Most countries allow only government to mint currency, but in the land of public-private partnerships, legal tender HKD notes are issued by private banks.
Hong Kong stocks drop for third day despite China rate cut amid lacklustre economic data and fear of property contagion
Data released on Tuesday suggests an across-the-board slowdown in China's economy, with industrial output and retail sales both slowing As the property sector's distress deepened, China's central bank ...
VS Media Holdings Proposes Terms For $10 Million IPO
VS Media Holdings Limited, a network of online content creators, filed for a $10M IPO. Read more to see why I rate VSME a Sell.
A closer look at Hong Kong-listed Malaysian companies as HKEX eyes more Southeast Asian IPOs
This article first appeared in Capital, The Edge Malaysia Weekly on August 7, 2023 - August 13, 2023 BARELY a month since sounding the ceremonial gong at the Rockefeller Centre to mark the opening of ...
Why Hong Kong could be the answer to world’s urgent need for climate finance
With its deep and open capital markets, early lead in green finance and backing from China, Hong Kong is arguably the best-positioned among leading international finance centres to facilitate meeting ...
China’s yuan weakens to 6-week low as new bank loans tumble
HONG KONG: The yuan eased to a six-week low on Monday as new bank loans slumped in July, deepening investors’ concerns about China’s faltering economy, while property developers’ recent repayment ...
China and Hong Kong shares fall on weak credit data
China and Hong Kong stocks fell on Monday as investor sentiment remained subdued after disappointing credit data added to worries about China's slowing economy, compounded by property shocks.
Gift Nifty signals a tepid start: ITC, Vodafone Idea Q1 results; stocks in F&O ban; TVS Supply IPO & more
ITC Ltd, Vodafone Idea Ltd, Indiabulls Housing Finance, KNR Constructions Ltd, AstraZeneca Pharma India, Wockhardt Ltd and Saksoft Ltd are among a handful of companies that will announce their ...
US bank Citi completes sale of Taiwan consumer unit to Singapore’s DBS
U.S. bank Citigroup has completed the sale and migration of its Taiwan consumer businesses to Singapore's DBS Group, it said on Monday. The now transferred retail business includes retail banking, ...
Banking on ‘silver bonds’ is not enough
While such investments are almost risk-free and offer a relatively high rate of return, it does little to tackle the core issue of a decent retirement income for Hong Kong's rapidly ageing population ...
‘A fighting chance’: Mirxes on why it chose Hong Kong over Singapore for its IPO
IN THE days after cancer diagnostics startup Mirxes announced it applied to Hong Kong’s stock exchange for an initial public offering (IPO), executives at the company were flooded with questions about ...
Hong Kong’s corporate lawyers test boundaries as Beijing’s influence grows
The territory’s common law system, large capital markets and active financial activities offer ample opportunities for top global firms. London’s “magic circle” law firms and many of the US’s ...
Canadian insurer Sun Life eyes Hong Kong expansion after reporting strong second-quarter growth
Sun Life's new policy sales in Hong Kong rose fourfold in the second quarter, with sales to mainland Chinese visitors also increasing The insurer's profit in Asia rose 25 per cent in the second ...
Ant Group Unlikely to Reignite IPO Plan in Near Term: Report
As recent media reports suggested that Ant Group is planning to break off non-core businesses in a restructuring process to pave way for the resurrection of its Hong Kong IPO plan, China News Service ...