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JD.com buys into Hong Kong Central tower as Lai Sun offloads US$450 million stake

JD.com has agreed to acquire a stake in a major office tower in Hong Kong’s Central district, mirroring a property…

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HSBC, Standard Chartered complete first yuan repo under new scheme

Hong Kong note-issuing banks HSBC and Standard Chartered on Monday completed trades at the launch of the city’s cross-boundary bond…

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Kazakh-Hong Kong dual listing an ‘icebreaker’ for regional belt and road businesses

A recent dual-listing at the Astana International Financial Centre (AIFC) in Kazakhstan has been hailed as an “icebreaker” for Kazakh…

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Chinese province floats new use for digital yuan: paying long-delayed debts

China is mulling the application of its digital yuan – the central bank-backed currency also known as the e-CNY –…

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Profitability pressure grows for China’s state banks amid low rates, poor loan demand

China’s top banks face continued pressure, as a slowing economy, lower interest rates and weak loan demand weighed on first-half…

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Alibaba, Standard Chartered partner to accelerate AI adoption in banking sector

The two companies signed a memorandum of understanding that would see Standard Chartered leverage solutions from Alibaba Cloud – the…

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Mainland Chinese households set to buy another US$100 billion of Hong Kong stocks: HSBC

Mainland Chinese households are sitting on 160 trillion yuan (US$22 trillion) in cash, mostly stashed away in bank time deposits,…

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Hong Kong stocks rise as investors await earnings from HSBC, ICBC, China Construction Bank

Hong Kong stocks rose on Tuesday, as traders kept an eye on the latest developments in the US-China tariff talks…

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China’s 4 top state-owned banks to raise US$72 billion from stock sales to boost capital

Four of China’s biggest state-owned banks plan to raise a combined 520 billion yuan (US$71.6 billion) from new share sales…

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Chinese state banks’ 2024 profits rise and bad loans dwindle even as margins narrow

Chinese banks are reporting higher profits and smaller bad debts, helped by the central bank’s flexibility on how lenders provide…

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