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Schroders hit by Hong Kong property slump as banks seize assets

Schroders has become the latest global asset manager to be caught up in Hong Kong’s commercial property meltdown. Within just…

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New Business

HKMA takes action against 3 banks over money laundering, counterterrorism rules

The Hong Kong Monetary Authority (HKMA) on Tuesday took disciplinary action against three banks for failing to comply with regulations…

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New Business

18 Hong Kong banks join forces to help SMEs weather financial storm

A dozen banks have joined six major lenders in Hong Kong to provide financial support for small and medium-sized enterprises…

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