Category: FINANCE

JD.com is offering a timely reminder of why big technology firms are valuable to Beijing. The e-commerce giant’s healthcare arm has priced shares in its initial public offering at a reasonable 13 ... ( read original story ...)

Shares of Evergrande Property Services 6666.HK have opened at HK$8.84 as the stock makes it debut on Wednesday on the Hong Kong Stock Exchange, up 0.45% from the IPO price. The company, a unit of ... ( read original story ...)

Hong Kong media mogul Jimmy Lai refused to admit wrongdoing in the fight for freedom during an exclusive interview on “Mornings with Maria” on Tuesday. Lai, the founder of Hong Kong media company ... ( read original story ...)

JD Health International Inc. raised HK$27 billion ($3.5 billion) after pricing Asia’s biggest health-care initial public offering at the top end of a marketed range, people with knowledge of the ... ( read original story ...)

Hong Kong shares rose on Tuesday after data showed rapid acceleration in factory activity in China, as the world’s second-largest economy rebounded to pre-pandemic levels, and as investors continued ... ( read original story ...)

In the weeks leading up to the planned public offering from Ant, the Chinese fintech group controlled by billionaire and Alibaba founder Jack Ma, bankers in Hong Kong radiated confidence. Here, the ... ( read original story ...)

Hong Kong has set up a hotline for residents to report parties aboard yachts and rented party boats, as the financial hub tightens social-distancing rules to contain a surge of virus cases. ( read original story ...)

Global banks in Hong Kong, from Goldman Sachs Group Inc. to Standard Chartered Plc, have reversed a back-to-office push as virus cases surge in the Asian finance hub. ( read original story ...)

Hong Kong leader Carrie Lam on Tuesday again urged residents of the densely populated city to stay at home and avoid unnecessary family gatherings as the global financial hub scrambles to contain a ... ( read original story ...)

The delay in Ant Group's IPO has led some analysts to slash its valuation estimate in half, according to Bloomberg. ( read original story ...)

The U.S. arm of HSBC has performed very poorly in recent years, and the bank now may be thinking about selling its retail-banking and wealth-management operations. ( read original story ...)

Secondary sanctions, applied to institutions that deal with individuals targeted by the U.S. government, are powerful weapons that international lenders fear. ( read original story ...)

The chances that Jack Ma’s Ant Group Co. will be able to revive its massive stock listing next year are looking increasingly slim as China overhauls rules governing the fintech industry, according to ... ( read original story ...)

Hong Kong stocks fell more than 2% on Monday on worries over Sino-U.S. tensions, although hopes for a vaccine-led global economic recovery next year, and strong China data helped the market post its ... ( read original story ...)