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26.05.26 - 02:06
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HSBC Hong Kong targets 7.5 million customers, same number as city′s population (SCMP)
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HSBC is targeting an increase in its Hong Kong client base to match the city's population of 7.5 million, a goal to be driven mainly by international investors, according to its Hong Kong CEO Maggie Ng.
Hong Kong has already seen almost 2 million new customers sign up to the HSBC Hong Kong office over the past two years, bringing its total customers to 7 million at the end of last year.
“It is my short-term target to see the total customers reach 7.5 million. As Hong Kong only has a population......
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25.05.26 - 14:00
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Hong Kong-based Jardine Matheson buys Australian diagnostic group I-MED for US$2.4 billion (SCMP)
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Jardine Matheson, an investment company headquartered in Hong Kong, announced on Monday the A$3.4 billion (US$2.4 billion) acquisition of the entire stake of an Australian diagnostic and teleradiology group.
The acquisition of I-MED Radiology Network, which spans 215 diagnostic imaging clinics across metropolitan and regional communities in Australia and New Zealand, is one of Jardine Matheson's largest in recent years, following its full takeover of the luxury hotel unit Mandarin Oriental in a......
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25.05.26 - 13:06
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CSRC′s crackdown on cross-border trading involves US$32b in Hong Kong assets: Citic (SCMP)
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Investors may find out how Hong Kong's stock market will react to mainland China's crackdown on illegal cross-border securities trading on Tuesday, as Citic Securities estimates an impact on as much as HK$250 billion (US$31.9 billion) of assets in the city, a negligible amount for the third-largest stock market in Asia.
The sweeping campaign may affect between HK$150 billion to HK$180 billion worth of assets owned by mainland Chinese investors with Hong Kong stock accounts at Futu Securities......
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25.05.26 - 10:00
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Hang Seng Index review to boost market capitalisation by 4.5 per cent: Goldman Sachs (SCMP)
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The latest quarterly review of the Hang Seng Index will likely boost the capitalisation of the benchmark of Hong Kong stocks by 4.5 per cent and attract buying of stock including Tencent Holdings and BeOne Medicine, according to Goldman Sachs.
The market capitalisation of the Hang Seng Index is expected to rise to US$2.15 trillion after the review result showed on Friday that biotech firm BeOne Medicine, Aluminum Crop of China (Chalco) and parcel delivery firm J&T Global Express would join the......
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25.05.26 - 02:06
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Rich environments: Hong Kong banks pour money into wealth centres in pricey premises (SCMP)
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HSBC Holdings and its subsidiary Hang Seng Bank, Standard Chartered Bank and China Citic Bank International (CNCBI) are among the major lenders rushing to open luxury wealth centres in Hong Kong to capture high-net-worth customers.
HSBC last week opened its fifth such centre, on the 58th floor of Two International Finance Centre, with 13,000 sq ft and 34 meeting rooms with harbour views. This is in addition to its similar centres located in the HSBC building in Central, the International......
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24.05.26 - 05:30
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Mainland brands power Hong Kong retail recovery as F&B is joined by fashion and beauty (SCMP)
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Hong Kong is likely to attract more mainland Chinese retail brands, but unlike the previous wave, non food and beverage (F&B) retailers are the ones ramping up their presence, according to analysts.
The change in profile of mainland brands coming to Hong Kong is helping the city's landlords fill vacant spaces amid an uneven recovery in the retail property market, according to JLL.
In the first four months of the year, more than one fifth of new entrants in the city's retail market were mainland......
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24.05.26 - 05:00
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Is Hong Kong following Beijing′s lead and ousting Western tech? (SCMP)
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Hong Kong's technology infrastructure is undergoing a major transformation as local government and businesses replace Western products with domestic alternatives, driven by closer integration with mainland China and rising geopolitical risks, according to tech experts.
US tech giants like Microsoft have long “served as the bedrock of Hong Kong's digital landscape”, but that dominance is now being actively contested, particularly in the government sector, according to Francis Fong Po-kiu,......
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24.05.26 - 04:30
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How Hong Kong′s investors can gain exposure to SpaceX′s record-breaking US$75 billion IPO (SCMP)
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Hong Kong investors gearing up for SpaceX's US$75 billion initial public offering (IPO) on Wall Street could find a variety of ways to gain exposure to what is expected to be the world's biggest-ever stock flotation.
Local stock traders could subscribe to the IPO through brokerages offering service access to US stocks, such as Futu Securities International and Tiger Brokers. While this would be the most direct way of taking part in SpaceX's offering, it requires a higher asset threshold and is......
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23.05.26 - 11:48
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SHKP sells out latest flats in Tsuen Wan as Hong Kong property market continues recovery (SCMP)
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Hong Kong developers sold most of the more than 120 new flats made available to homebuyers on Saturday as the local residential market continues its recovery on the back of improving China–US relations and talent flows into the city.
By 12.30pm Saturday, Sun Hung Kai Properties (SHKP) had sold all 87 units on offer at the Lime Spark project in Tsuen Wan in the New Territories, with one buyer spending more than HK$40 million (US$5.1 million) to purchase six two‑bedroom units, according to Midland......
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