Summary Despite a challenging year for the financial sector at the stock market, HSBC Holdings has seen a 29% increase in its stock value year-to-date (YTD), supported by a superior dividend ...
Hong Kong stocks jump following Chinese officials’ pledge of private-sector support ‘very soon’
JD.com climbed 1.2 per cent to HK$144.60, while HSBC Holdings strengthened 0.5 per cent to HK$64.15. Do you have questions about the biggest topics and trends from around the world? Get the answers ...
Hong Kong’s Golfers Gird up for Battle as Housing Policy Threatens Famed Course
The government is set to repossess a fifth of the 172 hectare (425 acres) Fanling golf course land in the city, which has one of the world's most unaffordable housing markets, and use 9 hectares to ...
Hong Kong’s largest online bank competes with banking giants for Web3 market
Hong Kong’s ZA Bank has 30-50 licensed crypto entities queuing up to open accounts. China SAR’s largest online bank to offer compliant entities financial services while traditional banks hit AML ...
UPDATE 1-China’s CITIC cuts around 20 bankers from Hong Kong’s CLSA – sources
The company on Tuesday and Wednesday cut about 20 staff out of around 200 employees in its investment banking division in Hong Kong, the sources said. CLSA declined to comment. CITIC did not ...
China to sell US$1.7 billion of government bonds in Hong Kong in August to promote yuan’s internationalisation, tap cheaper money
Beijing will sell 12 billion yuan of offshore bonds as it continues its efforts to promote the yuan internationally Demand for yuan-denominated financial products is rising as countries from Brazil to ...
China’s CITIC cuts around 20 bankers from Hong Kong’s CLSA – sources
China's CITIC Securities laid off around 10 per cent of the dealmakers from its offshore platform CLSA this week and offered to move bankers from Hong Kong to the mainland, according to two sources ...
HSBC Buys Back More than 4.44M Shrs for Over $270M Ytd
HSBC HOLDINGS (00005.HK) announced that it repurchased a total of over 4.4422 million shares in the UK and Hong Kong markets yesterday (11th), involving a total of more than HK$271... HSBC HOLDINGS ...
China Doubles Size of August’s Sovereign Yuan Bond Issuance in Hong Kong to USD1.7 Billion
(Yicai Global) July 20 -- China’s Ministry of Finance is doubling the size of its second bond issuance this year in the Hong Kong Special Administrative Region, which is due to be released next month, ...
Onshore Investors Bought Most Hong Kong Shares in Over Two Years
Mainland investors bought the most Hong Kong shares in almost two and a half years after the city’s key equity indexes slumped on mounting growth concerns and disappointment at Beijing’s pace of ...
Governments in China are Propping Up Hong Kong’s Ailing IPO Market
Chinese companies wanting to go public in Hong Kong have had a hard time getting international investors to buy their shares. Local governments in China are stepping up to help fill the void—and ...
Mainland Investors Buy Hong Kong Stocks In Size
Hong Kong stocks were off slightly ... while healthcare -1.26%, communication -0.78%, and financials -0.37%. The top sub-sectors were telecom, energy, and media, while semis, pharma, and healthcare ...
WuXi Biologics Hatches New Baby With ADC Drug Unit IPO
Summary The drug outsourcing services company is spinning off its WuXi XDC unit, seizing on investor enthusiasm for a new generation of highly targeted ADC drugs.WuXi XDC has filed for a Hong Kong IPO ...
Hang Seng offers e-sign for mainland firms
Hong Kong-headquartered bank Hang Seng, with the aim of assisting companies that wish to expand their business in the territory, is providing its mainland customers with a commercial banking e-sign ...