Police urge public to be vigilant as scammers impersonate feng shui masters on WhatsApp groups to lure victims.
Alibaba Beats But Cloud IPO Pulled
Hong Kong was hit with profit-taking, led lower by growth stocks/sectors as neither the Biden-Xi summit nor strong/better-than-expected results from Tencent and JD.com inspired buyers. Hong Kong’s ...
HK home prices to fall by 10 percent in 2024: UBS
Hong Kong home prices are likely to fall by another 10 percent by the end of next year as high interest rates continue to weigh on the market, according to UBS. The bank on Thursday forecast that the ...
Hong Kong stocks slip as mainland Chinese funds sell into rally amid concerns about weak Tencent and tech earnings
Hong Kong stocks slipped as mainland Chinese funds took advantage of the market rally before the nation’s biggest tech companies report their earnings with Tencent signalling a weak trend. The first ...
WuXi XDC sets its Hong Kong IPO price at high end of range
A unit of Chinese contract drugmaker Wuxi Biologics set its initial public offering price at the top end of its guided range, indicating strong demand in a choppy year for listings in Hong Kong. The ...
Hong Kong finance chief vows to seize Apec opportunity to lure more US firms, dispel ‘negative narratives’ about city
Paul Chan says he’ll encourage US firms to realise city’s development potential, especially in AI, big data analytics, biotech, fintech and advanced manufacturing.
WuXi XDC Sets IPO Price at Top of End of Range
A unit of Chinese contract drugmaker Wuxi Biologics set its initial public offering price at the top end of its guided range, indicating strong demand in a choppy year for listings in Hong Kong.
China, Hong Kong shares jump on softer US inflation, fresh stimulus
Chinese stocks rebounded on Wednesday and Hong Kong shares surged as traders cheered cooling U.S. inflation data, which is likely to bring an end to the Federal Reserve's rate hikes. Investor ...
China self driving firm iMotion aims to launch $100 mln Hong Kong IPO this month – sources
Chinese self-driving firm iMotion Automotive Technology is aiming to raise $100 million in its Hong Kong initial public offering (IPO) due to launch in the last week of November, according to two ...
Investment: Don’t write off Hong Kong just yet
Hong Kong’s latest Global Financial Leaders’ investment summit, a three-day shindig that started on November 6, was quite an affair.
Beijing’s top official in Hong Kong calls on financial hub to serve as strong catalyst for country’s development goals
City should aim to attract international capital to stop ‘some nations’ from severing the country’s supply chains, Zheng Yanxiong says.
Hong Kong stocks surge on bets Federal Reserve’s done with rate hikes, surprise China retail and industrial data
Hong Kong stocks rallied as cooling inflation in the US bolstered bets that interest rate increases may have peaked, while China’s positive retail and industrial figures helped to ease concerns about ...
Hong Kong journalist group expresses ‘deep regret’ over interview access at banking summit, urges improvements
The city’s largest journalist group has urged the Hong Kong Monetary Authority to improve media arrangements at its events, expressing “deep regret” that reporters were not allowed to interview ...
Lufax to acquire Hong Kong virtual lender Ping An OneConnect Bank for US$119.5 million
While Lufax lends to small businesses on the Chinese mainland, PAOB offers virtual banking services primarily to small and medium-sized enterprises (SMEs) in Hong Kong. An overlap in services and ...