Category: FINANCE

USD/CAD is rallying during the American session. The pair is trading at 1.2735, up some 0.72% on the day at the time of writing. The main driver of the price action is the Bank of Canada’s monetary ... ( read original story ...)

Police in Hong Kong and mainland China have arrested 22 people in a joint operation against a cross-border syndicate suspected of using 85 local bank accounts to launder HK$740 million (US$95.2 ... ( read original story ...)

Hong Kong's financial services chief has dismissed lawmakers' suggestions he did not act quickly enough against a fund set up to help anti-government protesters. Secretary for Financial Services and ... ( read original story ...)

It's the latest major blow for the beleaguered pro-democracy movement in the Chinese city which, until recently, enjoyed a large degree of autonomy from Beijing. ( read original story ...)

Hong Kong shares edged lower on Wednesday, dragged down by financials, while tech giants rose after state media said regulations related to the country's industries were to promote their development. ( read original story ...)

The removal of Cheng from Hong Kong’s legislature marks a new milestone in the undoing of the closest thing China has had to an open election system. Over the past 10 months, almost 300 elected ... ( read original story ...)

Hong Kong's markets watchdog expects to penalise more brokers for misconduct over listings in the financial hub, particularly smaller firms, its enforcement director said on Wednesday, despite some ... ( read original story ...)

Financial Secretary Paul Chan has again apologised for the bungled roll out of the consumption voucher scheme which forced elderly citizens to queue up in the heat for hours to re-submit their manual ... ( read original story ...)

Dongguan Rural Commercial Bank, Broncus Holding Corp and Novotech Health Holdings have all hit the road for their respective IPOs on the Hong Kong Stock Exchange. DRCB’s deal is led by sponsors ABC ... ( read original story ...)

Critical of the Chinese government for decades, Hong Kong-based media house Next Digital has started taking steps to shut down as Beijings crackdown had left it with no way to operate, a media report ... ( read original story ...)

Takeaway: The nattering nabobs of negativity are going to have to go back to the drawing board as today’s release beat estimates significantly. ( read original story ...)

The soon-to-be expanded Qianhai economic zone in neighbouring Shenzhen could be a potential boon for Hong Kong’s financial sector, particularly as banks, asset managers and professional services firms ... ( read original story ...)

Hong Kong will start allowing visitors from China to skip the strict quarantine process required for most arrivals, a key first step toward reopening the border with the mainland and reviving a flow ... ( read original story ...)

Lotus Tech, which develops cars for the Lotus brand, is working on preliminary plans for an initial public offering in the U.S. or Hong Kong to help fund the transition of the iconic maker of sports ... ( read original story ...)