Bill Winters, Chief Executive Officer at the Standard Chartered Bank, attends a panel session of the World Governments Summit in Dubai on February 12, 2024.Ryan Lim | Afp | Getty ImagesStandard Chartered chief executive Bill Winters says environmentally conscious investing can be good for business,...
“So when we see a lot of more innovative technology projects with a very short operating history, it’s automatically [considered] high risk,” she said. “A lot of us are now trying to develop newer metrics that will help us to be more forward-looking and also...
Sui is Ding Yi Feng’s largest shareholder with a 22.26 per cent stake, according to the company’s interim report in 2023.Ding Yi Feng said it is in consultation with its legal advisors regarding a “Writ of Summons” – an official order for an individual to...
Global restructuring specialists Alvarez & Marsal and Houlihan Lokey have boosted headcount in Hong Kong as China’s property crisis results in a surge in debt restructuring deals – making them a rare bright spot in hiring for the city’s financial sector.China’s property industry, a key...
Shanghai Zhida Technology Development, a maker of electric-vehicle charging systems, is considering an initial public offering (IPO) in Hong Kong that could raise about HK$1 billion (US$128 million), according to a person with knowledge of the matter.The Chinese company is working with Shenwan Hongyuan Group...
Hong Kong stocks dropped for a third day as a rebound spurred by state intervention continued to lose momentum. Investors were cautious ahead of the city’s budget address on Wednesday.The Hang Seng Index fell 0.3 per cent to 16,580.04 as of 9.57am local time, extending...
Futu Holdings, an online Chinese brokerage backed by Tencent, is accelerating its overseas expansion by entering the growing Malaysia market as it seeks to counterbalance Beijing’s tightening grip on outbound securities investments from mainland China.Moomoo Malaysia, fully owned by Futu and launched on February 27,...
The buoyant jewellery market is evident at the shows, with 36 national/regional and industry pavilions, thanks to support from global industry associations. For the first time, Malaysian companies are participating as a group. The pavilions include those from Mainland China, Taiwan, Japan, Türkiye, South Korea,...
Hong Kong’s funds industry is calling for a profit tax exemption for private credit assets, as the city is failing to attract a booming business and is losing out to Singapore because of its existing tax regime.The Unified Fund Exemption (UFE) regime allows most private-equity...
Cryptocurrency exchange HTX, formerly Huobi Global, has withdrawn its application for a licence to operate in Hong Kong, in a dramatic retreat from its highly publicised plans to win customers in the city after exiting the mainland market.The Hong Kong operation of HTX, HBGL Hong...