A Hong Kong court rejected an appeal by an influential activist who was trying to reduce his prison sentence for rioting related to a violent 2016 protest. ( read original story ...)
Hong Kong facing threat of worst recession ever, finance chief Paul Chan warns, as he predicts coronavirus will have ‘long-lasting’ impact
Financial Secretary Paul Chan says economy could shrink by between 4 and 7 per cent and impact of coronavirus will be ‘more serious and long-lasting’ than first thought. ( read original story ...)
Chinese e-commerce firm JD.com files for secondary listing in Hong Kong, sources say
JD.com, one of China's largest e-commerce sites, has applied for a secondary listing in Hong Kong, in what could be the largest fundraising exercise so far this year in the city.The ... ( read original story ...)
Hong Kong Economy to Shrink Between 4% and 7% in 2020, Chan Says
Hong Kong Financial Secretary Paul Chan expects the city’s economy to contract as much as 7% this year amid the global coronavirus pandemic, much worse than his original projection when presenting the ... ( read original story ...)
Slow Hong Kong Handouts Prompts Fintech Firm to Offer Them First
WeLab Ltd., the fintech firm behind one of Hong Kong’s newest online banks, said it will provide the city’s HK$10,000-a-head ($1,290) handouts in advance for people who don’t want to wait for the ... ( read original story ...)
Bank of China posts 3.2% rise in first-quarter profit amid coronavirus outbreak
SS> , the country's fourth-largest bank by assets, posted on Wednesday a 3.17% rise in first-quarter net profit amid the coronavirus outbreak. ( read original story ...)
Financials lift Hong Kong shares after China banks post profit growth
HSI financial sector sub-index gains 0.6%; property sector up 0.9% April 29 (Reuters) - Hong Kong shares finished higher on Wednesday, lifted by financials after China's biggest listed banks reported ... ( read original story ...)
HSBC’s first-quarter profits drop by nearly half as coronavirus hits
HSBC set aside more money for potentially larger loan losses due to the coronavirus pandemic and weakening oil prices. ( read original story ...)
At Last, an HSBC Wound That Isn’t Self-Inflicted
As the coronavirus damage ebbs in Hong Kong and mainland China, the bank’s pivot to Asia may yet be vindicated. ( read original story ...)
Hong Kong economy to shrink between 4% and 7% in 2020, says finance chief
Hong Kong Financial Secretary Paul Chan expects the city's economy to contract as much as 7 per cent this year amid the global coronavirus pandemic, much worse than his original projection when ... ( read original story ...)
E-commerce Giant JD Chasing Hong Kong Second Listing: Bloomberg
China's second largest e-commerce company JD.com has filed confidentially to list its shares in Hong Kong hoping to raise at least US$2 billion, a report said Wednesday, following a mega-IPO by rival ... ( read original story ...)
Hong Kong facing greater financial crisis than in 2008 or 1999 warns city’s finance chief, as he predicts ‘long-lasting’ impact of coronavirus
Financial Secretary Paul Chan says economy could shrink by between four and seven per cent, as he says impact of coronavirus will be ‘more serious and long-lasting’ than first thought. ( read original story ...)
JD.com applies for $3 billion Hong Kong secondary listing: sources
HONG KONG (Reuters) - Chinese e-commerce retailer JD.com is pressing ahead with plans for a secondary listing in Hong Kong within the next few months despite the coronavirus pandemic still roiling ... ( read original story ...)
JD Is Said to File for $2 Billion Hong Kong Second Listing
(Bloomberg) -- Chinese e-commerce giant JD.com Inc. has filed confidentially for a second listing in Hong Kong, according to people with knowledge of the matter, joining rival Alibaba in tapping the ... ( read original story ...)