Republican Steve Daines questioned whether HSBC faced outside pressure to suspend the top asset manager, and accused the financial industry of being engaged in ‘groupthink’ on climate change. ( read original story ...)
Logistics Startup GogoX Eyes USD85.5 Million in Hong Kong IPO
Chinese van-hailing platform GogoX Holdings is seeking to raise HKD671 million (USD85.5 million) from an initial public offering in Hong Kong in less than two weeks to fund an expansion of its service ... ( read original story ...)
Hong Kong IPO by GoGoX hints at easing of China tech crackdown
Logistics platform operator GoGoX plans an initial public offering here next week, a sign that China's crackdown on the tech industry might be letting up. GoGoX, which has been dubbed "Uber for ... ( read original story ...)
HKMA sells US$560 million to defend Hong Kong currency peg from capital outflow ahead of expected US interest rate rise
Hong Kong's de facto central bank stepped into the currency market ahead of an expected US interest rate rise on Thursday, as it seeks to defend the local dollar against the weakening effects of ... ( read original story ...)
Leading Into a Diverse Future
DEI Advisors founder and principal David Kong came to the U.S. in 1970 as an immigrant. He climbed the hospitality industry ladder rung by rung to become CEO for BWH Hotel Group. Here, he shares his ... ( read original story ...)
The strengthening US dollar has left Hong Kong struggling to protect its currency’s historic peg to the greenback
"The Federal Reserve's rate hike pressure could spread to the Hong Kong dollar market in the next three months," a top strategist said. ( read original story ...)
Hong Kong Spends $560 Million to Defend Currency Peg
The Hong Kong dollar has been tied to its U.S. equivalent since 1983, helping underpin the city's emergence as one of the world's major financial centers. The monetary authority stands ready to sell U ... ( read original story ...)
Watch: Hong Kong’s iconic floating restaurant towed away
Jumbo Floating Restaurant, a tourism icon in Hong Kong's Aberdeen harbour, has been towed away. The restaurant, styled to look like a Chinese imperial palace, closed its doors to the public at the ... ( read original story ...)
Hong Kong property developer achieves capital markets first
New World Development becomes the first Asian corporate to issue a USD-denominated dual-tranche social and green offering in the public bond markets. ( read original story ...)
GoGoX defies IPO drought as it pushes through downsized Hong Kong offering targeting US$85.5 million, down from US$500 million
The app-based logistics services provider hopes to sell 31.2 million shares at HK$21.50 in a retail offering that ends on Friday and will use the funds to expand, particularly in Southeast Asia. ( read original story ...)
Victim of pandemic, Hong Kong floating restaurant towed away
A landmark floating restaurant that fed Cantonese cuisine and seafood to Queen Elizabeth II, Tom Cruise and millions of other diners was towed from the Hong Kong harborfront Tuesday after being closed ... ( read original story ...)
Hong Kong’s Landmark Jumbo Floating Restaurant Towed Away
A landmark floating restaurant that fed Queen Elizabeth II, Tom Cruise and millions of other diners has been towed out of Hong Kong after falling victim to the pandemic. ( read original story ...)
ILS helps Hong Kong’s financial market diversify: Paul Chan
The passage of insurance-linked securities (ILS) legislation and now the successful issuance of a second catastrophe bond in the country, helps Hong Kong ... ( read original story ...)
Hong Kong fund managers plead with officials to reopen border
Hong Kong’s fund managers have called on the government to reopen the city’s borders and warned of a “permanent” loss of talent even as cases rose in the Chinese territory ... ( read original story ...)