the Hong Kong dollar, the US dollar, and the euro, respectively, with the size of the issuance to be determined, according to people familiar with the matter who requested anonymity discussing private ...
HSBC Holdings PLC ADR HSBC
HSBC has cost advantages and significant intangible assets in its core market of Hong Kong that help it generate strong earnings there even when the local economy is weaker. HSBC has operations in ...
Hong Kong to Raise Protection on Bank Deposits to HK$800,000
Hong Kong will raise its guarantee on bank deposit savings to HK$800,000 ($102,000) starting at the earliest in the fourth quarter of this year to provide a better buffer during times of stress. At a ...
Hong Kong stocks lifted by regulator pledge to stem the rout and stepped-up buying by China sovereign wealth fund
Hong Kong stocks rose on Tuesday after CSRC pledged a slew of measures to stem the rout and the nation’s sovereign wealth funds boosted buying of onshore shares.
Hong Kong needs to more closely vet private sector event promoters who get public funds in wake of Lionel Messi anger, analysts say
Lawmaker Elizabeth Quat says events that leave fans disappointed risk reputational damage as well as public cash Tatler Asia announces it will withdraw its HK$16 million application for government ...
AI scammer deepfaked CFO of company, scammed $25.6 million in a single meeting
This thief used AI deepfake technology where he faked being the Chief Financial Officer (CFO) of the UK branch, scamming $25.6 million USD.
Markets mixed after Wall St losses, Shanghai and Hong Kong rally
Asian markets were mixed Tuesday following a drop on Wall Street, though Shanghai and Hong Kong were lifted by a pledge by authorities to boost investment in a range of stocks as they look to staunch ...
Hang Seng Bank names new risk committee chairman
Kenneth S Y Ng is stepping down from the role. Hong Kong’s Hang Seng Bank has named Xiao Bin Wang as the new chairman of its risk committee, effective from the end of the annual general meeting in May ...
Scammers Exploit Deepfake Technology to Defraud Hong Kong Financial Institution of $25.6 Million
In a startling incident that sent shockwaves through the financial sector, scammers used deepfake technology to defraud an unnamed Hong Kong-based financial institution of a staggering $25.6 million.
Soccer superstar Lionel Messi sat out an exhibition game in Hong Kong, and it cost the organizers $1.9 million in government money
On Sunday, Hong Kong’s soccer fans hoped to catch a glimpse of Inter Miami’s Lionel Messi in a friendly exhibition match against the city's local team. But their hopes were soon dashed when they ...
Banks prepare for new rules allowing Hong Kong, Macau homebuyers to bypass daily remittance cap when buying property in Greater Bay Area
Hong Kong and mainland Chinese banks are preparing for a new cross-border payment regime that will make it easier for Hong Kong and Macau homebuyers to transfer the funds they need to purchase ...
DBS HK opens 15,000 sqft Treasures Centre at 18 Queen’s Road Central
It will have a team of WM professionals to provide HNWIs with wealth solutions. DBS has opened a new Treasures Centre at 18 Queen’s Road Central in Hong Kong. The 15,000 sqft facility features a ...
FSS officials to visit Hong Kong in short selling probe
South Korean financial regulators are set to collaborate with their counterparts in Hong Kong as part of its ongoing investigation into illegal short selling involving Hong Kong-based companies. The ...
Hong Kong stocks start week on downbeat note as lack of solid government support measures and geopolitical risks weigh
The China Securities Regulatory Commission pledged to rein in wild fluctuations in the stock market, but was mum on how it intends to revive investor confidence The Hang Seng Index fell 0.2 per cent ...