HONG KONG] Hong Kong eased some of its rules to list in the city, potentially bolstering what’s already been one of the hottest markets in the world for initial public offerings this year. Read more ...
Hong Kong raises $1.5 billion in July as new stablecoin rules take effect
Hong Kong’s new Stablecoin Ordinance came into effect on August 1, with fintech firms raising $1.5B in July as investors adapt to strict licensing rules.
Hong Kong court freezes US$1.8 billion HSBC account as Wahaha inheritance battle unfolds
The three extramarital children of the late Wahaha founder Zong Qinghou sued their half-sister Kelly Zong Fuli over the inheritance.
Hong Kong Court Preserves $1.8 Billion in Wahaha Trust Case
A Hong Kong court granted an order preventing Hangzhou Wahaha Group Co. Chairwoman Kelly Zong from withdrawing any of the $1.8 billion held in an HSBC Holdings Plc account, as part of a case filed by ...
Hong Kong to lower exchange’s minimum float to let more companies join city’s IPO bonanza
Mainland-listed firms will be allowed to float a minimum of HK$3 billion worth of shares in Hong Kong, or 10 per cent of outstanding capital.
About 50 workers in Hong Kong owed more than HK$7 million as another eatery closes
Union says workers left with unpaid wages and other claims after their employer, Glorious Seafood Restaurant, closes permanently on Friday.
Hong Kong to Enforce KYC Checks for Stablecoin Transactions Above $8,000
Hong Kong mandates KYC for stablecoin transactions above $8,000, aiming to reduce financial crime and strengthen regulatory oversight.
Retiring OCBC CEO to spend more time with family in Hong Kong, but will not leave Singapore completely
Current group CEO Helen Wong said the bank had identified potential candidates internally, while doing a “comprehensive global search”, before deciding on Mr Tan Teck Long, its current head of global ...
‘Space oil’ drug renamed as ‘etomidate’ by Hong Kong government
In early July, the Hong Kong government announced their plans to rename the ‘space oil’ drug as its current street name makes it sound too appealing. The authorities have now decided to officially ...
Air-Conditioner Maker Aux Electric Is Said to Target Hong Kong IPO in September
Aux Electric Co., one of China’s top makers of air conditioners, is targeting to go public in Hong Kong as early as September in a listing that could raise $600 million to $800 million, according to ...
Fintech firms rush to raise equity in Hong Kong to tap crypto frenzy
By Summer Zhen and Samuel Shen HONG KONG/SHANGHAI (Reuters) -Fintech companies are rushing to raise equity in Hong Kong to fund expansions in cryptocurrencies, capitalising on investor fervour as the ...
Star Entertainment Group facing $41m payment to Hong Kong investors as sale of Brisbane Queen’s Wharf precinct collapses
Star Entertainment Group faces a raft of hefty costs after a deal to sell its share of its Brisbane casino and consolidate its Queensland operations to its Gold Coast blew up.
HKMA’s strict stablecoin regime to shape Hong Kong’s crypto future
Observers surprised after the city’s de-facto central bank says it plans to issue the first batch of licences early next year.
Quake rumour fades as Hong Kong investor keeps buying Japanese hotels
Weak yen, new rail links and landlord-friendly rules convince veteran deal maker Roy Yip that Japan’s bricks still beat the whispers ...