The Hong Kong Special Administrative Region (HKSAR) government on Monday issued a paper to the Legislative Council Finance Committee to seek injection of 27 billion HK dollars (3.46 billion U.S. ( read original story ...)
Covid-19: Hong Kong conglomerates biggest beneficiaries of record-breaking handout that went HK$10bn over budget
Hong Kong’s biggest conglomerates and chains were among the top ... First announced in April 2020, the Employment Support Scheme (ESS) provided financial support to employers who promised to retain a ... ( read original story ...)
Standard Chartered HK is first foreign bank qualified as direct participant in CIPS
Standard Chartered Hong Kong has become the first foreign bank that is qualified as a direct participant of the cross-border interbank payment system (CIPS) outside mainland China. The bank has been ... ( read original story ...)
The US is about to get its first Chinese IPO in months
Hong Kong (CNN Business)The United States is about to get its first initial public offering from a Chinese company in months, even as US-China tensions and regulatory scrutiny remain high. Meihua ... ( read original story ...)
Hong Kong watchdog warns of NFT, metaverse risks as top 2022 tech dangers amid rising number of phishing scams
A vibrant community of NFT and metaverse enthusiasts have formed in Hong Kong, Asia's financial and art trading hub, where regulators have been slow to catch up with the rapid development of ... ( read original story ...)
Hong Kong looks for at least USD3B to reduce effect of epidemic
(MENAFN) Hong Kong is in search of at least USD3 billion in assets to add to its market after financial stress from its coronavirus restrictions. The local administration in the semi-autonomous ... ( read original story ...)
Hong Kong “overwhelmed” as COVID infections hit record
HONG KONG, Feb 14 (Reuters) - The latest wave of COVID-19 infections ... Despite the latest surge, deaths in the global financial hub remain far less than similar-sized cities since the pandemic ... ( read original story ...)
Hong Kong leader says 5th COVID wave has ‘overwhelmed’ city’s capacity
Hong Kong's leader Carrie Lam said on Monday (Feb 14) that the "onslaught" of coronavirus infections in the global financial hub has dealt a heavy blow and overwhelmed its capacity to deal with the ... ( read original story ...)
Hong Kong to extend suspension of face-to-face classes to March 7 -RTHK
HONG KONG (Reuters) - Hong Kong will extend the suspension of face-to-face classes by two weeks until March 7, local broadcaster RTHK said on Monday, as the global financial hub grapples to contain a ... ( read original story ...)
Hong Kong shares close down on Ukraine fears, Fed tightening
Hong Kong shares finished lower on Monday, dragged down by tech giants and financial names on warnings that Russia could invade Ukraine at any time and as an alarmingly high U.S. inflation reading ... ( read original story ...)
Huitongda Prices Hong Kong IPO at Bottom of Range
Huitongda Network Co., a Chinese e-commerce platform backed by Alibaba Group Holding Ltd., has raised about $284 million after pricing its Hong Kong initial public offering at the bottom of its ... ( read original story ...)
Cryptocurrency and NFT-friendly Hong Kong could be sitting on a new investor time bomb
There are also instances of front-running before the NFT is “dropped” in a public marketplace, which would be illegal if it were an IPO. Hong Kong NFT buyers emerge as targets of hackers, scammers The ... ( read original story ...)
How lack of insurance for SPAC directors threatens to derail M&A deals under Hong Kong’s new listing regime
There are only “a handful” of insurers in Hong Kong that offer D&O insurance to SPAC directors, and the premium can be five times more expensive than that charged for a traditional IPO, said Murray ... ( read original story ...)
New York set for first Chinese IPO in seven months
HONG KONG -- New York is poised to see its first initial public offering by a Chinese company in seven months amid signs the city could see a new flurry of such listings. ( read original story ...)