Hong Kong shares opened in the green on Wednesday, with the benchmark Hang Seng trading 0.3% higher. The city’s Chief Executive John Lee is set to travel to Beijing from Dec.
Analysis-Nature deal gets finance, business thumbs up, yet hurdles remain
A recently hatched American Coot chick sits in a nest in the Willard Spur Waterfowl Management Area near Willard, in Utah, U.S., June 29, 2022. REUTERS/Nathan Frandino ...
PBOC issues 5 bln yuan of bills in Hong Kong
China’s central bank issued 5 billion yuan (about 715.7 million U.S. dollars) worth of central bank bills in the Hong Kong Special Administrative Region on Tuesday. The bills will mature in six months ...
Hong Kong Stocks Close Well Down
Hong Kong stocks closed with big losses Tuesday, in line with a sell-off across Asia, after the bank of Japan surprised markets with a shift away from its long-standing ultra-loose monetary policy.
Hong Kong financial sector ‘urgently’ needs help with measurement of climate risks, HKMA report says
A large majority of banks, insurers and asset managers in a survey say a dearth of both climate data and standard methodologies hinders their efforts Improvement is urgently needed to strengthen Hong ...
Why the Fed Needs to Take the Digital Yuan Seriously
The e-CNY will be more than just a paperless version of cash for China’s local economy. Its use in trade settlement poses a challenge to the dollar.
Hedge Fund Bets Against Hong Kong’s Dollar Peg Have a Long History—and Little Success
Bill Ackman recently joined a long line of speculators who have bet the Hong Kong dollar’s peg to the greenback would break. Nobody has hit the jackpot.
Hong Kong may get a leg up in hosting IPOs in 2023, as China’s post-Covid reopening boosts sentiment for companies raising funds
Hong Kong’s IPOs, which shrank this year, may come back in the first quarter amid rising optimism over the Chinese economy, analysts said.
SenseTime Partners with Bank of Ningbo to Unveil AI-Generated Content Live Show with Digital Human
SenseTime, a leading global artificial intelligence (AI) software company, partnered with Bank of Ningbo (Shanghai Branch) to develop a digital human named Xiaoning. Leveraging SenseTime's original ...
Quietly does it as Sumitomo Mitsui Banking Corporation celebrates 60 years of service in Hong Kong
Sumitomo Mitsui Banking Corporation (SMBC) is one of the world’s oldest corporations with more than 145 years of operating existence as Mitsui Bank commenced its business in 1876, Sumitomo Bank was ...
Pressing need to inject more resources to speed up Hong Kong’s economic revival, finance chief says as budget consultation launched
Paul Chan says a main goal of his 2023-24 budget, to be delivered on February 22, is to have a forward-looking vision to strengthen city's economic revival External environment in the year ahead will ...
Wumart-Backed Dmall Seeks IPO Boost, But Family Ties Can Also Bind
The provider of cloud services for retailers is looking to raise funds in a Hong Kong IPO after reporting losses totaling 4.23 billion yuan in recent years.
KFin Technologies collects Rs 675 crore from anchor investors ahead of its IPO
KFin Technologies is majority-owned by funds managed by private equity investor General Atlantic. Kotak Mahindra Bank Ltd. also owns a 9.98 percent stake.
HK financial community welcomes new SFC chief executive
Hong Kong’s financial sector has welcomed the appointment of Julia Leung as the next chief executive officer of the Securities and Futures Commission (SFC). Leung, currently the deputy CEO and an ...