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Category: FINANCE

Posted on 07/07/2023

Adicon nets $52M in Hong Kong IPO, shares jump 12% on debut

Adicon Holdings Ltd. raised HK$409 million (US$52 million) in an initial public offering on the Hong Kong stock market. Its shares opened at HK$12.32, jumped 12% and closed at HK$13.8 on the first ...

Posted on 07/07/2023

Financial Executive At Hong Kong Billionaire’s Flagship Business Released On Bail Amid Corruption Probe

The deputy chief financial officer of the tobacco flavorings flagship business of Hong Kong Billionaire Chu Lam Yiu was released on bail on Thursday without charges a day after her arrest in a ...

Posted on 07/07/2023

The Guardian view on Hong Kong’s pursuit of exiles: these bounties should backfire

Hong Kong’s exiles are conscious of this problem ... which Mr Law co-founded, for providing financial support to people who had fled overseas and for “seditious” social media posts. Most experts think ...

Posted on 06/07/2023

US Urges Hong Kong Banks to Curb Exports to Russia, Nikkei Says

US Treasury officials visited Hong Kong in June to urge the city’s central bank, financial institutions and other groups to curb the flow of advanced American-made technology into Russia, the Nikkei ...

Posted on 06/07/2023

US Urges Hong Kong Banks to Curb Russia Exports, Nikkei Says

US Treasury officials visited Hong Kong in June to urge the city’s central bank, financial institutions and other groups to curb the flow of advanced American-made technology into Russia, the Nikkei ...

Posted on 06/07/2023

Fourth Paradigm Receives Hong Kong IPO Green Light from Chinese Regulator after Fourth Attempt at Public Listing

Following acceptance by the CSRC, Fourth Paradigm should proceed with launching its IPO in the Hong Kong market.

Posted on 06/07/2023

Hong Kong stocks slump on worries about Chinese banks, US interest rates

The Hang Seng Mainland Banks Index, which tracks mainland Chinese banks listed in Hong Kong, plummeted 6.5%. It was the worst daily decline since February 2018. In a lengthy report on China’s banking ...

Posted on 05/07/2023

Hong Kong cannot just be ‘China’s financial centre’, it must be counted among top global hubs, HKMA’s Eddie Yue says

Hong Kong will continue to develop as a global finance hub and will not just be viewed as China’s offshore financial centre, HKMA CEO Eddie Yue tells Official Monetary and Financial Institutions Forum ...

Posted on 05/07/2023

Chinese AI Startup Fourth Paradigm Receives China’s Nod for Hong Kong IPO

HONG KONG (Reuters) - Beijing Fourth Paradigm Technology, an AI startup, has completed procedural work for a Hong Kong initial public offering, becoming only one of a handful of companies to get the ...

Posted on 05/07/2023

China bank shares slump in Hong Kong after Goldman downgrades

SHANGHAI (Reuters) -Chinese banking shares listed in Hong Kong tumbled on Wednesday after Goldman Sachs downgraded top lenders including Agricultural Bank of China (AgBank) in a report that raised ...

Posted on 05/07/2023

Black Sesame plans IPO

China-based autonomous driving chipmaker Black Sesame Technologies has applied for an IPO in Hong Kong.

Posted on 05/07/2023

Hong Kong stocks slide amid US-China tech war while ICBC, Chinese banks slump on Goldman downgrades

China, US and Europe are erecting more barriers to curb access to semiconductor materials and chips, with the latest spat spilling into cloud services Goldman Sachs cut ICBC, Agricultural Bank of ...

Posted on 05/07/2023

Hong Kong’s most wanted: a look at police bounties offered for some of the city’s notorious crimes

From the 'king of thieves' to a 'devil cop', high-profile cases over the decades have sparked rewards of up to HK$2 million from the force for the capture of suspects In the wake of the latest HK$1 ...

Posted on 04/07/2023

HSBC ‘open’ to stake boost in joint venture after China partner auctions stake

HSBC's is "open to opportunities to expand its businesses" in China after its local partner put a 31 per cent stake in a joint venture on the block, the bank said on Tuesday.The auction of a stake in ...

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