Fears that Evergrande’s debt woes are spreading into the wider financial industry have sparked a run on a regional bank in northern China, multiple state media outlets have reported.
J&T Global Express Plans $13 Billion IPO Amid Global Consumer Sentiment Dip
Courier startup J&T Global Express is reportedly gearing up for an initial public offering (IPO) launch in Hong Kong, aiming for a valuation of approximately $13 billion. The IPO is expected to raise ...
J&T Global Express valued at US$13bil in Hong Kong IPO – sources
Courier startup J&T Global Express, which launched in Indonesia before expanding across Southeast Asia and China, will be valued at about $13 billion in its Hong Kong initial public offering (IPO) due ...
Hong Kong’s Pro-Beijing Party Proposes Stamp Duty Reduction: A Boost for the Economy?
As economies fluctuate and cities evolve, authorities often revisit financial policies to ensure they remain relevant and effective. One such instance can be seen in Hong Kong, where the Democratic ...
Luyuan, Shiyuan Daotian Rise in Hong Kong Debut Amid Hopes for IPO Market’s Recovery
By Sherry Qin Shares of Luyuan Group Holding and Shiyue Daotian Group rose on their debut on the Hong Kong Stock Exchange amid hopes the market for ...
Hong Kong retail interest in virtual assets grows but three out of four people invest for short-term reasons, survey finds
Hong Kong retail investor interest in virtual assets has grown in recent years but three out of every four of them have been investing in the asset class based on short-term considerations, a new ...
Hong Kong’s largest pro-Beijing party suggests cutting stamp duty on purchase of second property
Hong Kong’s largest pro-Beijing party has suggested cutting the stamp duty on residents’ purchases of second properties from 15 per cent to six per cent, in an attempt to stimulate the economy.
Hong Kong stocks jump to 5-week high as China’s wealth fund buys shares in Big Four banks in replay of 2015 intervention
Hong Kong stocks rose to a five-week high as China’s sovereign wealth fund increased its stakes in the nation’s four biggest banks for the first time since 2015, suggesting Beijing is seeking to ...
HK and mainland shares rally on bank stakes
Hong Kong and Shanghai stocks surged at the opening of trading on Thursday on hopes for broad state support for mainland markets after the China's ...
Hong Kong stocks rise to 5-week high after China’s sovereign fund buys shares in Big Four banks
Hong Kong stocks rose to a five-week high as Central Huijin Investment increased its stakes in the nation’s Big Four state-owned banks for the first time since 2015.
Hong Kong’s affluent become millionaires at 33 on average
According to the survey, 61% of respondents bank on savings from their salary to reach their first HK$1mil, rather than on income from other sources, such as investment profits. But, when it comes to ...
Singapore is winning out over Hong Kong, ANZ bank CEO says
ANZ Group Holdings chief executive officer Shayne Elliott said his customers moved more of their business to Singapore from Hong Kong in the past few years as the smaller Asia-Pacific trading hub ...
Decline of Millionaires in Hong Kong: A Shift in Wealth and Investment Strategies
The veil of wealth in Hong Kong is shifting, with the city witnessing a three-year consecutive decline in its millionaire population, according to Citibank’s ‘Hong Kong Millionaire Survey Report ...
Indonesia’s J&T Global Express aims to launch $500m Hong Kong IPO on Monday – sources
Indonesian courier services startup J&T Global Express is aiming to launch its Hong Kong initial public offering (IPO) on Monday to raise $500 million, two sources with direct knowledge of the matter ...