Jack Ma’s voting rights in financial technology giant Ant Group were lowered to 6.2% from 53.4%, though he still has a significant economic interest in the company.
Unimpressive Hong Kong Keeps No. 3 Spot In Global IPO Race
Hong Kong IPOs fell sharply last year, but the fundraising is expected to rebound this year as global inflation moderates and China reopens The fading threat of forced de-listings for Chinese companie ...
China Citic Bank Offers Covid Shots in HK to Woo Mainland Cash
A Hong Kong unit of state-backed China Citic Bank Corp. is offering free Covid-19 mRNA vaccinations to sign up wealthy new customers as the border between the financial hub and mainland China reopened ...
Alibaba stock rises 8% in Hong Kong as Jack Ma gives up control of sister firm Ant Group
Alibaba (NYSE:BABA) rose more than 8% Monday in Hong Kong after founder Jack Ma ceded control of sister company Ant Group, whose planned 2020 IPO fell apart when Ma’s criticism of Chinese regulators ...
HSBC transforms Hong Kong billboard into an immersive art exhibition
HSBC plans to transform Hong Kong from a bustling financial centre into an open canvas through immersive art experiences and a metaverse gallery. HSBC wants to make art more accessible to people and ...
HSBC turns Hong Kong into an open canvas with its year-long ‘Open to Art’ initiative via MSL
HSBC’s ‘Open to Art’ initiative aims to transform and modernise people’s access to art and the way people experience different forms of art and culture in Hong Kong, which is one of the world’s ...
Jack Ma Is Giving Up Control of Ant. What Does That Mean for Ant’s IPO Reboot?
Chinese regulators torpedoed Ant Group Co.’s would-be record initial public offering, sending shock waves across global capital markets. New rules have been slapped on the fintech giant, which has ...
No plans for IPO, Ant Group tells Reuters
The wait is two years on Shanghai's Nasdaq-style STAR market, and one year in Hong Kong. Ant's US$37 billion IPO in Hong Kong and Shanghai, which would have been the world's largest, was cancelled at ...
Year of the bond starts with a $150 billion spree
After optimism swelled for weeks that 2023 would finally bring relief for the world’s battered bond buyers, borrowers took advantage by issuing more than $150 billion (R2.56 trillion) of new debt in ...
Ant Group says no plan for IPO, focusing on business optimisation
"Ant Group has been focusing on its business rectification and optimisation, and does not have a plan for an IPO," the company spokesperson said. Ant Group said on Saturday that its founder Jack Ma no ...
Henderson Land gets ‘good’ start in Hong Kong’s first weekend property sales as border reopening fuels optimism
Almost 40 per cent of 108 units in One Innovale were snapped up by buyers as of 5pm local time on Sunday, coinciding with Hong Kong-mainland border reopening Henderson has generated more than HK$5.26 ...
Thousands denounce HSBC board member’s likening of Hong Kong people to freed slaves
Financial Secretary John Tsang is due to visit Beijing on Monday to discuss issues of mutual concern, the Hong Kong government said late on Friday. Slaves in the United States were freed under the ...
{Block Trade}CM BANK (03968): 950k shares, or HK$43.34m
Block Trade}CM BANK (03968): 950k shares, or HK$43.34m [ET Net News Agency, 5 January 2023] A direct manual trade of 950,000 shares of CM BANK (03968) was registered at 1:05p.m. The deal amounted to ...
Hang Seng 2023 outlook: the year of recovery?
Hang Seng Index defined the year of 2022 as the third consecutive year of decline with a 15.5% loss compared to 14% in 2021. Will 2023 be the year of recovery?