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Category: FINANCE

Posted on 06/09/2023

Hong Kong stocks lose ground for second day after tepid corporate earnings as Nomura pares forecast for Chinese equities

Hong Kong stocks dropped for a second day as traders dialled back bets after a disappointing corporate earnings season. Nomura turned less bullish on the outlook for Chinese equities. The Hang Seng ...

Posted on 06/09/2023

Hong Kong’s financial task force to meet today to find ways to boost stock market turnover and fundraising activities, sources say

The task force, set up by Financial Secretary Paul Chan Mo-po, would recommend a set of policy options to Chief Executive John Lee Ka-chiu before Hong Kong's top official delivers his second policy ...

Posted on 06/09/2023

Hong Kong’s old buildings are crumbling, but flat owners balk at repair fees, prompting calls for government action on ‘ticking time bombs’

Experts call for better enforcement as 2,700 buildings fail to do mandatory inspections by deadline, with one issued order almost a decade ago.

Posted on 06/09/2023

Green Finance: 2 newly launched Hong Kong-based registries to boost carbon credits trade in Asia, founders say

Two Hong Kong-based and Asia-focused carbon registries launched recently will help to lower barriers for the trading of credits claimed by greenhouse gas emissions reduction projects in the region, ...

Posted on 06/09/2023

Green Finance: two newly launched Hong Kong-based registries to boost carbon credits trade in Asia, founders say

Two Hong Kong-based and Asia-focused carbon registries launched recently will help to lower barriers for the trading of credits claimed by greenhouse gas emissions reduction projects in the region, ...

Posted on 06/09/2023

Garden Stage Cuts Size, Price of IPO

By Sabela Ojea Garden Stage said it is has reduced the size of its initial public offering by 250,000 shares, according to a Securities and ...

Posted on 06/09/2023

Hong Kong Jockey Club declares record turnover of HK$304.8 billion, as it looks ahead to ‘challenging’ post-Covid period

City's sole authorised gambling operator also announces record HK$35.9 billion has gone back into community during over past financial year 'There is no question the post-pandemic environment is ...

Posted on 05/09/2023

Hong Kong Top Court Says Same Sex-Couples Need Legal Recognition

Hong Kong’s top court ruled that same-sex couples in the city need some legal recognition, handing a small victory to LGBTQ rights in the financial hub.

Posted on 05/09/2023

Hong Kong to issue second batch of retail green bonds valued at US$1.91 billion, available to residents on September 18

Hong Kong identity card holders will be able to subscribe in HK$10,000 increments to bonds that support public-works projects The size of the tranche may increase to a maximum of HK$20 billion, ...

Posted on 05/09/2023

Chinese residents are revenge-shopping for insurance policies in Hong Kong

Long lines formed outside Hong Kong bank branches this week—although luckily for the world economy, they weren’t a sign of bank runs.Instead, the queues were made up of visitors from mainland China ...

Posted on 05/09/2023

Hong Kong Financial Secretary Warns Lowering Tax May Not Revive City’s Stock Market

Hong Kong Financial Secretary Paul Chan Mo-po cautioned that merely lowering the tax on securities trading would not necessarily revive the stock market ...

Posted on 04/09/2023

China EV maker Hozon Auto appoints banks for $1 billion Hong Kong IPO, sources say

Chinese electric vehicle (EV) maker Hozon Auto has appointed China International Capital Corporation (CICC) and Morgan Stanley to work on a Hong Kong initial public offering (IPO) that could ...

Posted on 04/09/2023

Chinese EV maker Hozon appoints CICC and Morgan Stanley for $1 billion Hong Kong IPO

Hozon, a Chinese electric vehicle manufacturer, has engaged China International Capital Corporation (CICC) and Morgan Stanley to assist with its IPO in Hong Kong, according to a September 1 report by ...

Posted on 04/09/2023

HSBC insurance brokerage unit secures fund sales licence in China

HSBC Holdings said on Monday its insurance brokerage unit in China had secured a license to sell a range of investment fund products in the country, helping towards its long-term drive to expand there ...

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