Chinese nickel producer and trader Lygend Resources has priced shares at HK$15.80 apiece to raise $470m in its Hong Kong initial public offering (IPO), according to two people with direct knowledge of ...
Hong Kong finds 90-year-old cardinal guilty over pro-democracy protest fund
A 90-year-old former bishop and outspoken critic of China's ruling Communist Party was found guilty Friday on a charge relating to his role in a relief fund for Hong Kong's pro-democracy protests in ...
Hong Kong court convicts Cardinal Zen, 5 others over fund
A 90-year-old Catholic cardinal and five others in Hong Kong were fined after being found guilty Friday of failing to register a now-defunct fund that aimed to help people arrested in the widespread ...
Live news: Hong Kong courts convicts former Cardinal over activist support fund
A Hong Kong court has convicted Cardinal Joseph Zen, formerly the territory’s most senior Catholic cleric, over failing to register a now-defunct fund that supported activists during the city’s 2019 ...
Hongkongers believe they need HK$5.9 million to qualify as middle class, HSBC study shows
A study by HSBC shows that global market uncertainties have changed the way these individuals view their financial future. The bank has upgraded its Premier offerings to meet the financial needs of ...
HSBC recognised as ‘Market Leader’, ‘Best Service’ by Euromoney
HSBC Bangladesh has been voted yet again as ‘Market Leader’and ‘Best Service’ in the Euromoney Cash Management Survey 2022 ...
Hong Kong Fintech XanPool To Expand Across Europe, Latin America After Raising $41 Million
XanPool—a cross-border payments infrastructure provider—is expanding across Europe, Middle East, North Africa and Latin America after raising $41 million this year.
HSBC-Backed Quantifeed Acquires UK Fintech Startup Alpima
Quantifeed, a Hong Kong-based fintech firm backed by HSBC Holdings Plc’s asset management arm, has acquired UK peer Alpima in a move that boosts its global footprint and product offerings.
Hong Kong Emigres Seek Milk Tea in Craving for Taste of Home
As tens of thousands leave Hong Kong for new lives abroad, many are craving a flavor from childhood that’s become a symbol of the city’s culture: the heavy, sweet milk tea served at diner-like ...
Why is Bill Ackman betting against the Hong Kong dollar, when even George Soros failed?
Billionaire investor Bill Ackman said he’s betting the Hong Kong dollar will fall and that its peg to the U.S. dollar will break as Federal Reserve rate hikes turn the blowtorch on Hong Kong’s ...
Billionaire investor Bill Ackman is shorting the Hong Kong dollar in a bet it’ll lose its peg to the greenback
The billionaire investor said that Federal Reserve interest rate rises will break the currency's peg with the US dollar as it "no longer makes sense." ...
China’s Lygend Raises $470 Million in Hong Kong IPO, Sources Say
Lygend Resources & Technology Co., a Chinese nickel producer and trader, raised about HK$3.67 billion ($470 million) in its Hong Kong initial public offering, according to people familiar with the ...
AWS And HKSTP Launch ‘Idea Launcher’ Co-Ideation Initiative
HONG KONG SAR - media outreach - 24 November 2022 - Amazon Web Services (AWS) and Hong Kong Science and Technology Parks Corporation (HKSTP) today j ...
Hong Kong’s peg to the U.S. dollar has survived for decades. Bill Ackman thinks it’s ‘only a matter of time before it breaks’
The city’s government blamed the contraction on shrinking exports from a worsening global economy, yet Hong Kong’s business community also blames the city’s inbound travel restrictions for suppressing ...