Hong Kong Financial Secretary Paul Chan Mo-po is confident Hong Kong has a vital role to play in the 14th Five-Year Plan period (2021-25), from offshore Renminbi center to promoting the city's bond ... ( read original story ...)
Hong Kong proposes SPAC listings, but only for professional investors
Hong Kong Exchanges & Clearing, Asia's busiest stock exchange, has outlined plans to allow the listing of blank-check shell corporations whose global popularity has soared over the past year, just two ... ( read original story ...)
China Link Gives Hong Kong a Boost in Bond Trading
The southbound Bond Connect is the latest example of how Beijing is supporting Hong Kong as a financial hub, even as it asserts tighter political control. ( read original story ...)
Financial leaders meet
The Financial Leaders Forum chaired by Financial Secretary Paul Chan holds its 17th meeting and discusses the latest developments of the insurance-linked securities business in Hong Kong. ( read original story ...)
Hong Kong proposes SPAC listings, restricts to professional investors
Blank-cheque companies that want to go public in Hong Kong must raise at least US$128 million to list on the city’s stock exchange’s main board under the proposed rules. ( read original story ...)
Hong Kong Forces Tiananmen Vigil Group to Delete Online Presence
The Hong Kong police have forced one of the city’s best-known activist groups to scrub its online presence, in the latest sign of how officials may use a powerful national security law to restrict ... ( read original story ...)
U.S. sanctions several Chinese cos. over Hong Kong -website
The United States has issued new Hong Kong-related sanctions, according to a notice posted on the U.S. Department of Treasury website on Friday naming several Chinese companies. The entities listed ... ( read original story ...)
Hong Kong tests boosters for Sinovac shot as protection ebbs
Hong Kong is testing whether people given Sinovac Biotech Ltd.’s Covid vaccine will fare better if they get a booster using BioNTech SE’s more potent mRNA technology, as evidence emerges about how ... ( read original story ...)
Hong Kong proposes new restrictive listing regime for SPACs
Hong Kong on Friday proposed changing its rules to allow SPACs to list, but with tighter restrictions than elsewhere as it becomes the latest to tap the desire for such investment vehicles even as the ... ( read original story ...)
Hong Kong stocks pare weekly loss as Macau casino operators, tech firms rebound from sell-off
Local stocks regain some footing after a massive sell-off this week as traders reassess the regulatory outlook. China Evergrande continues to slip as the developer looks for debt solutions. ( read original story ...)
Investors should shift focus to Japan from Hong Kong and Chinese markets: Strategist
Don't fight China's government objectives, says Suresh Tantia from Credit Suisse. He advises investors to invest in line with Beijing's goals, and recommends betting on Japan instead. ( read original story ...)
Hong Kong’s Hang Seng index falls nearly 5% for the week; Evergrande shares drop more than 3%
Shares of China Evergrande Group fell 3.42% on Friday as fears over its debt problems continue to weigh on investor sentiment. ( read original story ...)
Hong Kong’s banks pull the plug on a second unfinished housing project, halting mortgage loans to Kwai Hung’s Mangrove flats
Hong Kong banks are becoming more cautious in their mortgage lending, particularly for incomplete projects built by smaller developers. HSBC, Bank of China (Hong Kong), Hang Seng Bank, Bank of East ... ( read original story ...)
Former McKinsey boss Kevin Sneader joins Goldman Sachs
Former McKinsey boss Kevin Sneader joins Goldman Sachs The former Global Managing Partner of McKinsey & Company has been tapped to co-lead the Asia Pacific wing of Goldman Sachs. The move sees Kevin ... ( read original story ...)