Stocks in Hong Kong struggle to break out from a four-week low as rising Covid-19 cases in Shanghai dims hopes for a quick exit from lockdown. ( read original story ...)
Coronavirus: HSBC, Standard Chartered, Citi and Hang Seng Bank to reopen all branches as Hong Kong’s vaccination rate rises, Covid-19 cases ease
said they will reopen all branches on April 19 A Hang Seng bank spokeswoman said the lender had similar arrangements to HSBC, while a spokeswoman for Citi said all branches should be open again soon ... ( read original story ...)
US sanctions are ‘stupid and crazy’, former Hong Kong finance chief says
The eminence grise of Hong Kong’s banking circles has come out swinging against the United States in an unusual webinar that set a strident tone against the economy with which the city’s currency and ... ( read original story ...)
US stocks retreat ahead of bank earnings
Wall Street stocks fell again on Tuesday as markets digested the latest report showing higher consumer prices, while bank shares retreated ahead of earnings reports. The consumer price index ... ( read original story ...)
Hong Kong’s ex-financial secretary John Tsang joins Singapore’s StashAway as adviser
Hong Kong’s former financial secretary John Tsang has become an adviser to Singapore-based robo adviser StashAway and will give away a few thousand non-fungible tokens or NFTs to new clients who ... ( read original story ...)
First Mover Asia: What’s in HSBC’s metaverse fund for Hong Kong private banking clients?; Bitcoin declines
Bitcoin and ether continue falling; other major cryptos are mixed. Insights: The holdings of HSBC's Metaverse Fund for Hong Kong and Singapore private banking clients remain unclear, underscoring a ... ( read original story ...)
Singapore-based BOC Aviation Orders 80 Airbus Planes
BOC Aviation, which is listed on the Hong Kong stock market, says it currently owns 530 planes, which it leases to 73 airlines across 36 countries and regions. Its deal with Airbus enables the latter ... ( read original story ...)
HSBC private banking enters the metaverse
The UK bank’s new fund aims to deliver metaverse-themed investment opportunities to wealthy clients in Hong Kong and Singapore. ( read original story ...)
GoTo IPO debuts in politically smart fashion
GoTo’s bosses racked up political points on its Monday debut. Top brass rode to the Jakarta ceremony on own-brand electric mopeds while the $1.1 billion deal, the first under new rules designed to ... ( read original story ...)
Tencent-backed Zhihu, a Quora-like Chinese platform, seeks Hong Kong listing in US$172 million IPO
Early investors in Tencent-backed Zhihu, such as venture funds managed by Kai-fu Lee and Qiming Ventures, are selling down their shares in the Hong Kong stock offering. ( read original story ...)
Hong Kong’s ex-finance chief John Tsang joins Singapore-based StashAway, gifts NFTs
Hong Kong's former financial secretary, John Tsang, has joined digital wealth firm StashAway as an adviser and will be giving away part of his soon-to-be issued non-fungible tokens (NFTs) to attract ... ( read original story ...)
Former Financial Secretary of Hong Kong, John Tsang, joins StashAway’s Advisory Committee
To mark the occasion, Tsang will be giving away part of his digital art collection "Choi Yeah" to new StashAway clients. John Tsang Chun-wah, Hong ... ( read original story ...)
Asian Markets Wrap: Asian equities fall on inflation worries, tighter monetary policy; Hang Seng drops 2%
Treasury yield climbed to 2.72%, around the highest since 2019. Australia’s 10-year bond yield hit 3% for the first time since 2015. ( read original story ...)
Coronavirus Hong Kong: starved of customers, restaurants close down as financial support from government ‘too little and too late’
Vegetarian dining pioneer Bobsy Gaia is just one of the business owners forced to make the hard choice of shutting their establishments. ( read original story ...)