Hong Kong's de facto central bank stepped into the currency market ahead of an expected US interest rate rise on Thursday, as it seeks to defend the local dollar against the weakening effects of ... ( read original story ...)
Hong Kong Spends $560 Million to Defend Currency Peg
The Hong Kong dollar has been tied to its U.S. equivalent since 1983, helping underpin the city's emergence as one of the world's major financial centers. The monetary authority stands ready to sell U ... ( read original story ...)
GoGoX defies IPO drought as it pushes through downsized Hong Kong offering targeting US$85.5 million, down from US$500 million
The app-based logistics services provider hopes to sell 31.2 million shares at HK$21.50 in a retail offering that ends on Friday and will use the funds to expand, particularly in Southeast Asia. ( read original story ...)
ILS helps Hong Kong’s financial market diversify: Paul Chan
The passage of insurance-linked securities (ILS) legislation and now the successful issuance of a second catastrophe bond in the country, helps Hong Kong ... ( read original story ...)
GogoX to Hold Rare In-Person Hong Kong IPO Press Briefing
It’s been months since bankers and reporters in Hong Kong have gone to any in-person press conferences for an initial public offering. GogoX Holdings Ltd. is ending the lull.Most Read from ... ( read original story ...)
New HSBC Breakup Plan Is Still Deeply Unconvincing
An analysis tries to make the case for splitting off the bank’s Asian businesses. The results are optimistic — but still underwhelming. ( read original story ...)
US$27bil Asian spin-off for HSBC, says report
A break up of HSBC Holdings Plc’s Asian unit could unlock US$26.5bil (RM117bil), or a fifth of its current market value, according to research that could substantiate a push from its largest ... ( read original story ...)
Hong Kong fund lobby calls on city to drop Covid-19 quarantine measures
Hong Kong's lobby group for fund managers urged incoming Chief Executive John Lee to scrap quarantine rules for travellers and open up to the rest of the world as urgency is needed to restore the city ... ( read original story ...)
Hong Kong Experiences Financial Brain Drain Amid Covid Restrictions
Hong Kong experienced a higher outflow of financial professionals last year as the international financial hub imposed strict border controls amid the Covid-19 pandemic that stymied recruitment from ... ( read original story ...)
Hong Kong brokerage Zhong Yang stock jumps 20%, now trading 474% above IPO price
Shares of Hong Kong-based online brokerage Zhong Yang (TOP) shot up 20% in afternoon trading Monday despite a substantial sell-off in the broader market. ( read original story ...)
Consumption vouchers: Hong Kong scheme extended to give non-PR residents, foreign students and ‘talents’ HK$5,000 handout
Scheme expanded to include non-permanent residents eligible for permanent residency, but will not cover people planning to emigrate. ( read original story ...)
Didi’s Move From NYSE to Hong Kong — What to Know
Didi Global Inc. is preparing to delist from the New York Stock Exchange, after its initial public offering there last year drew the wrath of Beijing. The Chinese ride-hailing giant said it plans to ... ( read original story ...)
Short Interest in BOC Hong Kong (Holdings) Limited (OTCMKTS:BHKLY) Decreases By 43.6%
Limited (OTCMKTS:BHKLY – Get Rating) was the recipient of a large decrease in short interest in the month of May. As of May 31st, there was short interest totalling 4,400 shares, a decrease of 43.6% ... ( read original story ...)
HSBC could unlock $37 billion in Asia spin-off: Report
Two other scenarios that could benefit shareholders are for HSBC to spin off the Asian business or just its Hong Kong retail operations into partial IPOs. Read more at straitstimes.com. ( read original story ...)