Shortage of ESG talent is global, because green finance has developed so quickly, acting secretary for financial services and the treasury says Financial Secretary Paul Chan says city will host ...
Asia regulators move to shore up confidence as banking concerns mount
SYDNEY/HONG KONG (Reuters) -Asian policymakers and regulators sought to reassure investors on Thursday about the resilience of their banking systems and played down contagion risks after a crisis of ...
HSBC, AIA pace Hong Kong stock losses amid Credit Suisse, SVB turmoil while Baidu slides as ChatGPT-like debut underwhelms
Credit Suisse to borrow up to 50 billion Swiss francs (US$53.7 billion) from the central bank to stem a confidence crisis Baidu crashed 6.4 per cent after unveiling its ChatGPT-like rival bot to much ...
China, Hong Kong stocks fall as growing banks turmoil unnerves investors
China and Hong Kong stocks fell on Thursday, weighed by new energy and oil stocks, as Swiss regulators’ unprecedented move to pledge a liquidity lifeline to top lender Credit Suisse stoked fears of a ...
Domino’s Pizza Franchiser DPC Dash Looks to Tap Hong Kong IPO Market
DPC Dash Ltd., the operator of Domino’s Pizza in China, is seeking to test investor’s appetite through an initial public offering in Hong Kong. The company, which postponed an IPO in December due to ...
Digital Banking: Hong Kong’s livi Bank Launches New Business Service to Empower SMEs
livi bank, which claims to be one of Hong Kong’s leading lifestyle and technology-driven virtual banks, recently announced the full launch of livi Business, which is described as its game-changing ...
Hong Kong stocks slump amid Credit Suisse sell-off as stress from SVB, other US bank failures clouds Fed rate path
Banks led losers in early trading. HSBC slipped 3.2 per cent to HK$53.40, while its subsidiary Hang Seng Bank declined 2.1 per cent to HK$115.10. ICBC weakened 0.5 per cent to HK$4.22. Insurer AIA ...
‘Money Machine’ Is Missing the Juicy Details of Chinese Banking
Review: ‘Money Machine’ Is Missing the Juicy Details of Chinese Banking Create an FP account ... based out of Hong Kong rather than the mainland. Sometimes, the reader learns more about ...
US stock fall as bank worries spread to Europe; Dow down 500
Three recent bank failures in the U.S. have investors on edge ... but fewer than one in five workers belongs to a union. The Hang Seng in Hong Kong jumped 1.5% to 19,539.87. The Kospi in Seoul surged ...
Bank Failure a Headache for China’s Tech Sector
It's not clear where Chinese firms will move their money now that their 'go-to' tech bank collapsed. Asian markets breathed the sigh of a relief rally on Wednesday, as the fallout from the failure of ...
Hong Kong Shares May See Renewed Support
The Hong Kong stock market turned lower again on Tuesday, one session after snapping the four-day losing streak in which it had ...
Hang Seng climbs 2%, leading gains in Asia-Pacific after Wall Street sees bank stocks rebound
Hong Kong's Hang Seng index led gains in the region and rose above 2% ... CNBC's Alex Harring and Sarah Min contributed to this report. Bank stocks in Singapore and South Korea rose across the board ...
HSBC, AIA, Country Garden lead decline in Hong Kong stocks as Hang Seng Index hits lowest level since December
HSBC falls by nearly 5 per cent after it announced on Monday it will buy Silicon Valley Bank's UK subsidiary Positive remarks about economic growth by new Chinese Premier Li Qiang do little to spur ...
Asian markets sink amid US banking woes
Asian markets sank on Tuesday, with banks bearing the brunt of the selling on fears of contagion in the sector after the collapse of two regional US lenders.The swift closure of Silicon Valley Bank ...