The IPOs will be the first real test of SoftBank's shift in strategy in China as regulators ramp up scrutiny of the country's tech industry. ( read original story ...)
L’Officiel Sold to Hong Kong-Based AMTD International
Hong Kong-based financial services company AMTD International has acquired French magazine publisher L’Officiel from the Jalou family for an undisclosed sum. As part of the deal, Benjamin Eymère will ... ( read original story ...)
Hong Kong’s Hang Seng jumps 3% as China cuts key lending rates; property, tech stocks soar
Markets in Asia-Pacific mostly rose on Thursday as China cut its key lending rates. Meanwhile, Wall Street fell with the Nasdaq closing in correction territory and U ... ( read original story ...)
IMF Warns on Balance of Risks Facing Hong Kong’s Economy
The balance of risks facing Hong Kong’s economy are tilted to the downside, the International Monetary Fund warned in its annual assessment of the finance hub. ( read original story ...)
Hong Kong’s Hang Seng index jumps as China cuts key lending rates; property stocks soar
China on Thursday cut its one-year loan prime rate by 10 basis points, while its five-year LPR was cut by 5 basis points, according to its central bank. U.S. bond yields fell back slightly after ... ( read original story ...)
HK shares jump after China cuts key mortgage rate
Shares of Chinese property developers have jumped in Hong Kong as China's central bank cut a key mortgage rate for the first time in almost two years.The decision comes as concerns grow about a ... ( read original story ...)
Nasdaq 100 Falls on Rising Yield Concerns, Will Hang Seng Index follow?
Hong Kong stocks may lead the gains Nasdaq 100, US Earnings, Hang Seng Index, Asia-Pacific at the ... cost concerns and underpin market sentiment. Bank of America topped analysts' estimate for ... ( read original story ...)
Hong Kong Bourse May Head South Again On Thursday
The Hong Kong stock market on Wednesday wrote a finish to the three-day slide in which it had slumped more than 315 points or 1.4 percent. The Hang Seng Index now sits just above the 24,125-point ... ( read original story ...)
The turmoil in Hong Kong is an opportunity for India
Hong Kong’s future as a global financial hub is less promising after China’s authoritarian action – to control the pandemic and civil liberties – led to an exodus of expatriate finance industry ... ( read original story ...)
Hong Kong stocks close slightly higher
Shares in Hong Kong ended slightly higher on Wednesday after a volatile day, helped by hopes the Chinese central bank will unveil fresh economy-boosting measures soon, following an interest rate cut ... ( read original story ...)
Entrepreneurial State Bank Makes Hong Kong’s First SPAC Application
Aquila Acquisition has applied to become Hong Kong’s first SPAC listing, formed by a group connected to China Merchants Bank Investors must put up at least ... ( read original story ...)
Asia Picks Up the IPO Slack With Record Run of Listings and More to Come
Hello, it’s Pei Li here in Hong Kong. Today we’re looking ahead to some of Asia’s biggest upcoming IPOs, with the region enjoying a crop of listings. There’s also more to recap on the mega ... ( read original story ...)
Hong Kong Inflation to Rise as Cargo Flights Cut, Citi Warns
Hong Kong consumers will see rising prices and possibly shortages of some goods this year as airlines slash cargo flights, Citigroup Inc. warns, highlighting the costs of the city’s zero-Covid ... ( read original story ...)
Hang Seng gains as China pledges to open policy toolbox to aid growth while Alibaba tumbles on US regulatory concerns
China's central bank pledges to open its toolbox wider and stem any collapse in credit, deputy Governor says in briefing Regulatory risks surrounding Alibaba Group re-emerge as the Biden ... ( read original story ...)