HSBC HOLDINGS (00005.HK) announced it has issued US$2.3 billion 5.887% Fixed Rate/Floating Rate Senior Unsecured Notes due 2027 and US$700 million Floating Rate Senior Unsecured No... HSBC HOLDINGS ...
Tokenization Could Improve Bond Market Efficiency, Hong Kong Regulator Says
A successful $100 million tokenized green bond issuance earlier this year has convinced the Hong Kong Monetary Authority to continue exploring tokenization to improve financial markets.
Hong Kong’s tokenised green bonds saw efficiency gains from blockchain-based trading, HKMA says, but challenges remain
Project Evergreen, which issued US$102 million in green bonds on a distributed ledger in February, saw 'significant operational improvement' in trading Challenges to wide adoption remain in the ...
Hong Kong arrests 6 for loan fraud scheme using AI deep fakes
Six individuals have been arrested in Hong Kong after allegedly using artificial intelligence ... to apply for loans online with financial institutions," said Cyber Security and Technology Crime ...
In first, Hong Kong police arrest 6 over finance scams involving deepfake technology
Hong Kong police have arrested six people over the use of deepfake technology to take out loans in other people’s names. Addressing reporters on Friday, superintendent Dicken Ko said that, with the ...
Hong Kong stocks drop, trimming weekly gain on mixed corporate earnings, Fed rate policy outlook
NetEase and Meituan weaken as investors choose to focus on the downside risks in their latest report cards Fed retains its hawkish stance on rate policy while traders await Chair Jerome Powell's ...
HSBC Buys Back Over 4.57M Shrs for $283M Ytd
HSBC HOLDINGS (00005.HK) announced that it repurchased a total of 4.5718 million shares in the UK and Hong Kong markets yesterday (14th), involving a total of HK$283 million.Of the... HSBC HOLDINGS ...
Hong Kong police arrest 6 in crackdown on fraud syndicate using AI deepfake technology to apply for loans
Force says case marks first known instance of scammers with stolen ID cards employing deepfake to fleece financial agencies.
Bank of Communications, China Merchants Bank report increasing bad loans amid property crisis
The situation of controlling the risks from the property sector remains serious,’ a Bank of Communications spokesperson says.
Hong Kong Stocks End Week With Steep Loss
Hong Kong shares sank Friday with the rest of Asia as traders await a keep speech later in the day by Federal Reserve boss Jerome Powell, while US jobs data dented hopes the central bank will hold off ...
Hong Kong police arrest 458 people in 17-day crackdown on money laundering syndicates handling HK$470 million in crime proceeds
Hong Kong police have arrested more than 450 people during a 17-day crackdown on crime syndicates behind the laundering of HK$470 million (US$59.9 million) in suspected illegal proceeds. The operation ...
Dowsure Signs multi-million-dollar Asset-Backed Loan with HSBC
SHENZHEN, China, Aug. 25, 2023 /PRNewswire/ -- Dowsure as a pioneer of digital API platforms for cross-border e-commerce, today announced that it has received a multi-million-dollar Asset-Backed Loan ...
Bank of East Asia, China Construction Bank earnings marred by rise in bad loans to mainland’s distressed property sector
Bank of East Asia's non-performing loans in China rose by 0.4 percentage points to 3.15 per cent of its total lending in the first half China Construction Bank's bad loans to China's real estate ...
Hong Kong stocks drop, trimming weekly gain on mixed bag of corporate earnings, Fed rate policy outlook
Hong Kong stocks snapped a three-day rebound as earnings results from some industry bellwethers heightened concerns about their business outlook, while the US central bank retained a hawkish stance on ...