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Tag: Hong Kong

Posted on September 29, 2023

IFC’s Hong Kong-based regional head to lead climate and sustainability efforts in East Asia, Pacific

Anna Ng, as IFC’s regional head of operations for East Asia and the Pacific, will focus on strategy implementation as well as fundraising efforts IFC and HKMA have launched initiatives to tackle …
Posted on September 28, 2023

China Liked Pope’s Recent Overture, Beijing Bishop to Visit Hong Kong

VATICAN CITY (Reuters) – The overture Pope Francis made to China earlier this month while he was in Mongolia was “well received” by Beijing’s communist government, which has given a mainland bishop permission to visit Hong Kong, the archbishop of Hong Kong said on Thursday.
Posted on September 28, 2023

Evergrande: Why should I care if China property giant collapses?

Evergrande suspended the trading of its shares in Hong Kong on Thursday. It marks another low for the firm which was declared to be in default in 2021 after missing a crucial repayment deadline, triggering China’s current real estate market crisis.
Posted on September 28, 2023

Exclusive-HSBC to acquire Citigroup China consumer wealth business -sources

By Selena Li HONG KONG (Reuters) -HSBC is set to acquire Citigroup’s China consumer wealth management business, which manages more than $3 billion in assets, two sources with knowledge of the matter said,
Posted on September 28, 2023

Trading Of Shares Of Heavily Indebted Property Developer China Evergrande Suspended In Hong Kong

The Hong Kong stock exchange says trading of shares of heavily indebted Chinese property developer China Evergrande Group has been suspended.
Posted on September 27, 2023

Chinese tycoon Chen Hongtian’s seized luxury Hong Kong flat sells for US$53 million, 39% below market price

A 5,154 sq ft flat in Opus Hong Kong, seized from Chen Hongtian earlier this year, has sold for US$53 million to Kwai Sze Hoi, chairman of Hong Kong-listed Ocean Line Port Development, sources say.

( read original story …)



Posted on September 27, 2023

Don’t write off Hong Kong and mainland China despite headwinds, Post’s ‘Redefining Hong Kong’ conference hears

Hong Kong and mainland China might be facing headwinds currently, but investors should not write them off as investment opportunities still abound, analysts say at a family office conference hosted by …

( read original story …)



Posted on September 27, 2023

US Issues New Iran-Related Sanctions, Treasury Website Shows

WASHINGTON (Reuters) – The United States imposed new Iran-related sanctions on Wednesday on individuals in China and Iran and entities in Turkey, the United Arab Emirates and Hong Kong, the Treasury Department’s website showed. Copyright 2023 Thomson Reuters.
Posted on September 27, 2023

Will Singapore or Hong Kong finance the South’s next transition?

Within Asia, the richer and aging North East Asia (Japan, South Korea, China, Taiwan, Hong Kong SAR) are huge net savers, with net investment surpluses (including Singapore), amounting to $10.4 …
Posted on September 26, 2023

China’s Alibaba kicks off restructuring with plan to list logistics arm in Hong Kong

Alibaba Group on Tuesday kicked off its restructuring with a plan to list its logistics arm Cainiao in Hong Kong that would make the unit the first to be separated since the Chinese e-commerce giant …

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