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Category: FINANCE

Posted on 17/07/2023

June Economic Data Released As Typhoon Talim Closes Hong Kong

Asian equities were mixed overnight, with Hong Kong unexpectedly closed due to Typhoon Talim.

Posted on 17/07/2023

Typhoon Talim sweeps south of Hong Kong, prompting schools, stock market to close

Flights, schools, ferries, and even the stock market in Hong Kong were closed Monday as the city braces for a typhoon expected to make landfall in the neighboring provinces of China.

Posted on 17/07/2023

Hangzhou-based builder ZhongAn Group’s property management unit moves closer to Hong Kong listing, sets price of IPO shares

ZhongAn Intelligent Living, a unit of property developer ZhongAn Group, has finalised the price for its IPO shares, moving a step closer to completing a listing that has been in the works since 2021.

Posted on 17/07/2023

Schools and stock market closed as Hong Kong braces for Typhoon Talim

Schools and the stock market were closed in Hong Kong on Monday as Typhoon Talim swept south of the city. As the financial hub braced for rainy and windy weather, more than 100 people sought refuge at ...

Posted on 17/07/2023

Hong Kong Delays Morning Trading Because of Typhoon Talim

(Bloomberg) -- Hong Kong delayed morning trading of the city’s $5.2 trillion stock market because of typhoon Talim.

Posted on 17/07/2023

Market bounce hands US$6.6 billion to Hong Kong’s super-rich as investors bank on China ‘returning to pragmatism’

The stock market’s best week since January partly contributed to a US$6.6 billion wealth increase enjoyed by the city’s super-rich. Beijing’s return to pragmatism could spur more upside later this ...

Posted on 17/07/2023

Hong Kong Doesn’t Need to Compete With Singapore on Property

Hong Kong has been competing hard with Singapore this year to reclaim its throne as Asia’s premier financial center. It’s now offering generous tax exemptions to incentivize the ultra-rich to set up ...

Posted on 16/07/2023

Hong Kong leader labels activists ‘rats’ in tug of war over city’s priorities

“Rats” is how Hong Kong leader John Lee has taken to referring to a group of eight pro-democracy activists with a combined bounty of $1mn on their heads.

Posted on 15/07/2023

Hong Kong leader John Lee stresses need to stay ahead in talent race, reveals population to further decline for 2023 but rate is slowing

Chief executive also notes falling birth rate, pointing out that financial incentives in other jurisdictions with same woes have not brought much success.

Posted on 15/07/2023

Hong Kong stocks log best week in 6 months on Beijing’s ‘goodwill gestures’ as JD.com, NetEase, Anta jump 10 per cent

Chinese tech stocks underpin market rally, with the sector benchmark heading for its best week since early DecemberBeijing heaps praises on tech leaders soon after handing down hefty fines on Ant ...

Posted on 15/07/2023

HSBC Buys Back Almost 4.64M Shrs Ytd for Over $280M

HSBC HOLDINGS (00005.HK) announced that it repurchased a total of over 4.6371 million shares in the UK and Hong Kong markets yesterday (5th), involving a total of more than HK$280 ... HSBC HOLDINGS ...

Posted on 15/07/2023

HSBC Buys Back More than 4.68M Shrs Ytd for $286M

HSBC HOLDINGS (00005.HK) announced that it repurchased a total of over 4.6823 million shares in the UK and Hong Kong markets yesterday (6th), involving a total of more than HK$286 ... HSBC HOLDINGS ...

Posted on 15/07/2023

Hong Kong Condemns US Bill That Could Close Its Trade Offices

Hong Kong has condemned a US Senate Committee for passing a bill that could shut down the city’s three economic and trade offices in America if the financial hub isn’t deemed significantly autonomous ...

Posted on 15/07/2023

Cheers to Hong Kong H shares on their first 30 years

Tsingtao Brewery celebrated an unusual Hong Kong initial public offering and a gigantic step for the nation's capital markets with glasses of beer The day a company lists its stock is usually ...

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