Category: FINANCE

By Yifan Wang Chinese electric-vehicle battery maker CALB Co. fell in its Hong Kong trading debut, becoming the latest newly listed company in the ... ( read original story ...)

Credit Suisse has become a poaching ground for rivals recently, with the bank struggling to contain the fallout of a series of scandals Read more at straitstimes.com. ( read original story ...)

The Hong Kong Monetary Authority (HKMA) has lifted its base interest rate five times this year to 3.5 per cent, a 14-year high, in lockstep with the US Federal Reserve. Commercial banks including HSBC ... ( read original story ...)

Billboards in Sydney and Melbourne have also been plastered in ads from the Hong Kong government declaring a “new era” of “stability, prosperity and opportunity” for the global financial hub. The ... ( read original story ...)

Load Error At issue: the Hong Kong Monetary Authority’s Global Financial Leaders’ Investment Summit in November, where senior executives from financial institutions including JPMorgan Chase, Citigroup ... ( read original story ...)

Drastic options are on the table, including a large-scale investment banking retreat, a sale of its securitized products business — and, of course — a lot of layoffs to cut costs. In Hong Kong, one of ... ( read original story ...)

Inequality has dramatically worsened in Hong Kong, Oxfam warned Wednesday, placing further pressure on the financial hub's leaders who have been ordered to reduce poverty by Chinese President Xi ... ( read original story ...)

China Aviation Lithium Battery (CALB), the country's third-largest EV battery maker, priced the shares at the bottom of its marketed range The Hong Kong tranche, which was undersubscribed 0.21 times, ... ( read original story ...)

Property transactions are expected to fall to historic lows this year, with the first half of the year affected by Covid-19 lockdowns and the second half hit by rising interest rates. ( read original story ...)

Stocks advance, catching up with an overnight rally in Asian markets. A weak US manufacturing report for September prompted traders to temper bets on Fed rate-hikes in 2023. ( read original story ...)

While it is a small city, Hong Kong is a force to be reckoned with in the global financial market. At present, it has already reached $4.6 trillion in assets under management (AUM) alone, Hong Kong’s ... ( read original story ...)

Financial Secretary Paul Chan also adamant high-powered banker summit will be held successfully next month But Chan remains pessimistic about the local economy, which he says is being affected by a ... ( read original story ...)

Hong Kong stocks rose more than 5% on Wednesday, tracking gains in broader Asia as hopes grew that central banks globally could slow the pace of interest rate hikes amid signs previous policy ... ( read original story ...)

By Yifan Wang Chinese battery maker CALB Co. has priced its Hong Kong initial public offering at 38 Hong Kong dollars (US$4.84) a share, aiming to raise ... ( read original story ...)