Hong Kong’s de-facto central bank intervened to defend its currency peg as the local dollar touched the strong end of its trading band for the second day running.The Hong Kong Monetary Authority ... ( read original story ...)
Hong Kong’s Currency Peg Defense Increases to $560 Million
Hong Kong is on the verge of selling local dollars for the first time since 2015 as the city’s exchange rate strengthens toward the limit of its band against the the greenback. ( read original story ...)
China ramps up tensions with Hong Kong in new statements
China ratcheted up tensions with Hong Kong on Tuesday by voicing its support for the arrests of pro-democracy dissidents over the weekend. ( read original story ...)
‘I was waiting for them to come’: China using pandemic to arrest Hong Kong protesters, democracy leader says
Beijing and the Hong Kong government are using the coronavirus pandemic as a cover for arrests after police detained more than a dozen prominent activist leaders over the weekend in connection to ... ( read original story ...)
HSBC’s Dividend Shock Leaves Deep Marks in Hong Kong
HSBC Holdings Plc shocked investors by announcing it would scrap its dividend. For the Hong Kong Medical Association, a group in charge of community public health programs instrumental in the fight ... ( read original story ...)
Kingsoft Cloud Seeks U.S. Investment From IPO
Kingsoft Cloud Holdings has filed for a U.S. IPO. The firm provides a suite of Internet and cloud infrastructure services to enterprises in Asia. The firm has g ... ( read original story ...)
Philly restaurant owner: My experience with pandemics in Hong Kong shows shut downs are safest | Opinion
In January of this year, I was in Hong Kong for a cousin’s wedding when news broke from Wuhan of a novel coronavirus. The streets emptied. Masked faces were everywhere, surgical ones supplanting the ... ( read original story ...)
Hong Kong’s central bank sells HK$1.55 bln after HKD rises to trading limit
The Hong Kong Monetary Authority sold HK$1.55 billion ($200.01 million) of Hong Kong dollars on Tuesday, after the currency hit the strong side of its trading band. The Hong Kong dollar, pegged to the ... ( read original story ...)
SoFi CEO on FinTech’s role during crisis and acquiring Hong Kong trading service 8 Securities
Anthony Noto, SoFi CEO, joins "Squawk Box" to discuss FinTech's role in supporting small businesses during the crisis, the company's recently announced acquisition and more. ( read original story ...)
Under Cover of Coronavirus, Hong Kong Cracks Down on Protest Movement
The antigovernment demonstrations that shook the Chinese territory last year have eased since the coronavirus outbreak, but a spate of arrests and Beijing’s assertive rhetoric could revive them. ( read original story ...)
SoFi goes international with acquisition of Hong Kong-based investment app 8 Securities
Consumer financial services platform SoFi is making its first expansion outside of the United States with the acquisition of Hong Kong-based investing app 8 Securities. Targeted to personal investors, ... ( read original story ...)
Hong Kong crisis escalates as China moves to hasten demise of city’s autonomy
The constitutional crisis engulfing Hong Kong expanded dramatically on Tuesday as the Chinese government voiced its support for the seizure of more than a dozen pro-democracy activists and asserted ... ( read original story ...)
Chinese cancer drug firm Akesobio’s US$330 million IPO – Hong Kong’s largest this year – is oversubscribed 639 times by city’s investors
The Hong Kong tranche of cancer drugs developer Akesobio’s HK$2.58 billion (US$330 million) initial public offering has been oversubscribed 639 times, making it the most popular biotechnology listing ... ( read original story ...)
Megvii IPO: Blacklisted Chinese Company Files with Hong Kong
In the summer of 2019, a Megvii IPO was filed with the Hong Kong Exchange. Investors thought they could expect Megvii stock soon after. However, those expectations were not met. Megvii isn’t a public ... ( read original story ...)