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Category: FINANCE

Posted on 27/04/2023

Chinese Spirit Maker ZJLD Slumps 17% in Hong Kong Debut

A barman stirs a cocktail based on the Chinese spirit baijiu at the Capital Spirits Baijiu Bar in Beijing, China June 22, 2017. REUTERS/Thomas Peter/File Photo Reuters (Reuters) - Chinese spirit maker ...

Posted on 27/04/2023

Ping An to tighten screws on HSBC in push for structural reform

Still, Ping An seems intent on a structural revamp as the solution. It has proposed that HSBC undertake a partial spin-off while remaining a controlling shareholder. This would see HSBC Asia listed in ...

Posted on 26/04/2023

BOC HONG KONG (02388.HK) New Cross-border Accounts Number Rises Almost 1.7x QoQ in 1Q23

The number of new accounts opened by cross-border customers in BOC HONG KONG (02388.HK) 0.000 (0.000%) Short selling $59.11M; Ratio 21.715% in first quarter of 2023 has increased ...

Posted on 26/04/2023

BYD Crushes The Bug As Hong Kong Internet Names Rebound

Hong Kong rebounded despite a steep selloff in US-listed China stocks yesterday, in what felt like the first time in two weeks. Intra-day yesterday, several US Senators asked for Chinese cloud ...

Posted on 26/04/2023

Hong Kong’s finance chief Paul Chan ‘confident’ over economic rebound this year as consumption climbs, positive investor sentiment returns

Financial Secretary Paul Chan points to flurry of business delegations from mainland China and overseas, says Greater Bay Area positioning top of mind for visiting parties Growth in local spending and ...

Posted on 26/04/2023

Hong Kong police intercepted HK$160 million stolen from overseas victims during first quarter of 2023

The force’s Anti-Deception Coordination Centre handled 113 incoming stop-payment requests from Interpol under international joint cooperation mechanism.

Posted on 26/04/2023

Hong Kong stocks hold near 4-week low as Tencent wavers while Alibaba, HSBC extend drop amid growth, policy concerns

Local stocks waver in early trading, keeping the benchmark index near the lowest level since March 28. Tencent is back in focus after major shareholder Prosus cut its stake again.

Posted on 26/04/2023

Asia markets mixed as Wall Street banking fears reignite

Asia-Pacific markets were trading mixed on Wednesday after banking fears were reignited on Wall Street. Shares of First Republic Bank tumbled more than 49% after the regional bank posted its latest ...

Posted on 25/04/2023

Chinese AI firm 4Paradigm files for Hong Kong IPO after three failed attempts, citing US sanctions risks

Beijing Fourth Paradigm Technology has filed a fourth IPO application in Hong Kong, which comes after being put on the US Entity List in March The company joins other Chinese AI firms like Megvii and ...

Posted on 25/04/2023

Hong Kong drops sharply on major losses in Chinese firms

Hong Kong was down sharply on Tuesday on the back of major losses in Chinese firms, as a lack of clear direction ahead of key announcements this week presented a challenge for global investors. - Key ...

Posted on 25/04/2023

Wanda Unit’s Hong Kong IPO Application Lapses for Third Time

Chinese conglomerate Dalian Wanda Group Co. failed to meet a deadline to list shares of its management unit in Hong Kong for a third time.

Posted on 24/04/2023

UPDATE 1-China’s Wanda chairman quoted on HK IPO challenge, bonds lose more on liquidity concerns

Chinese commercial property developer Dalian Wanda Group's dollar bonds fell further on Monday, as investors remained concerned about prospects for its unit's Hong Kong listing and its impact on the ...

Posted on 24/04/2023

China’s Wanda chairman quoted on HK IPO challenge, bonds lose more on liquidity concerns

Chinese commercial property developer Dalian Wanda Group's dollar bonds fell further on Monday, as investors remained concerned about prospects for its unit's Hong Kong listing and its impact on the ...

Posted on 24/04/2023

China Wanda’s bonds lose more on concerns about unit’s IPO, liquidity

Chinese commercial property developer Dalian Wanda Group's dollar bonds fell further on Monday, as investors remained wary about the progress of its unit's Hong Kong listing and about the impact on ...

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