Hong Kong on Friday proposed changing its rules to allow SPACs to list, but with tighter restrictions than elsewhere as it becomes the latest to tap the desire for such investment vehicles even as the ... ( read original story ...)
Hong Kong stocks pare weekly loss as Macau casino operators, tech firms rebound from sell-off
Local stocks regain some footing after a massive sell-off this week as traders reassess the regulatory outlook. China Evergrande continues to slip as the developer looks for debt solutions. ( read original story ...)
Investors should shift focus to Japan from Hong Kong and Chinese markets: Strategist
Don't fight China's government objectives, says Suresh Tantia from Credit Suisse. He advises investors to invest in line with Beijing's goals, and recommends betting on Japan instead. ( read original story ...)
Hong Kong’s Hang Seng index falls nearly 5% for the week; Evergrande shares drop more than 3%
Shares of China Evergrande Group fell 3.42% on Friday as fears over its debt problems continue to weigh on investor sentiment. ( read original story ...)
Hong Kong’s banks pull the plug on a second unfinished housing project, halting mortgage loans to Kwai Hung’s Mangrove flats
Hong Kong banks are becoming more cautious in their mortgage lending, particularly for incomplete projects built by smaller developers. HSBC, Bank of China (Hong Kong), Hang Seng Bank, Bank of East ... ( read original story ...)
Former McKinsey boss Kevin Sneader joins Goldman Sachs
Former McKinsey boss Kevin Sneader joins Goldman Sachs The former Global Managing Partner of McKinsey & Company has been tapped to co-lead the Asia Pacific wing of Goldman Sachs. The move sees Kevin ... ( read original story ...)
Preface, the Hong Kong-based EdTech Company, Sees 500% YoY Surge in Revenue, Overcoming Impact of Pandemic
Series A Funding Completed to Fuel Growth in Coding Education Cultivate Future Global Talents, Build Coding as Universal LanguageTOKYO, JAPAN and LONDON, UK - Media OutReach - - Preface, the Hong Kong ... ( read original story ...)
HK official talks on national security law, local business HK official talks on national security law, local business
Data has indicated no major reduction in the number of international firms in Hong Kong, despite debates in both media and among foreign businesses in the city when the National Security Law came into ... ( read original story ...)
Chinese bank’s $1.3bn offering rekindles Hong Kong IPO market
HONG KONG -- A Chinese bank is breathing life back into Hong Kong's initial public offering market after Beijing's clampdown on the technology sector crippled volumes for much of the third quarter. ( read original story ...)
With tighter grip, Beijing sends message to Hong Kong tycoons: fall in line
As Beijing seeks to tighten its grip over Hong Kong, it has a new mandate for the city's powerful property tycoons: pour resources and influence into backing Beijing's interests, and help solve a ... ( read original story ...)
Lantern maker for Mid-Autumn Festival in Hong Kong loves the job, but doubts it has a future with city’s cultural heritage under threat
One of the last traditional Chinese lantern makers in Hong Kong, Ha Chung-kin, explains why – although he loves his job – he thinks the craft will die out in the city. ( read original story ...)
Business News Live: Asian shares steady amid global growth fears
Asian shares steady amid global growth fears. Asian shares steadied in early trade after falling earlier in the weak, but global growth fears played on investors' mind, Reuters re ... ( read original story ...)
Hong Kong Tests Boosters for Sinovac Users as Protection Wanes
Hong Kong is testing whether people given Sinovac Biotech Ltd.’s Covid vaccine will fare better if they get a booster using BioNTech SE’s more potent mRNA technology, as evidence emerges about how ... ( read original story ...)
Hong Kong Stock Market Overdue For Support On Friday
The Hong Kong stock market has finished lower in four straight sessions, plunging more than 1,530 points or 6 percent along the way. The Hang Seng Index now sits just above the 24,660-point plateau ... ( read original story ...)