Edition:
United Kingdom

Alun John

Factbox: How financial firms in Hong Kong may be affected by U.S. sanctions

10 Aug 2020

HONG KONG The United States has imposed sanctions on Hong Kong Chief Executive Carrie Lam and 10 other top Hong Kong and Chinese officials over what Washington says is their role in curtailing political freedoms in the territory.

U.S. sanctions branded 'clowning actions' as HK vows it won't be intimidated

08 Aug 2020

HONG KONG Beijing's top representative office in Hong Kong said on Saturday that sanctions imposed by Washington on senior Hong Kong and Chinese officials were "clowning actions" that would not frighten or intimidate Chinese people. | Video

HK regulators see limited sanctions impact as banks weigh action

08 Aug 2020

HONG KONG Hong Kong financial regulators sought to calm market fears on Saturday as global financial firms in Hong Kong weighed cutting ties with local clients after the United States imposed sanctions on senior Hong Kong and Chinese officials.

UPDATE 1-HK regulators see limited sanctions impact as banks weigh action

08 Aug 2020

HONG KONG, Aug 8 Hong Kong financial regulators sought to calm market fears on Saturday as global financial firms in Hong Kong weighed cutting ties with local clients after the United States imposed sanctions on senior Hong Kong and Chinese officials.

Fragmentation of financial regulation hindering COVID response: industry group

05 Aug 2020

HONG KONG Banks' obligations to keep cash ‘ring-fenced’ within countries could reduce lending to Asian economies grappling with the fallout from the new coronavirus outbreak, a financial industry group said on Wednesday in a report.

HSBC warns loan losses could hit $13 billion as profit plunges 65%

03 Aug 2020

LONDON/HONG KONG HSBC Holdings PLC warned its bad debt charges could blow past a previous estimate to $13 billion this year and said its profits more than halved, as the coronavirus pandemic hammered the bank's retail and corporate customers worldwide. | Video

Diginex launches new Singapore cryptoexchange ahead of Nasdaq listing

30 Jul 2020

HONG KONG Nasdaq-hopeful Diginex launched a new cryptocurrency exchange focused on derivative products in Singapore on Thursday, where it has applied for a licence.

Diginex launches new Singapore cryptoexchange ahead of Nasdaq listing

30 Jul 2020

HONG KONG, July 30 Nasdaq-hopeful Diginex launched a new cryptocurrency exchange focused on derivative products in Singapore on Thursday, where it has applied for a licence.

RPT-Tokyo, Sydney aim to lure edgy HK financial firms, but Singapore a top draw

28 Jul 2020

HONG KONG/SINGAPORE, July 27 Japan, Australia and some other nations are readying incentives to attract banks and asset managers in Hong Kong that are worried about the new security law imposed by China, but finance sector experts said even if they move, it will be to Singapore.

Tokyo, Sydney aim to lure edgy HK financial firms, but Singapore a top draw

27 Jul 2020

HONG KONG/SINGAPORE Japan, Australia and some other nations are readying incentives to attract banks and asset managers in Hong Kong that are worried about the new security law imposed by China, but finance sector experts said even if they move, it will be to Singapore.

World News