Hong Kong

Asia tech conference ‘RISE’ scheduled to take place in Hong Kong in March has been cancelled due to new wave of Covid-19 cases and will return in 2023.

Hong Kong fintech WeLab will buy a controlling stake in Indonesian commercial lender PT Bank Jasa Jakarta and launch a digital bank in Indonesia.

RISE, one of Asia’s largest tech conferences, is returning to Hong Kong in March 2022 as an in-person event, and will be held there for at least five years.

Hong Kong media group Next Digital, owned by jailed tycoon Jimmy Lai, will cease operating from July 1 after the company’s assets were frozen.

Hong Kong new online-only banks plan to venture into business lending and wealth management, seeking more lucrative avenues.

Hong Kong shares settled higher on wednesday, led by gains in tech firms, as investors hoped that policymakers would avoid sudden credit policy.

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