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Month: October 2022

Posted on 06/10/2022

Hong Kong stocks pare best rally in 5 months as Goldman sees bigger slide in home prices, CALB slips below IPO price

Chinese electric-car battery maker CALB opened flat on its first day of trading in Hong Kong. The stock opened unchanged from its IPO price of HK$38, before changing hands recently 1.4 per cent lower ... ( read original story ...)

Posted on 06/10/2022

Battery Maker CALB Opens Flat After $1.3 Billion Hong Kong IPO

It capped the biggest first-day decline on record for a listing of that size or bigger in the city. IPO proceeds in Hong Kong are down nearly 75% for the year, and half of the 18 companies that listed ... ( read original story ...)

Posted on 06/10/2022

Battery Maker CALB Falls in Hong Kong Debut

By Yifan Wang Chinese electric-vehicle battery maker CALB Co. fell in its Hong Kong trading debut, becoming the latest newly listed company in the ... ( read original story ...)

Posted on 06/10/2022

Credit Suisse sees another departure as Hong Kong-based managing director leaves for HSBC

Credit Suisse has become a poaching ground for rivals recently, with the bank struggling to contain the fallout of a series of scandals Read more at straitstimes.com. ( read original story ...)

Posted on 06/10/2022

China’s CALB shares open flat in Hong Kong listing debut

HONG KONG (Reuters) -Chinese lithium battery maker CALB Co's shares opened in line with their HK$38 apiece issue price in the company's Hong Kong Stock Exchange debut on Thursday. Load Error The ... ( read original story ...)

Posted on 06/10/2022

Hong Kong home prices could nosedive 30 per cent through 2023 as interest rates repel buyers, Goldman Sachs forecasts

The Hong Kong Monetary Authority (HKMA) has lifted its base interest rate five times this year to 3.5 per cent, a 14-year high, in lockstep with the US Federal Reserve. Commercial banks including HSBC ... ( read original story ...)

Posted on 06/10/2022

Taiwan blocks Hong Kong immigrants over KPMG China and Cathay Pacific links

Taiwan authorities have cited working for the China arm of Big Four audit firm KPMG and for airline Cathay Pacific as reasons to reject immigration applications from Hong Kong residents, amid a ... ( read original story ...)

Posted on 06/10/2022

Nick ‘Honey Badger’ Cummins accused of endorsing human rights abuses in Hong Kong

Billboards in Sydney and Melbourne have also been plastered in ads from the Hong Kong government declaring a “new era” of “stability, prosperity and opportunity” for the global financial hub. The ... ( read original story ...)

Posted on 06/10/2022

U.S. lawmakers slam U.S. corporate executives’ Hong Kong trip plans

Load Error At issue: the Hong Kong Monetary Authority’s Global Financial Leaders’ Investment Summit in November, where senior executives from financial institutions including JPMorgan Chase, Citigroup ... ( read original story ...)

Posted on 06/10/2022

Credit Suisse’s Hong Kong Bankers Deserve Some Love

Drastic options are on the table, including a large-scale investment banking retreat, a sale of its securitized products business — and, of course — a lot of layoffs to cut costs. In Hong Kong, one of ... ( read original story ...)

Posted on 06/10/2022

China’s space recruitment drive: One small step for Hong Kong, one giant leap for the economy?

That China's space programme will launch a recruitment drive in Hong Kong can inspire society, including its academic, business and technology elites, to prioritise STEM education With government ... ( read original story ...)

Posted on 06/10/2022

Bipartisan group of senators condemns China’s prosecution of Hong Kong Cardinal Joseph Zen

A bipartisan group of senators has introduced a resolution to condemn the Chinese government’s crackdown in Hong Kong and its prosecution of outspoken Catholic Cardinal Joseph Zen. ( read original story ...)

Posted on 06/10/2022

CityLab Daily: Hong Kong Clash Pits Housing vs. Birds

How to solve the great urban restroom shortage, and Michigan lures a $1.6 billion battery factory in the fight for EV jobs. ( read original story ...)

Posted on 06/10/2022

Hong Kong shares soar 5%, leading Asian market gains

The Hang Seng in Hong Kong rose 5.3% to 17,988.86, catching up with gains elsewhere as markets reopened following a holiday Tuesday. Markets in mainland China remained closed for a holiday. Japan's ... ( read original story ...)

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