Two former relationship managers at Standard Chartered Bank in Hong Kong have been jailed for three years for swindling HK$28 million (US$3.6 million) from 21 Japanese investors who believed their money would fund development projects in Africa. The District Court on Thursday sentenced Woo Man-ho and Chan Tak-ching on a total of four counts of…
Hong Kong’s export surge will extend into the coming months, driven by the global AI boom, economists have told the South China Morning Post, adding that GDP growth could surpass official forecasts. Billy Mak Sui-choi, an associate professor at Baptist University’s department of accountancy, economics and finance, said global demand for artificial intelligence (AI) remained…
Calls on SMEs to Accelerate Global Expansion and Seize New Cross-border Growth Opportunities HONG KONG, July 14, 2026 /PRNewswire/ — The GBA Global Business Expansion Summit, fully sponsored by Standard Chartered Bank (Hong Kong) Limited and organized by Television Broadcasts Limited (TVB), grandly opened in Hong Kong today. This year’s summit focuses on helping small and…
HSBC and a joint venture led by Standard Chartered are expected to be among the first companies to obtain Hong Kong’s stablecoin licences within two weeks, according to people familiar with the matter. The number of licences and timetable had yet to be finalised and remained subject to change, but sources said a possible date…
Standard Chartered Bank, one of Hong Kong’s three note-issuing banks, reported a 16 per cent profit jump for 2025, as strong wealth management growth helped it weather rising bad debt from the city’s commercial real estate slump. The London-based bank, which generates much of its revenue from Asia, reported an underlying pre-tax profit of US$7.9…
A former manager at Standard Chartered Bank has admitted helping an illegal syndicate deceive Japanese investors into pouring more than 400 million yen (US$2.7 million) into projects in Africa, following an investigation by Hong Kong’s anti-corruption agency. The Independent Commission Against Corruption (ICAC) said on Monday that Leung Ho-yin, a former relationship manager at the…
China is not a fan of cryptocurrencies. Over the past decade, the Chinese government has built up one of the world’s most hostile regulatory frameworks against cryptocurrency-related activities, including trading and mining. Beijing views digital assets like bitcoin as a threat to the country’s financial stability and capital account controls, and even a challenge to…