking to some of Asia's leading finance and crypto executives at the Fortune Innovation Forum. I've long been curious about this famous city due to its ...
Hang Seng Bank Launches HKD 33 Billion SME Power Up Fund
HONG KONG, March 26, 2024 /PRNewswire/ -- Hang Seng Bank ('Hang Seng') today unveiled the HKD 33 Billion SME Power Up Fund, a strategic initiative to support the growth, cross-boundary development, ...
What buying Bitcoin in Hong Kong shopssays about the future of crypto
Good morning from Hong Kong, where I will be talking to some of Asia's leading finance and crypto executives at the Fortune Innovation Forum. I've long been curious about this famous city due to its ...
Hong Kong’s in-kind ETF creation could be a significant market opportunity: Analysts
“Hong Kong is aiming for in-kind creation of the ETF, unlike the U.S., where the transaction is cash only – in the U.S. it’s cash in, Bitcoin ETF out, while Hong Kong aims for Bitcoin in, ETF out.