Government released lengthy statement in effort to counter claims by US-based economist after his talk in Hong Kong.
Chinese Move Billions to Hong Kong Banks, Seeking Higher Yields
HSBC Holdings Plc attracted more than 130,000 new bank customers in Hong Kong in the first quarter. Bank of China (Hong Kong) gained 200,000 new cross-border clients in 2023, while at Hang Seng Bank, ...
UBS: Investors Positive About HK IPOs; Financing Mkt Hoped to Improve in 2H24
UBS noted that while the number of Hong Kong IPOs since the beginning of the year has been small and the performance has been relatively negative, investors including sovereign fun... UBS noted that ...
Hong Kong ditches paper certificates; IPOS scam warning; Brazil hosts GI event – IP office updates
In this update, we look at the Slovenian and Portuguese IP offices partnering up, the IP Office of Singapore launching a podcast series, and much more. Register for free to receive our newsletter, ...
Hong Kong government hits back after economist Stephen Roach delivers advice for city
Ex-investment banker Stephen Roach says city must uphold constructive criticism, while billionaire Mark Mobius says Hong Kong far from over The Hong Kong government has slammed arguments made by an ...
Actress Charmaine Sheh turns to mother, friends for financial aid after stock investment losses
Hong Kong actress Charmaine Sheh disclosed that she had to borrow money from her mother and friends to cover debts incurred from unsuccessful stock investments.
Former Asia head of global investment bank says Hong Kong has to underline it is not just another Chinese city and ‘speak truth to power’
Stephen Roach, former chairman of Morgan Stanley Asia, says city has to uphold its traditions of constructive criticism and debate to prosper.
Hong Kong’s de facto central bank mulls making green rules mandatory for banking sector
The Hong Kong Monetary Authority is considering making its green taxonomy framework mandatory for the banking sector to support the development of sustainable financing in the city.
UBS, HSBC Urge China to Expand Wealth Links With Hong Kong
Hong Kong’s central bank chief and executives at UBS Group AG and HSBC Holdings Plc called for the expansion of wealth links between the city and mainland China, months after a key initiative was ...
Singaporean, Swiss banks target Hong Kong as rivals feel geopolitical chill
OCBC's private banking arm, Bank of Singapore, has set a 50% growth target for assets under management in Hong Kong by 2026, compared to the end of last year, although it has not revealed the base ...
What HSBC needs from its new chief executive
Just this week the US State Department announced new visa restrictions on officials responsible for implementing Hong Kong’s National Security Law after a court in the territory convicted a group of ...
The best banks in the Asia-Pacific region, according to customers
Pacific have picked their favorite banks as lenders scramble to meet consumer expectations in a fast-changing environment.After a prolonged period of high inflation — and interest rates — banks in the ...
HSBC To Announce New CEO By July To Stabilize Asia-Focused Strategy
HSBC Holdings Plc (NYSE:HSBC) aims to finalize its search for a new CEO in the coming weeks, likely choosing from internal candidates. The bank plans to announce the successor to outgoing CEO Noel ...
All Hong Kong civil servants to receive 3% pay rise, below rates recommended in pay trend survey
Secretary for the Civil Service Ingrid Yeung says ‘balanced decision’ made amid budgetary restraints and need for ‘financial prudence’.