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Category: FINANCE

Posted on 29/11/2022

Shareholders set to benefit as HSBC sells Canada unit

HSBC has agreed to sell its business in Canada to Royal Bank of Canada for $13.5 billion Canadian dollars (US$10.04 billion) in cash, paving the way ...

Posted on 29/11/2022

Hong Kong crypto exchange falls silent, fuelling shutdown fears

Atom Asset Exchange (AAX) prevented customer withdrawals on November 15, saying its capital position was under "acute pressure" after some investors asked for their money back ...

Posted on 29/11/2022

3D Medicines brings out cornerstone-heavy IPO

At the top of the price band, 3D Medicines will raise HK$429m, if the greenshoe option is not exercised. Given turbulent market conditions globally, 3D Medicines has turned to cornerstones to support ...

Posted on 29/11/2022

Chinese Woman Cofounder Of Skincare Firm Giant Biogene Becomes New Billionaire After Its IPO

Giant Biogene Holding, a China skincare products supplier that listed at the Hong Kong Stock Exchange on Nov. 4, has raised the equivalent of $10 million through the sale of 3.39 million ...

Posted on 29/11/2022

Hong Kong stocks extend rally past 5% after China holds Covid briefing

Stocks in Hong Kong led gains alongside Chinese indexes after Chinese health authorities held a press briefing on its Covid policies, encouraging elderly to get vaccinated.

Posted on 29/11/2022

China, Hong Kong stocks jump as policy relief fires up property, banking shares

Stocks in China and Hong Kong bounced sharply on Tuesday, as investors snapped up property and bank shares after regulators broadened equity financing channels for developers, easing fears of a debt ...

Posted on 29/11/2022

70% of Hong Kong banking customers want a better online experience – Capco Bank of the Future survey

Hong Kong consumer confidence in digital banking is rising but trust is no longer a bank monopoly, according to a new Asia-Pacific focused Bank of the Future survey from Capco, the global technology ...

Posted on 29/11/2022

Hong Kong stocks rise 3% in Asia session; China’s Covid situation remains in focus

Shares in the Asia-Pacific were mixed on Tuesday after a negative start to the week with investors watching developments in China's Covid situation.

Posted on 29/11/2022

Hong Kong stocks lead losses in Asia on China unrest, oil at lowest in 2022

Asia-Pacific markets traded lower on Monday amid unrest in China over its continued zero-Covid policy and a growing number of cases reported in the nation.

Posted on 28/11/2022

China’s COVID Protests Dent November Recovery: Hang Seng Down 1.5%

Hong Kong’s benchmark Hang Seng Index fell 1.5% on Monday as protests against China's strict Covid measures spread to major cities.

Posted on 28/11/2022

Pet food maker i-Tail to raise B21.1bn, pricing IPO at top of band

Pet food maker I-tail Corp priced shares in its initial public offering at 32 baht each, the top of the marketed range in Thailand’s second-biggest listing this year.

Posted on 28/11/2022

China Skincare Billionaire’s Giant Biogene Raises $10 Million In IPO Over-Allotment

Giant Biogene Holding, a China skincare products supplier that listed at the Hong Kong Stock Exchange on Nov. 4, has raised the equivalent of $10 million through the sale of 3.39 million ...

Posted on 28/11/2022

Hong Kong home prices slump to nearly five-year low after biggest monthly decline of year, with more drops to come

Prices of lived-in homes in Hong Kong fell 2.4 per cent on a monthly basis in October, according to government data released on Monday The government's price index stands just above where it was in ...

Posted on 28/11/2022

Hong Kong-listed firms ‘strongly’ advised to prepare for ISSB climate-disclosure demands, bourse operator says

Issuers should get familiar with the new ISSB climate-disclosure standards, Hong Kong Exchanges and Clearing said in report on Friday Just over 85 per cent of 400 listed companies studied had made ...

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