Kazakhstan bank turns to Hong Kong as gateway to offshore renminbi finance

    Kazakhstan bank turns to Hong Kong as gateway to offshore renminbi finance

    A Kazakhstan-based commercial bank backed by China Citic Bank is seeking to collaborate with Hong Kong financial institutions and investors to develop new financing channels for the Central Asian country through the city’s thriving offshore renminbi market. Murat Baisynov, chairman of Altyn Bank, told the South China Morning Post that three clients of the Almaty-headquartered…

    Read More
    Delta resumes direct Hong Kong-US flights despite higher fuel costs

      Delta resumes direct Hong Kong-US flights despite higher fuel costs

      United States carrier Delta Air Lines has resumed direct flights to the city after the pandemic, launching a daily service to Los Angeles amid surging fuel prices. Jeff Moomaw, the airline’s vice-president for Asia-Pacific, said on Monday that it would take some time to increase services connecting the city to more destinations as the carrier…

      Read More