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Category: FINANCE

Posted on 31/03/2021

Hong Kong dollar deposits plummet 12 per cent in February new year holiday takes heat out of IPO frenzy

Hong Kong dollar deposits dropped almost 12 per cent in February. Photo: Shutterstock The Lunar New Year holiday in February interrupted stock market listings activity, which caused deposits in Hong ... ( read original story ...)

Posted on 31/03/2021

Chinese Fresh Food Chain Qiandama Weighs Hong Kong IPO

Chinese fresh food chain operator Qiandama is considering an initial public offering in Hong Kong as soon as this year, according to people familiar with the matter.The Guangzhou-based company had ... ( read original story ...)

Posted on 31/03/2021

Hong Kong’s democratic dreams have been trashed by Chinese power grab – the UK must use Magnitsky sanctions

The Chinese government’s actions in Hong Kong are a textbook case study of an authoritarian power-grab. Redefine national security. Exercise ... ( read original story ...)

Posted on 31/03/2021

Bangkok Bank Public Company Ltd. (Hong Kong) — Moody’s affirms Bangkok Bank’s ratings; outlook remains stable

Moody's affirms Bangkok Bank's ratings; outlook remains stableRead the full article at Moody's ... ( read original story ...)

Posted on 31/03/2021

Billionaire Cheng-Backed Firm in Talks for Hong Kong Life

China Strategic Holdings Ltd., an investment firm backed by billionaire Henry Cheng, is in talks to buy Hong Kong Life Insurance Ltd., according to people familiar with the matter. China Strategic is ... ( read original story ...)

Posted on 31/03/2021

China Fintech Firm Falls 16% in Worst Hong Kong Debut Since 2018

Chinese fintech firm Bairong Inc. slumped on its debut in Hong Kong, the second listing in the financial hub this week to disappoint following a global selloff in China’s technology sector.Shares of ... ( read original story ...)

Posted on 31/03/2021

Hong Kong Limits Public Information as China Exerts Control

(Bloomberg) -- Hong Kong institutions are further restricting public access to information, raising concerns over transparency as China increases its grip over the Asian financial hub. The most ... ( read original story ...)

Posted on 31/03/2021

Hong Kong fugitive Andy Li’s whereabouts remain a mystery after he fails to appear in court for national security law case

The whereabouts of wanted fugitive Andy Li Yu-hin remain unknown, nine days after he was sent back to Hong Kong from mainland China. According to prosecutors, Li, who faces three charges under the ... ( read original story ...)

Posted on 31/03/2021

Don’t doubt Hong Kong’s importance to China, say experts, as they outline strengths that can help country become global tech power

Panel outlines academic and scientific benefits city brings to table during high-powered webinar discussing country’s 14th five-year plan. But shortcomings also exposed with investment in technology ... ( read original story ...)

Posted on 31/03/2021

HSBC launches Green Deposits to help SMEs fund sustainability projects

HSBC has enriched its suite of green finance solutions with the roll-out of Green Deposits for businesses in Hong Kong. Commercial customers, in particular SMEs, can now include the sustainability ... ( read original story ...)

Posted on 31/03/2021

Extradition judge is told she, not minister, must decide if US has jurisdiction over Meng Wanzhou’s actions in Hong Kong

The case showed that the US had wrongfully “given itself the power to regulate the conduct of Chinese nationals in Hong Kong”, van Ert said Meng is accused by the US of defrauding HSBC by lying to one ... ( read original story ...)

Posted on 31/03/2021

Lion Announces Unaudited Full Year 2020 Financial Results

As a result of the positive impact of the Hong Kong financial market, online-brokerage companies led the market in terms of growth, suggesting that the market is gradually tapping into the Company's ... ( read original story ...)

Posted on 30/03/2021

Bank of China, Agricultural Bank of China 2020 profits beat estimates thanks to fourth quarter rebound

Bank of China, Agricultural Bank of China beat analysts estimates with profit increases, thanks to a strong fourth-quarter rebound. ( read original story ...)

Posted on 30/03/2021

Hong Kong’s IPO market reaches historical high in terms of total proceeds for Q1 2021, finds KPMG analysis

Hong Kong's IPO market continued its strong momentum from the second half of last year, achieving a historic high in Q1 2021, with total funds raised hitting USD 13.9 billion*, according to KPMG's ... ( read original story ...)

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