The Hong Kong stock market has moved higher in four straight sessions, accelerating almost 480 points or 4 percent along the way. The ...
Hong Kong gov’t may face larger deficit than expected, as finance chief cites weak land sales
The Hong Kong government may face a larger deficit than expected this year, finance minister Paul Chan has said, citing poor land sales amid a struggling property market. Speaking on a Commercial ...
Hong Kong won’t deter financial fraud by blacklisting bank accounts
As businesses rush to tackle this growing problem, the police force, Monetary Authority and the Hong Kong Association of Banks are reportedly working together to stay ahead of fraudsters. They plan to ...
Hong Kong eyes stronger ties with Thailand to boost its economic growth in Southeast Asia
Thailand and Hong Kong have agreed to promote more business exchanges as Hong Kong seeks more economic opportunities in Southeast Asia.
Hong Kong’s affluent become millionaires by the age of 33 on average, wary about property as store of wealth, survey finds
Hong Kong’s affluent become millionaires by the time they turn 33 on average, according to an annual survey by HSBC, which also found that respondents were confident about reaching the next milestone ...
HKers become millionaire at the age of 33: HSBC
A survey has found that affluent Hongkongers, on average, achieve millionaire status at the age of 33. HSBC surveyed 1,098 people, aged between the ...
Scammers steal HK$3.5 million worth of virtual assets from Binance accounts using fake text messages, Hong Kong police say
bank accounts and mobile phone numbers or IP addresses. Police handled 18,743 deception cases between January and June this year, an increase of 52 per cent from 12,326 logged over the same period in ...
Hong Kong gov’t expected to face larger deficit than expected, as finance chief cites weak land sales
The Hong Kong government is expected to face a larger deficit than expected this year, finance minister Paul Chan has said, citing poor land sales amid a struggling property market. Speaking on a ...
HSBC buys Citigroup’s $3.6bn China consumer wealth business
HSBC has agreed to buy Citigroup’s consumer wealth business in China as it pushes ahead with its focus on Asian markets.Citi has offloaded the unit for an und ...
PM in Hong Kong to court investors, drum up business
Prime Minister Srettha Thavisin on Monday assured potential investors in Hong Kong that Thailand is open for business and ready to facilitate investment.
Saudi central bank seeks regular dialogues, closer ties with monetary authorities of mainland China and Hong Kong to spur kingdom’s transformation
The Saudi central bank is looking to strengthen its connections with the People's Bank of China (PBOC) via bilateral dialogues, collaborations in multilateral forums Bilateral dialogues can help the ...
Citi Sells China Consumer Business To HSBC As British Bank Doubles Down On Asia
Citi said the deal will pass its China consumer wealth portfolio, including clients, assets under management and deposits to HSBC Bank China. Citi said the portfolio is worth approximately $3.6 ...
Citigroup confirms sale of China-wealth unit to HSBC
Citi has now exited eight of 14 markets after revealing plans in early 2021 to exit its overseas consumer-banking businesses.
HSBC/Citi: taking over China wealth unit is easy win
HSBC needs to fend off Asia-focused rival Standard Chartered. StanChart is gaining traction in China after receiving approval from local regulators this year to set up a securities unit in the ...