Even Saudi Aramco, which holds the record for the world’s largest IPO, is being wooed for a secondary offer in Hong Kong, following a February 7 accord between HKEX and Saudi Arabia’s Tadawul exchange ...
Hong Kong stock exchange operator reports first profit slide in 6 years as IPOs dried up and trading dwindled in 2022
The bourse operator posted a 20 per cent decrease in net profit to HK$10.08 billion (US$1.28 billion) for 2022 In 2022, the average daily turnover of Hong Kong stocks shrank 25 per cent to HK$124.9 ...
Hong Kong golfer Tiffany Chan eyes greater LPGA Tour success after HSBC Women’s World Championship invite
On the back of her most successful season on the LPGA Tour, Tiffany Chan eyes greater success, starting with next week’s HSBC Women’s World Championship.
Hong Kong stocks slump as Chinese tech giants step up rivalries, HSBC in focus as market await corporate earnings boost
Stiffer competition among Chinese tech giants could put margins under pressure. Reports in the past quarter have been ‘soft’ with earnings inflection point likely only from this quarter, Goldman Sachs ...
China unveils new offshore IPO rules but big rebound unlikely, say law firms
But bankers and lawyers say any rebound in foreign share sales will be limited and likely to favour Hong Kong as tense bilateral relations between Beijing and Washington loom large for most issuers.
HKEX Seen Snapping Profit Decline Streak on Trading, IPO Rebound
After six straight quarters of sliding profits, the end of 2022 likely brought some relief to Hong Kong Exchanges & Clearing Ltd. The operator of Hong Kong’s stock exchange is estimated to report a 9% ...
Happy Hong Kong? Singapore’s Gone Laughing to the Bank
The different pace of post-pandemic recovery has created a big gulf in the economic priorities and prospects of the rival Asian financial centers.
Budget 2023-24: Hong Kong finance chief plans to issue infrastructure bonds and sell them to public to ease cash flow pressure
Bond scheme would ensure Hong Kong's debt levels remain at a very safe level,' says Financial Secretary Paul Chan City is on track for an economic rebound following return to post-pandemic normality, ...
Hong Kong to make $637 payment to citizens to stimulate economy
Hong Kong residents are to receive a $637 payment as part of efforts to boost the local economy the government said Wednesday.
Hong Kong’s Ambitious Plan To Become A Crypto Hub Has China’s Quiet Blessing
Hong Kong's Securities and Futures Commission has revealed its plan to allow retail investors to trade large-cap crypto assets on licensed crypto exchange platforms in the country.
Hong Kong’s financial secretary expects city’s economy to grow between 3.5% and 5.5%
Hong Kong's Covid-hit economy will return to growth this year and expand by between 3.5% and 5.5%, as the city opens up and China's economic outlook improves, Hong Kong's financial secretary said on ...
Hong Kong unveils budget, promising ‘abundant opportunities’ as city recovers
Hong Kong's Financial Secretary Paul Chan struck a positive tone on Wednesday as he revealed the city's budget.
Hong Kong banks hit by China’s property exposure
Banks remain uncertain whether China’s policy measures could bring a meaningful recovery in property demand. (Reuters pic) HONG KONG: Hong Kong-listed banks have reported an increase in expected ...
Hong Kong residents to receive new HKD 5,000 consumption voucher
This includes supermarkets, restaurants, beauty salons, public transport, and more. It’s also accepted in online platforms that allow payment by Alipay Hong Kong, BoC Pay, Octopus, PayMe, HSBC, Tap & ...