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11.02.26 - 17:00
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DBS bets on Hong Kong as wealth fortress (SCMP)
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DBS Bank (Hong Kong) Limited (“DBS Hong Kong”) is pressing ahead with a three-year plan to recruit 100 wealth managers in Hong Kong, a substantial expansion that bets on the city's entrenched role as a safe haven for capital during periods of global uncertainty.
The move by the Singaporean lender, which holds the title of Asia's Safest Bank for a 17th consecutive year, is a direct response to strengthening demand from......
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11.02.26 - 14:00
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Hong Kong executives trail employees in AI adoption: McKinsey (SCMP)
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The majority of Hong Kong's white-collar workers are embracing artificial intelligence in their daily work, but executives' reluctance to use the technology risks slowing enterprise-wide adoption, according to a survey by McKinsey & Company.
Nearly 70 per cent of white-collar workers in Hong Kong use AI, with more than 90 per cent engaging with the tools at least once a day, according to findings from the consulting firm's local survey released on Wednesday.
Most workers use AI for specific......
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11.02.26 - 10:36
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Hong Kong bridges traditional and digital finance worlds with new virtual asset initiatives (SCMP)
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Hong Kong's securities regulator unveiled several new initiatives on Wednesday aimed at further developing the city's virtual asset sector while strengthening investor safeguards.
The announcements by the Securities and Futures Commission (SFC) coincided with Consensus 2026, a major cryptocurrency conference running this week at the Hong Kong Convention and Exhibition Centre, attended by industry figures such as Binance CEO Richard Teng and Solana Foundation president Lily Liu.
“[At Consensus......
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11.02.26 - 07:06
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Gold demand surges in Hong Kong ahead of Lunar New Year (Bloomberg)
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As gold and silver prices hold near record highs, dealers in Hong Kong say demand is surging ahead of Lunar New Year. Retail clients are snapping up small bars and coins as gifts, while trading volumes have soared compared with last year. But supply constraints, especially in silver, are raising concerns about whether the momentum can last. (Source: Bloomberg)...
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11.02.26 - 02:54
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Hong Kong stocks rise as positive holiday bias sets in ahead of Lunar New Year (SCMP)
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Hong Kong stocks rose on Wednesday, supported by holiday-related flows ahead of the Lunar New Year break, with investors adjusting positions as the market heads into a shortened trading schedule next week.
The Hang Seng Index rose 0.2 per cent to 27,246.18 at the open, adding to the 0.6 per cent gain recorded on Tuesday. The Hang Seng Tech Index climbed 0.2 per cent. On the mainland, the CSI 300 Index and the Shanghai Composite Index were little changed.
Wuxi Biologics jumped 3.6 per cent to......
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10.02.26 - 13:36
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Hong Kong residential plot fetches US$230 million as Chinese developer outbids city rivals (SCMP)
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Hong Kong-listed mainland developer China Overseas Land & Investment won a bid for a 3,132-square-metre (33,712 sq ft) residential plot in Kowloon East, beating some of the city's largest developers with a higher-than-expected tender.
The state-backed developer beat eight rivals to secure a 50-year grant for the parcel in Ngau Tau Kok with its bid of HK$1.8 billion (US$230 million), according to a statement from the Lands Department on Tuesday. The site is expected to yield 470 flats.
The plot......
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10.02.26 - 12:30
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China′s property woes likely to hurt some Hong Kong banks′ 2025 earnings: Citi (SCMP)
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China's commercial real estate stress will force some Hong Kong banks with significant exposure to the sector to set aside additional reserves for potentially higher non-performing loans, which could weigh on their second-half 2025 earnings, according to Citi.
In a report on Tuesday, Citi Research said Bank of China (Hong Kong) (BOCHK), the Hong Kong subsidiary of state-owned Bank of China, and Bank of East Asia (BEA) had the highest exposure to China's commercial real estate, which is under......
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10.02.26 - 09:09
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Aktien Asien: Deutliche Anschlussgewinne in Japan (DPA-AFX)
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TOKIO/SHANGHAI/HONGKONG/SYDNEY (dpa-AFX) - Die asiatischen Börsen haben am Dienstag zumeist zugelegt. Von Japan abgesehen, hielten sich die Bewegungen allerdings in Grenzen. Die Börsen folgten mit ihrem Anstieg den Vorgaben der US-Technologiewerte. Hier ......
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10.02.26 - 08:24
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Hong Kong family offices jump 25% as the wealthy shift focus from US: Deloitte (SCMP)
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Hong Kong housed nearly 3,400 single-family offices by the end of last year, a 25 per cent rise in two years, as the affluent refocused on the city amid US-centred trade tensions and the rise of China's tech sector, according to a report by Deloitte on Tuesday.
The global auditing firm made the estimates after surveying 136 market participants across Hong Kong's family office sector, including 85 single-family offices, whose wealth originated across all major regions, and 36 multi-family offices......
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