Local authorities in Luohu, a district of Shenzhen on the crossing between Hong Kong and the mainland, installed China’s first digital yuan hard wallet dispenser machines on Feb. 18, which are open ...
Bank of East Asia launches Mainland account opening service for Hong Kong residents
The service is offered in 15 designated BEA branches across Hong Kong. The Bank of East Asia (BEA) has launched a service that enables Hong Kong permanent residents to open a bank account with BEA ...
Hong Kong stocks surrender part of rally as China recovery stirs inflation while Country Garden slips on boardroom moves
Hong Kong stocks dropped amid concerns a stronger than expected recovery in China’s economy will stoke inflation and limit the room for policymakers to inject fresh stimulus. The Hang Seng Index lost ...
Property developer China Vanke raises nearly $500 mln in Hong Kong share sale
China Vanke Ltd said on Thursday it had raised $498.2 million by selling 300 million shares at HK$13.05 ($1.66) each, in the first test of investor appetite towards a mainland developer share sale in ...
Shareholders demand vote on spinning off HSBC Asia
Hong Kong-based minority investors in HSBC are demanding a vote at the bank’s annual meeting in May on whether it should devise a formal plan to boost returns by spinning off its lucrative Asia ...
Property developer China Vanke to raise $500 million via share placement – term sheet
Major Chinese property developer China Vanke is selling 300 million new H-shares at HK$12.93 to HK$13.20 apiece in a placement on Wednesday to raise around $500 million, according to a term sheet seen ...
Property developer China Vanke to raise $500 mln via share placement – term sheets
China Vanke Co Ltd is seeking to raise around $500 million via a new share placement in Hong Kong, according to term sheets seen by Reuters, in a first major test of offshore investor appetite for ...
On its first day free of masks, Hong Kong is in no rush to take them off
Masks are no longer required indoors or out in the Chinese territory, but residents used to wearing them everywhere for years may find it a difficult habit to break.
US 30-Year Mortgage Rate Rises to Highest Since Mid-November
US mortgage rates increased last week to the highest since mid-November, pushing down a gauge of home-purchase applications to the lowest level in nearly three decades.Most Read from BloombergHow to ...
HSBC activist shareholder demands AGM vote on Asia business spin-off
HONG KONG/LONDON (Reuters) - HSBC's most vocal minority investors are demanding a vote at the global lender's 2023 shareholder meeting in May on whether it should devise a formal plan to boost returns ...
China digital currency: Shenzhen lures Hong Kong tourists to use e-CNY with shopping discounts
China is hoping to drive cross-border use of its sovereign digital currency by offering shopping discounts to tourists from Hong Kong who open and pay with e-CNY wallets in the southern technology hub ...
Property developer China Vanke to raise $500 mln via share placement – term sheet
Major Chinese property developer China Vanke is selling 300 million new H-shares at HK$12.93 to HK$13.20 apiece in a placement on Wednesday to raise around $500 million, according to a term sheet seen ...
Self-driving firm iMotion weighs US$300 million Hong Kong IPO, sources say
IMOTION Automotive Technology Suzhou, a developer and provider of artificial intelligence (AI) automated driving solutions, is considering a Hong Kong initial public offering (IPO) that could raise ...
Hong Kong police question villagers in hunt for evidence as search for Abby Choi’s missing body parts draws blank
Police are also searching a landfill in Ta Kwu Ling for the missing body parts of Abby Choi, but in vain so far.