Category: FINANCE

N26 is set to close a major funding round from leading US investors after months of speculation. ( read original story ...)

WM Tech Corp., controlled by founder and chairman Zhang Wenzhong, has shelved its Hong Kong initial public offering after letting the application lapse, according to people familiar with the situation ... ( read original story ...)

The Chinese firm, which started up in 2015 as a roadside coffee stall, has been in talks with investment banks to explore its floatation. ( read original story ...)

Manner Coffee, a Shanghai-based cafe chain, is considering an initial public offering in Hong Kong that could raise at least $300 million, people with knowledge of the matter said. ( read original story ...)

Businesses in Hong Kong ground to a halt on Wednesday because of severe weather, with the Observatory deciding to extend the Signal 8 warning until 4pm. Trading in stocks and derivatives, the bullion ... ( read original story ...)

Bank of China (Hong Kong) will be adopting "iAM Smart", a mobile application launched by the Hong Kong SAR Government, for digital identification in mobile account opening, making it one of the first ... ( read original story ...)

Hyphen has so far raised more than US$110 million from investors including Li’s investment manager Pacific Century Group, Alibaba Group Holding, Goldman Sachs, the World Bank’s International Finance ... ( read original story ...)

According to Bloomberg as it cited a source familiar with the matter, deliberations are still ongoing and the details, including fundraising size and timing, could change. ( read original story ...)

Alibaba Group Holding Ltd (NYSE: BABA) founder Jack Ma, mainly out of public view since the regulatory clampdown, is currently in Hong Kong and has met business associates recently, Reuters reports. ( read original story ...)

The Chinese billionaire has been keeping a low profile since delivering a speech in October last year in Shanghai criticising China's financial regulators. That triggered a chain of events that ... ( read original story ...)

Shenzhen becomes the first mainland Chinese local government to sell offshore debt in Hong Kong in what officials say is as a boost to the latter’s credentials as a finance hub. ( read original story ...)

Fitch Ratings has affirmed The Hongkong and Shanghai Banking Corporation Limited's (HKSB) Long-Term Issuer Default ... ( read original story ...)

Louisa Cheang Wai-man, the former Hang Seng Bank CEO, died last week at the age of 57, according to sources. A memorial service will be held in Wan Chai on Friday, a source said. HSBC, where Cheang ... ( read original story ...)

... Pang to head of its Natural Resources Clean Energy Transition NRCET Investment Banking team for Asia, in a media note. The position is newly created and based in Hong Kong, according to the ... ( read original story ...)