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Month: April 2024

Posted on 08/04/2024

Bonnie Chan: HKEX (00388.HK) Has Reduced IPO Approval Times, But Room to Speed Up Still Exists

There have been criticisms that HKEX (00388.HK) is taking too long to approve IPOs. Bonnie Chan, CEO of HKEX, said the median approval time for main board listings in 2023 was significantly reduced ...

Posted on 08/04/2024

HSBC summit: Hong Kong’s heritage in ‘business of thriving’ is ‘not about to change’, John Lee tells global investors

I'm confident that as global investors, you can see the far-reaching promise of Hong Kong for yourself,' Chief Executive tells HSBC summit The government is committed to enhancing the city's markets, ...

Posted on 08/04/2024

Shimao Shares Fall After China Bank Files Liquidation Petition

Shimao Group shares fell sharply after a Chinese state-run bank filed a liquidation petition against the heavily indebted developer, adding uncertainty to a proposed restructuring of offshore debt.

Posted on 08/04/2024

US treads carefully in responding to Hong Kong’s new national security law

The U.S. has denounced Hong Kong’s new national security law as a tool to potentially silence dissent both at home and abroad, but so far the action from Washington has been notably muted, ...

Posted on 08/04/2024

Hong Kong leader says government considering more steps to boost stock market

Hong Kong's leader John Lee said on Monday the authorities were considering additional measures to bolster the securities market in the Asian financial hub, which has taken a hit from China's economic ...

Posted on 08/04/2024

Hong Kong stocks rise after US-China talks triggers cautious optimism, investors eye key data releases

Hong Kong stocks rose after US-China talks, described as ‘extensive and productive’ by US Treasury Secretary Yellen, triggered optimism. Key economic data releases will drive sentiment later in the ...

Posted on 08/04/2024

China property developer Shimao faces liquidation order from state-owned bank

By Scott Murdoch (Reuters) -Chinese property developer Shimao Group said on Monday that China Construction Bank (Asia) had filed a liquidation petition against it in Hong Kong over a financial ...

Posted on 08/04/2024

Hong Kong Bourse May Halt Losing Streak

The Hong Kong stock market has finished lower in two straight sessions, slumping almost 210 points or 1.3 percent along the way. The ...

Posted on 08/04/2024

Chinese Developer Shimao Receives Wind-Up Petition in Hong Kong

Defaulted Chinese developer Shimao Group Holdings is facing a demand to liquidate from creditor China Construction Bank (Asia) Corp., the latest example of a troubled builder grappling with legal ...

Posted on 08/04/2024

Blow for Hong Kong football chief Fok as city fails to secure EAFF Championship contests

In an additional setback, the city will not stage the qualifying competition for next year's tournament, after that honour was instead handed to Kaohsiung in Taiwan. Eric Fok Kai-shan, chairman of the ...

Posted on 08/04/2024

Hong Kong fund managers set up shop in Middle East finance centres to seize opportunities, talent

Infini Capital Management and Arte Capital have both set up offices in Abu Dhabi - and US$1 billion funds focused on Middle East opportunities Access to talent, low taxes and visa schemes are draws, ...

Posted on 08/04/2024

Trans activists outraged over Hong Kong’s new policies for changing gender on IDs

A ctivists in Hong Kong are incensed over new policies that are supposed to make it easier for trans folks to change the gender marker on their IDs but, in actuality, remain quite stringent.

Posted on 08/04/2024

Hong Kong man, 47, charged after customs officers seize HK$2.2 million worth of cannabis and crack cocaine

Man charged with three counts of trafficking in a dangerous drug; expected to appear at Tuen Mun Court on Monday.

Posted on 08/04/2024

‘One of a kind’: final whistle blows on Hong Kong Stadium hosting rugby Sevens

Event will move to new venue in Kai Tak after being held for more than 40 years at Hong Kong Stadium in Causeway Bay.

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