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Month: June 2019

Posted on 12/06/2019

Hong Kong Markets Roiled by Interbank Rate Squeeze Amid Protests

(Bloomberg) -- Hong Kong stocks tumbled and the currency soared as interbank interest rates jumped amid protests that closed roads in the city’s financial district. The Hang Seng Index fell 1.7% at ... ( read original story ...)

Posted on 12/06/2019

Hong Kong protests send stocks lower, spark scramble for cash

The benchmark Hang Seng Index gave up 1.6% in the morning session, while Chinese companies in Hong Kong slid 1.1%, compared with losses of less than 0.6% losses in Shanghai and Asia ex-Japan. The ... ( read original story ...)

Posted on 12/06/2019

Asian stocks mostly lower as protests shake up Hong Kong

TOKYO — Shares declined in Asia on Wednesday and Hong Kong's Hang Seng index tumbled nearly 2% as thousands continued protests against proposed legislation that many city residents fear could further ... ( read original story ...)

Posted on 12/06/2019

Logistics park developer seeks US$1.24 billion in IPO

via the Hong Kong Exchange and the vast bulk of 529.3 million, or 94.4 percent of the offer, via an international placement). Shares will be priced in the range of HK$14.58 to HK$17.40 (US$1.86 to ... ( read original story ...)

Posted on 12/06/2019

Hong Kong delays bill debate as protest crowds amass at legislature

Hong Kong delayed a legislative session on a contentious extradition bill as thousands of protesters amassed to block entry to the building Wednesday out of concern the measure signalled greater ... ( read original story ...)

Posted on 12/06/2019

Hong Kong hit with more protests over proposed extradition law

Hong Kong was hit with more demonstrations and strikes on Wednesday over plans for a law that would allow extraditions to mainland China. The protests, which came three days after as many as 1 million ... ( read original story ...)

Posted on 12/06/2019

Hong Kong legislators postpone debate on China extradition bill as protesters flood streets

Local media reported death threats against Hong Kong chief executive Carrie Lam, who has pushed forward the extradition bill with Beijing’s backing. Among the groups pledging action Wednesday were ... ( read original story ...)

Posted on 12/06/2019

Hong Kong government delays meeting amid massive anti-extradition law protests

Hong Kong‘s government has postponed a council meeting initially scheduled for Wednesday amid protests that have seen tens of thousands demonstrate against a proposed extradition bill that would ... ( read original story ...)

Posted on 12/06/2019

Thousands of protesters paralyze Hong Kong’s financial hub over extradition bill

HONG KONG (Reuters) - Chaotic scenes erupted in Hong Kong on Wednesday as tens of thousands of demonstrators stormed key roads next to government offices to protest against a proposed extradition bill ... ( read original story ...)

Posted on 12/06/2019

Hong Kong Stocks Drop Most in Asia as Protesters Block Roads

The biggest contributors to losses included Hong Kong Exchanges & Clearing Ltd., which operates the city’s stock exchange, as well as lenders HSBC Holdings Plc and Hang Seng Bank Ltd. Chinese ... ( read original story ...)

Posted on 12/06/2019

HSBC sets up US$880 million technology fund to find the next Tencent or DJI in southern China’s Greater Bay Area

The GBA+ Technology Fund will focus on lending to high-growth companies in mainland China, Macau and Hong Kong in a variety of sectors, including e-commerce, financial technology (fintech), robotics, ... ( read original story ...)

Posted on 12/06/2019

Hong Kong protesters storm key road next to government offices amid chaotic scenes

HSBC and Standard Chartered, in addition to the Big Four accounting firms, had all agreed to flexible work arrangements for staff on Wednesday, Hong Kong media reported. Strikes and transport go-slows ... ( read original story ...)

Posted on 12/06/2019

Hong Kong extradition bill: thousands of protesters block city streets and prepare for worst as riot police gather nearby

BREAKING: Hundreds of protesters start occupying roads near Hong Kong’s legislature hours before a controversial extradition bill will be discussed by lawmakers “If others go ahead, I will support ... ( read original story ...)

Posted on 12/06/2019

Exclusive: Grab eyes Singapore banking license as regulator studies virtual banks – sources

HONG KONG/SINGAPORE (Reuters) - Grab, Southeast Asia’s most valuable start-up, is exploring a move into Singapore banking as regulators in the Southeast Asian city-state consider allowing online ... ( read original story ...)

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