The Hang Seng index dropped 1.3%, while the Hong Kong China Enterprises Index lost 1.7%. ** Both the CSI300 index and the Shanghai Composite Index were roughly flat. ** "Previously, Hong Kong stocks ...
Hong Kong believes stablecoin volatility can spillover to traditional finance
The study also the crash of Terra USD (UST), an algorithmic stablecoin issued by Terraform Labs, which had caused mass redemption of Tether (USDT).
Chinese exchanges say COVID testing firms to face strict IPO checks
Chinese stock exchanges said they will strictly vet listing applications from COVID-19 testing companies, in response to media reports voicing concerns over fundraising plans by beneficiaries of the ...
Sunshine Insurance premarkets $1bn HK IPO
Founded in 2004, Sunshine provides life and health insurance, property and casualty insurance and asset management. It made total revenue of Rmb120tn in 2021, up 4.3% from Rmb115tn in 2020. After-tax ...
Citi bolsters HK BCMA team
He returns to Citi from Standard Chartered, where he was an MD within corporate, commercial and institutional banking, covering blue-chip conglomerates, family offices and public sector clients in ...
Hong Kong Dollar Rises Toward Strong Half of Band as Short Sellers Bail
The resurgent Hong Kong dollar has pushed closer to the strong half of its trading band, amid a spike in local funding costs that has upended crowded bets on shorting the currency.Most Read from ...
Furniture maker Decca narrows price range, downsizes proposed $30M US IPO
Hong Kong-based furniture maker Decca Investment (DCCA) has downsized and narrowed the price range for its proposed $30M US initial public offering.
Hong Kong’s Bananas Rule Shows Confusing Web of Covid Curbs
Hi, it’s Bruce in Hong Kong. The Asian financial hub has continued to make slow progress in its shift away from Covid Zero, but some remaining rules are simply, well, bananas. Before that, let’s take ...
Chinese Nickel Producer Lygend Seeks Up to $593 Million in Hong Kong IPO
In a lackluster year for IPOs, Lygend becomes the latest company along the electric-vehicle supply chain to tap public markets.
UPDATE 1-China’s Lygend Resources targets nearly $600 mln in Hong Kong IPO
Nov 21 (Reuters) - Chinese nickel producer and trader Lygend Resources is aiming to raise around $600 million in a Hong Kong initial public offering (IPO), according to its prospectus published on ...
Phillip Capital Management launches and lists Phillip HK Newly Listed Equities Index ETF in Hong Kong
Co-designed and developed between Solactive and PCMHK, the ETF tracks the Solactive Hong Kong Newly Listed Equities Index.
Hong Kong to push for stronger trade ties with Asia-Pacific countries, play role of ‘super connector’, finance chief says
Financial Secretary Paul Chan also reveals Indonesian Chamber of Commerce and Industry planning to visit Hong Kong next year to pursue business opportunities.
Hong Kong leader tests positive for COVID after APEC summit
Hong Kong's chief executive, John Lee, has tested positive for COVID-19 after returning from an Asia-Pacific Economic Co-operation (APEC) summit in Bangkok, where he met Chinese President Xi Jinping ...
Hong Kong stocks fall 2% in Asia session; China keeps benchmark lending rates on hold
Shares in the Asia-Pacific fell on Monday as China's central bank kept its benchmark lending rates, or loan prime rates, on hold.