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Category: FINANCE

Posted on 22/12/2020

Hong Kong shares end lower on worries over new coronavirus strain

Hong Kong stocks fell on Tuesday, tracking losses in its regional peers, as investors fear a highly infectious new coronavirus strain detected hit Britain could hurt global economic recovery. ( read original story ...)

Posted on 22/12/2020

Jacobio Pharmaceuticals CEO on Hong Kong IPO, Biotech

Dec.21 -- Wang Yinxiang, chairman and chief executive officer at Jacobio Pharmaceuticals Group Co. Ltd, discusses the company’s IPO on Monday, what they’re planning to do with the funds and his ... ( read original story ...)

Posted on 22/12/2020

Analysis: New blank-check firms arm up for Asian unicorn hunt

A new fundraising frenzy that swept Wall Street this year looks set to take hold in Asia with more than a dozen special purpose acquisition companies, or SPACs, on the hunt for fast-growing technology ... ( read original story ...)

Posted on 22/12/2020

Continued Consolidation Predicted For Hong Kong Shares

The Hong Kong stock market has finished lower in back-to-back sessions, retreating more than 370 points or 1.4 percent along the way. The Hang Seng Index now sits just above the 26,300-point plateau ... ( read original story ...)

Posted on 22/12/2020

Jack Ma reportedly tried and failed to schmooze China with an offer to give ‘any of the platforms Ant has’ to the government before officials pulled its $37 billion IPO

Chinese billionaire Jack Ma's reported offer came after he publicly scorned the government and before China pulled Ant's groundbreaking IPO. ( read original story ...)

Posted on 21/12/2020

Kuke Music hopes to be third-time lucky with its New York initial public offering after two attempts failed in Hong Kong

Kuke Music’s offshore listing is back on track in New York, after previous attempts to list in Hong Kong fail. ( read original story ...)

Posted on 21/12/2020

{Hot Stocks}HSBC HOLDINGS quoted at HK$39.85, down 3.16%

[ET Net News Agency, 21 December 2020] HSBC HOLDINGS (00005) fell 3.16% to HK$39.85. It hits an intra-day low of HK$39.8, and an intra-day high of HK$40.6. The active selling orders account for 72% of ... ( read original story ...)

Posted on 21/12/2020

Hong Kong stocks slip after US expands China blacklist and concerns over Covid-19 crisis

Hong Kong stocks post early losses as China promises countermeasures against the US decision to add more Chinese companies to its trade blacklist, including chip maker SMIC and drone maker SZ DJI ... ( read original story ...)

Posted on 21/12/2020

Hong Kong stocks slip on worsening US-China ties as blacklist grows, concerns over Covid-19 fallout

Hong Kong stocks post early losses as China promises countermeasures against the US decision to add more Chinese companies to its trade blacklist, including chip maker SMIC and drone maker SZ DJI ... ( read original story ...)

Posted on 21/12/2020

Hang Seng Index reshuffle underscores China influence in Hong Kong

A change of lineup in Hong Kong's benchmark stock index on Monday underscores China's increasing clout in the regional financial hub and will give global investors even bigger exposure to the world's ... ( read original story ...)

Posted on 21/12/2020

Hong Kong church that helped protesters sees bank accounts frozen, allegedly in relation to crowdfunding campaign

At least three HSBC accounts affiliated with a Hong Kong Christian church have been frozen, a move the organisation called an "act of political retaliation" for its support for protesters during last ... ( read original story ...)

Posted on 21/12/2020

Hong Kong Stock Market May Spin Its Wheels On Monday

(RTTNews) - The Hong Kong stock market on Friday snapped the two-day winning streak in which it had climbed more than 470 points or 1.8 percent. The Hang Seng Index now sits just beneath the ... ( read original story ...)

Posted on 20/12/2020

China’s central bank to issue 10 billion yuan of bills in Hong Kong

China's central bank plans to issue 10 billion yuan (US$1.53 billion) worth of bills in Hong Kong on Wednesday (Dec 23). ( read original story ...)

Posted on 20/12/2020

Hong Kong art and collectibles platform Oriental Culture hopes Nasdaq IPO will burnish its image, give sector credibility

The government should grow Hong Kong as a hub for Chinese artefacts such as vintage stamps and Kweichow Moutai spirits, CEO of art and collectibles platform Oriental Culture says. ( read original story ...)

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