HSBC Holdings PLC on Tuesday warned of more earnings pain ahead after first-quarter profit nearly halved as it set aside a hefty $3 billion in bad loan provisions due to the coronavirus pandemic. ( read original story ...)
China stocks waver as earnings loom; start-ups surge on IPO reform
China stocks on Tuesday flitted in and out of negative territory but turned positive as the start-up index gained on fresh regulatory reform, while investors awaited big banks to release their ... ( read original story ...)
Mongolia Scraps Coal Miner’s $1 Billion Overseas IPO Plan
(Bloomberg) -- Mongolia has shelved near-term initial public offering plans for state-owned coal miner Erdenes Tavan Tolgoi JSC as the Covid-19 pandemic roils financial markets.The country’s cabinet ... ( read original story ...)
Oriente raises $50 million to continue building its infrastructure for digital financial services
Oriente, a Hong Kong-based startup that develops tech infrastructure for digital credit and other online financial services, has raised $50 million for its ongoing Series B round. Launched in 2017 by ... ( read original story ...)
Hong Kong’s central bank sells HK$10.67 bln in New York hours after HKD rises to trading limit
The Hong Kong Monetary Authority (HKMA) sold HK$10.672 billion ($1.38 billion) worth of Hong Kong dollars in New York trading hours after the local currency hit the strong end of its trading band. ( read original story ...)
China kicks off IPO reform for Shenzhen’s start-up board ChiNext – state media
China on Monday kicked off a reform to fast track initial public offerings (IPOs) on Shenzhen's start-up board ChiNext, as Beijing accelerates capital market restructuring to reinvigorate an economy ... ( read original story ...)
Should You Or Shouldn’t You: A Dividend Analysis on The Hongkong and Shanghai Hotels, Limited (HKG:45)
Dividend paying stocks like The Hongkong and Shanghai Hotels, Limited (HKG:45) tend to be popular with investors, ... ( read original story ...)
Singapore digital banks: lessons to learn from Hong Kong
As the Monetary Authority of Singapore considers which of 21 applicants it will grant five coveted digital banking licenses to, market watchers say there are lessons to be learnt from Hong Kong. ( read original story ...)
Hang Seng Index, China stock markets gain on coronavirus progress
It's going to be a short trading week for Hong Kong -- only three days. And the mainland will be closed on Friday as well. The Stock Connect is closed on Thursday and Friday. Your bloggers will be ... ( read original story ...)
Asian markets gain after Japan central bank boosts aid
BEIJING — Asian stock markets gained Monday after Japan’s central bank promised more asset purchases to shore up financial markets as investors look to central bankers to support the struggling global ... ( read original story ...)
China’s Bank Bailouts Are Even Scarier Than They Look
Acknowledging the growing balance sheet problems among small and medium lenders, China’s banking and insurance regulator says it’s working on a reform plan and will become more vigilant about ... ( read original story ...)
Japanese stocks jump as Bank of Japan enhances monetary policy easing; oil prices drop
The Bank of Japan of Monday announced on Monday an enhancement of its monetary policy easing measures to combat the hit on Japan's economy as a result of the coronavirus pandemic. ( read original story ...)
Week In Review: Akeso Stages $335 Million HK IPO For Mono-/Bi-Specific Antibodies
AkesoBio staged a $335 million Hong Kong IPO and climbed 50% higher in its first trading session. CStone Pharma announced that China's NMPA has accepted its NDA ... ( read original story ...)
Hong Kong police break up pro-democracy singing protest at mall
Hong Kong riot police armed with shields dispersed a crowd of 300 pro-democracy activists holding a singing protest in an upmarket shopping mall on Sunday, despite a ban on public gatherings of more ... ( read original story ...)