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Category: FINANCE

Posted on 27/07/2023

CITIC SEC Purportedly Asks Dozens of HK Bankers to Relocate to CN with Basic Pay Potentially Cut by Min. 25%

CITIC SEC (06030.HK) is planning to ask dozens of Hong Kong-based bankers to relocate from its offshore platform CLSA in Hong Kong to mainland China, so as to reduce costs and meet... CITIC SEC (06030 ...

Posted on 27/07/2023

BOCHK, BOC Co-launch e-CNY ‘Cross-Border Shopping Festival’

BOC HONG KONG (02388.HK) and Bank of China in the Mainland co-launched the e-CNY event "Cross-Border Shopping Festival". From now on, mainland customers can spend in e-CN... BOC HONG KONG (02388.HK) ...

Posted on 27/07/2023

Ant Group plans restructuring in march to Hong Kong IPO

Context: The restructuring is just one part of the process necessary for Ant Group to revive its IPO plans. Earlier this month, Ant Group was fined close to $1 billion by Chinese regulators, giving ...

Posted on 26/07/2023

Chief executive says Hong Kong diversifying to become more conducive to Islamic finance

Hong Kong and Indonesia sign 15 deals as John Lee visits Jakarta, meets President Joko Widodo - Anadolu Ajansı ...

Posted on 26/07/2023

Ant Group reportedly plans IPO, blockchain firm discloses offer price on Nasdaq, and more

A Japanese blockchain firm dealing with grid ledger systems has announced the price of its initial public offering on Nasdaq.

Posted on 26/07/2023

Singapore biotech Mirxes files for Hong Kong IPO after raising $66 million

SINGAPORE - Cancer diagnostics company Mirxes has applied to Hong Kong’s stock exchange for an initial public offering (IPO), potentially becoming the first company based outside of China and Hong Kong to list under a provision that supports biotech IPOs on the bourse.

Posted on 26/07/2023

HSBC and Keppel to explore climate solutions

Singapore’s Keppel Corporation and HSBC have agreed to explore opportunities to collaborate on decarbonization and sustainability solutions, particularly in the Greater Bay Area and across Asia.

Posted on 26/07/2023

Asian Games 2023: can Hong Kong live up to expectations? That is a HK$1 million question as city reveals cash bonus for gold medallists

Cyclist Sarah Lee and gymnast Shek Wai-hung among past champions missing from Hong Kong’s biggest ever squad – but chef de mission banks on ‘something like home ground advantage’.

Posted on 26/07/2023

HSBC’s teen-focused campaign empowers youngsters to reach financial independence

HSBC has launched a new campaign “HSBC Teens Proposition Campaign” to help teenage customers reach financial independence ...

Posted on 26/07/2023

Jack Ma-Backed Ant Plans Restructuring, Paving Way for HK IPO

Ant Group Co. is planning a restructuring that will break off some operations that aren’t core parts of its China financial-related business, according to people familiar with the matter, paving way ...

Posted on 26/07/2023

Hong Kong market’s gains cut short ahead of Federal Reserve’s interest rate decision

The Hang Seng Index fell in early trading after making handsome gains a day earlier, tracking losses in Japan and Korea, ahead of the Federal Reserve’s interest rate decision.

Posted on 26/07/2023

Hong Kong ramps up its game in bid to strengthen appeal as financial hub

It launched incentives for family offices and is aiming for more tech listings on its stock exchange Read more at straitstimes.com.

Posted on 26/07/2023

IPO Update: Healthy Green Group Readies $13 Million U.S. IPO

Healthy Green Group Holding Limited has filed proposed terms for a $13 million U.S. IPO. Click for my rating and review of the upcoming GDD IPO.

Posted on 26/07/2023

HSBC Buys Back 4.64M Shrs for About $290M Ytd

HSBC HOLDINGS (00005.HK) announced that it repurchased a total of 4.6403 million shares in the UK and Hong Kong markets yesterday (13th), involving a total of about HK$290 million.... HSBC HOLDINGS ...

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