Penalty-payers is one ranking no bank wants to top. Citigroup has just come in at No. 3 in Hong Kong with a HK$348 million ($44.7 million) fine for the 10 years to 2018 during which its cash equities ... ( read original story ...)
China fintech PingPong weighing US$1b Hong Kong IPO
HONG KONG] Chinese fintech startup PingPong is considering an initial public offering in Hong Kong to raise as much as US$1 billion, people with knowledge of the matter said. Read more at The Business ... ( read original story ...)
Industrial B2B startup Moglix’s valuation tops $2.6 bn with $250 mn funding
Early investors, who had bet on Moglix at the seed stage, have seen an 80x return on their investment in this B2B commerce firm ... ( read original story ...)
Hong Kong’s HashKey Group Raises $360M Blockchain Fund
Hong Kong's HashKey Group, the digital assets and blockchain arm of Chinese conglomerate Wanxiang Group, has received $360 million commitment from investors for its new fund. The fund will tap into ... ( read original story ...)
Hong Kong market watchdog fines Citi $45 million for equities misconduct
Hong Kong's market regulator has fined a Citigroup subsidiary HK$348.25 million ($45 million) for misconduct in its cash equities business and is launching disciplinary proceedings against some former ... ( read original story ...)
China’s new rules on overseas IPOs will apply to Hong Kong, securities regulator says
In an exclusive interview with CNBC, CSRC's international department director spoke about what new draft rules mean for Chinese companies wanting to list abroad. ( read original story ...)
Hong Kong Q4 GDP grows 4.8% y/y, Omicron curbs cast doubt over 2022
Hong Kong's economy lost some momentum in last year's final quarter, in which the city was largely COVID-19-free, preliminary data showed on Friday, and an unrelenting battle to stamp out Omicron ... ( read original story ...)
Hong Kong regulator fines Citi unit $45 million
Hong Kong's markets watchdog has fined a Citigroup unit HK$348.25 million ($44.68 million) for what it called serious regulatory failures over client facilitation activities, attributing the fault to ... ( read original story ...)
Exclusive: IPO-Bound Ola Raises $20 Mn From Hong Kong-Based Segantii Capital
Bhavish Agarwal-led which cab hailing service Ola Cabs is raising close to $20 Mn (INR 150 Cr) from Hong Kong-based Segantti Capital. ( read original story ...)
Hong Kong’s 14-day quarantine period ‘still too long for business travellers’
Business leaders have expressed disappointment at a decision by Hong Kong authorities to only ease the quarantine period for travellers entering the city to 14 days and extend Covid-19 ... ( read original story ...)
‘Whack-a-mole’: Experts call Hong Kong’s zero-COVID policy unsustainable
With thousands of people locked down in tiny apartments, government quarantine centres filling up and many businesses shuttered, Hong Kong is scrambling to sustain a zero-COVID policy that has turned ... ( read original story ...)
Hong Kong outbreak exposes flaws in 21-day quarantine policy
Hong Kong's U-turn on its mandatory three-week quarantine for arrivals follows growing scrutiny of the strict policy after a coronavirus outbreak was traced to a woman infected during her hotel stay. ( read original story ...)
Hong Kong cuts foreign arrival quarantine from 21 to 14 days
Hong Kong is a major hub for business and finance and the tight restrictions on foreign travel had drawn complaints, especially from the large expatriate community. The relaxation of rules doesn't ... ( read original story ...)
HK singer Chantel Yiu and Macanese celebs rap to push Bank of China HK’s digital Lai See
Bank of China (Hong Kong) has rolled out a video to celebrate the launch of a new digital lai see (red packet) function on the bank’s app and eWallet BoCPay, featuring singer Chantel Yiu and three ... ( read original story ...)