Bank of China, one of China's top four state-owned banks, has offered offshore loans to cash-starved Chinese property developer Longfor Group Holdings Ltd, it said in a statement on Friday. The move ...
China Outlook, Property Rally Propel Hong Kong Market Higher
The Hong Kong Hang Seng Index opened evenly and rallied to the close, finishing up 2.3% on more reports of easing pandemic strictures in mainland China, and also of official boosted policy support for ...
China Regulators, State Banks Split Staff as Fears Mount About New COVID Outbreaks-Sources
Chinese regulators and state-owned banks are taking steps to split staff at their workplaces in Beijing, sources told Reuters, as businesses brace for a possible spike in COVID cases after China ...
Xiamen International Bank Said to Weigh $1.3 Billion HK IPO
Xiamen International Bank Co., set up almost four decades ago with both local and foreign investors, is considering a Hong Kong initial public offering that could raise about HK$10 billion ($1.3 ...
StanChart Told to Probe Suspicious Credit Card Charges in HK
Hong Kong’s regulator asked Standard Chartered Plc to conduct an investigation after more than a hundred local customers complained about unauthorized credit card transactions.
UPDATE 1-China’s Weilong Delicious to raise $130.6 mln in Hong Kong IPO
Chinese snack food maker Weilong Delicious Global Holdings is set to price its shares at HK$10.56 each in its Hong Kong initial public offering to raise $130.6 million, according to two sources with ...
Chinese insurer is set to be Hong Kong’s last big debut of 2022
China’s Sunshine Insurance Group Co. declined in its trading debut after Hong Kong’s fourth-largest deal this year, potentially the last big listing in the Asian hub before the end of 2022.Shares of ...
Hong Kong is set to regain top-three IPO ranking in 2022, says KPMG China
The top two rankings are taken by the Shanghai Stock Exchange and Shenzhen Stock Exchange, and the A-share market is the key driver for the global IPO market in 2022, accounting for nearly half of ...
Hong Kong Amends Finance Law to Incorporate Crypto Firms
Virtual asset service providers will be covered by terror financing and anti-money laundering rules as of June 2023.
Hong Kong’s virtual asset licensing regime to take effect next June
Meanwhile, Hong Kong-based asset management company Pando Finance launched two virtual assets ETFs on Thursday, South China Morning Post reported.
Hong Kong Monetary Authority orders probe into credit card fraud surge as victims with Standard Chartered vent frustration on social media
Angry users flood Standard Chartered's Facebook page with complaints about allegedly unauthorised transactions in foreign currencies Hong Kong's de facto central bank demands local lender take ...
China’s Weilong Delicious to raise $130.6 million in Hong Kong IPO
Chinese snack food maker Weilong Delicious Global Holdings is set to price its shares at HK$10.56 each in its Hong Kong initial public offering to raise $130.6 million, according to two sources with ...
Hong Kong Stocks Rally on Report City May Relax Covid Rules
The Hang Seng Index rose as much as 3.8%, erasing Wednesday’s selloff, while a gauge of Chinese tech stocks trading in the city rallied 7%. A Bloomberg gauge of Macau casino shares surged as much as ...
GAC’s Ride Hailing Firm Ruqi Is Said to Pick Banks for HK IPO
Ruqi Mobility, Chinese state-backed automaker GAC Group’s ride-hailing firm, has picked banks including ABC International Holdings Ltd. for its planned Hong Kong initial public offering, according to ...