HONG KONG -- Chinese e-commerce group Alibaba Group Holding will reorganize into six business groups and pursue public listings for five of them, in the most significant governance overhaul since the ...
Alibaba to split into 6 groups, separate IPOs expected
Alibaba announced Tuesday that it would split into six business groups in one of the most significant overhauls of a leading Chinese tech firm to date.The Hangzhou-based firm is one of China's most ...
Easing Bank Concerns Firm Up Asian Stock Markets
reported the Bank of Japan. The Hong Kong Hang Seng Index opened evenly and rose to the close, finishing up 1.1% as tech and property sectors gained. The broad gauge Hang Seng rose 216.96 to 19,784.65 ...
Hong Kong takes a step towards crypto mainstream with historic meeting
On April 28th, a round-table discussion is set to take place at the Hong Kong Monetary Authority. The purpose of the discussion is to enable direct dialog and exchange practical experiences and ...
Hong Kong shares rise as banking contagion fears ease; China stocks fall
SHANGHAI — Hong Kong stocks rose on Tuesday, as investor fears of deeper banking stress were eased after failed Silicon Valley Bank secured a buyer. Chinese shares, however, were dragged lower by ...
Hong Kong Stocks Rally At Open
Hong Kong stocks opened higher on Tuesday as fears of a banking sector crisis eased after a regional US lender agreed to buy most of collapsed rival Silicon Valley Bank.
Domino’s Pizza Franchise Operator DPC Dash Edges Lower After Hong Kong Debut
By Bingyan Wang DPC Dash Ltd., the Domino's Pizza franchise operator in China, edged lower on its trading debut on Tuesday, bucking gains in the ...
Stocks gain, dollar slides, as banking fear eases
HONG KONG (Reuters) - Global stocks rose and the dollar softened on Tuesday, as a deal backed by the U.S. regulator for First Citizens BancShares to buy failed Silicon Valley Bank soothed wider ...
Hong Kong shares rise as banking contagion fears ease; China stocks mixed
SHANGHAI — Hong Kong stocks rose on Tuesday, as investor fears of deeper banking stress were eased after failed Silicon Valley Bank secured a buyer. Chinese shares, however, had a mixed performance.
China’s US$1.35 trillion sovereign wealth fund chooses Hong Kong for first global advisory council meeting outside mainland: sources
The council - whose 12 current members include former Governor of the People's Bank of China Zhou Xiaochuan, former Goldman Sachs chairman John Thornton, former Hong Kong secretary for financial ...
Hong Kong stocks rally as bank worries ease
Hong Kong stocks opened higher on Tuesday as fears of a banking sector crisis eased after a regional US lender agreed to buy most of collapsed rival ...
HK Regulators to Host Meeting to Help Crypto Firms With Banking
The round-table will take place on April 28 at the Hong Kong Monetary Authority “to facilitate direct dialog” and “share practical experiences and perspectives in opening and maintaining bank accounts ...
First Mover Asia: China’s State-Owned Banks Are Soliciting Hong Kong Crypto Business, but Opening an Account Is Hard
a Hong Kong-based digital assets wealth management company, said to CoinDesk. “We have yet to see major progress in the banking sector to embrace crypto. Hopefully, that will change soon.” A deal has ...
Sorry, Short Sellers, Hong Kong’s Dollar Is Stronger Than It Looks
By allowing its currency to trade in a very narrow range of 7.75 to 7.85 to the US dollar, Hong Kong’s monetary policymakers are essentially giving up their power to dictate the financial center’s ...