Staff Reporter
Hang Seng Bank eyes Middle East expansion
Hang Seng Bank eyes Middle East expansion
Its two subsidiaries already have collaborations planned in Saudi Arabia.
Chinachem Group subsidiary buys Sha Tin site for $1b
It has a 50-year land grant.
Standard Chartered, Ant complete HKD intra-group transactions
Ant will make use of StanChart’s treasury management principles in moving funds.
HSBC, Ant Int’l complete HKD cross-bank test transactions
The use case integrates HSBC and Hang Seng’s networks with Ant’s Whale platform.
Mobile Shop partners with Zand Bank for transport innovation
The two will deliver transport solutions via CabCab.
Hong Kong to issue more crypto licenses by year-end
Three virtual asset trading platforms are already licensed.
Investor demand fuels industrial property growth in Q3
Notable transactions include JINGDONG buying Li Fung Centre for $1.8b.
Gov't anticipates 438,000 housind demand for next decade
In response, the government has revised the public-to-private housing ratio to 70:30.
Airport Authority Hong Kong clinches HKB Technology Excellence Awards 2024 for innovative biometric solution
Its Flight Token Travel has streamlined airport operations to enable a seamless experience for customers.
Hong Kong tells financial firms to adopt “risk-based” approach to AI adoption
The government will adopt a dual-track approach that considers risk.
Exports value eases to 4.7% YoY in September
In August, exports value rose 6.4% YoY.
HKEX appoints Herbert Chia to board
He will replace Peter Yan.
ZA Bank commences pilot for virtual asset trading service
Three in four Hong Kong investors are interested in investing in cryptocurrency.
DeepTrin sets foot in HK with regional headquarters
The company aims to raise the brand's influence in the Asia-Pacific market.
Retail market sees strong leasing activity led by premium deals
Key transactions include Emperor Watch's 5-year lease in Shanghai Bank Tower.
HK Acquisition Corporation completes De-SPAC transaction with Synagistics
The SPAC will then be named Synagistics Limited.
Hong Kong launches task force to reinforce asset, wealth hub stats
Hong Kong's assets under management exceeded $31t by the end of 2023.
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