HSBC Wants Hang Seng Bank to Address Poor Hong Kong Property Loans
HSBC Pushes Hang Seng Bank to Offload Real Estate Debt HSBC Holdings Plc is taking a significant step by getting directly involved with its Hong Kong subsidiary, Hang Seng Bank Ltd., to encourage the sale of its real estate debt portfolio, amid rising worries about the struggling real estate scene in the city. About two […]
Thousands removed from their homes in Hong Kong after a 1,000-pound WWII bomb found
Bomb Found in Hong Kong Triggers Evacuations Last night, thousands in Hong Kong’s busy district evacuated as experts worked to safely dispose of a massive bomb that dates back to World War II. The nearly five-foot-long, 1,000-pound device was discovered on a construction site in Cooley Bay on Friday, adding to a list of similar […]
I was an American political captive in Hong Kong and witnessed the brutality and misery up close.
I first heard a scream while I was getting my bed ready in the hospital at Lychkok Prison in Hong Kong. The sound came from underneath the stairwell, an area known to lack surveillance cameras. Several security guards from the correctional services department were yelling at inmates. Then, out of nowhere, the distinct sounds of […]
Alibaba Shares Rose Almost 19% In Hong Kong On Monday: What’s Happening?
Alibaba Group Holding Ltd Baba experienced a significant jump of 18.5% in its Hong Kong-listed shares on Monday, driven by strong quarterly numbers from its cloud computing segment and the introduction of new AI chips. Cloud growth will bring Alibaba stocks to peak This stock performance marked the highest point since March. The cloud computing […]
‘Desperado’ at 30: This Blend of Western Themes and Hong Kong Action Elements Remains Remarkably Relevant
Revisiting *Desperado*: A Unique Take on Modern Westerns It’s kind of fascinating, in a way, that *Desperado* isn’t frequently discussed among modern Westerns. Maybe it was just so iconic at its release that people assumed it was standard. Or perhaps, after 30 years, the term “modern” feels a bit outdated. This Robert Rodriguez film, which […]
Junior Bankers See Pay Increases of Up to 30% Amid Hong Kong Deals Surge
CITIC Securities Boosts Junior Banker Salaries in Hong Kong CITIC Securities Ltd. and several other Chinese brokers are increasing salaries for junior bankers in Hong Kong, partly driven by the need to retain talent and manage a rise in trading activity, sources indicate. The country’s largest brokerage plans to implement salary increases in its CLSA […]
Asian stocks fall as tech declines in the U.S. influence markets, while Pop Mart rises 11.5% in Hong Kong.
Asian Stocks Decline Following Wall Street Trends On Wednesday, markets across Asia took a hit, mirroring the downward trend seen on Wall Street. This was particularly influenced by a dip in technology stocks, including major players like Nvidia, closely linked to the artificial intelligence sector. The Japanese benchmark index took a 1.5% fall, ending at […]
Trump Vows to Do Everything Possible to Help Hong Kong Political Prisoner Jimmy Lai
Trump’s Commitment to Jimmy Lai’s Freedom President Donald Trump stated on Thursday that he is determined to do everything possible to assist Hong Kong media entrepreneur Jimmy Lai, who has been imprisoned under China’s strict “national security law” since December 2020. According to Trump, this measure seems aimed at stifling the democratic movement in Hong […]
China Merchants Bank’s subsidiary opens a cryptocurrency exchange in Hong Kong
CMB International Securities Launches Crypto Exchange in Hong Kong CMB International Securities Limited, a part of China Merchant Bank (CMB), has recently opened a cryptocurrency exchange in Hong Kong, marking a significant step in the banking sector. As reported via WeChat on Monday, banks have started to offer virtual asset trading services. This development follows […]
Japanese AI Company in Difficulty Looks to Bitcoin Through Hong Kong Branch
Simply put The AI firm plans to acquire up to 3,000 BTC over the next year, despite having limited reserves. Recent revenue reports raised “serious doubts” about the company’s ongoing viability. Analysts suggest that such moves might be more about reshaping perceptions than actually improving fundamentals. Quantum Solutions, an AI company registered in Tokyo, is […]