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Category: FINANCE

Posted on 30/11/2022

Sunshine Insurance Sets Terms for $948 Million IPO

Chinese insurer Sunshine Insurance Group Co. is seeking to raise as much as HK$7.4 billion ($950 million) in its Hong Kong initial public offering.Most Read from BloombergScientists Revive 48,500-Year ...

Posted on 30/11/2022

Profit Taking May Dent Hang Seng Shares On Wednesday

The Hong Kong stock market on Tuesday halted the two-day losing streak in which it had slumped more than 360 points or 2.1 percent.

Posted on 30/11/2022

HSBC is Bidding Farewell to its Canadian Customers

British bank HSBC used to bill itself as "the world's local bank," but the emphasis is increasingly on local and less on the world part ...

Posted on 30/11/2022

HK stocks dip at open ahead of Fed comments

Hong Kong shares opened slightly lower on Wednesday following the previous day's massive jump, with traders awaiting a key speech by Federal Reserve ...

Posted on 30/11/2022

RBC Bets on Immigration in $10.1 Billion HSBC Canada Deal

Royal Bank of Canada seeks to shore up its domestic competition and tap into affluent international clientele with financial ties to the country.

Posted on 29/11/2022

Shareholders set to benefit as HSBC sells Canada unit

HSBC has agreed to sell its business in Canada to Royal Bank of Canada for $13.5 billion Canadian dollars (US$10.04 billion) in cash, paving the way ...

Posted on 29/11/2022

Hong Kong crypto exchange falls silent, fuelling shutdown fears

Atom Asset Exchange (AAX) prevented customer withdrawals on November 15, saying its capital position was under "acute pressure" after some investors asked for their money back ...

Posted on 29/11/2022

3D Medicines brings out cornerstone-heavy IPO

At the top of the price band, 3D Medicines will raise HK$429m, if the greenshoe option is not exercised. Given turbulent market conditions globally, 3D Medicines has turned to cornerstones to support ...

Posted on 29/11/2022

Chinese Woman Cofounder Of Skincare Firm Giant Biogene Becomes New Billionaire After Its IPO

Giant Biogene Holding, a China skincare products supplier that listed at the Hong Kong Stock Exchange on Nov. 4, has raised the equivalent of $10 million through the sale of 3.39 million ...

Posted on 29/11/2022

Hong Kong stocks extend rally past 5% after China holds Covid briefing

Stocks in Hong Kong led gains alongside Chinese indexes after Chinese health authorities held a press briefing on its Covid policies, encouraging elderly to get vaccinated.

Posted on 29/11/2022

China, Hong Kong stocks jump as policy relief fires up property, banking shares

Stocks in China and Hong Kong bounced sharply on Tuesday, as investors snapped up property and bank shares after regulators broadened equity financing channels for developers, easing fears of a debt ...

Posted on 29/11/2022

70% of Hong Kong banking customers want a better online experience – Capco Bank of the Future survey

Hong Kong consumer confidence in digital banking is rising but trust is no longer a bank monopoly, according to a new Asia-Pacific focused Bank of the Future survey from Capco, the global technology ...

Posted on 29/11/2022

Hong Kong stocks rise 3% in Asia session; China’s Covid situation remains in focus

Shares in the Asia-Pacific were mixed on Tuesday after a negative start to the week with investors watching developments in China's Covid situation.

Posted on 29/11/2022

Hong Kong stocks lead losses in Asia on China unrest, oil at lowest in 2022

Asia-Pacific markets traded lower on Monday amid unrest in China over its continued zero-Covid policy and a growing number of cases reported in the nation.

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