One of Hong Kong’s last big hopes for a resurgence of its IPO market has been dashed by Alibaba Group Holding Ltd.’s move to scrap a listing of its logistics unit, piling pressure on the financial hub ...
What’s getting in the way of Hong Kong’s reputation as a global financial hub?
Hong Kong is a leading global financial hub, however in 2023, amidst geopolitical tensions, regulatory changes, and evolving media narratives, Hong Kong’s reputation has undergone significant scrutiny ...
Hong Kong stocks tumble as Alibaba’s scrapping of logistic unit IPO weighs on sentiment
Hong Kong stocks underperformed the region as sentiment was dealt a blow by the cancellation of a Hong Kong IPO of Alibaba Group’s logistic unit and a cautious outlook from electric vehicle maker BYD.
HSBC launches tokenised gold for retail customers in Hong Kong as government pushes for publicly accessible digital assets
HSBC Gold Token, which will be available on the lender’s online banking and mobile app, is the first such retail product to be issued by a bank, according to HSBC, as the government pushes for more ...
UOB names new global markets head and Hong Kong chief
Adaline Zheng, who was head of wholesale banking and alternate chief executive officer (CEO) at UOB China, took over as CEO of UOB’s Hong Kong branch on March 25.
Hong Kong Stocks Drop In Opening Trade
Hong Kong stocks began with losses Wednesday morning following a small retreat on Wall Street with traders looking ahead to the release of key US data and the start of corporate earnings season.
Hong Kong stocks open lower on lacklustre Wall Street
Hong Kong stocks began with losses on Wednesday morning following a small retreat on Wall Street with traders looking ahead to the release of key US ...
Promoting a stable business environment in Hong Kong
Also, contrary to his claim about foreign companies operating in Hong Kong, the ordinance is expected to curb the destructive attempts of certain external forces to interfere in Hong Kong's internal ...
How seeing I.M. Pei’s Bank of China Tower in Hong Kong changed the life of a Hong Kong artist and architect
I.M. Pei’s distinctive, angular Bank of China Tower, in Hong Kong, was a heavy influence on architect and artist Raymond Fung, who recalls seeing it under construction and later working for Pei.
StanChart CEO Winters meets China FX regulator, launches investment banking unit
Standard Chartered CEO Bill Winters met with the head of China's foreign exchange regulator on Monday, a month after the bank suspended new investments by its clients in the country into offshore ...
Alibaba scraps Hong Kong IPO plan for logistics unit Cainiao as it eyes synergy with e-commerce
Alibaba scraps Hong Kong IPO plan for logistics unit Cainiao and decides to double down on its investment in strategically important unit.
Analyst Reveals Hong Kong’s Plan to Greenlight In-Kind Bitcoin ETFs
Hong Kong is poised to consider allowing in-kind creations and redemptions for spot Bitcoin exchange-traded Funds (ETFs). This development, anticipated in the second quarter of this year, could herald ...
At Art Basel Hong Kong, Slow Sales of Seven-Figure Works Meet Talk of a ‘Positive’ Market
A $9.5 million Willem de Kooning painting led the opening's sales, but it was one of the few six-figure works on offer.
Alibaba Scraps Logistics Listing as Hong Kong IPO Woes Worsen
The Chinese internet company has abandoned plans to list Cainiao, dealing a blow to Hong Kong’s beleaguered initial public offering market.