Hong Kong’s new home sales may surge by 50% in 2023 after the border with mainland China reopened and as interest-rate increases end.
Determining the future of virtual banking
The Bank of Thailand has issued a consultation paper for the virtual bank licensing framework as part of its hearings into the creation of virtual banks as new financial service providers. Below are ...
China developers’ debt risks persist after support policies’ slow start
China's Country Garden had some rare good news for the cash-squeezed property sector with an offshore debt repayment on Tuesday, but a closer look reveals just how much developers may still struggle ...
Big Banks Test The Waters For New China Listings With QuantaSing IPO
Investment banking majors Citigroup and China’s CICC and CLSA are sponsoring a new IPO by QuantaSing to raise up to $44 million.
HK’s livi bank launch QR payment option
From now until 31 March, customers can earn rewards up to HK$500 per month. Hong Kong’s livi bank has introduced a QR payments option tied to UnionPay that will enable its customers to pay at over 29 ...
Nomura cuts 18 Asia banking jobs as dealmaking slows -sources
Nomura Holdings Inc has cut 18 Asian banking jobs, most of them China-focused investment roles, after a sharp slowdown in dealmaking activity, according to two sources with direct knowledge of the ...
Beauty Farm IPO Soars By 53% On Hopes China Spending Poised To Recover
Beauty Farm gained 53.5% to HK$29.65, or $3.80, yesterday compared with its IPO price of HK$19.32. The company raised HK$387.2 million in its initial offering, most of which will be used to upgrade ...
Hong Kong’s IPO Market Is Poised For A Revival
After a bleak first half of 2022, Hong Kong’s IPO market regained momentum in the second half of the year. Refinitiv data show that 75 listings raised US$12.69 billion. To be sure, it was a weaker ...
Hong Kong Hang Seng ends at 6-month high
However, market gains were capped as profit taking, with eyes now on the release of the country's growth data later in the week.
E-PowerSpot Shakes Up Hong Kong’s Power Bank Sharing Market with Innovative Partnership Program
PowerSpot, a promising enterprise in the shared power bank industry, is rapidly gaining market share across Hong Kong with its innovative partnership program and attractive benefits for partnering ...
China, HK stocks rise on strong foreign inflows amid signs COVID peaked
China stocks jumped to a four-month high on Monday, aided by strong foreign inflows, while Hong Kong shares edged up as investors doubled down their bets on economic recovery after Chinese health ...
OPINION – China’s re-opening after Covid could be very bad news for global inflation
Hong Kong has only very recently lifted its Covid quarantine rules. The city’s reopening, however, is small beer compared with what took place the day after my arrival. On Sunday, the border between ...
Traditional bank stands to gain as it embraces the digital needs of young millennials disrupting the industry
HSBC extends its lead by embracing the market disruption caused by young millennials, who seek seamless digital services, a personal banking experience and a strong performance record from their bank.
DBS Hong Kong unveils eLaisee function
Customers who send an eLaisee also have the chance to win up to HK$288 in cash rewards. DBS Bank (Hong Kong) has launched an eLaisee function for the upcoming Chinese New Year celebrations. The bank ...