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09 Apr Hong Kong taxis to join modern world as digital payment platform wins approval from Transport Department

Posted at 06:30h in Asia

Hong Kong fintech company Wonder has won approval from the city’s Transport Department for its effort to bring digital payments to Hong Kong’s 18,000-odd taxis, the vast majority of which only take cash.Taxi Pay x Wonder, or Taxi Pay for short, is the first payment...

08 Apr Exclusive | Global Investment Summit: HSBC fills Credit Suisse’s Hong Kong void by hosting 2,800-person conference

Posted at 00:00h in Asia

HSBC, the biggest commercial bank in Hong Kong, is hosting the largest investment conference in the city by bringing together thousands of global investors and companies to discuss top issues challenging the industry and the world.The HSBC Global Investment Summit, to be held April 8...

01 Apr Opinion | Lack of clarity sets up Hong Kong’s environmental plans for disaster

Posted at 01:30h in Asia

When it comes to managing our waste, Hong Kong has been a bit of a muddled mess for the past decade, and it looks likely to get worse in the coming months.With hotels and restaurants set to face a ban in just three weeks on...

31 Mar Prudential sees windfall from Hong Kong’s cash-for-residency scheme, Greater Bay Area opportunities, CEO says

Posted at 02:00h in Asia

Hong Kong’s revamped investment-migration programme is paying off for insurers such as Prudential Hong Kong, which is planning to expand its product line to appeal to the wealthy would-be Hongkongers taking advantage of the scheme, according to its top boss.Like peers Manulife and AIA, as...

27 Mar UBS marks completion of new building in West Kowloon that will house the Swiss bank’s Hong Kong staff

Posted at 08:51h in Asia

UBS and Sun Hung Kai Properties (SHKP) have held a ceremony marking the completion of a new building that will eventually house all the Swiss bank’s staff in Hong Kong.The 14-storey office tower in West Kowloon will bring the bank’s staff, who are currently spread...

26 Mar Xpeng, BYD executives say Greater Bay Area firms’ expertise in smart tech, superfast battery charging will drive EV growth in China

Posted at 12:00h in Asia

Almost all EVs will be equipped with smart driving technologies such as autonomous parking and navigation systems by 2029, he said. And by that time, battery-powered vehicles will dominate car sales and superfast charging technology will have greatly shortened the time required for charging EVs,...

20 Mar Prudential is back in black with US$1.71 billion profit in 2023 as return of mainland China visitors to Hong Kong drives new sales

Posted at 04:53h in Asia

UK insurer Prudential reported a strong set of operating results for 2023 as the return of mainland Chinese visitors to Hong Kong boosted life insurance policy sales after the city eased the curbs imposed at the time of the Covid-19 outbreak.Net profit, which Prudential calls...

18 Mar Exclusive | Janus Henderson to focus on Greater Bay Area, Hong Kong investment-migration scheme, CEO Ali Dibadj says

Posted at 00:30h in Asia

“[Hong Kong] is a portal to such a huge part of the world and it is a portal that continues to grow,” Dibadj said, noting that it would be foolish to doubt Hong Kong’s vibrancy in an apparent dig at comments made recently by Stephen...

14 Mar Hong Kong’s hiring market to remain soft as employers are concerned about challenging economic outlook: KPMG

Posted at 08:00h in Asia

Jobseekers in Hong Kong should not get their hopes up in case they are looking to land a job or switch employers, as companies are pessimistic about the overall economic outlook.Slightly over a quarter of companies expect to raise staffing levels this year, compared with...

03 Mar Exclusive | Citigroup to leverage Hong Kong’s finance hub status to grow wealth business in Asia, Greater Bay Area

Posted at 22:30h in Asia

Citigroup will expand its wealth management business in the Greater Bay Area and rest of Asia from its base in Hong Kong, according to its global wealth head.The US banking group remains committed to Hong Kong and China despite selling its mainland wealth business to...

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