My friend is not alone. Millions of people are signing up to so-called 'challenger' banks, those technically savvy, online-only businesses that offer new accounts in minutes and plenty of ...
After Fleeing Repression, Hong Kongers in Exile Face Financial Blockades
The denial of Hong Kongers’ savings is just one piece of the puzzle of transnational repression against the Hong Kong diaspora.
Hong Kong virtual banks eye Web3 growth despite regulatory hurdles
Hong Kong’s virtual banks are reportedly at a critical juncture. They currently capture only a small fraction of the financial market and hold 0.3% of the assets of all retail banks. According to the ...
Hong Kong Lawmaker Urges Easing Banking Restrictions for Crypto Firms
Johnny Ng has called on the Hong Kong government to ease the strict restrictions that many crypto companies face to access banking services.
C’estbon water bottler gets nod for US$1 billion Hong Kong IPO, medals for Olympic teams
The bottler of one of China's bestselling water brands is enjoying double happiness, as its fundraising plan in Hong Kong received the go-ahead, while the table tennis teams it sponsors have dominated ...
HANG SENG BANK Buys back 200K Shrs for $18.34M
HANG SENG BANK (00011.HK) disclosed in its statement that it repurchased 200,000 shares of the company on the Stock Exchange of Hong Kong at $90.8-92.2 per share on 9 August, involving a total of ...
{Short Sales}Full-day T/O at HK$14bn, or 16% of Total
The transactions represented 63.99% and 11.99% of respective stock's turnover. BABA-SW (09988) and HSBC HOLDINGS (00005) registered HK$532.71 million and HK$525.5 million of short sales, accounting ...
China’s sluggish job market pushes tech and finance workers to move to Hong Kong to sell insurance
Lam Yik—Bloomberg via Getty Images Hong Kong is seeing an influx of professionals from mainland China’s finance and tech sectors who are disillusioned with their career and salary prospects across the ...
Hong Kong Leads Losses In Asia
Hong Kong Stocks led losses in Asia Pacific on Friday after Wall Street tumbled overnight on rate worries, while investors also digested inflation data from Japan. In Japan, the NIKKEI 225 index ...
Chinese automotive SoC developers file for IPO in Hong Kong
Black Sesame Technologies and Horizon Robotics, two China-based developers of smart driving chips, have recently filed for IPO on the Hong Kong Stock Exchange.
HSBC HOLDINGS Buys back 6.59M+ Shrs for HKD415M in Total Ytd
HSBC HOLDINGS (00005.HK) announced that it repurchased a total of 6.5908 million shares of the company on the UK and Hong Kong markets yesterday (8th), involving a total of HKD415 million. Among which ...
Hi-tech fraud: here are the technologies changing the face of scams in Hong Kong
Emerging technologies like deepfakes, large language models and cryptocurrencies have made fraud easier, with Hong Kong proving particularly vulnerable Scams powered by new technologies are on the ...
Hong Kong’s virtual banks should serve Web 3 companies better, says top crypto advocate
Legislator Johnny Ng’s call to action follows the decision this week by the Hong Kong Monetary Authority to stop issuing licenses for branchless banks, giving the city’s eight licensed operators room ...
Mox Bank Initiates Crypto ETF Trading in Hong Kong
Mox, a Hong Kong-based virtual bank subsidiary of Standard Chartered, has recently introduced crypto exchange-traded fund (ETF) trading services for its customers, marking a significant development in ...