HSBC Holdings said on Wednesday it raised $2 billion from a convertible security issue, beating its own target on strong demand for the perpetual additional Tier 1 bond.In a filing to the Hong Kong ...
After over 2.5 years, Hong Kong authorities scrap mask-related COVID restrictions; authorities to stop imposing $1,000 fine
Hong Kong is all set to return to normalcy with the authorities deciding to stop mandatory rules on wearing masks in public places from March 1.
Billionaire Li’s FWD raises US$1.8b in two years before IPO
FWD Group Holdings Ltd raised a total of US$1.8 billion in private placements over the past two years, as the pan-Asian insurance company owned by Hong Kong billionaire Richard Li moves a step closer ...
Hong Kong Tries To Recover Its Global Financial Center Mojo
Given the competition it faces from Singapore, Hong Kong cannot afford to rest on its laurels if it wants to keep its standing as a financial center.
Asia markets mostly rise as Hong Kong announces to lift mask mandate, Japan’s factory output falls
Asia-Pacific markets were mostly higher on Tuesday as investors digested key economic data across the region. The Hang Seng index fell 0.69% as Hong Kong's Chief Executive John Lee announced to drop ...
Banks in HK, Macao connect customers to mainland
The branch launched the service in Hong Kong and Macao respectively in March and December 2019. Permanent residents aged 18 or above in the SARs who have an account at a local cooperative bank can ...
Billionaire Li’s FWD Raises $1.8 Billion in Two Years Before IPO
FWD Group Holdings Ltd. raised a total of $1.8 billion in private placements over the past two years, as the pan-Asian insurance company owned by Hong Kong billionaire Richard Li moves a step closer ...
FWD delivers organic growth ahead of planned HK IPO
FWD Group posted segmental adjusted operating profit before tax of US$334m in 2022, up 83% from 2021, ahead of a planned Hong Kong IPO this year. The Asian insurer controlled by Hong Kong billionaire ...
Police look for evidence in slain Hong Kong model’s case
The gruesome killing has transfixed many in Hong Kong and across the border in mainland China since the self-governed southern Chinese city has a very low level of violent crime.
Hong Kong’s HKBN to Get $1 Billion Buyout Offer from HGC, Sources Say
Hong Kong telecommunications provider HKBN Ltd. has received a takeover offer from HGC Global Communications Ltd. that could value the company at more than $1 billion, according to people familiar ...
HSBC riles Hong Kong bankers with plan to end private offices
SENIOR investment bankers at HSBC Holdings in Hong Kong could lose their private offices as the firm moves towards open-plan desks for the financial hub, causing angst among some executives who’ve ...
Hong Kong stocks rebound from 2023 low on corporate earnings boost as city discards mask rules
Report cards from Chinese companies including those in Hong Kong have been encouraging, according to Goldman Sachs and Bank of America Hong Kong will scrap mask-wearing rules from Wednesday, ending a ...
Asia markets mixed as Hong Kong announces to lift mask mandate, Japan’s factory output falls
Asia-Pacific markets were mostly higher on Tuesday as investors digested key economic data across the region. The Hang Seng index rose 0.45% as Hong Kong’s Chief Executive John Lee announced to drop ...
The Chinese billionaire CEO whose disappearance rocked his bank’s stock is ‘cooperating’ with a government probe, his firm says
Rock star dealmaker Bao Fan is "cooperating in an investigation", according to his firm China Renaissance, whose stock tanked 20% when the CEO vanished.