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Category: FINANCE

Posted on 01/03/2022

Hong Kong’s Reported Lockdown; Testing Rules Ease: Virus Update

Hong Kong plans to lock down the city to ensure a mandatory Covid-19 testing drive this month is effective, according to local media. The U.S. raised its travel alert for the financial hub by two ... ( read original story ...)

Posted on 01/03/2022

Lockdown fears spark panic buying in Hong Kong

Hong Kongers stripped supermarket shelves bare Tuesday as panic buying set in following mixed messaging from the government over whether it plans a lockdown this month. ( read original story ...)

Posted on 01/03/2022

Hong Kong to Lock Down City for Mass Testing, Local Media Say

Hong Kong is planning to enforce a lockdown to ensure a mandatory Covid-19 testing drive planned for this month is effective, Sing Tao Daily and other domestic media reported Tuesday, as the worst ... ( read original story ...)

Posted on 01/03/2022

HSBC, BOC lead Hong Kong market losses as city grapples with Covid-19 infections and Ukraine geopolitical tension returns

Hang Seng reverses earlier gains as the city grapples with rising Covid-19 cases, with banks set to endure an extended period of branch closures Key stock indices have lost by 20 to 48 per cent in ... ( read original story ...)

Posted on 01/03/2022

What Nio Investors Should Know About Imminent Hong Kong IPO: Secondary Listing, No Stock Sale, Singapore Plans And More

Hong Kong initial public offering plan is finally falling into place. Nio confirmed on Monday that it has filed for a secondary listing of its ... ( read original story ...)

Posted on 28/02/2022

Billionaire Richard Li’s FWD Files For Hong Kong IPO

The fast-growing life insurer with businesses in 10 Asian markets joins a growing cohort of companies that are rerouting their fundraising plans from New York to the Asian financial hub. ( read original story ...)

Posted on 28/02/2022

FWD files to list in Hong Kong, as Richard Li completes the switch of his insurer’s stock sale from New York

FWD may trim its Hong Kong fundraising to US$1 billion, from the US$3 billion planned for New York last year Morgan Stanley, Goldman Sachs, CMBI and JP Morgan are helping the company with the planned ... ( read original story ...)

Posted on 28/02/2022

Hong Kong domestic helpers abandoned as COVID takes toll

HONG KONG/MANILA, Feb 28 (Reuters) - A rapid spread in COVID-19 cases in Hong Kong has cast a spotlight on the plight of domestic helpers in the global financial hub after some were fired or made ... ( read original story ...)

Posted on 28/02/2022

Insurer FWD Group aims to raise $1 bln in Hong Kong IPO -sources

Asia-focused insurer FWD Group is aiming to raise up to $1 billion in a Hong Kong initial public offering (IPO) by the middle of the year, two sources with direct knowledge of the matter told Reuters. ( read original story ...)

Posted on 28/02/2022

Hang Seng Bank (OTCMKTS:HSNGY) Downgraded by Zacks Investment Research to “Strong Sell”

Zacks Investment Research downgraded shares of Hang Seng Bank (OTCMKTS:HSNGY – Get Rating) from a hold rating to a strong sell rating in a report released on Thursday, Zacks.com reports. According to ... ( read original story ...)

Posted on 28/02/2022

Indian Economy, Hong Kong Stocks Hurting Most in Asia

When India reports GDP later today, the numbers won't factor in the future heavy cost to the country of higher oil prices. ( read original story ...)

Posted on 28/02/2022

Chinese Fitness App Keep Files for Hong Kong IPO After Dropping US Listing Plans

China’s largest mobile sports platform Keep has applied for an initial public offering on the Hong Kong stock exchange nearly a year after abandoning its previous plan to go public in the US due to ... ( read original story ...)

Posted on 28/02/2022

Hong Kong domestic helpers abandoned as COVID takes a toll

A rapid spread in COVID-19 cases in Hong Kong has put the plight of domestic helpers in the global financial hub in the spotlight after some were fired or made homeless by their employers when they ... ( read original story ...)

Posted on 28/02/2022

Energy, material stocks lift China A-shares; Hong Kong slips

Chinese A-shares closed higher on Monday, boosted by gains in raw material and energy firms as the Russia-Ukraine conflict lifted commodity prices, while Hong Kong’s Hang Seng slipped as the city ... ( read original story ...)

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