Tag "HSBC"
Job Cuts Hit Morgan Stanley and HSBC in China and Hong Kong
In a move reflecting the challenging market conditions in the Asia-Pacific region, particularly in Hong Kong and China, global investment banks Morgan Stanley and HSBC have recently implemented targeted job cuts within their investment banking teams. Sources indicate that Morgan
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What Does the Future Hold for SME Lending in Hong Kong?
The vibrant economy of Hong Kong is significantly bolstered by small and medium-sized enterprises (SMEs), which constitute nearly 99 percent of its business landscape and are central to the SME lending sector. With over 362,000 SMEs as of the end
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HSBC Gold Token to Democratise Gold Investment for Retail Customers in Hong Kong
HSBC has unveiled the HSBC Gold Token for its retail customers in Hong Kong. This development introduces tokenised gold to the retail market, accessible through the bank’s online and mobile platforms. The HSBC Gold Token, which represents physical gold ownership
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Is Hong Kong’s Financial Hub Status at Risk?
Globally, Hong Kong has made its mark as a financial hub alongside Singapore and Dubai. These city-states, while rivals in certain aspects, each present distinct strengths and face unique challenges, embodying the intricate dynamics of both local and global influences
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HKSTP and HSBC Partner to Strengthen Hong Kong’s Fintech Ecosystem
The Hong Kong Science and Technology Parks Corporation (HKSTP) and HSBC have announced a strategic partnership aimed at fostering innovation and enhancing bank-fintech collaboration. The three-year agreement, marked as the city’s inaugural public-private initiative in this domain, aims to strengthen
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Hong Kong Launches HK$6B Tokenised Digital Green Bonds Offering
The Government of the Hong Kong Special Administrative Region (HKSAR) of the People’s Republic of China has today announced the successful offering of approximately HK$6 billion in digital green bonds under its Government Green Bond Programme. This offering, denominated in
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MediConCen Raises US$6.85M in Series A Led by HSBC Asset Management
MediConCen Limited, an Insurtech company specialising in AI and blockchain-driven insurance claims automation, has announced the completion of its latest Series A funding round, raising US$6.85 million (HK$53.57 million). The investment was led by HSBC Asset Management, with participation from
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The Top 5 Fintech Trends that Will Dominate Hong Kong in 2024
Hong Kong, a key player in Asia’s financial sector, is progressively establishing itself in the global fintech scene, characterised by continuous technological advancements in finance. The top fintech trends in Hong Kong shaping this growth include the rise of digital
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Sidney Wang Appointed by Standard Chartered as Market Head in Hong Kong
Standard Chartered has appointed Sidney Wang as Managing Director and Market Head for Greater China in its Private Banking division. With over 20 years of experience in banking and wealth management, Sidney will be based in Hong Kong and report
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Klook Raises US$210 Million, Aims to Reinforce AI Integration
Travel and leisure booking platform Klook has closed a US$210 million (HK$1.6 billion) financing round. This capital injection will support product development, particularly in expanding city pass options, and bolster marketing initiatives via the Klook Kreator programme. In partnership with
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