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Category: FINANCE

Posted on 12/07/2023

Alibaba, Xpeng drive best winning run in Hong Kong in a month amid stimulus bets as Beijing signals growth concerns

Local stock benchmark advances for a third day, the longest winning streak in a month as Chinese tech firms rally. Beijing calls for a wider economic reopening, signalling concerns about the nation’s ...

Posted on 12/07/2023

Wall Street rises on inflation, banking hopes

US stocks rose on Tuesday, helped by optimism ahead of key inflation reports and as JPMorgan and other financial shares gained before earnings later ...

Posted on 12/07/2023

Japanese Companies Go on Buying Spree in Europe; Top Law Firms Act On Hong Kong-based PE Fund’s Billion-dollar Acquisition in US

In this edition, Law.com International notes how U.K. and European law firms have been benefiting as Japanese companies acquire assets in Europe, and writes about how multiple U.S. law firms have ...

Posted on 11/07/2023

Family of Hong Kong pro-democracy activist Nathan Law taken in for questioning by police

Hong Kong police searched the family home of exiled pro-democracy activist Nathan Law on Tuesday morning, taking relatives away for questioning, the city’s public broadcaster RTHK reported, citing ...

Posted on 11/07/2023

Hong Kong Monetary Authority announces ‘orderly exit’ from coronavirus-era loan repayment holiday for small businesses

Six-month scheme, which was extended six times, helped thousands of companies withstand the slump brought on by the coronavirus pandemic Participation declined to 1 per cent of eligible companies, or ...

Posted on 11/07/2023

China’s biggest online fitness platform Keep to list in Hong Kong after two failed IPO attempts

SoftBank-backed Chinese fitness platform raises US$40 million from the sale of 10.84 million shares on the Hong Kong stock exchange The Beijing-based company attempted to list in February and ...

Posted on 11/07/2023

‘Unacceptable’: Hong Kong’s small auditors are cutting corners, threatening to undermine city’s finance hub status, says accounting watchdog

Their attitude in compromising audit quality either by impaired objectivity or by cutting corners is unacceptable,' says regulator's head of inspection Edmund Wong, a lawmaker for the sector, said ...

Posted on 11/07/2023

Hong Kong justice chief lodges professional misconduct complaints against two activist lawyers on police wanted list

Secretary for Justice Paul Lam reports barrister Dennis Kwok and solicitor Kevin Yam to their governing bodies over national security allegations ...

Posted on 11/07/2023

Hong Kong govt pressures banking giants to accept crypto clients: Report – Cointelegraph

Hong Kong’s central bank reportedly asked major banks — including HSBC, Standard Chartered and Bank of China — why they aren’t accepting crypto exchanges as clients. The Hong Kong Monetary Authority ...

Posted on 11/07/2023

Singapore-based medical firm Genesis MedTech weighs up to US$500 million HK IPO: sources

GENESIS MedTech Group, a medical device company, has selected advisers for a potential initial public offering (IPO) in Hong Kong, according to people familiar with the matter. Read more at The ...

Posted on 11/07/2023

Medical Firm Genesis MedTech Weighs Up to $500 Million HK IPO, Sources Say

Genesis MedTech Group, a medical device company, has selected advisers for a potential initial public offering in Hong Kong, according to people familiar with the matter.Most Read from BloombergTurkey ...

Posted on 11/07/2023

China property shares rise on financial support policy

Shares of Chinese property developers rose on Tuesday after Chinese regulators extended some policies in a rescue package introduced in November to shore up liquidity in the real estate sector. The ...

Posted on 11/07/2023

Property stocks spur Hong Kong market rebound as Beijing nudges banks to aid stressed developers while hedge funds return

Mainland developers recharge Hong Kong’s stock market rebound as Beijing takes another baby step to aid domestic home sales and delivery. Hedge funds bought back stocks last week, according to Goldman ...

Posted on 11/07/2023

Hong Kong mortgage changes attract interest, but property experts foresee limited impact on home prices, transactions

The easing of mortgage policies from Friday has attracted interest from potential borrowers, according to brokers and bankers. But experts see limited impact on home prices and transaction volume.

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