Category: FINANCE

Hong Kong’s economy contracted for the fourth straight quarter as the coronavirus pandemic and political tensions extend the city’s first recession in a decade. ( read original story ...)

Wealth managers at global banks, including Britain's HSBC, are reportedly scrutinizing whether their clients have ties to Hong Kong's pro-democracy movement in an effort to avoid tangling with China’s ... ( read original story ...)

US legislation could penalise banks for serving officials who implement the new national security for Hong Kong, including cutting off access to the SWIFT financial messaging service. ( read original story ...)

The coronavirus pandemic has forced Hong Kong into an even deeper recession. And it may take longer than expected to recover. ( read original story ...)

Wuxi Biologics, a Chinese drug maker, shot up after forecasting its net profit will jump by 58 per cent in the first half of the year from the same period last year. ( read original story ...)

Hong Kong's economy shrank by 9.0% in the second quarter from a year earlier, the government said on Wednesday, as the coronavirus pandemic weighed heavily on consumer spending, trade and tourism in ... ( read original story ...)

BOC Hong Kong dropped 0.68 percent, AIA Group climbed 0.55 percent, Hong Kong &China Gas shed 0.37 percent, CSPC Pharmaceutical lost 0.26 percent, CNOOC advanced 0.23 percent, China Life Insurance ... ( read original story ...)

Wuxi Biologics, a Chinese drug maker, shot up after forecasting its net profit will jump by 58 per cent in the first half of the year from the same period last year. ( 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 ...)

A top adviser to Hong Kong’s leader clarified that the closure of one of his U.S. bank accounts is unrelated to China’s new security law for the city. ( read original story ...)

After several years weighing the pros and cons of leaving Hong Kong, Ms Lee is taking the plunge and moving to Canada. Though she has no job lined up, faces higher taxes and will have to endure harsh ... ( read original story ...)

For big banks ranging from Citigroup and Goldman Sachs to HSBC and Standard Chartered, a lot is at stake.If they are found to be doing business with blacklisted individuals, American lenders could fac ... ( read original story ...)

Caught in the crossfire between Washington and Beijing, HSBC Holdings Plc is fighting forces that threaten to upend a business built on connecting China to the West. ( read original story ...)

Executive Council convenor Bernard Chan believes move was made because he is considered to be a ‘politically exposed person. ( read original story ...)