Category: FINANCE

Shares of the Hong Kong-listed web giant have plunged over 20% since their January high, wiping out more than $200 billion in market value as Beijing made clear its intention to clampdown on the once ... ( read original story ...)

NetDragon Websoft Holdings Limited ("NetDragon" or the "Company"; Hong Kong Stock Code: 777), a global leader in building internet communities, today announced its financial results for fiscal year ... ( read original story ...)

China's top ride-hailing firm Didi Chuxing is leaning toward picking New York over Hong Kong for its initial public offering (IPO), eyeing a valuation of at least $100 billion via the float, two ... ( read original story ...)

Another envoy described the move as "bordering on belligerent" and said it was not the way Hong Kong, generally mindful of the city's standing as an international financial hub, has traditionally ... ( read original story ...)

Hong Kong’s Hang Seng index edged up on Thursday, as gains in financials and consumer stocks offset the impact of a tech rout following overnight Nasdaq losses, after the U.S. securities regulator ... ( read original story ...)

Tech giants from Tencent Holdings Ltd. to Alibaba Group Holding Ltd. dived after U.S. regulators revived threats to toss China’s largest corporations off U.S. bourses, compounding concerns of a ... ( read original story ...)

Tencent and Alibaba slid more than 5 per cent in Hong Kong Thursday before paring losses, joining a U.S. selloff that wiped more than 20 per cent off Chinese tech names ... ( read original story ...)

The Hang Seng finished sharply lower on Wednesday following losses across the board - especially from the technology stocks, casinos and oil companies. For the day, the index plummeted 579.24 points ... ( read original story ...)

Backed by SBI Group, SBI-BANCO is the first blockchain-oriented end-to-end "Deep-Tier Supply Chain Finance Platform" that has been successfully launched in APAC, enabling access to financing for SMEs ... ( read original story ...)

Financial crimes are on the up and financial institutions are reacting to this by expanding their teams in both anti-money laundering (AML) and counterterrorism funding financing (CTF). Looking ahead, ... ( read original story ...)

AIA Group Ltd. has agreed to buy the life insurance unit of Bank of East Asia Ltd. and ink a distribution partnership with the Hong Kong-based lender in a HK$5.07 billion ($653 million) deal.As part ... ( read original story ...)

Secretary for Financial Services & the Treasury Christopher Hui stated that while the Government strives to make available mitigation measures for society, it also needs to maintain a certain level of ... ( read original story ...)

Hong Kong authorities halted the use of a COVID-19 vaccine developed by Germany's BioNTech on Wednesday, citing defective packaging, in a move that triggered scenes of confusion in inoculation centres ... ( read original story ...)

Hong Kong’s benchmark stock gauge slumped into a technical correction as the city’s temporary suspension of BioNtech vaccinations fueled worries over the pace of its recovery from the pandemic. ( read original story ...)