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Tag: Hong Kong

Posted on August 13, 2023

CK Asset’s history of using discounts to hone its edge, clear inventory to survive Hong Kong’s property market slumps

Tens of thousands of people queued for hours on Saturday to get their hands on something unseen for seven years in Hong Kong: new flats on offer by one of the city’s most renown developers at prices …

( read original story …)



Posted on August 12, 2023

Hong Kong Virtual Asset Exchange Set To Become Third Licensed Operator, Bridging Traditional And Digital Finance

Friday announced it has received in-principle approval from Hong Kong’s Securities and Futures Commission (SFC) to conduct Type 1 and Type 7 regulated activities. This move positions HKVAX as the …
Posted on August 12, 2023

Hong Kong Virtual Asset Exchange Receives SFC Approval-in-Principle to Operate a Digital Asset Trading Platform

Will become the first Hong Kong-incubated digital asset platform to receive Type 1 and Type 7 licensesHONG KONG SAR – Media OutReach – 11 August 2023 – Hong Kong Virtual Asset Exchange (HKVAX) today …
Posted on August 12, 2023

Exclusive: Credit Suisse to cut 80% of Hong Kong investment bank jobs from this week

HONG KONG, Aug 7 (Reuters) – Around 80% of Hong Kong-based investment banking staff at Credit Suisse will be made redundant starting this week, two people with knowledge of the matter said …
Posted on August 12, 2023

Exclusive: Credit Suisse to cut 80% of Hong Kong investment bank jobs from this week

HONG KONG, Aug 7 (Reuters) – Around 80% of Hong Kong-based investment banking staff at Credit Suisse will be made redundant starting this week, two people with knowledge of the matter said …
Posted on August 12, 2023

HK finance chief: Over 25 tech firms to set foot in Hong Kong

Over 25 firms in the innovation and tech sector have promised to invest over HK$17 billion in Hong Kong and create at least 4,000 jobs, according to Hong Kong’s finance chief Paul Chan.
Posted on August 11, 2023

Hozon steps up plans to develop right-hand drive Neta electric cars in Indonesia as it pushes ahead with its Hong Kong stock sale

More than a dozen carmakers, from BYD to Honda’s Chinese joint venture, are ramping up efforts to sell vehicles overseas, which has helped China overtake Japan as the world’s largest car exporter.
Posted on August 11, 2023

Vietnam EV maker VinFast gets SPAC shareholders’ nod to list in US

Shareholders of Black Spade Acquisition, a Hong Kong-based blank-cheque company, on Thursday approved a merger with Vietnam’s electric automaker VinFast, allowing the carmaker to list in the United …
Posted on August 10, 2023

‘No price war’: Hong Kong developers brush aside fears of a property crash

Developer dismisses claims of price war as experts say seven-year-low prices for Kowloon flats are not a dire omen for the market.

( read original story …)



Posted on August 9, 2023

‘No price war’: Hong Kong developers brush aside fears of a property crash even as CK Asset offers new Kowloon flats at 15 pc discount

The developer, the property flagship of Hong Kong billionaire Li Ka-shing, also dismissed claims that its discounted pricing aimed to, or would, trigger a price war. More than 22,000 prospective buyers have deposited cheques in hopes of buying flats at …

( read original story …)



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