[LONDON] HSBC Holdings raised its profitability outlook for 2025 even as earnings slid following an unexpected US$1.1 billion provision tied to Bernard Madoff’s giant fraud case more than a decade ago ...
Shares of China’s Sany Heavy Industry trade flat on Hong Kong trading debut after $1.6 billion IPO
China's Sany Heavy Industry traded flat on its Hong Kong trading debut Tuesday after raising HKD$12.36 billion ($1.59 billion) in one of the city's largest listings this year.
Shares of China’s Sany Heavy climb on Hong Kong trading debut after $1.6 billion IPO
China's Sany Heavy Industry rose marginally on its Hong Kong trading debut Tuesday after raising HKD$12.36 billion ($1.59 billion) in one of the city's largest listings this year.
PONY AI Inc. Launches Hong Kong Initial Public Offering
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN OR INTO THE UNITED STATES. BEIJING, China, Oct. 27, 2025 (GLOBE NEWSWIRE) -- Pony AI Inc. (“Pony.ai” or the “Company”) (Nasdaq: PONY ...
Pony AI launches Hong Kong IPO; plans R&D expansion from proceeds
Investing.com-- Chinese autonomous driving firm Pony AI (NASDAQ:PONY) has launched its Hong Kong initial public offering, issuing about 41.96 million Class A ordinary shares, the company said on ...
Hong Kong stock rally pauses after rising to 3-week high as Xi-Trump meeting looms
The rally that lifted Hong Kong stocks to a three-week high took a respite on Tuesday, as investors awaited the high-stakes sit-down between President Xi Jinping and his US counterpart Donald Trump ...
HSBC Slapped With $1.1 Billion Madoff Hit Just Before Earnings–Is the Worst Yet to Come?
HSBC Holdings Plc is once again back in the legal spotlight this time setting aside $1.1 billion to cover potential losses linked to inve ...
HSBC takes US$1bil hit on Madoff fraud litigation
LONDON: HSBC Holdings Plc will set aside US$1.1bil to cover litigation by investors who lost money in Bernard Madoff's fraud, joining other global banks unexpectedly hit recently with ballooning costs ...
Seres Aims for $1.7 Billion Hong Kong IPO, Fueled by Huawei and Global Ambition
Chinese electric vehicle maker Seres Group is gearing up for a blockbuster debut on the Hong Kong Stock Exchange, eyeing up to $1.7 billion ...
Hong Kong businesses lose US$11 billion to digital fraud in past year, TransUnion says
Hong Kong businesses reported HK$92 billion (US$11.84 billion) in financial losses from digital fraud over the past year, despite the city's overall digital fraud rate being lower than the global ...
Alibaba-linked Ant Group files AntCoin trademark application in Hong Kong
Ant Group’s trademark initiative is part of a series of moves by other Hong Kong-based tech firms, such as JD.com, that have been testing stablecoin pilots in the mainland. The tech company also ...
HSBC to set aside US$1.1 billion for potential payouts in Madoff fraud lawsuits
HSBC Holdings will book a US$1.1 billion provision in its third-quarter earnings as it faces uncertainty over payouts in lawsuits related to the Bernard Madoff fraud case, according to a stock ...
HSBC faces $1bn hit from Bernie Madoff Ponzi scheme tussle
HSBC is facing a $1.1bn (£826m) hit after losing a long-running legal battle with investors over Bernie Madoff’s Ponzi scheme.
HashKey’s IPO Plan Marks Next Step in Hong Kong’s Crypto Ambitions
As Hong Kong deepens its role in regulated digital finance, crypto’s presence in everyday life is expanding well beyond trading floors. Major payment apps now test blockchain settlements, retailers in ...