Asian equities performed well overnight as the Hang Seng’s gained +7.04%, led by the strong performance of internet stocks following Vice Premier Liu He’s Wednesday speech release addressing multiple ... ( read original story ...)
‘Financial institutions are losing patience’ with Hong Kong, admits Lam
Hong Kong’s leader has admitted today that the city’s controversial ‘Zero-Covid’ restrictions are blocking out businesses and wearing down its residents. ( read original story ...)
Hong Kong central bank raises interest rate after Fed move
The Hong Kong Monetary Authority (HKMA) on Thursday (Mar 17) raised its base rate charged through the overnight discount window by 25 basis points to 0.75 per cent, matching the size of a r ... ( read original story ...)
Hong Kong’s financial systems remain stable amid Fed rate hike, external uncertainties: HKMA
Hong Kong's financial systems and money markets have continued to operate in an orderly and smooth manner, said Eddie Yue, chief executive of the Hong Kong Monetary Authority (HKMA), on Thursday. The ... ( read original story ...)
Shoe Retailer Belle Is Said to Plan $1 Billion Hong Kong IPO
Belle Fashion Group is targeting to raise about $1 billion in its Hong Kong initial public offering, people familiar with the matter said, five years after private equity firms took China’s biggest ... ( read original story ...)
China Swiss IPOs as predictable as a cuckoo clock
Three mainland-listed firms, including $23 billion construction equipment maker Sany Heavy Industry , said they plan to sell shares in Zurich. The move fits with Beijing’s push to encourage more ... ( read original story ...)
Hong Kong’s Hang Seng index soars 5% as Asian stocks jump, with Japan’s Nikkei up around 3%
The U.S. Federal Reserve on Wednesday approved a 0.25 percentage point rate hike, the first increase since Dec. 2018. ( read original story ...)
Eddie Yue: HK Banking System’s Liquidity Sufficient; HK Rates Likely to Lag Behind US Rates This Cycle
Responding to the U.S. Federal Reserve's decision to hike interest rates by 0.25%, Eddie Yue, Chief Executive of the Hong Kong Monetary Authority, expressed that the liquidity of the Hong Kong banking ... ( read original story ...)
Hong Kong Bourse Poised To Extend Recovery On Thursday
The Hong Kong stock market emphatically halted the brutal three-day losing streak in which it had plummeted more than 2,450 points or 12.5 percent to a six-year closing low. The Hang Seng now sits ... ( read original story ...)
Hong Kong Raises Benchmark Interest Rate After Fed Tightens
The Hong Kong Monetary Authority raised its benchmark interest rate by 25 basis points, after the U.S. Federal Reserve did the same. Most Read from Bloomberg7.4 Magnitude Quake Hits North Japan, ... ( read original story ...)
Animoca Brands welcomes banking giant HSBC into The Sandbox
The financial giant’s involvement is expected to open the door for other global institutions to continue innovating in Web3 as ... ( read original story ...)
Charts suggest the Nasdaq-100, S&P 500 and Hong Kong’s Hang Seng Index could be days away from bottoming, Jim Cramer says
The "Mad Money" host used legendary chartist Tom DeMark's 13-session countdown pattern to explain why the Nasdaq-100 and S&P 500 could be days away from finding a bottom. ( read original story ...)
EQT Continues Its Post-IPO Expansion With A $7.5 Billion Deal For An Asian Private Equity Power
EQT is already one of the biggest private equity firms in Europe. Now, it will try to conquer another continent. The Swedish investor agreed today to acquire Baring Private Equity Asia for $7.5 ... ( read original story ...)
Hong Kong Legco approves HK$270.4 billion provisional funding request, some lawmakers say amount ‘very high’
Secretary for Financial Services and the Treasury Christopher Hui Ching-yu says funding will keep government afloat in the interim. ( read original story ...)