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Month: April 2023

Posted on 20/04/2023

HSBC World Rugby Challenger Series: Hong Kong’s men make winning start in Stellenbosch, but women struggle

Wins over Papua New Guinea and Italy put Jevon Grove’s side in strong position after opening day in South Africa.

Posted on 20/04/2023

KKR-Backed ZJLD Is Said to Raise $675 Million in Hong Kong IPO

Chinese liquor company ZJLD Group Inc. raised HK$5.3 billion ($675 million) in Hong Kong’s largest initial public offering this year, after pricing shares near the bottom of a marketed range, ...

Posted on 20/04/2023

Hong Kong banking system’s total cash stable, no impact from US rate hikes: HKMA

VCG. The aggregate balance of Hong Kong's banking system remains stable, and US interest rate hikes won't affect Hong Kong's currency or its financial stabil ...

Posted on 20/04/2023

3 Hong Kong residents arrested for tricking victims out of credit card details to buy luxury goods online

Syndicate used stolen credit card details to buy goods online that were then sold for profit Officers seized Mercedes-Benz and Tesla limousines, Hermes handbags, cosmetic products and accessories ...

Posted on 20/04/2023

How HSBC’s charitable trust ensures Hong Kong’s better long-term future

Voluntary work at heart of philanthropy as bank staff Joyce Chong, Margaret Chan, Caroline Leung and Punit Mehrotra support city’s youth, elderly and underprivileged.

Posted on 20/04/2023

HSBC says split bank would result in ‘erosion of earnings’

The bank responded to the strong statement regarding a break-up plan by Ping An. HSBC's board has defended the bank's current strategy days after its largest investor Ping An Asset Management Company ...

Posted on 20/04/2023

China funds flock to Hong Kong to sate mainland investors

Large China-based fund managers are setting up shop in Hong Kong for the first time, seeking to fill Chinese investors' appetite for U.S. dollar-based products and international exposure after the ...

Posted on 20/04/2023

Hong Kong bishop hopes for closer ties with Beijing diocese

BEIJING (AP) — Hong Kong’s Roman Catholic bishop said in a historic trip to Beijing that he hopes the dioceses of the two cities will have more exchanges and cooperation, local media reported Thursday ...

Posted on 20/04/2023

Hong Kong treasury minister’s visit to UK to promote business ties met with protest

The attending UK officials were Minister of State in the Department for Business and Trade Dominic Johnson, the Minister of State (Indo-Pacific), Foreign, Commonwealth and Development Affairs, ...

Posted on 20/04/2023

What A Sputtering SPAC Reveals About Ripple’s Billion-Dollar XRP Business

Ripple says that XRP is improving cross-border payments, but new filings from the crypto firm’s Asian partner Tranglo suggest that customer adoption is lagging. So why are Ripple’s XRP sales ...

Posted on 20/04/2023

Hong Kong SPAC Pioneer Calls for Looser Rules to Revive Market

One of the pioneers of blank-check companies in Hong Kong is urging local regulators to relax rules in order for more listings to happen, acquisitions to materialize and liquidity to improve.

Posted on 20/04/2023

HSBC hits back at top shareholder’s sharpest call to split bank

Ping An publicly called for the creation of “a separately listed Asia business” for HSBC in a statement on Tuesday. Read more at straitstimes.com.

Posted on 20/04/2023

There Are 94 IPOs in the Pipeline in Hong Kong. Which Firms Have the Lion’s Share of the Work?

Funds raised from new share listings in Hong Kong in the first quarter of this year fell a massive 52% year-on-year, and fewer than 20 companies raised $837 million via Hong Kong IPOs in that time.

Posted on 20/04/2023

New box jellyfish found near Hong Kong in 1st discover of the venomous species in China’s waters

A new jellyfish named Tripedalia maipoensis was found in China’s waters near Hong Kong. The species is colorless, cube-shaped, and can swim faster than other kinds of jellyfish.

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