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27.04.26 - 10:42
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HSBC ′reviewing′ private school perk for bankers in Hong Kong (The Guardian)
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Hundreds of senior staff in territory benefit from nearly £30,000-a-year grant per child not available to staff in group's other hubs HSBC is reportedly reviewing a perk that covers school fees for bankers in Hong Kong as part of a big overhaul of the bank under chief executive Georges Elhedery.Europe's largest bank is considering whether to scrap the perk for new employees or make changes to total compensation, Bloomberg News reported. No decisions have been made yet. Continue reading......
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27.04.26 - 06:00
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China′s solar giant Sungrow revives Hong Kong IPO plan amid rising demand for clean energy (SCMP)
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China's solar giant Sungrow Power Supply has filed a fresh application to list in Hong Kong, reviving plans initiated last year, as a wave of mainland companies seeks offshore funding to support overseas expansion.
The Shenzhen-listed solar inverter and energy storage system maker submitted its latest application proof to the Hong Kong stock exchange after an earlier filing in October lapsed, according to exchange disclosures late on Friday.
Sungrow, one of the world's largest suppliers of......
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27.04.26 - 02:06
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How the Middle East war is boosting family offices, private banking in Hong Kong and Asia (SCMP)
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The Middle East war has created new opportunities for family offices and private banking businesses in Hong Kong and Asia, as wealthy investors in the region seek to diversify their investments away from the conflict zone, according to industry players.
Ida Liu, CEO of HSBC Private Bank, said some affluent Middle Eastern customers were diversifying into Asia. The bank is the largest wealth manager in Asia with US$1.05 trillion in wealth balances in Asia last year, up 16.3 per cent from a year......
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27.04.26 - 01:00
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Can faster settlement sharpen Hong Kong′s edge as a global financial hub? (SCMP)
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Hong Kong is known for its speed. Now it is set to move even faster, with plans to shorten stock settlement times from next year – a shift that could strengthen its standing as an international financial centre.
The city's stock market has operated on a T+2 settlement cycle for more than three decades, meaning trades are completed two days after they are executed.
That may soon change.
Hong Kong Exchanges and Clearing (HKEX) is consulting the market on a proposal to move to a T+1 cycle, under......
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26.04.26 - 08:06
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Frenzy for Hong Kong luxury homes set to continue after 156% sales rise in first quarter (SCMP)
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Hong Kong's sales of luxury homes more than doubled in the first quarter from a year earlier, helped by a buoyant stock market and attractively priced assets that drew the attention of wealthy investors including mainland Chinese buyers, according to analysts.
The segment was likely to record another increase in the second quarter, they added.
“With the wealth effect from accumulated gains in the stock market over the past two years, both local and mainland Chinese capital have seized the......
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25.04.26 - 11:42
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Hong Kong developers clear stock amid strong demand and shrinking supply (SCMP)
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Hong Kong developers released nearly 300 new flats to the market amid enthusiastic demand from potential homebuyers as the latest official data show completion of private residential units is set to decline this year and next.
As of 3pm, 138 out of 218 units at the One Victoria Cove Phase I in Hung Hom, jointly developed by Henderson Land Development, Hysan Development and Empire Group, were sold, while at the Pavilia Farm III atop Tai Wai station in Sha Tin by New World Development (NWD) and......
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24.04.26 - 12:00
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Life insurance sales in Hong Kong hit record amid ′rise of millionaires′ (SCMP)
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Life insurance sales in Hong Kong rose 50.6 per cent to another record last year as affluent customers continued to buy policies in the city for wealth transfer, protection and medical needs.
The industry wrote HK$330.9 billion (US$42.2 billion) in new life policies in 2025, compared with HK$219 billion a year earlier, which was also a record, according to data from the Insurance Authority released on Friday.
The continuous growth of the business in recent years was due to more wealthy people......
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23.04.26 - 13:00
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Chinese economist Fu Peng joins Hong Kong-listed Bitfire, hails crypto′s historic rise (SCMP)
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Chinese economist Fu Peng, whose candid remarks about the country's economic ills went viral, has joined a Hong Kong cryptocurrency firm as chief scientist, hailing the “historical” leap of digital assets into mainstream finance despite their current slump.
“[Digital assets] have become mature enough to be added to investment portfolios,” Fu said in Hong Kong on Thursday, addressing audience members at an event organised by his new employer Bitfire Group, a Hong Kong-listed crypto asset......
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23.04.26 - 11:30
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Hong Kong′s Langham group among first to invest in Beijing′s ′city of the future′ Xiongan (SCMP)
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A hotel operator's planned entry into Xiongan New Area southwest of Beijing highlights a tentative but growing alignment between Hong Kong's private sector and the state-backed development project, as leaders renew efforts to accelerate the zone's transformation into a hi-tech growth hub.
Hong Kong-based Langham Hospitality Group, a wholly owned subsidiary of Great Eagle Holdings, said on Thursday that it had signed a management agreement with China Xiongan Group Public Service Management to......
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