UnionPay International ("UPI"), a leading global payment services provider, marked its third year of launching the Hong Kong and Macao version of UnionPay App. The 30 million UnionPay cards that have ... ( read original story ...)
India may let foreign investors buy up to 20% in LIC IPO- source
The Indian government is considering allowing foreign institutional investors to buy up to 20% of state-owned Life Insurance Corporation's initial public offering, a government source said on ... ( read original story ...)
Hong Kong, US hedge funds root for Luckin Coffee to overcome accounting scandal with debt restructuring pact
Not many would have given Luckin Coffee a chance to survive its accounting fraud. Yet, since falling into provisional liquidation in July 2020, the firm has opened more stores, is getting a capital ... ( read original story ...)
Hong Kong expats are up in arms about quarantine. Singapore stands to gain
By Michelle Toh, CNN Business It's been nearly two years since Norris Fong has seen his family back in his native Singapore. Now, he's had enough.The ... ( read original story ...)
What Could Stop The Hottest Thing In IPOs From Landing In Hong Kong.
Morrison & Foerster Partner and Global Chair of the Private Equity group, Marcia Ellis, is quoted in an article, “What could stop the hottest thing in IPOs from landing in Hong Kong,” published by ... ( read original story ...)
BlackRock and HSBC funds boosted Evergrande holdings as crisis loomed
Funds managed by BlackRock and HSBC added to their holdings of Evergrande bonds just months before a liquidity crisis at the Chinese property developer pushed it to the brink of default. BlackRock in ... ( read original story ...)
China stocks retreat as Evergrande seeks to delay debt repayment while Hong Kong market pauses for holiday
Stocks in mainland China retreat as Evergrande’s debt crisis stokes concerns about contagion in the financial sector in a slowing economy. Markets will be looking for signals on state intervention. ( read original story ...)
Bank of China dangles cash reward for going green with mortgages for sustainable housing
The local unit of China’s third-largest lender is teaming up with developers to reward homebuyers for choosing residential projects with green credentials. ( read original story ...)
Hong Kong Rebounds As Evergrande Outcome Awaits
Yesterday’s market action in Hong Kong was driven by the reality that four of the five largest Asia equity markets were closed (China, Japan, South Korea, and Taiwan)! ( read original story ...)
Midsize Package Specialist to List in Hong Kong
A Chinese courier has been given the green light for a Hong Kong IPO, which will likely make it the country’s first listed delivery company dedicated to the less-than-truckload (LTL) niche. No details ... ( read original story ...)
BlackRock, UBS and HSBC Evergrande bond holdings rise
Even as China Evergrande Group's bonds have fallen toward 25 cents on the dollar amid worries the developer will default, fund managers including BlackRock, UBS and HSBC Holdings have been increasing ... ( read original story ...)
Hong Kong loan schemes that have paid out HK$170 billion amid pandemic to be extended 6 months, Carrie Lam says
Three of Hong Kong’s government-backed borrowing schemes will be extended by six months in a bid to ease the continuing burden on individuals and companies created by the Covid-19 pandemic, the city’s ... ( read original story ...)
Hong Kong stocks slip as China Evergrande default concerns dent sentiment while tech stocks struggle
Hong Kong stocks approached a one-year low amid concerns about a wider fallout from China Evergrande Group’s debt crisis while tech stocks struggled. Local developers and Macau casino operators ... ( read original story ...)
DJ HK Bourse: Results Announcement From Suncorp Technologies
For the six months ended 30 June 2021 UNAUDITED INTERIM RESULTS The board of directors (the "Board" or "Directors") of SunCorp Technologies Limited (the "Company") presents the unaudited condensed ... ( read original story ...)