Police say suspects, aged between 19 and 65, are holders of bank accounts linked to 66 cases, involving HK$67 million in losses Highest amount of money lost was HK$10 million in case involving 73-year ...
Hong Kong Q3 GDP expands 4.1% on-year, growth forecast revised lower
Hong Kong's economy expanded 4.1 per cent in the third quarter from a year earlier, beating growth of 1.5 per cent in the second quarter and 2.9 per cent in the first, the government said on Friday ...
Hong Kong police arrest 4 on suspicion of conning 11 people out of HK$8.5 million
Fraud syndicate members posed as bank employees and cold-called targets to offer loans with low interest rates Victims include retired civil servant who lost his entire HK$2 million retirement fund to ...
Syngenta IPO Delay Underscores Asia’s Listing Malaise
Hi, it’s Alexandra Muller in London and Filipe Pacheco in Hong Kong. As noted in Thursday’s newsletter, some folks are starting to become more optimistic about M&A in Asia. The same can’t be said for ...
Hong Kong poised to attract more of Asia’s wealth as measures draw family offices: JPMorgan’s Hong Kong CEO
Hong Kong is probably going to be one of the biggest wealth centres in the world, and Singapore is catching up very quickly,’ says Harshika Patel.
Hong Kong’s first green loan for logistics sector, worth US$1.13 billion, will finance cold storage facility in Kwai Chung
ESR Group, a real estate services and investment company, and property firm Chinachem Group have secured Hong Kong's first green loan for a logistics facility, worth HK$8.8 billion (US$1.13 billion).
Ransomware attack on China’s biggest bank may have hit US Treasury market
A US unit of the Industrial and Commercial Bank of China (ICBC) was hit by a ransomware attack this week that disrupted some of its systems, reportedly hitting liquidity in US Treasuries which may ...
Hong Kong Lowers 2023 GDP Expectations as Recovery Sputters
Hong Kong lowered its economic growth forecast for this year in a sign that tough times are still ahead for the financial hub amid a muted post-pandemic recovery.
Hang Seng index punched as Hong Kong, China risks keep coming
The Hang Seng index record of underperformance continued this week as concerns about the Chinese economy continued. The index has dropped for four straight days and is now nearing the lowest level in ...
Hong Kong poised to manage ‘lion’s share’ of Asia’s wealth as measures draw family offices: JPMorgan private bank CEO
Hong Kong is probably going to be one of the biggest wealth centres in the world, and Singapore is catching up very quickly,’ says Harshika Patel.
Mainland China, Hong Kong and Macau eye closer cooperation to boost fintech innovation in Greater Bay Area
Financial regulators from mainland China, Hong Kong and Macau have proposed to undertake stronger collaboration between the three jurisdictions to promote fintech in the Greater Bay Area.
Wuxi Biologics Unit’s Hong Kong IPO Closes Order Book a Day Early, Sources Say
A unit of Wuxi Biologics closed its order book a day early for its initial public offering, people familiar with the matter said, a rare instance of hot demand in a choppy year for listings in Hong ...
Deutsche Bank boosts Asia bets as clients seek Wall Street alternative -CEO
Deutsche Bank is investing more in Asia Pacific markets to woo clients seeking European lenders amid Sino-U.S. tensions and to profit from the region's higher economic growth compared to other major ...
Swiss Crypto Bank SEBA Wins Hong Kong License
The bank's Hong Kong unit can now deal in and distribute securities, including virtual assets-related products.