Global payments platform Airwallex said it plans to establish a new venture capital fund that aims to invest in early-stage tech firms built on its infrastructure. Called Capital 49, the new fund is ... ( read original story ...)
Hongkong Land 1H Net Loss $865M
By Anthony O. Goriainoff Hongkong Land Holdings Ltd. said on Thursday that its net loss for the first half narrowed, and that it expects ... ( read original story ...)
New owner of Hong Kong’s Citybus and New World First Bus weighs merger as losses mount
The new owner of one of Hong Kong's largest franchised bus groups has confirmed it is considering a merger of Citybus and New World First Bus (NWFB) in a bid to keep business afloat amid heavy losses ... ( read original story ...)
Ant Group-backed Ubox plans for a $500 million Hong Kong IPO
Ubox, a Chinese vending machine maker backed by Ant Group, hopes to raise as much as $500 million through a Hong Kong IPO, Bloomberg reported Thursday. Valued at around $1 billion, Ubox could go ... ( read original story ...)
Hong Kong’s Hang Seng jumps 3% as stocks bounce back from early week slump
Hong Kong's Hang Seng index jumped 3.3% on Thursday ... Fed Chairman Jerome Powell said the U.S. central bank is nowhere near considering a rate hike despite the optimism over the U.S. economy. The ... ( read original story ...)
Here’s Why the Hang Seng Index Just Made a Comeback
In this article, we explain why the Hang Seng index just made a strong comeback today and what to expect in the near term. ( read original story ...)
WM Tech’s $1 Billion Hong Kong IPO Stalls on Vetting
WM Tech Corp.’s planned initial public offering in Hong Kong is facing delays as the city’s bourse questions the supermarket owner on its business operations, people with knowledge of the matter said. ( read original story ...)
Hong Kong DJ in first ‘sedition’ trial since handover to China
A pro-democracy Hong Kong DJ went on trial Thursday for sedition in the first use of the colonial-era law since the city's handover to China as authorities broaden their criminalisation of dissent. ( read original story ...)
Citigroup banks on disciplined approach to China
U.S. banks from Goldman Sachs to JPMorgan Chase are hurrying to expand in China as the country opens up its financial markets -- but Citigroup's top regional executive says his bank will pick its ... ( read original story ...)
Lawyer for Hong Kong protester asks court for shorter term
HONG KONG (AP) — A lawyer for the first person convicted under Hong Kong’s national security law asked Thursday for no more than 10 years in prison instead of the possible life sentence faced by the ... ( read original story ...)
Asian markets advance after Fed meeting, Hong Kong rebounds
Asian markets rose Thursday as the Federal Reserve acknowledged the US recovery was well on track but it would not taper monetary policy just yet, while Hong Kong was lifted after China sought to ... ( read original story ...)
Hong Kong’s Hang Seng index jumps about 2% as stocks recover from early week slump
The Federal Open Committee ended its two-day meeting stateside by keeping interest rates in a target range between zero and 0.25%. ( read original story ...)
More Volatility Expected For Hong Kong Shares
The Hong Kong stock market on Wednesday ended the brutal three-day slide in which it had plummeted more than 2,600 points or 10.3 percent. The Hang Seng Index now rests just beneath the 25,475-point ... ( read original story ...)
HK$5,000 vouchers: everything you need to know about the torrent of offers from payment platforms, retailers and restaurants in Hong Kong
This story has been made freely available as a service to our readers. Please consider supporting SCMP's journalism by subscribing. Hong Kong's malls, shops, restaurants and digital payment platforms ... ( read original story ...)