Noah Holdings Ltd. was a poster child for the dangers lurking in China’s $8 trillion shadow banking system. Now it’s at the fore of a historic shift in Chinese asset management, one that policy makers ... ( read original story ...)
Hong Kong Council Adviser Says Account Closure Not Tied to Law
A top adviser to Hong Kong’s leader clarified that the closure of one of his U.S. bank accounts is unrelated to China’s new security law for the city. ( read original story ...)
Bankers Leaving Hong Kong Face Grim Job Markets, High Taxes
After several years weighing the pros and cons of leaving Hong Kong, Ms Lee is taking the plunge and moving to Canada. Though she has no job lined up, faces higher taxes and will have to endure harsh ... ( read original story ...)
Preparing for the worst, banks in Hong Kong reviewing client lists as US preps sanctions over national security law
For big banks ranging from Citigroup and Goldman Sachs to HSBC and Standard Chartered, a lot is at stake.If they are found to be doing business with blacklisted individuals, American lenders could fac ... ( read original story ...)
Squeezed by Superpowers, HSBC Eyes Next Step of Reboot
Caught in the crossfire between Washington and Beijing, HSBC Holdings Plc is fighting forces that threaten to upend a business built on connecting China to the West. ( read original story ...)
Hong Kong leader Carrie Lam’s top adviser has US bank account closed
Executive Council convenor Bernard Chan believes move was made because he is considered to be a ‘politically exposed person. ( read original story ...)
Hang Seng Index May Find Traction On Tuesday
Hang Seng Bank tumbled 1.45 percent, Power Assets Holdings spiked 1.42 percent, WH Group skidded 1.33 percent, AAC Technologies retreated 1.22 percent, Hong Kong & China Gas declined 1.09 percent, ... ( read original story ...)
Hang Seng Index, China stocks gain as Moderna launches large-scale vaccine trial in US in hunt to beat Covid-19
Hong Kong, China and elsewhere. The Hang Seng Index rose 1.1 per cent to 24,863.60 on Tuesday, following two straight sessions of losses and last week’s big reversals as US and China ratcheted up ... ( read original story ...)
Ant Group’s IPO Has Deep Implications For Alibaba
Chinese equity markets were seemingly impervious to the escalating tensions between the U.S. and China which saw the closure of a consulate in each of the two countries. ( read original story ...)
Bankers Leaving Hong Kong Face Grim Job Markets and Higher Taxes
After several years weighing the pros and cons of leaving Hong Kong, Ms Lee is taking the plunge and moving to Canada. Though she has no job lined up, faces higher taxes and will have to endure harsh ... ( read original story ...)
Hang Seng to Launch New Index of Benchmark-Beating Tech Stocks
A new index focused on China’s technology giants is set to give investors greater access to their growing dominance in Hong Kong’s market.The new index will track the 30 largest tech companies listed ... ( read original story ...)
The next global financial crisis looms as coronavirus batters demand, warns former Hong Kong Monetary Authority chief Joseph Yam
Covid-19 has pushed the world to the brink of another financial crisis, as ‘problematic’ global QE programmes won’t overcome the slump in consumption, says Joseph Yam, former chief of Hong Kong’s de ... ( read original story ...)
Hang Seng Tech Index swings between gains and losses on debut, but focus now on smaller firms that can juice fund returns
Smaller companies, in the shadows of Alibaba and Tencent, hope that the index will bring them to the attention of fund managers. ( read original story ...)
China’s Tigermed to raise up to $1.38 billion in Hong Kong listing
Hangzhou Tigermed Consulting plans to raise up to $1.38 billion in its Hong Kong listing, which could make the Chinese clinical trial and research firm the largest healthcare transaction ... ( read original story ...)