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Category: FINANCE

Posted on 10/01/2024

Mainland ties crucial for HK as financial hub: HKU

Strengthening ties with the mainland is crucial for Hong Kong to maintain its position as an international financial centre, according to an ...

Posted on 10/01/2024

Jimmy Lai made major financial contributions to Hong Kong opposition and US political groups before national security law arrest, court hears

Prosecutors allege tycoon Jimmy Lai paid combined HK$5.7 million to ex-US official, Catholic leader Joseph Zen, opposition parties and others before arrest Ninth day of trial looks at funding ...

Posted on 10/01/2024

Hong Kong expected to return to global Top 5 in new IPOs in 2024: report

These developments will further fortify Hong Kong's position as one of the premier international financial centers in the world, the report noted.

Posted on 10/01/2024

Hong Kong seen among five busiest IPO venues in 2024 with proceeds doubling to US$12.8 billion, KPMG forecasts

Some 90 companies are expected to raise HK$100 billion (US$12.8 billion) from their first-time stock offerings this year, more than double the amount in 2023, KPMG forecasts.

Posted on 10/01/2024

Citigroup, HSBC lower Hong Kong stock targets with questions hanging over corporate earnings, China policy tonic

Liu at Citigroup unit in Hong Kong trims his midyear target to 19,000 points from 23,000, citing lower forecasts for earnings Other regional markets may have more exciting earnings outlooks, BNP ...

Posted on 10/01/2024

Mixue Brews Up Renewed IPO Bid, Tempting Investors With Overseas Expansion

Mixue has filed to list in Hong Kong, in a deal that could value it at $5 billion or more as it reportedly seeks to raise up to $1 billion An increasingly crowded China market is pushing Mixue to ...

Posted on 09/01/2024

Hong Kong’s banks urged to step up digital fraud monitoring

As cases spike, the Hong Kong Monetary Authority is stepping up efforts to tackle fraud in an evolving banking landscape such as the use of the Faster Payment System.

Posted on 09/01/2024

Hang Seng Bank warns against fake mobile investment app

Hang Seng Bank and the Bank’s subsidiaries have no association with this application,” the bank said in a statement. In a press release, the Hong Kong-based bank warned that the app may be used to ...

Posted on 09/01/2024

Spot the difference: Hong Kong champ Andrey Rublev shows off Bulgari watch during trophy ceremony

Since becoming Bulgari’s first tennis ambassador in 2021, Rublev has amassed a collection of luxury watches and helped launch the brand's tennis-inspired Aluminum Match Point Edition model last year.

Posted on 09/01/2024

Hong Kong stocks snap 5-day slump as China rate-cut hopes as Alibaba, HSBC help lift market from 13-month low

Local stocks stem five days of losses on bets China’s central bank will cut lending rates soon to spur the economy. Two market debutants in Hong Kong hand investors steep losses.

Posted on 08/01/2024

IPOs: Hong Kong’s GEM reforms likely to end second board’s 3-year drought, but will not be game-changers, analysts say

New rules effective January 1 remove a quarterly reporting requirement and streamline transfers to the bourse’s main board, but analysts say the bar is still too high for many small companies ...

Posted on 08/01/2024

HK Finance Chief Punts Target on Restoring Surplus to Decade End

Hong Kong Financial Secretary Paul Chan backpedaled on projections the city would return to a surplus in the next fiscal year, as the Asian hub grapples with a ballooning deficit during a broad ...

Posted on 07/01/2024

Report: HSBC Mulls Rollout of Int’l Payment App ‘ Zing’, Hoping to Entrench in Global Retail Payment Mkt

Bloomberg reported that HSBC HOLDINGS (00005.HK) is planning to launch "Zing", an international payment app, challenging the dominance of fintechs like Revolut and Wise P... Bloomberg reported that ...

Posted on 06/01/2024

BANK OF CHINA HONG KONG TENNIS OPEN Betting Odds and Match Previews for January 6, Men’s Singles

With two matches on tap for today’s semifinals in the BANK OF CHINA HONG KONG TENNIS OPEN, No. 5-ranked Andrey Rublev versus No. 183 Juncheng Shang stands out as one of the day’s best ...

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