South Korea’s FSS said they made short-selling deals worth KRW40b and KRW16b, respectively. Two Hong Kong-based investment banks are being fined by South Korea’s Financial Supervisory Service for ...
After 40 years of stability, Hong Kong’s US dollar peg is here to stay
It is fair to say I have established a long-lasting and strong relationship with this important part of Hong Kong’s financial regime. The linked exchange rate system is a good one. It is the ...
Tencent-Backed Logistics Company Seeks To Bag $500M With Hong Kong IPO
J&T Global Express, a logistics firm backed by Tencent, is planning a share offering worth 3.92 billion Hong Kong dollars ($500.80 million) in Hong Kong. As The Wall Street Journal reported, the ...
Hong Kong’s Fight Against Online Banking Fraud: A Multifaceted Approach
In the bustling metropolis of Hong Kong, a silent and insidious crime wave is threatening the security of its digital banking sector. The Hong Kong Monetary Authority (HKMA), the city’s main financial ...
Small investors demand tougher action against BNP Paribas, HSBC for illegal short selling
Small individual investors, angered by the recent illegal short selling practices of BNP Paribas and HSBC, have called for more stringent measures to prevent a recurrence, even in the face of ...
As Hong Kong’s currency peg marks 40th birthday with little fuss, some traders dither over its future
Hong Kong’s currency is marking the anniversary of its peg to the US dollar this week with little fuss. Swinging between a loss of 0.01 per cent and a gain of 0.05 per cent on its 40th birthday, the ...
Indonesian courier J&T Global aims to raise US$500 million via Hong Kong’s second biggest IPO of the year
Jakarta-based J&T will sell some 300 million shares at HK$12 per share, according to a filing on the Hong Kong Exchanges and Clearing Based on that valuation, J&T will have a post-issue market ...
Hong Kong’s Property Market Crisis: A Symptom of a Greater Chinese Real Estate Woe
The bustling city of Hong Kong, a bastion of free-market capitalism, is now facing an unexpected adversary: a significant downturn in the property market. In October, 60% of recorded cases have shown ...
Hong Kong stocks slip as market braces for new US tech curbs on China while worsening Israel-Hamas war saps risk appetite
Stocks retreat further from a five-week high as investors brace for new US curbs on technology exports to China. China’s economy slowed last quarter, according to forecasts before a government report ...
Citi, HSBC Become 1st Banks to Use HKEX Synapse Platform
Citigroup and HSBC became the first banks to use HKEX Synapse platform, a new integrated settlement acceleration platform for Shanghai- and Shenzhen-Hong Kong Stock Connects. Citigroup securities ...
Tencent-Backed Logistics Firm Plans to Raise Over $500M in Hong Kong IPO
By P.R. Venkat Tencent-backed J&T Global Express is the latest logistics-related company seeking to tap investors' appetite in Hong Kong with a 3.92 ...
UPDATE 1-Courier services startup J&T Express to raise $500 million in Hong Kong IPO
Indonesian courier services startup J&T Global Express said on Monday it planned to raise up to HK$3.92 billion ($500.97 million) in Hong Kong's second-largest initial public offering (IPO) in 2023.
KPMG Expects HK IPO Mkt to Remain Challenging in Short Term, HK to Return to Top 5 Global IPO Mkts by End-yr
Hong Kong is expected to return to the top 5 global IPO markets by the end of 2023, supported by around 110 listing applications so far, according to KPMG's Chinese Mainland an... Hong Kong is ...
Why are Hong Kong emigrants worried about latest arrests over early MPF withdrawals?
ICAC last week announced 20 people had been arrested on suspicion of forging documents to make early withdrawals of pension funds The Post unpacks how residents can gain early access to funds, what ...