Asian equities were largely higher, though there were several pockets of minor weakness. Hong Kong growth stocks underperformed as morning gains eased over the trading day as traders took short-term ...
Chinese cities ease mortgage rules in bid to revive property sector
BEIJING/HONG KONG (Reuters) -Two of China's biggest cities eased mortgage curbs and the country's top banks flagged mounting risks from the deepening property sector turmoil on Wednesday, as Beijing ...
HSBC Buys Back Over 4.65M Shrs for $277M Ytd
HSBC HOLDINGS (00005.HK) announced that it repurchased a total of 4.6504 million shares in the UK and Hong Kong markets yesterday (16th), involving a total of HK$277 million.Of the... HSBC HOLDINGS ...
Hong Kong issues lowest typhoon warning as Saola edges closer
HONG KONG, Aug 30 (Reuters) - Hong Kong's observatory issued its lowest typhoon signal on Wednesday as Typhoon Saola moved across the northeastern part of the South China Sea to edge closer to the ...
Hong Kong Issues Cyclone Warning as Super Typhoon Approaches
Taiwan shut offices and canceled flights across parts of the south on Wednesday as Super Typhoon Saola sweeps past the island’s southern tip, heading toward the Chinese coast after battering northern ...
Pressure on China’s Property Market Builds as Country Garden Faces Fresh Stress
Country Garden Holdings (ticker: 2007.Hong Kong), one of China’s biggest property developers, is due to report earnings for the first half on Wednesday after missing interest payments on its bonds ...
Guangzhou eases mortgage rules, banks flag risks as China steps up efforts to revive property sector
Guangzhou on Wednesday became the first major Chinese city to announce an easing of mortgage curbs and the country's top banks flagged mounting risks from property sector turmoil, as Beijing ramps up ...
Bank of China says some regional LGFVs have defaulted
HONGKONG : The Bank of China said on Wednesday that some regional local government financing vehicles (LGFV) have defaulted and the lender's asset quality has deteriorated. Chief Risk Officer Liu ...
Chinese banks ICBC, BOC post sluggish profit growth
BEIJING/SHANGHAI/HONG KONG (Reuters) -Two of China's biggest banks on Wednesday ... Industrial and Commercial Bank of China Ltd (ICBC), the country's biggest lender, said in a filing its net profit ...
Hong Kong stocks gain as HKEX, Longfor rally amid market-boosting measures while Xiaomi lifts earnings optimism
Stocks sustain a rally as HKEX and Longfor lead gainers amid bets on more market-boosting measures. Investors are turning less bearish as policymakers begin to address a slump in confidence.
Crypto Bank Seba Wins In-Principle Approval to Operate in Hong Kong
Seba, a crypto bank based in Switzerland, said it won approval-in-principle (AIP) from Hong Kong's Securities and Futures Commission (SFC) for its regional subsidiary as it looks to extend its ...
Chinese EV start-up Hozon raises US$960 million in pre-IPO financing, looks to expand footprint at home and abroad
Shanghai-based carmaker did not name the investors in the crossover funding round, its first capital raise since July 2022 Hozon, also known as Neta Auto, is also seeking to raise US$1 billion via a ...
IT Market in Hong Kong to grow by USD 6.72 billion | Increased adoption of IT solutions among Hong Kong SMEs drives market – Technavio
Hong Kong's thriving startup ecosystem with a focus on digital transformation, contributes to the rapid evolution of the IT landscape. Additionally, the city's advanced telecommunications ...
China Steel Website Zhaogang Nears Hong Kong’s First SPAC Merger, Sources Say
Chinese steel trading website Zhaogang.com is nearing a deal to merge with a Hong Kong-listed blank-check company backed by China Merchants Bank Co.’s overseas asset management arm, people with ...