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Month: November 2020

Posted on 05/11/2020

Hong Kong long term interbank rates drop to nine-year low after Ant IPO pulled

Long term Hong Kong dollar interest rates reached nine-year lows on Thursday after the suspension of Ant Group's record dual listing in the city and on Shanghai's STAR Market left the former British ... ( read original story ...)

Posted on 05/11/2020

Hong Kong police launch national security crime hotline

Hong Kong police unveiled a dedicated hotline on Thursday for residents to report national security threats, sparking criticism that the measure will deepen swirling distrust in the already polarised ... ( read original story ...)

Posted on 05/11/2020

Hong Kong protests: Chinese University threatens to cancel student event marking demonstrators’ five-day campus occupation

A Hong Kong university has threatened to cancel a student exhibition commemorating one of the most chaotic episodes of last year's anti-government protests over a poster it described as potentially ... ( read original story ...)

Posted on 05/11/2020

‘The great days of Hong Kong cinema’: how the State Theatre, city’s oldest, played a starring role in locals’ lives

High above King's Road in North Point on Hong Kong Island, Wendy Ng Wan-yee gazes at the roof of the defunct State Theatre, the city's oldest theatre and a building that has - in many ways - defined ... ( read original story ...)

Posted on 05/11/2020

Hong Kong business sentiment rises in Oct with PMI at a 30-month high

Hong Kong’s business sentiment rebounded significantly in October, as the city’s Purchasing Managers’ Index surged to 49.8, the highest since March 2018, with sentiment the least negative since June ... ( read original story ...)

Posted on 05/11/2020

Blockbuster IPO Delays, What Happens To Fintech And Ant Exactly?

Chinese authorities have cited “major issues” for halting the IPO, but major issues do not show up this late in the game. ( read original story ...)

Posted on 05/11/2020

Canada’s Couche-Tard enters Asia with near $360 million Hong Kong acquisition

Tard Inc has entered the Asian market through a deal to buy Convenience Retail Asia Ltd's Hong Kong unit for HK$2.79 billion ($359.80 million), the companies said on Thursday. ( read original story ...)

Posted on 05/11/2020

China just suspended Ant Group’s $34 billion IPO, the largest in history. Here’s how the company was spun out of Jack Ma’s Alibaba and has transformed the global fintech market.

Regulators found "major issues" with Ant's listing, a move that comes after Chinese banks have taken issue with Ant for veering into their business. ( read original story ...)

Posted on 05/11/2020

Derailing of Jack Ma’s Ant IPO Shows Xi Jinping’s in Charge

China’s move to abruptly halt the world’s biggest stock-market debut sends global investors a clear message: Any financial opening will only be done on terms that benefit President Xi Jinping and the ... ( read original story ...)

Posted on 05/11/2020

Got an HSBC account? It’s time to show your support for the people of Hong Kong

Following a reported 35 per cent fall in its quarterly profits, HSBC has announced that it might have to start charging its customers for basic services such as current accounts British customers ... ( read original story ...)

Posted on 05/11/2020

Ex-Hong Kong leader CY Leung takes government to court again, this time over handling of opposition lawmaker Claudia Mo’s ‘illegal’ basement flat

Former Hong Kong leader Leung Chun-ying has applied for a second judicial review against the government, this time challenging the Buildings Department's handling of illegal structures, an issue that ... ( read original story ...)

Posted on 05/11/2020

World’s Largest IPO Delays, What Happens To Fintech And Ant Exactly?

Chinese authorities have cited “major issues” for halting the IPO, but major issues do not show up this late in the game. ( read original story ...)

Posted on 05/11/2020

China Market Update: Ant Group IPO Review, Markets Shake It Off & Rally

Background on the Delay 40% of Ant Group’s revenue comes from its CreditTech unit, which includes the Zhima Credit unit, credit rating, Ant Credit, and Ant Cash Now. ( read original story ...)

Posted on 05/11/2020

Market debut of Chinese e-finance giant Ant Group postponed

The planned stock market debut of the world's biggest online finance company, Ant Group, was suspended in Shanghai and Hong Kong on Tuesday, disrupting a record-setting ... ( read original story ...)

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