Independent director Irene Lee to replace Raymond Ch’ien as chairman following Hang Seng Bank’s annual meeting in the second quarter. ( read original story ...)
Chinese Telecoms Dented in Hong Kong as NYSE Moves to Remove Them
The New York Stock Exchange will delist China Mobile, China Telecom and China Unicom - all top 20 telecoms globally - by January 11. ( read original story ...)
Nongfu Spring, Blue Moon and Smoore – popular IPOs that provided outsized gains to investors in 2020
The success of Nongfu’s IPO turned its founder into China’s richest individual, while the chairwoman of Blue Moon became one of the mainland’s richest women. ( read original story ...)
BOC Hong Kong (OTCMKTS:BHKLY) Stock Price Down 2.6%
BOC Hong Kong (Holdings) Limited (OTCMKTS:BHKLY) shares were down 2.6% on Friday . The company traded as low as $60.13 and last traded at $60.13. Approximately 1,218 shares changed hands during ... ( read original story ...)
US sanctions have no legal effect on the mainland and Hong Kong: China’s banking regulator
US sanctions have no legal effect on the Chinese mainland and in Hong Kong, the China Banking and Insurance Regulatory Commission (CBIRC) addressed in its statement on Thursday, stressing that ... ( read original story ...)
Hong Kong customs seized HK$4.6 billion in dirty money in 2020, as launderers were forced to adapt to Covid-19
Hong Kong customs officials seized HK$4.6 billion (US$593.3 million) in dirty money in 2020 – a four-year high – as transnational rackets turned to novel methods for smuggling cash into the city and ... ( read original story ...)
How Hong Kong can reboot its economy amid the devastation of coronavirus and social unrest
The government must invest in projects employing local labour, to turn around public sentiment. Hong Kong can’t afford to wait for the free market to act, or for tourists to return. Other priorities ... ( read original story ...)
Hong Kong facing ‘long dark age’ of crackdowns, exiled pro-democracy activist warns
Hong Kong is entering a "long dark age" with further crackdowns over the coming months, a leading pro-democracy activist living in political exile in the UK has said. Ted Hui, a former lawmaker in ... ( read original story ...)
Funding relief for Hong Kong athletes as Sports Institute continues support despite lack of activity in 2020
Financial support is based on performances at international events but the Institute wants athletes to focus on the Tokyo Olympics without worrying about funding. ( read original story ...)
Ant’s record IPO refund causes Hong Kong’s dollar deposits to fall by HK$1 trillion in November, slows hot money inflow
The suspension of Ant Group's jumbo IPO in November caused deposits in Hong Kong's banking system to fall sharply during the month and led to a slow down of hot money inflow into the city, Hong Kong ... ( read original story ...)
Hong Kong opposition abandons plans to form platform for cross-party cooperation amid national security law threats
The Hong Kong Citizens’ Deliberative Platform had aimed to unite the city’s opposition factions, but a high-ranking official last week said it could violate the national security law. ( read original story ...)
How Financial Disclosure Helps Companies Tell Their Story And Build Their Brand
As we ring in the new year, Asian companies should consider better environmental disclosure, including exposure to risk from the changing climate, among their 2021 resolutions. ( read original story ...)
HK should leverage CBDC to gain digital finance leadership
China is now playing a leading role in the development of Central Bank Digital Currency, or CBDC, while many countries around the world have also shown increasing interest in it. For example, Sweden ... ( read original story ...)
Hong Kong Growth Stocks Including Alibaba Continue Year-End Rise
Hong Kong volume leaders were Tencent, which rose +5.47%, Alibaba Hong Kong, which was up +6.4%, Meituan, which gained +5.27%, Xiaomi, which rose +0.46%, Semiconductor Manufacturing, which was up +11. ( read original story ...)