A major wealth management company in China has told investors it can’t pay all its bills, reigniting fears that the country’s long-running real estate slump may be spilling over into the $3 trillion ...
Futu Announces Third Quarter 2023 Unaudited Financial Results
Net income increased by 44.6% to HK$1,091.2 million (US$139.3 million) from HK$754.6 million in the third quarter of 2022. Net income margin for the third quarter of 2023 expanded to 41.2% from 38.8% ...
Hong Kong bridge half marathon chiefs blame location for food, toilet, bus issues and apologise for finish-tape blunder
No food, not enough drinks, long queues and scarce toilets among the complaints from runners after officials' initial claim of 'perfect execution' HKAAA offers 'sincere apologies' for finish line ...
Hong Kong’s ZA Bank to roll out US stock trading services
The Hong Kong SFC has lifted previous conditions to the bank's securities license. Hong Kong’s ZA Bank has announced plans to roll out stock trading services in the US. This follows after the Hong ...
Hong Kong stocks fall to 1-week low on Fed rate concerns amid higher US inflation outlook
Most stocks weaken in early trading as the Hang Seng Index hits a one-week low. Concerns about inflation in the US keep investors at bay.
San Diego woman accused of stealing $8.5 million from Chinese boss in bank scheme
Ping Gao, who recently lost a $31.5 million civil judgement in trial over the same conduct, allegedly bought a $2.9 million Point Loma home with the stolen funds ...
Nvidia Weighs On Asia Tech Stocks As Hong Kong Internet Rebounds
Asian markets were mixed on light volumes as Nvidia’s earnings results and the company's mention of US government restrictions on chip exports weighed on tech stocks.
Mastercard says wide adoption of central bank digital currencies would be ‘difficult’ right now
The difficult part of CBDCs is adoption, Ashok Venkateswaran, Mastercard's blockchain and digital assets lead for Asia-Pacific, told CNBC.
Fitch Ratings affirms Bank of China (Hong Kong) at “A” (LT Int. Scale (foreign curr.) credit rating); outlook stable
Fitch Ratings affirmed the 'A' LT Int. Scale (foreign curr.) credit rating of Bank of China (Hong Kong) on November 21, 2023.
Hong Kong needs art financing ecosystem to complement efforts in luring global family offices to city, industry players say
Art collections and financing are major priorities for family offices because the richest clans want to develop and protect their legacy, Manulife's Damien Green says Green's StudioKT to open in Kwun ...
Exclusive-China to Name Finance Veteran Zhu as New Forex Chief, Sources Say
BEIJING/HONG KONG (Reuters) - China is set to appoint Zhu Hexin, a veteran banker and chief of state-run financial conglomerate CITIC Group, as the new head of its foreign exchange regulator, four ...
Hong Kong investment bankers have lots of free time and anxiety as deals slump, lay-offs intensify
The big China deals that lined rainmakers’ pockets for decades have evaporated. Banks and law firms alike are cutting jobs. Those that remain are chasing smaller deals and taking extended vacations.
Hong Kong stock exchange operator HKEX launches digital IPO platform FINI as listings drop to two-decade low
Bourse operator HKEX launched a new digital platform for IPOs, which is expected to speed up settlements and reduce investor risks.
Hong Kong stocks give up earlier gains to close lower as mainland Chinese traders’ sell-off of local shares dampens sentiment
Stocks rally after China’s central bank set the yuan reference rate above expectations, lifting the currency to a four-month high. Gains are also supported by earnings outlook before Baidu and ...