Category: FINANCE

TikTok owner ByteDance is considering scrapping a global IPO in favor of a listing of just its Chinese business, Reuters reported Friday. The ... ( read original story ...)

The State Council’s antitrust committee has been gathering information on Alipay, owned by Ant Group which in turn is an affiliate of Alibaba Group Holding Ltd, as well as on Tencent Holdings Ltd’s ... ( read original story ...)

Corona Capital is a daily column updated throughout the day by Breakingviews columnists around the world with short, sharp pandemic-related insights. ( read original story ...)

Dairy Farm Group and its associated partners Hang Seng Bank and Jardine Restaurant Group announce the launch of Hong Kong’s biggest customer rewards club app, yuu. Available for download on the App ... ( read original story ...)

China's top antitrust agency is looking at whether to launch a probe into Alipay and WeChat Pay, prompted by the central bank which argues the digital payment giants have used their dominant positions ... ( read original story ...)

BOC Hong Kong lost 0.23 percent, Galaxy Entertainment added 0.19 percent, Power Assets gained 0.12 percent, Techtronic Industries eased 0.06 percent and Hang Seng Bank was unchanged. The lead from ... ( read original story ...)

Ant Group, the Chinese fintech founded by billionaire Jack Ma, is planning to go public in what could be one of the largest IPOs ever. In a ... ( read original story ...)

WeLab Bank opened for business today after a three-month trial by dangling a 4.5 per cent annual rate on deposits from as little as HK$10 (US$1.30), it said on its debut. The firm will also offer a ... ( read original story ...)

Standard Chartered Plc Chief Executive Officer Bill Winters said Hong Kong dollar’s peg to the greenback is “unassailable” at a time when the U.S. has threatened action against China for imposing a ... ( read original story ...)

Offering 8% cash back on WeLab Debit Card spending[1] HONG KONG, July 30, 2020 /PRNewswire/ -- WeLab Bank ("WeLab Bank" or the "Bank"), a homegrown virtual bank licensed by the Hong Kong Monetary ... ( read original story ...)

Commercial lenders in Hong Kong say they are concerned about a 30% drop in building values over the past 12 months and will consider calling in or restructuring loans if values fall much further. If ... ( read original story ...)

It has been a long journey for virtual banking to be officially in place in town. To explore the dynamics of virtual banking in Hong Kong, Nielsen has conducted a Personal Finance Monitor to study ... ( read original story ...)

Noah Holdings Ltd. was a poster child for the dangers lurking in China’s $8 trillion shadow banking system. Now it’s at the fore of a historic shift in Chinese asset management, one that policy makers ... ( read original story ...)

It is a new reality for Hongkongers, now that Beijing has powers to override the semi-autonomous region’s local laws and crack down on various ... ( read original story ...)