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Category: FINANCE

Posted on 29/03/2023

Asian stocks rise as bank fears ease, Alibaba boosts Hang Seng

Investing.com-- Most Asian stock markets rose on Wednesday as regulators further downplayed fears of a banking crisis, while Hong Kong’s Hang Seng index rose sharply ... the recent collapse of Silicon ...

Posted on 29/03/2023

Hong Kong police search city for suspect in fatal knife attack on elderly man

Victim, 70, was attacked soon after leaving his house in Yuen Long for early morning exercise on Wednesday, according to police Another man in separate incident escapes knife attack by up to six ...

Posted on 29/03/2023

Alibaba’s Hong Kong shares surge 16% on split-up plans

TOKYO (Reuters) - The safe-haven U.S. dollar remained on the back foot on Wednesday following two days of losses as global financial markets regained a... 10:02pm EDT JPMorgan's Jamie Dimon to be ...

Posted on 29/03/2023

Hong Kong ‘determined’ to be a regional hub for green tech and finance, city’s Paul Chan says

City's finance chief told the Post's China Conference: Southeast Asia in Singapore that Hong Kong was determined to position itself as a green hub It would start by building its green technology ...

Posted on 29/03/2023

Chubb and Hang Seng sign 15-year bancassurance deal

Hang Seng Bank and Chubb have signed a 15-year exclusive general insurance distribution agreement that sees the insurer providing the Hong Kong bank’s customers with its range of personal and ...

Posted on 29/03/2023

Fintech, lifestyle products can help Korea grow trade ties with Hong Kong: city’s trade promotion chief in Korea

Korea and Hong Kong are seeking to capitalize on the rapid growth of technologies used to improve financial services from banking to blockchain, wealth management, insurance and investment. "During ...

Posted on 29/03/2023

Hong Kong Sets Sights On Crypto Dominance With Unprecedented Move To Ease Financing For Virtual Assets

What Happened: The Hong Kong Monetary Authority (HKMA) and the Securities and Futures Commission (SFC) are jointly organizing the session "to facilitate direct dialog" and "share practical experiences ...

Posted on 28/03/2023

Shanghai exchange cancels Syngenta IPO hearing -filing

HONG KONG, March 28 (Reuters) - The Shanghai Stock Exchange has cancelled a hearing to review Swiss agrichemicals and seeds group Syngenta's initial share offering (IPO) plan, a filing posted on the ...

Posted on 28/03/2023

Hong Kong Shares Rise 0.6% Amid Improved Sentiment

Hong Kong’s Hang Seng Index was 0.6% higher at 19688.31, as investor concerns over the health of the banking sector eased after news that a U.S. regional lender was buying large parts of Silicon ...

Posted on 28/03/2023

Hong Kong gets inaugural US$350 million catastrophe bond listing in boost to global risk management hub ambitions

Listing of the World Bank catastrophe bond reflects Hong Kong's growing attractiveness as a platform for international issuers looking to access the region's deep and diverse funding pool, HKEX's ...

Posted on 28/03/2023

Alibaba to split into 6 companies, pursue IPOs in major shakeup

HONG KONG -- Chinese e-commerce group Alibaba Group Holding will reorganize into six business groups and pursue public listings for five of them, in the most significant governance overhaul since the ...

Posted on 28/03/2023

Alibaba to split into 6 groups, separate IPOs expected

Alibaba announced Tuesday that it would split into six business groups in one of the most significant overhauls of a leading Chinese tech firm to date.The Hangzhou-based firm is one of China's most ...

Posted on 28/03/2023

Easing Bank Concerns Firm Up Asian Stock Markets

reported the Bank of Japan. The Hong Kong Hang Seng Index opened evenly and rose to the close, finishing up 1.1% as tech and property sectors gained. The broad gauge Hang Seng rose 216.96 to 19,784.65 ...

Posted on 28/03/2023

Hong Kong takes a step towards crypto mainstream with historic meeting

On April 28th, a round-table discussion is set to take place at the Hong Kong Monetary Authority. The purpose of the discussion is to enable direct dialog and exchange practical experiences and ...

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