HONG KONG] The pile of non-performing loans (NPLs) at Hong Kong lenders has grown so large that some in the industry have discussed the creation of a “bad bank” to soak up the financial hub’s soured ...
Hongkongers prioritise quality over longevity in retirement: Manulife
Hongkongers want to ‘live independently and do what is important’ rather than simply live longer, a survey of 1,000 residents shows.
Chinese AI firm MiniMax targets $4 billion-plus valuation in Hong Kong IPO, sources say
Chinese AI startup MiniMax has filed confidentially for a Hong Kong initial public offering, targeting a valuation of over $4 billion in the flotation, which could happen before the end of this year, ...
Yeahka to support HSBC Digital Merchant Services in Hong Kong
The move introduces additional payment methods for merchants, incorporating services such as Alipay, AlipayHK, and WeChat Pay.
Hong Kong property sector could face challenges but ‘risks are manageable’: FSDC chair
There is no need to worry about anything like ‘too big to fail’ because the fact is, the property sector only represents a small portion of Hong Kong's economy and bank loa ...
Chinese AI firm MiniMax files confidentially for Hong Kong IPO, sources say
Chinese AI startup MiniMax has filed confidentially for a Hong Kong initial public offering, targeting a valuation of over $4 billion in the float, which could happen before the end of this year, ...
Hong Kong wealth, fund assets hit HK$35.1 trillion as inflows surge
HONG KONG] Hong Kong’s assets under management across its asset and wealth management industry rose 13 per cent to HK$35.1 trillion (S$5.7 trillion) as inflows surged last year, underscoring a ...
BOC seizes P304-M illegal drugs in separate ops at NAIA
The Bureau of Customs-Ninoy Aquino International Airport (BOC-NAIA) seized over 44 kilograms of suspected shabu worth over PHP304 million in two separate interdiction operations at Terminal 3 in Pasay ...
BOC seizes nearly P2M in undeclared cash from passenger bound for Hong Kong
CUSTOMS authorities have confiscated P1.199 million in undeclared local currency from a 26-year-old male passenger bound for Hong Kong, citing a violation of th ...
Citi to boost Japan investment banking headcount up to 15%, executive says
Citigroup plans to raise its investment banking headcount in Japan by 10% to 15% over the next year and make new hires in Australia, as part of its strategy to bolster growth in the Asia Pacific, its ...
Chinese AI Startup MiniMax Files for Hong Kong IPO, Sources Say
MiniMax has confidentially filed for an initial public offering in Hong Kong, according to people familiar with the matter, signaling the onset of a race among China’s generative AI startups to tap ...
HK-bound man caught at Cebu airport with over P1.1M undeclared cash
A 26-year-old Filipino man was intercepted at the Mactan-Cebu International Airport (MCIA) on July 14, 2025, for attempting to leave the country with more than P1.1 million in undeclared cash.
Mainland China Heavyweights Lift Hong Kong To Top IPO Destination
Hong Kong will likely fortify its position as one of the world's top destinations for equity fundraising, driven by secondary listings by companies based in mainland China.
China Merchants Bank’s brokerage arm receives virtual asset licence in Hong Kong
CMB International Securities (CMBI), the brokerage arm of China Merchants Bank, said it received a virtual asset licence from Hong Kong’s Securities and Futures Commission, making it the first ...