Philippine meat company North Star Meat Merchants has decided to delay its Ps3.92bn ($74m) domestic IPO due to market volatility amid inflation concerns. One of the southeast Asian country’s largest ... ( read original story ...)
HSBC Buys back Over 3.07M Shrs in HK, London Ytd for $161M
HSBC HOLDINGS (00005.HK) announced that it had repurchased a total of 3.0768 million shares in London and Hong Kong yesterday (6th), involving a total of approximately HKD161 million. HSBC repurchased ... ( read original story ...)
Investors hoping to pounce on summer IPOs may be out of luck. Here’s why
The U.S. initial public offering market is staring down another slow week with just one small deal on tap, capping a period of little-to-zero activity ... ( read original story ...)
Asian insurer FWD delays $1b Hong Kong IPO amid volatile market
Asian insurer FWD Group has delayed its $1 billion Hong Kong initial public offering (IPO) because of volatile financial markets, according to three sources with direct knowledge of the matter. FWD ... ( read original story ...)
Richard Li-Backed Insurer FWD Said to Postpone Hong Kong IPO
FWD Group Holdings Ltd., the Asian insurer backed by Hong Kong billionaire Richard Li, has decided to postpone its Hong Kong initial public offering due to market volatility, according to people ... ( read original story ...)
Analysis-China’s Economic Headwinds Chill Its Wary New Homebuyers
After two years of hunting, Volar Yip has put his dream of buying a new home in China's southeastern city of Foshan on ice, anxious about making a major financial commitment amid a significant ... ( read original story ...)
Sunlight REIT secures an additional HK$800 million Sustainability-linked Loan from BOCHK
HONG KONG SAR - Media OutReach - 6 June 2022 - Henderson Sunlight Asset Management Limited (the "Manager") and Bank of China (Hong Kong) ("BOCHK") jointly announce that Sunlight Real Estate Investment ... ( read original story ...)
Hong Kong should stick to four-decade-old US dollar currency peg as it braces for ‘unusual challenges’ ahead, HKMA founder Yam says
Keeping a system that has proven to be most resilient is our best option, city's longest-serving central banker says Linking local currency to the yuan should only be considered 'if there is a nuclear ... ( read original story ...)
Hong Kong should stick to four-decade-old US dollar currency peg as it braces for ‘unusual challenges’ ahead, founder Joseph Yam says
Keeping a system that has proven to be most resilient is our best option, city's longest-serving central banker says Linking local currency to the yuan should only be considered 'if there is a nuclear ... ( read original story ...)
Hong Kong’s private sector expands at fastest pace since 2011, but doubt remains
The S&P Global Purchasing Managers' Index rose to 54.9 in May, up from 51.7 in April. Read more at straitstimes.com. ( read original story ...)
Hong Kong Stock Market Expected To Open In The Red
Ahead of Friday's holiday for the Dragon Boat Festival, the Hong Kong stock market had moved lower in two straight sessions, sinking more than 330 points or 1.6 percent along the way. The Hang Seng ... ( read original story ...)
Hong Kong banking outage costs Jockey Club ‘HK$60 or HK$70 million’ in turnover
Jockey Club chief executive Winfried Engelbrecht-Bresges believes betting turnover on Sunday’s Sha Tin meeting suffered to the tune of “HK$60 or HK$70 million” because of Hong Kong’s banking ... ( read original story ...)
He moved to Hong Kong in 2020. The ‘zero-Covid’ strategy pushed him to move again.
As Singapore moves to reopen after the pandemic, rival financial hub Hong Kong remains mired in restrictions that critics say are costing it business and talent, with Singapore a prime beneficiary. ( read original story ...)
ATM, online banking services in Hong Kong resume for millions of HSBC, Hang Seng customers after brief disruption
Representatives from both banks apologise for inconvenience caused by technical issues, say all services have resumed HSBC, Hang Seng customers say banking apps out of service at 11.30am on Sunday, ... ( read original story ...)