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Category: FINANCE

Posted on 24/04/2023

HSBC faces more shareholder pressure as Pirc urges investors to vote against re-election of Noel Quinn

HSBC faces yet more trouble at its upcoming AGM as shareholder advisory firm Pirc urges shareholders to vote against the re-election of chair Noel Quinn, according to a report in the Mail on Sunday.

Posted on 23/04/2023

IPO market shows signs of life even as recession fears persist

The global market for initial public offerings is showing signs of life as a rebound in the stock market has emboldened companies to test investor appetite for new listings, particularly in Asia. But ...

Posted on 23/04/2023

HK-listed firms rush to launch yuan counter; move to cement city’s int’l financial hub status

Hong Kong stayed in the fourth place out of 120 assessed financial centers in the Global Financial Centres Index Report published on March 24, 2023, showcasing the financial competitiveness of the ...

Posted on 23/04/2023

Hong Kong Premier League: Lee Man thrash Sham Shui Po to take title race down to wire, will face Kitchee in decider

League race will go down to final game of the season on May 7, when Lee Man take on Kitchee Goals from Everton Camargo, Jose Alonso, Jonatan Acosta and Givanilton Ferreira settle matters after ...

Posted on 23/04/2023

ING Sues ICBC For Copper Deal Losses, Seeks $170m in Damages: FT

Dutch bank ING is suing China’s largest bank for losses sustained in a batch of copper deals and seeking $170 million in damages, the Financial Times reported.

Posted on 23/04/2023

The IPO market is coming back to life, 70% of action this year in Asia

The global market for initial public offerings is showing signs of life as a rebound in the stock market has emboldened companies to test investor appetite for new listings, particularly in Asia. But ...

Posted on 23/04/2023

Global IPO market shows signs of life even as recession fears persist

The global market for initial public offerings (IPOs) is showing signs of life as a rebound in the stock market has emboldened companies to test investor appetite for new listings, particularly in ...

Posted on 23/04/2023

HSBC braced for shareholder revolt against boss Noel Quinn over bank’s alleged links to Hong Kong human rights abuses

Investor adviser Pirc has taken aim at the bank - a big lender in China as well as the UK - ahead of its annual meeting on May 5.

Posted on 23/04/2023

HSBC chief faces investor revolt over Hong Kong

Investor adviser Pirc has taken aim at the bank - a big lender in China as well as the UK - ahead of its annual meeting on May 5.

Posted on 22/04/2023

HSBC World Rugby Sevens Challenger Series: bronze for Hong Kong’s men keeps core series hopes alive, as women end on high

Jevon Groves' side shake off heavy defeat at hands of Tonga in semi-final to win third-place play-off Hong Kong's women beat Mexico 15-12 to win third game in a row and claim ninth place Hong Kong's ...

Posted on 22/04/2023

Hong Kong police chief says law enforcement, banks stepping up scam prevention, as phone deception cases drop in first quarter

Police Commissioner Raymond Siu praises support from financial institutions day after high-level meeting with representatives from 28 banks City reported 597 phone scam cases in first quarter, down 48 ...

Posted on 22/04/2023

Struggling Hong Kong tourism sector asks why city slashed support by HK$576 million but helped loss-making Ocean Park

The Hong Kong government triggered queries from lawmakers after admitting that it cut subsidies for the struggling tourism industry by almost 40 per cent even as it made a large grant to the ...

Posted on 22/04/2023

Alibaba logistics arm Cainiao gears up for Hong Kong IPO

Cainiao Network Technology, the logistics arm of Alibaba Group Holding, has started preparations to become the first of the tech giant's six units to go public, Caixin learned from multiple market ...

Posted on 22/04/2023

US bank run victims were bailed out in 3 days. In China, many have been waiting a year

Wearing surgical masks to cover their faces, dozens of people demonstrated outside a branch office of China’s central bank in the landlocked province of Henan early this month to demand their savings ...

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