Category: FINANCE

China’s small-bank crisis is far from over. On Monday authorities in Henan finally agreed to cover customer deposits that were frozen in April after getting caught in a possible fraud. It’s a ... ( read original story ...)

Ltd's investment banking head, Wang Sheng, is set to leave the bank to take over as the chief executive of smaller peer China Galaxy Securities, six people with direct knowledge of the matter said. ( read original story ...)

The Hong Kong stock market on Monday wrote a finish to the two-day winning streak in which it had advanced almost 140 points or 0.7 percent. The Hang Seng Index now sits just above the 21,120-point ... ( read original story ...)

HSBC Hong Kong has launched a brand-new campaign “Hong Kong inspired by the world” to highlight the diverse culture and prosperity of the city, by featuring concepts including food and beverage, ... ( read original story ...)

HSBC HOLDINGS (00005.HK) announced that it had repurchased a total of 3.0893 million shares in London and Hong Kong yesterday (11th), involving a total of approximately HKD152 million. HSBC ... ( read original story ...)

Rainmed Medical Ltd. raised HK$146 million (US$19 million) in an initial public offering in Hong Kong. Its shares debuted at HK$5.60 and dropped as much as 15.38% to close at HK$5.28 on July 8, 2022, ... ( read original story ...)

Company says spin-off of Super Hi International Holding would position the unit and the parent for growth. Read more at straitstimes.com. ( read original story ...)

The top U.S. diplomat in Hong Kong on Monday urged China to ease political pressure on the city, warning that the "crude and chilling" use of a sweeping national security law threatened its role as an ... ( read original story ...)

China imposed a sweeping national security law on the city following the protests and Washington implemented sanctions against top Hong Kong officials. US officials confirmed privately that since then ... ( read original story ...)

Video from clash in Central Chinese city spreads online despite censorship; officials had prevented earlier protest using Covid-19 health codes. ( read original story ...)

International investors will find the new Swap Connect useful, as it 'helps them hedge their interest rate risk exposure', says John Tan, bank's head of financial markets in Asia As a next step, China ... ( read original story ...)

Chinese authorities on Sunday violently dispersed a peaceful protest by hundreds of depositors, who sought in vain to demand their life savings back from banks that have run into a deepening cash ... ( read original story ...)

Financial Secretary Paul Chan says government will respond to housing crisis 'with determination and courage, but also wisdom and techniques' Steering Committee on Land and Housing Supply and the Task ... ( read original story ...)

Ping An's push to break up HSBC has failed to spur gains in bank's Hong Kong share price, which is lagging the benchmark Hang Seng Index Chinese insurer pushing for change after bank's 2020 dividend ... ( read original story ...)