Mia Castagnone
Mia Castagnone
Hong Kong
@CastagnoneMia
Reporter, Business
Born in Australia, Mia graduated from the University of Sydney with a Bachelor of Arts in Media and Communications and Chinese Studies. She previously worked at various local media including the Sydney Morning Herald, before joining the Post as a graduate trainee in 2021.

Macau’s casinos are set to rake in their lowest revenue on record this year as mainland China’s strict Covid-19 policies continue to keep visitors away from the gaming hub.

The outlook for casino stocks looks favourable next year, after the Macau government renewed the licences of the six incumbent gaming operators.

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Hong Kong and Greater Bay Area consumers want personalisation and a sleek experience when it comes to digital banking, and are willing to share personal data to get it, research by Capco finds.

Goldman Sachs’ top picks in its China reopening playbook suffered a knock last week as a surge in Covid-19 cases overshadowed key stimulus measures to spur lending and prop up the real estate market.

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The announcement wraps up a jostling for rights to operate gambling halls in the world’s largest betting hub, where Macau remains the only place on Chinese soil where casinos are legal.

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ZA Bank’s tie-up with UK tech firm Wise provides the Hong Kong virtual bank’s users a platform to make international money transfers, while allowing it to grab a bigger share of digital remittances from the city.

The wealth management start-up backed by HSBC and Franklin Templeton said it has bought Alpima in a deal that will create a platform to manage more than US$20 billion of assets.

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After an exodus of talent due to the pandemic, Hong Kong needs to focus on developing the next generation of software engineers to make the city a strong fintech hub, says Endowus.

Hong Kong and mainland Chinese consumers prefer contactless shopping even as the impact of the Covid-19 pandemic has eased, according to a joint study by KPMG, GS1 and HSBC.

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Hong Kong continues to be an ideal investment market in the Asia-Pacific region for family offices because of its deep liquidity, diversified asset classes and investible products.

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Healthcare has high growth potential and Hong Kong can be a health technology hub in the Greater Bay Area as it retains a key role in mobilising capital, says HK CEO Nicolas Aguzin.

It was said repeatedly during the three days of the Global Financial Leaders’ Investment Summit that Hong Kong was back to “business as usual,” even if it had been slower than other countries in opening its borders.

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The world’s top asset managers said there is money to be made in the current uncertain economic climate, while suggesting a range of options from diversified portfolios to green investments.

Senior figures from JPMorgan, BlackRock, HSBC and Standard Chartered shared their thoughts on how fintech is shaking up the banking sector at a global banking summit in Hong Kong.

Capital, talent and location, coupled with enhanced policy support, make the city fertile ground for a vibrant ecosystem, top executives have said in the run-up to the monetary authority’s global financial summit.

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The Global Financial Leaders’ Summit kicks off a busy month of conferences and events in Hong Kong, in a sure sign that the city is making a comeback.

Hong Kong is the key to success in the Greater Bay Area (GBA), the place to do business, expand and invest in mainland China’s markets, industry leaders have said in the lead up to a major summit of senior bankers in the city.

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If investors haven’t had exposure to Asia, and China specifically, now is a much better entry point than it was three days or three months ago, JPMorgan’s CEO for asset and wealth management says.

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China is dead-set on development, and recognises the importance of being connected with the world, Nicolas Aguzin, CEO of Hong Kong Exchanges and Clearing (HKEX), said on Thursday.

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Financial Secretary Paul Chan Mo-po described 2023 as ‘a year of hope and opportunities’ for Hong Kong as he went all out to convince financial bigwigs from around the world that the city is clawing its way back to pre-pandemic normality.

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Most family offices and high net worth individuals from Hong Kong and Singapore have taken to digital assets, shrugging off the volatility in the sector, according to a new report.

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The Greater Bay Area will serve as a launch pad for clients seeking access to the China market, and Hong Kong will always be important, says Abrdn’s Rene Buehlmann.

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Jebsen Group has launched a children’s storytelling toy called Toniebox in Hong Kong and hopes to bring it to China’s multibillion-dollar toy market.

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China Aviation Lithium Battery (CALB) priced the shares at the bottom of its marketed range. The Hong Kong tranche, which was undersubscribed 0.21 times, has been offered to international investors.

Tencent, New World Development and Ping An Insurance are among 14 companies that said on Monday they will explore issuing yuan-denominated shares under a government plan to allow trading in such shares.

The yuan share trading plan, first unveiled by Financial Secretary Paul Chan Mo-po in February, is part of the government’s efforts to enhance the city’s position as an international financial centre.

Asia Innovations Group is set be acquired by Magnum Opus Acquisition, which is backed by China’s sovereign wealth fund, in a special-purpose acquisition deal expected to close in the first quarter.