One of the pioneers of blank-check companies in Hong Kong is urging local regulators to relax rules in order for more listings to happen, acquisitions to materialize and liquidity to improve.
HSBC hits back at top shareholder’s sharpest call to split bank
Ping An publicly called for the creation of “a separately listed Asia business” for HSBC in a statement on Tuesday. Read more at straitstimes.com.
There Are 94 IPOs in the Pipeline in Hong Kong. Which Firms Have the Lion’s Share of the Work?
Funds raised from new share listings in Hong Kong in the first quarter of this year fell a massive 52% year-on-year, and fewer than 20 companies raised $837 million via Hong Kong IPOs in that time.
New box jellyfish found near Hong Kong in 1st discover of the venomous species in China’s waters
A new jellyfish named Tripedalia maipoensis was found in China’s waters near Hong Kong. The species is colorless, cube-shaped, and can swim faster than other kinds of jellyfish.
Bank failures made in America damage the entire world
The bank failures in the United States and Europe have triggered a debate on the causes and consequences of the banking crisis. The crisis has also prompted some populist social media to claim that ...
Hong Kong digital asset platform OSL to launch personalised AI trading bot
One of Asia’s largest digital asset platforms has launched a prototype artificial intelligence (AI) trader bot as the digital asset space quickly adapts to the hot new technology.
Hong Kong to target investors in I&T firms with revamped immigration scheme
Undersecretary for Financial Services and the Treasury Joseph Chan says government in process of finalising details of scheme set to launch later this year But lawmakers call for clear definition of ...
Hong Kong Eyes Capital-Hungry Tech Startups, But Risks Welcoming Investment Duds
Hong Kong’s new listing rules for “specialist technology companies” allow startups without any revenue to list if they meet a minimum market capitalization requirement Newly listed companies with ...
Hong Kong Court Declares Crypto as Property in Case Involving Defunct Gatecoin
The ruling would give Hong Kong liquidators more clarity on how to treat crypto assets caught up in winding down procedures, law firm Hogan Lovells said.
Hong Kong High Court recognizes cryptocurrency as property for the first time
Hong Kong has taken the lead in improving cryptocurrency regulations for digital assets and exchanges within the city. Recently, the High Court of Hong Kong made a landmark ruling by declaring ...
Alibaba’s Grocery Arm Gears Up for Hong Kong IPO
Freshippo, the Alibaba Group Holding Ltd. grocery chain known for selling cooked lobsters and grouper freshly chosen from fish-tanks in the store, has started preparations for a Hong Kong initial ...
Hong Kong Interbank Liquidity Set to Hit Lowest Since 2008
Hong Kong’s interbank liquidity is falling toward its lowest level since the global financial crisis, as a wide gap between local and US interest rates forces the Asian financial hub to use frequent ...
Hong Kong’s cash dwindles to 15-year low, putting pressure on banks to raise interest rates to stem booming carry trade
The Wednesday intervention will bring the aggregated balance below HK$50 billion threshold to HK$49.23 billion the lowest since 2008 The low balance reflect low liquidity in the banking sector and may ...
Why China is struggling with international travel—geopolitical tensions, economic timidity
China’s ambitions to restart business as usual hinges on their ability to manage increasingly fraught relations with the US, Europe, and the rest of the world.