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Category: FINANCE

Posted on 17/06/2023

Indonesian courier company J&T Express applies for Hong Kong IPO amid sluggish recovery of fundraising in the city

Jakarta-based J&T Express is said to be considering a share sale from US$500 million to US$1 billion as soon as this year, according to a Bloomberg report The courier company's proposed Hong Kong ...

Posted on 17/06/2023

Hong Kong No 2 official Eric Chan predicts more than 100,000 talented individuals to be secured under admission schemes this year

Chief Secretary Eric Chan says applications for various talent admission schemes have already exceeded 80,000 in first five months New Top Talent Pass scheme, launched in December, accounts for about ...

Posted on 17/06/2023

Hong Kong No 2 official Eric Chan predicts more than 100,000 people to be brought in under talent admission schemes this year

Hong Kong’s No 2 official on Saturday predicted the city would ... 19 travel restrictions and the imposition of the national security law in 2020. Deputy Financial Secretary Michael Wong Wai-lun on ...

Posted on 16/06/2023

China condemns EU Parliament’s resolution on Hong Kong’s shrinking freedoms

China’s Foreign Ministry has condemned a resolution passed by the European Parliament concerning Hong Kong's shrinking rights to free speech ...

Posted on 16/06/2023

J&T Express Is Said to Plan Up to $1 Billion HK IPO Filing Soon

Courier company J&T Express is planning to file for its Hong Kong initial public offering as soon as in the coming days, according to people familiar with the matter.

Posted on 16/06/2023

No changes to Hang Seng Bank’s HKD dollar prime, savings deposit rates

Savings accounts with a total relationship balance of HK$1m or above will enjoy a bonus interest of 0.001% per annum. Hang Seng Bank announced that its Hong Kong Dollar (HKD) prime lending rate remain ...

Posted on 16/06/2023

Bank of China HK’s HKD prime rate, savings deposit rate unchanged

Savings accounts with HK$1m will enjoy a bonus rate of 0.001% per annum. Bank of China (Hong Kong) said that its Hong Kong Dollar prime rate remains unchanged at 5.75% per annum. Its HKD savings ...

Posted on 16/06/2023

Hong Kong national security law: Beijing, city authorities warn EU politicians to cease ‘publicity stunts clamouring for sanctions’ against John Lee

China’s foreign affairs office in Hong Kong has warned Western politicians to cease using the financial hub for “publicity stunts” in the name of human rights to “clamour” for sanctions against the ...

Posted on 16/06/2023

Korean crypto contagion, Bank of China on Ethereum, HK’s exchange red carpet: Asia Express

Hong Kong lays out welcome mat for exchanges, Korean crypto lender contagion, Do Kwon banged up abroad, Bank of China's Ethereum debt note.

Posted on 16/06/2023

Huawei’s Chief Financial Officer Makes $1.4 Million Profit Selling Hong Kong Penthouse

Huawei Technologies Co.’s Chief Financial Officer Meng Wanzhou made a profit of more than HK$11 million ($1.4 million) by selling a duplex penthouse in Hong Kong she bought a decade ago.

Posted on 16/06/2023

Banks in Hong Kong Asked to Onboard Crypto Clients: Report

The Hong Kong Monetary Authority (HKMA), the city’s financial regulator, is reportedly urging major banks such as HSBC and Standard Chartered to start taking crypto exchanges as clients, despite the ...

Posted on 16/06/2023

Stock Market News: Cava IPO, GameStop meeting, retail sales, SCOTUS on student loans

Investors continue to debate the impact of the Federal Reserve’s rate pause, retail sales rose in May even with inflation, GameStop’s annual meeting may shed more light on CEO firing and the Supreme ...

Posted on 16/06/2023

Hong Kong calls a recess on rate hiking spree in lockstep with US Fed, but tamps down on euphoria with a warning of remaining ‘risks’

The city's base rate remains at 5.5 per cent, said the Hong Kong Monetary Authority (HKMA), in lockstep with a similar pause by the US Federal Reserve HSBC, Bank of China (Hong Kong), Hang Seng Bank, ...

Posted on 16/06/2023

Wall Street Banks Are Reportedly Retreating from HK IPO Works of Several CN Firms

Wall Street Journal reported that overseas investors have lost confidence in China IPO deals, citing documents submitted to the HKEX (00388.HK). The documents revealed that Goldman Sachs (GS.US) has ...

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