China-headquartered WuXi XDC, the contract medical researching unit of WuXi Biologics (Cayman) , said on Tuesday it intended to raise up to HK$3.68 billion ($470.56 million) in one of Hong Kong's top ...
Danger still exists for borrowers, lenders in Hong Kong
Thanks to the US dollar currency peg, rates in Hong Kong should hold steady, too. That should bring some relief to long-suffering mortgage holders. Fed chief Jay Powell has described the US central ...
Alibaba’s Cainiao makes buyout offer for local rival Best ahead of planned blockbuster Hong Kong IPO
Chinese logistics firm Best recives buyout offer from consortium including existing investor Cainiao, the Alibaba logistics arm planning a US$1 billion IPO in Hong Kong.
China lent $1.34 trln in 2000-2021, focus shifts from Belt and Road to rescue finance-report
Chinese financial institutions lent $1.34 trillion to developing countries from 2000 to 2021, U.S. researchers at AidData said in a report that showed the world's biggest bilateral lender switching ...
Guests at Bored Ape event in Hong Kong struck by vision problems
More than a dozen attenders of NFT group’s festival, which used ultraviolet light, complained of ‘eye burn’ on social media ...
China’s Vice-premier He Lifeng to headline Hong Kong bankers’ summit, hot on heels of appointment to lead top finance body
He will participate virtually and three top mainland Chinese regulators will attend in person for the first time as the Global Financial Leaders’ Investment Summit gets under way on Tuesday, ...
Prudential: Hong Kong drives new business profits up 37 per cent as Asia strategy credited
Insurance giant Prudential’s new business profit rose to ($2,14bn) £1.7bn in third quarter, which was a 37 per cent increase on the same period for 2022 as the firm credits its new strategy.
Hong Kong regulator issues tokenized investments requirements amid demand
Providers are expected to take full responsibility for their tokenized products and ensure effective record-keeping, large risk appetite, and demonstrate operational soundness, among other factors.
Hong Kong minibus drivers cry foul over higher cross-harbour tolls from next month, as lawmaker warns fee rise could put operators out of business
Minibus Union chief warns launch of time-varying tolls at three cross-harbour tunnels could deter commuters from using pricier transport services 'Most of us do five round trips a shift, which means ...
Hong Kong to allow retail access to spot crypto ETFs
Hong Kong is considering the introduction of exchange-traded funds (ETFs) that invest directly in cryptocurrencies.
New Legislation Holds Hong Kong Judges & Prosecutors Feet To The Fire
New legislation urging the sanctioning of nearly 50 judges and prosecutors in Hong Kong is the latest congressionally led measure designed to up the ante on the Hong Kong government. The bicameral, bipartisan legislation introduced by Senators Dan Sullivan ...
Hong Kong treats top bankers to lavish banquet, cultural show to launch Global Financial Leaders’ Investment Summit
The HKMA hosted 300 global bankers at the Palace Museum in the lead up to the second edition of its Global Financial Leaders’ Investment Summit that takes place over the next two days.
Why the world’s top bankers are gathering in Hong Kong
Hong Kong’s role is as a gateway to China, but many US investors have changed their tune on the country. “When we used to go [to the US], everyone wanted to talk about China,” said one senior Hong Kong-based executive who advises investment firms. Now, “it’s almost an uncomfortable topic — they try to change ...
Hong Kong pair Tang and Tse end 4-year wait for badminton mixed doubles title, eye World Tour Finals place
Mixed doubles pair Tang Chun-man and Tse Ying-suet win Germany Open for first title since Korea Masters in 2019. Rankings boost puts duo in reach of place in World Tour Finals.