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Posted on 29/03/2023

Lalatech, the start-up behind Lalamove logistics service, files for Hong Kong IPO after turning its back on New York

On-demand logistics start-up Lalatech, which operates Lalamove and Houlala, files application to list on the Hong Kong stock exchange The Lalamove operator had considered a US IPO two years ago, but ...

Posted on 29/03/2023

Alibaba shares soar 15% in Hong Kong on news of major overhaul

Hong Kong-listed shares of Alibaba climbed at the open on Wednesday after the company announced a significant overhaul to split its company into six business groups. The company in its announcement ...

Posted on 29/03/2023

Chubb and Hang Seng sign 15-year bancassurance deal

Hang Seng Bank and Chubb have signed a 15-year exclusive general insurance distribution agreement that sees the insurer providing the Hong Kong bank’s customers with its range of personal and ...

Posted on 29/03/2023

Fintech, lifestyle products can help Korea grow trade ties with Hong Kong: city’s trade promotion chief in Korea

Korea and Hong Kong are seeking to capitalize on the rapid growth of technologies used to improve financial services from banking to blockchain, wealth management, insurance and investment. "During ...

Posted on 29/03/2023

Hong Kong’s last governor Lord Patten says ‘demeaning and delusional’ for UK to soften China criticism over trade fears

Lord Patten has spoken exclusively to Sky News during a London summit for Hong Kongers who have come to live in the UK due to Beijing's increasingly strong grip on Hong Kong.

Posted on 29/03/2023

Hong Kong Sets Sights On Crypto Dominance With Unprecedented Move To Ease Financing For Virtual Assets

What Happened: The Hong Kong Monetary Authority (HKMA) and the Securities and Futures Commission (SFC) are jointly organizing the session "to facilitate direct dialog" and "share practical experiences ...

Posted on 28/03/2023

Shanghai exchange cancels Syngenta IPO hearing -filing

HONG KONG, March 28 (Reuters) - The Shanghai Stock Exchange has cancelled a hearing to review Swiss agrichemicals and seeds group Syngenta's initial share offering (IPO) plan, a filing posted on the ...

Posted on 28/03/2023

Hong Kong Shares Rise 0.6% Amid Improved Sentiment

Hong Kong’s Hang Seng Index was 0.6% higher at 19688.31, as investor concerns over the health of the banking sector eased after news that a U.S. regional lender was buying large parts of Silicon ...

Posted on 28/03/2023

Hong Kong gets inaugural US$350 million catastrophe bond listing in boost to global risk management hub ambitions

Listing of the World Bank catastrophe bond reflects Hong Kong's growing attractiveness as a platform for international issuers looking to access the region's deep and diverse funding pool, HKEX's ...

Posted on 28/03/2023

Inaugural InnoEX Promoting Hong Kong’s Innovation and Technology Development

At a press conference held today to introduce this year's technology exhibitions, Ms. Sophia Chong, Deputy Executive Director of the HKTDC, said: "HKTDC is committed to promoting innovation and ...

Posted on 28/03/2023

Outlook for Hong Kong’s property market brightens as end of interest rate increases in sight, analysts say

Overall home sales in Hong Kong could reach 66,000 units this year, up from 45,000 last year, analyst says Major Hong Kong banks left their best lending rate unchanged even after the Hong Kong ...

Posted on 28/03/2023

Alibaba to split into 6 companies, pursue IPOs in major shakeup

HONG KONG -- Chinese e-commerce group Alibaba Group Holding will reorganize into six business groups and pursue public listings for five of them, in the most significant governance overhaul since the ...

Posted on 28/03/2023

Alibaba to split into 6 groups, separate IPOs expected

Alibaba announced Tuesday that it would split into six business groups in one of the most significant overhauls of a leading Chinese tech firm to date.The Hangzhou-based firm is one of China's most ...

Posted on 28/03/2023

Easing Bank Concerns Firm Up Asian Stock Markets

reported the Bank of Japan. The Hong Kong Hang Seng Index opened evenly and rose to the close, finishing up 1.1% as tech and property sectors gained. The broad gauge Hang Seng rose 216.96 to 19,784.65 ...

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