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Category: FINANCE

Posted on 15/04/2024

China IPOs slow as strict ‘broker butcher’ rules kick in

HONG KONG -- A slowdown in China's initial public offering market is expected to persist through the year, forecasts show, as tighter regulations kick in. Total fundraising from Chinese IPOs had ...

Posted on 15/04/2024

Hong Kong stocks slump to three week lows on Middle East tensions, mood cautious ahead of China data dump

Hong Kong stocks declined to three week-lows as rising geopolitical tensions dealt a further setback to investor sentiment, already jittery ahead of a batch of economic data due to be released during ...

Posted on 15/04/2024

HSBC CEO Quinn says future tokenised products, like gold offering, will be ‘backed by something real’

Tokenisation has proved to be cheaper, more efficient and better than ‘the old-fashioned way of trading’, Noel Quinn says, but HSBC will stay ‘away from crypto’.

Posted on 15/04/2024

Hong Kong gearing up to become a hub for ILS such as catastrophe bonds, Insurance Authority says

Hong Kong is building an arsenal to assist the world with raising funds for managing losses from natural disasters, the Insurance Authority said. It is discovering more issuers, investors and data, as ...

Posted on 14/04/2024

Hong Kong finance chief Paul Chan vows to help 1.8 million firms make payments, use services on enterprise version of iAM Smart

Financial Secretary Paul Chan says HK$300 million measure to create enterprise version of existing iAM Smart platform will help companies streamline processes Firms will be able to sign documents ...

Posted on 13/04/2024

Hong Kong media mogul Jimmy Lai provided HK$1.5 million loan to activists during 2019 demos, court hears

Hong Kong media mogul Jimmy Lai was willing to provide “all kinds of help,” including a HK$1.5 million loan, to activists launching a global advertising campaign in June 2019, the mogul’s national ...

Posted on 13/04/2024

Resilience and reform: Hong Kong adapts to change

2023 was undoubtedly a challenging year for Hong Kong IPO activity. IPO proceeds declined for the third year in a row, falling 33 percent from US$8.5 billion in 2022 to US$5.7 billion in 2023. Hong ...

Posted on 12/04/2024

Hong Kong-Listed Bitcoin ETFs Could Unlock Upto $25B in Demand, Crypto Firm Says

Singapore-based Matrixport expects mainland Chinese investors to move billions into potential Hong Kong-listed spot BTC ETFs through the Stock Connect program.

Posted on 12/04/2024

Global data trading has ‘clear potential’ to become thriving industry in Hong Kong: Paul Chan

Financial Secretary Paul Chan touts importance of supporting data flows during two-day summit bringing together business leaders to discuss digital economy 'From digital payments to generative AI, ...

Posted on 12/04/2024

Hong Kong-Listed Bitcoin ETFs Could Unlock Up to $25B in Demand, Crypto Firm Says

Mainland Chinese investors could pour $25 billion in potential Hong Kong-listed spot bitcoin exchange-traded funds (ETFs) through the Southbound ...

Posted on 12/04/2024

Buy Rating for BOC Hong Kong (Holdings) Backed by Regional Growth and Financial Prudence

Analyst Sam Wong from Jefferies maintained a Buy rating on BOC Hong Kong (Holdings) (BNKHF – Research Report) and increased the price ...

Posted on 12/04/2024

Hang Seng Bank: Hold Rating Maintained Amid Shareholder Returns and Quest for Sustainable ROE Growth

Hang Seng Bank (HSNGF – Research Report), the Financial sector company, was revisited by a Wall Street analyst yesterday. Analyst Sam ...

Posted on 12/04/2024

Hong Kong’s ZA Bank kicks off dedicated banking services for stablecoin issuers

With our new dedicated client accounts, we are tackling the unique challenges of stablecoin issuers head-on, promoting the growth and stability of the Web3 economy,” said Devon Sin, ZA Bank ...

Posted on 11/04/2024

Chinese Financial Institutions Turn to Hong Kong’s New Bitcoin ETF

With Hong Kong asset managers somewhat reluctant to submit applications for the new ETF, a series of multibillion-dollar firms from Mainland China have entered the market.

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