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Category: FINANCE

Posted on 25/11/2022

Hongkongers believe they need HK$5.9 million to qualify as middle class, HSBC study shows

A study by HSBC shows that global market uncertainties have changed the way these individuals view their financial future. The bank has upgraded its Premier offerings to meet the financial needs of ...

Posted on 25/11/2022

HSBC recognised as ‘Market Leader’, ‘Best Service’ by Euromoney

HSBC Bangladesh has been voted yet again as ‘Market Leader’and ‘Best Service’ in the Euromoney Cash Management Survey 2022 ...

Posted on 25/11/2022

Why is Bill Ackman betting against the Hong Kong dollar, when even George Soros failed?

Billionaire investor Bill Ackman said he’s betting the Hong Kong dollar will fall and that its peg to the U.S. dollar will break as Federal Reserve rate hikes turn the blowtorch on Hong Kong’s ...

Posted on 24/11/2022

China’s Lygend Raises $470 Million in Hong Kong IPO, Sources Say

Lygend Resources & Technology Co., a Chinese nickel producer and trader, raised about HK$3.67 billion ($470 million) in its Hong Kong initial public offering, according to people familiar with the ...

Posted on 24/11/2022

Ackman’s Hong Kong short is logical, not likely

article with image 12:14 AM UTC Breakingviewscategory Nickel IPO puts Jakarta at centre of China EV boom, article with image November 23, 2022 Pershing Square boss Bill Ackman is taking another tilt ...

Posted on 24/11/2022

Hong Kong’s Swap Connect trading scheme faces delayed launch

The launch of Hong Kong’s Swap Connect programme, giving global investors easy access to China’s $5tn swap market, is facing delays, according to people familiar with the situation, with regulators in ...

Posted on 24/11/2022

Bill Ackman reveals “large” short position against Hong Kong dollar

Activist investor Bill Ackman said on Thursday that his hedge fund Pershing Square holds a large short position against the Hong Kong dollar, and that it was only a matter of time before the ...

Posted on 24/11/2022

Billionaire investor Ackman bets Hong Kong dollar peg can break

Billionaire investor Bill Ackman said he's betting the Hong Kong dollar will fall and that its peg to the U.S. dollar can break, the latest big money manager to take a public short bet as U.S. rate ...

Posted on 24/11/2022

HSBC recognised as ‘market leader’ for best service by Euromoney

The Hongkong and Shanghai Banking Corporation (HSBC) has been voted “Market Leader in Bangladesh” for the 13th time and to have provided the “Best Service in Bangladesh” for 5 years in a row at a ...

Posted on 24/11/2022

Star-Backed MedSci Healthcare Takes New Stab at IPO

MedSci Healthcare has filed a second application for a Hong Kong IPO less than a month after its original application expired Tencent invested 300 million yuan in the company last year, raising its ...

Posted on 23/11/2022

Pang Pang Xiang aims for IPO, hoping for better result than MissFresh, Dingdong

The company hopes to reverse the fortune of other China-based food-delivery companies, including Missfresh and Dingdong Maicai, which have seen their valuations plummet after going public. It remains ...

Posted on 23/11/2022

Hong Kong virtual lender ZA Bank and UK’s Wise in online money transfer tie-up

ZA Bank, which is backed by ZhongAn Online P&C Insurance and Sinolink Group, is one of eight virtual banks launched in 2020. It had 600,000 users in Hong Kong as of end June. The city's virtual ...

Posted on 23/11/2022

UPDATE 1-China markets end higher on fresh property support, HK tracks Wall St gains

China stocks traded in a tight range and ended higher on Wednesday, helped by the latest round of property financing support policies, including the central bank's 200 billion loans.

Posted on 23/11/2022

U.S. audit team’s early departure from Hong Kong is a good sign, strategist says

Andy Maynard of China Renaissance says it’s nevertheless unlikely to affect the medium-term outlook for investors.

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