Category: FINANCE

China's central bank said on Monday it fined Hong Kong's Bank of East Asia 0023.HK 16.74 million yuan ($2.63 million) for violating rules on collecting credit information, a filing showed. The penalty ... ( read original story ...)

Chinese cosmetics manufacturer Shanghai Chicmax Cosmetic Co. is planning an initial public offering in Hong Kong as soon as this year, according to people familiar with the matter. ( read original story ...)

Asian stock markets were mixed Monday after Wall Street fell on worries the Federal Reserve will raise interest rates as soon as March. Shanghai and Hong Kong advanced. ( read original story ...)

Dollar-denominated bond supply may peak this week as borrowers look to print deals before further rate volatility kicks in and ahead of the Chinese New Year holidays beginning January 31. At least ... ( read original story ...)

About 310,000 people benefited from cash allowances under Comprehensive Social Security Assistance scheme by the end of November last year. ( read original story ...)

Its buy now, pay later service has received over 60,000 applications. Hong Kong’s livi bank has reached 200,000 customers in the city by end-2021, double that seen in mid-year. Of these, over eight in ... ( read original story ...)

The surge in bank demand for bankers’ acceptance bills (BABs) in December 2021 should prove temporary, and is not likely to presage weakness in more traditional lending activity over 2022, says Fitch ... ( read original story ...)

Date Hong Kong Dollar to Euro Monthly Exchange Rates; Saturday 1 January 2022: $1 HKD = €0.1128: Hong Kong Dollar Euro rate for 01/01/2022: Sunday 2 January 2022: $1 HKD = €0. ( read original story ...)

Social media users in mainland China have created an online campaign to boycott Hong Kong broadcasting station TVB for awarding actress Ali Lee Kai-sum Best Actress of 2021 on Sunday for her drama AI ... ( read original story ...)

Huitongda, an commerce platform backed by Alibaba, will start its investor education process this week, sources say The Hong Kong bourse's listing committee gave its approval for the company to move ... ( read original story ...)

Shares of U.S.-listed Chinese tech companies rose in Hong Kong on Friday, leading the benchmark Hang Seng Index higher. What’s Moving: Shares of Alibaba Group ... ( read original story ...)

Hong Kong Financial Secretary Paul Chan expects the city’s economy to take a hit as a fifth wave of infections takes hold. ( read original story ...)

HSBC is holding millions of pounds of shares in a subsidiary of a sanctioned Chinese paramilitary organisation responsible for atrocities against Uighur Muslim ... ( read original story ...)

A Chinese online car-services platform backed by investors including Goldman Sachs Group and Tencent Holdings is shifting its proposed initial public offering (IPO) to Hong Kong from the United States ... ( read original story ...)