June 9, 2025

Hong Kong

Banking

OCBC Premier Banking celebrates strong business growth, credits ‘twin-hub’ strategy

Driven by strong demand for wealth management and insurance solutions in Asia, OCBC posted record financial results for the third year in a row. The Singapore-based bank reported a net profit of S$7.6 billion (US$5.9 billion) for its 2024 financial year, and total income rose by 7 per cent to S$14.5 billion. Within the year,

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Crypto

Explainer | What to know about stablecoins after Hong Kong passes law to regulate the popular tokens

The cryptocurrency industry has continued to advance, with bitcoin prices hitting a record high earlier this week. Stablecoins have come under the spotlight as regulators in Hong Kong and the US push for legislation for the popular tokens. Here we answer five common questions about stablecoins. What are stablecoins and how are they used? Stablecoins

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Banking

Goldman Sachs to merge all Asia-Pacific investment banking businesses

Goldman Sachs plans to merge its investment banking businesses across the Asia-Pacific region to provide clients with more integrated advice and capital markets execution, according to a memo seen by the Post on Thursday. The US firm was combining its teams in Japan, Australia and New Zealand, and Asia excluding Japan to form a unified

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Finance

Hong Kong finance chief revises 2024-25 deficit to HK$80.3 billion, down 8%

Hong Kong’s finance chief has revised the city’s deficit for the previous financial year to HK$80.3 billion (US$10.4 billion), 8 per cent lower than his original estimate, attributing the change to increased stamp duty income on stock trading and lower-than-expected departmental expenditure. Financial Secretary Paul Chan Mo-po on Wednesday also revealed that the government would

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Funds

Goldman says China funds to buy US$110 billion of Hong Kong-listed stocks

Goldman Sachs raised its forecast for investment by mainland Chinese in Hong Kong-listed stocks by almost 50 per cent, following the strongest start to the year on record in terms of Stock Connect fund inflows. Net southbound inflows could reach US$110 billion this year, versus a previous forecast of US$75 billion, the Wall Street investment

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Finance

As Hong Kong hosts finance, sports and arts events, some say the city is getting its groove back

HONG KONG: A confluence of splashy events in Hong Kong this month, from the Hong Kong Sevens rugby tournament to the Art Basel international art fair, has set the city abuzz. Finance-centred events have also put a spotlight on the Chinese special administrative region, including the second Milken Institute Global Investors’ Symposium that was held

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