A rank of Chinese tech companies has delisted from the U.S. or sought secondary listings in Hong Kong as they get caught in rising tensions between the two major economies. Hesai is not immune from ...
Hong Kong leader John Lee shrugs off concerns over slump in property stocks, says security clauses in land sales documents not an issue
Chief Executive John Lee says government has been selling land as usual since the clauses were put in place in November He says representatives of the property sector have indicated they support the ...
Hong Kong stocks approach 6-week low amid capital flight as traders await US inflation report
Hong Kong stocks weakened, approaching a six-week low amid concerns about capital flight from the city’s financial markets while traders await the latest US inflation report that may sway the Federal ...
Hong Kong makes first currency market intervention of 2023, sells US$538 million to support local dollar amid capital flight
HKMA buys HK$4.22 billion and sells equal amount of US dollars to bolster exchange rate, keep currency within trading band Intervention follows a 25-basis points increase in the key US rate by the ...
Hong Kong-based Prestige Wealth downsizes US IPO to $9M from $15M
Hong Kong-based wealth and asset management firm Prestige Wealth has downsized its proposed US initial public offering to $9M from $15M. Prestige Wealth said that it intends to of ...
Dekon Serves Up Hong Kong IPO Rich on Meat, But Low in Margins
Dekon Food has filed for a Hong Kong IPO, posting variable profits in recent years on wildly fluctuating hog prices Soaring feed costs and increased borrowings to fund expansion have left the company ...
Hong Kong plans first digital green bond offering, said to target US$102 million proceeds
The government has asked the Bank of China, Credit Agricole, Goldman Sachs and HSBC to hold investors calls on Monday, Bloomberg reports The tokenised notes would be a 'pilot issuance' to test ...
Hong Kong Hires Banks For Debut Digital Green Bond Sale
Hong Kong’s government has hired banks to arrange its debut sale of digital green bonds, expanding the use of a nascent technology that promises faster settlement and payment.Most Read from BloombergC ...
Hong Kong-based Global Engine Group sets terms for $16M US IPO
Hong-Kong based Global Engine Group (GLE), a provider of information communication technologies, has set terms for a proposed $16M initial public offering. Load Error Global Engine said that it was ...
Bye to the West? Hong Kong Monetary Authority eyes Middle East bonds and investment, banks on Gulf states’ need to diversify risk amid tensions
Deputy CEO of city's de facto central bank cites exchanges on recent trip to region, says there is keen interest in financial hub He touts Hong Kong's fertile, mature ground for bonds, and standing as ...
Westpac’s fraught Hong Kong exit latest drama for Aussie banks in Asia
Singapore | Tokyo | Westpac has been fined by Hong Kong’s financial regulator for breaching anti-money laundering and counterterrorism rules in the latest headache for the bank that is leading ...
Kitten ruse costs woman RM3.36mil in Hong Kong crypto scam
HONG KONG, Feb 11, 2023 (AFP): A Hong Kong woman trying to adopt ... Friday showed a sharp rise in scams in the city involving digital currencies. The Chinese finance hub has been encouraging ...
HSBC complicit in Hong Kong rights abuses, inquiry by UK politicians concludes
An inquiry by UK MPs and peers has concluded that British banking giant HSBC has been complicit in rights abuses in Hong Kong by denying Mandatory Provident Fund (MPF) pension payouts to those who ...
Hong Kong’s John Lee says he met oil giant Saudi Aramco bigwigs under ‘very positive atmosphere’ as he concludes Middle East trip, reveals Asean, Greater Bay Area as next …
Chief executive does not elaborate on details of talks to lure firm into local listing He says next work trip likely to be countries in Southeast Asia as well as to cities in the Greater Bay Area Hong ...