As part of the latest push into Asia, the bank is plowing billions of dollars into wealth services in China. HSBC has hired 600 wealth managers ... ( read original story ...)
Hong Kong just won back ‘Asia’s biggest’ tech conference
By Michelle Toh, CNN Business Hong Kong has reclaimed its status as the host of a marquee Asian tech conference it lost last year, as organizers cite the city’s success in battling the coronavirus ... ( read original story ...)
Deutsche Bank Wins Back IPO Sponsor Qualification in Hong Kong
Deutsche Bank AG was reinstated as a sponsor for initial public offerings in Hong Kong after the German bank added three new senior hires. ( read original story ...)
Australia, Singapore and South Africa to test cross border central bank digital payments
Central banks in Australia, Singapore, Malaysia and South Africa will conduct a cross border payments trial using ... ( read original story ...)
Hong Kong’s troubles are deeper than even its own leaders realize
Hong Kong's wealthiest 1% are certainly enjoying a euphorically profitable COVID-19 pandemic. Whether by coincidence or design, two industries most to blame for a record income gap are sailing through ... ( read original story ...)
Mainland Records Massive Volume Day As Foreign Investors Buy In Size, Hong Kong Internet Rebounds
Takeaway: The PMI is a diffusion index with readings below 50 indicating contraction and above 50 indicating growth month over month. ( read original story ...)
Most Hong Kong funds sold to Chinese investors through Wealth Management Connect will be in yuan, industry players say
Hong Kong-based asset management companies will introduce more yuan share class funds to meet demand from mainland Chinese investors when the Wealth Management Connect scheme is launched, industry ... ( read original story ...)
Hong Kong national security police eye foreign collusion case against fund that paid out HK$243 million to protesters
Officers from National Security Department target 612 Humanitarian Relief Fund, which paid out HK$243 million to support anti-government protesters facing legal and economic issues. ( read original story ...)
Sunac Is Said to Mull Spinning Off Ski Resorts for Hong Kong IPO
Chinese developer Sunac China Holdings Ltd. is considering spinning off its indoor ski parks business for a Hong Kong initial public offering as early as next year, according to people familiar with ... ( read original story ...)
Finance chief stresses Hong Kong’s role in meeting Belt and Road financing needs
Hong Kong with great financial strengths can meet the financing needs of any Belt and Road project, Paul Chan, financial secretary of China's Hong Kong Special Administrative Region government, said ... ( read original story ...)
Hong Kong’s Hex Trust Secures Digital Custody License From MAS
Hex Trust, a Hong Kong-based digital asset custodian, has secured a CMS license from the Monetary Authority of Singapore (MAS). ( read original story ...)
Expect failures amongst Hong Kong’s virtual-only banks: S&P
Digital lenders are currently at a loss-making and some may fold over the next few years. Hong Kong’s virtual-only banks are set for losses for at least the next two years and several internet-based ... ( read original story ...)
Helens serves up Hong Kong listing
Bar chain kicks off IPO with an eye on future expansion, but comes amid growing scrutiny of drinking culture in China ... ( read original story ...)
Hong Kong’s Strict Quarantine Rules Threaten to Erodes Allure of Financial Hub
Hong Kong's government is facing growing pressure from business lobby groups to open borders or risk losing executives and investment as it shows no sign of easing one of the world's strictest ... ( read original story ...)