Bank crisis in US: The US-led banking turmoil is driving money into Asian assets, with investors betting that China and the region’s emerging economies are in a better position to weather the fallout.
Fewer applicants, more resignations for Hong Kong’s disciplined services over past 5 financial years
Applicants shrank 55 per cent from 93,300 in financial year ending March 31, 2019, to 42,100 in 2022-23 Total of 729 people resigned in 2022-23, 44 per cent more compared with 507 in 2018-19 Fewer ...
Fewer applicants, more resignations: Hong Kong’s disciplined services reveal recruitment figures for past 5 financial years
Applicants shrank 55 per cent from 93,300 in financial year ending March 31, 2019 to 42,100 in 2022-23 A total of 729 people resigned in 2022-23, 44 per cent higher compared with 507 in 2018-19 Fewer ...
What is the Taskforce on Nature-related Financial Disclosures? Why does its draft framework matter to businesses in Hong Kong?
The final draft of the Taskforce on Nature-related Financial Disclosures (TNFD) framework is a "much-needed" tool to help companies address the challenge of global biodiversity loss and the impact of ...
China-Hong Kong Swap Connect: Authorities Pave Way for Launch with Approval of Rules, According to Reports
Authorities have reportedly approved rules for the Swap Connect, enabling overseas investors to access the Chinese interest rate swap market.
Hong Kong online brokerage TOP Financial stock sinks 26%
Shares of Hong Kong-based online brokerage TOP Financial (NASDAQ:TOP) tumbled 26% in afternoon trading Wednesday. TOP shares opened at $6.70, hitting a high of $7.20 in late morning trading before ...
Luxury villa on Hong Kong’s The Peak up for tender, could fetch as much as US$122.5 million
However, Hong Kong's major lenders did not follow suit. HSBC and Bank of China (Hong Kong) kept their best lending rates unchanged at 5.625 per cent, while Standard Chartered kept its prime rate ...
HK’s BEA shares decarbonisation and sustainable development efforts in 2022
The bank was able to cut operational emissions by 29.7%. The Bank of East Asia has reaffirmed its commitment to reach net zero emissions in its operations by 2030 and its financed activities by 2050, ...
Hong Kong central bank buys over $905m to shore up currency
HONG KONG (Reuters) -- Hong Kong's de facto central bank bought $7.104 billion Hong Kong dollars worth of U.S. dollars ($905 million) during New York's Monday trading hours to stop the local currency ...
Paper packaging maker Millennium Group stock falls 24% after $5M IPO
Millennium Group International (NASDAQ:MGIH), a maker of paper packaging products in Asia, saw its stock sink 24% in afternoon trading Tuesday after holding a $5M US initial public offering. Shares of ...
Italian financial consultant in Hong Kong duped out of HK$14 million in bogus cryptocurrency investment as part of love scam
Man, 55, had responded to Tinder message from con artist pretending to be female investment broker in Singapore.
Vape products vendor Ispire sees stock jump as high as 34% after $19M IPO
Based in Los Angeles with significant operations in Hong Kong, Inspire is a developer and marketer of branded ... For more on Ispire, check out Donovan Jones's "Ispire Technology Tries Again for US ...
Yibin City Commercial Bank Considers $300 Million Hong Kong IPO
Yibin City Commercial Bank Co. is considering a Hong Kong initial public offering that could raise about $200 million to $300 million, according to people familiar with the matter.
Hong Kong risks financial crisis if public money spent poorly on artificial islands, Northern Metropolis, ex-housing minister says
He pointed out that, in the past, the government's formula for achieving strong financial returns by selling reclaimed land to developers had worked well during economic booms. "But now the economic ...