That is the main reason the Hong Kong Monetary Authority plans to replace the term “virtual bank” with “licensed digital bank”. A month-long consultation has been launched. People have long been ...
No ulterior motives for Jimmy Lai’s HK$500 million loan to media firm Next Digital when it was unprofitable, witness tells Hong Kong court
Royston Chow, former Next Digital chief financial officer, says it was not ‘very common’ for shareholder to lend substantial amount of money to company such as Lai’s.
China Market Update: Hong Kong & Mainland China Rally Rebounds On Trade Data & Home Buying Restrictions Cancelled
Asian equities were overall lower overnight as Mainland China and Hong Kong outperformed while South Korea, Australia, India, and the Philippines underperformed, falling by more than -1%. Meanwhile, ...
Retired Hong Kong brokerage manager loses HK$18 million to scammer posing as security official
Source familiar with situation says scammer contacted 67-year-old woman in January and claimed to be mainland Chinese police officer investigating fraud case.
Hong Kong’s IPO revival is ‘inevitable’ as returning investors drive surging applications, stock exchange CEO says
It is just a matter of time' before Hong Kong sees listings from Middle East companies and mainland industry leaders, says HKEX CEO Bonnie Chan HKEX has received over 100 new listing applications this ...
Stock market rebound helps more IPO listings: HKEX
The head of the city's stock exchange operator on Thursday said average daily trading turnover was improving, paving the way for more initial public ...
HKEX’s new CEO is betting on big IPOs coming back
HONG Kong Exchanges & Clearing (HKEX) is anticipating the comeback of big ticket initial public offerings (IPOs) to the city as underlying conditions improve and Chinese regulators give a helping hand ...
Is BOC Hong Kong (BHKLY) Stock Outpacing Its Finance Peers This Year?
Here is how BOC Hong Kong Ltd. (BHKLY) and BrightSphere Investment Group (BSIG) have performed compared to their sector so far this year.
Hong Kong-based Gome FinTech marks diversification by acquiring Chinese game developer CashBox for US$25.6 million
Hong Kong-based financial service platform Gome Finance Technology (Gome Fintech) has unveiled plans to acquire Chinese game developer and publisher CashBox Group Technology for HK$200 million ...
Hong Kong attracts US$832 million in investment from life-science technology firms setting up or expanding
The investments, which will yield 3,200 jobs, come amid government efforts to enhance Hong Kong’s position as an innovation hub in the field.
Protest song ‘Glory to Hong Kong’ now banned in city
An appeals court has granted the Hong Kong government’s request to ban the protest song, overturning an earlier ruling.
Hong Kong court hears Jimmy Lai’s finance chief approved payments to tycoon’s assistant without knowing where the money was to be spent
Royston Chow, former Next Digital chief financial officer, said he handed over millions of dollars to Lai’s assistant Mark Simon, but had no idea how it would be spent.
Hong Kong stocks enter bull market: banks, insurers gain after Fed rate decision as China’s policy support adds to cheer
Hong Kong stocks rose on Thursday driven by gains in the banking sector and in insurance companies after the US Federal Reserve signalled it would wait longer before cutting interest rates ...
China Market Update: Hong Kong Sees Profit Taking As Autohome Beats Estimates
China Construction Bank, which fell -0.76%, and Hong Kong Exchanges & Clearing, which fell -3.01%. Real estate was whacked -4.45% in Hong Kong and -3.12% in Mainland China on profit-taking from tis ...