The exchange’s operator reported record revenue and net profit for the six months to June 30, driven by strong trading volumes and a buoyant market for initial public offerings. ( read original story ...)
Hong Kong bourse sees drop in Q2 profit as IPO boom wanes
Hong Kong Exchanges and Clearing (HKEX) reported a drop in profit in the second quarter as a boom in initial public offerings (IPOs) and trading at the start of the year waned. Net income fell to HK$2 ... ( read original story ...)
Prudential shrugs off Hong Kong border closure
Prudential posted a 17 per cent increase in sales in Asia and Africa despite the continued closure of the border between China and Hong Kong.The result was seen ... ( read original story ...)
Hong Kong Bourse Sees Drop in Quarterly Profit as IPOs Slow
Hong Kong Exchanges & Clearing Ltd. reported a drop in profit in the second quarter as a boom in initial public offerings and trading at the start of the year waned.Net income fell to HK$2.77 billion ... ( read original story ...)
Former financial controller of Hong Kong private school arrested on suspicion of stealing HK$600,000 in student fees
Police source says alleged theft took place just days after the man was sacked last month for poor financial management. ( read original story ...)
CSOP Global Smart Driving Index ETF (stock ticker: 3162.HK) to List on the HKEX
CSOP Asset Management Limited (“CSOP”) is honoured to announce the listing of CSOP Global Smart Driving Index ETF (stock ticker: 3162.HK) on the Hong Kong Stock Exchange (the “HKEX”). CSOP Global ... ( read original story ...)
Enterprises Put a Spotlight on Business Transformation & Resilience at SAP Hong Kong Forum
Amid ongoing disruption and uncertainty, Hong Kong businesses are prioritizing their long-term wellbeing with digital solutions that help them respond to changes and capture opportunities, SAP Hong ... ( read original story ...)
Hong Kong carrier Cathay Pacific posts $972 mn first-half loss
Struggling Hong Kong carrier Cathay Pacific on Wednesday reported a $972 million net loss in the first six months of 2021 as the pandemic continues to hammer demand for travel. ( read original story ...)
Hong Kong bourse operator’s profit rises 26% on trading volume boost
The Hong Kong stock exchange operator posted a 26% rise in first-half profit on Wednesday, as trading volume rose after a string of listings on the bourse by large Chinese companies and due to high ... ( read original story ...)
TikTok Parent ByteDance Plans Hong Kong IPO After Shelving New York Listing
ByteDance, the Chinese tech giant behind TikTok, is reportedly planning a 2022 Hong Kong initial public offering (IPO) just months after shelving a potential offshore listing in fear of punishment ... ( read original story ...)
Hong Kong Bourse Tipped To Extend Winning Streak
The Hong Kong stock market has moved higher in consecutive trading days, gathering more than 425 points or 1.6 percent along the way. The Hang Seng Index now rests just above the 26,600-point plateau ... ( read original story ...)
Hong Kong’s ‘zero Covid’ strategy frustrates travel-starved residents
Before the pandemic, Hongkongers were among the most well-traveled people on Earth. While thankful to be safe due to the government's strict Covid-19 protocols, some can't help but feel envious as ... ( read original story ...)
Asia Growth Hit by Delta; Hong Kong Extends Curbs: Virus Update
Asia’s economies are already showing a hit from the surging delta variant of Covid-19 as consumers stay at home and airplanes idle on the tarmac. Hong Kong extended until March regulations that allow ... ( read original story ...)
U.S. Advisory Cautions Businesses Operating in Hong Kong About China’s Crackdown
On July 16, 2021, the Biden administration issued a Hong Kong Business Advisory highlighting changes in the political climate of China and Hong Kong. The advisory, titled “Risks and Considerations for ... ( read original story ...)