The amount of money deposited in Hong Kong’s banks jumped in the first nine months of this year as investors targeted a series of hotly-anticipated initial public offerings (IPOs) in the city, a trend ... ( read original story ...)
Alibaba-Backed Huitongda May Delay $1 Billion Hong Kong IPO
Huitongda Network Co., an e-commerce platform that serves rural China, is considering delaying its planned Hong Kong initial public offering to next year, according to people familiar with the matter. ( read original story ...)
Hong Kong police arrest 32 for selling their bank accounts to scammers who used them to launder US$1.2 million
Twelve domestic helpers were among the five men and 27 women arrested when police mounted an operation against cyber deception in Western district. ( read original story ...)
Hong Kong seizes record $154 mn in luxury goods headed to China
Hong Kong customs announced a record seizure on Friday of luxury goods that were headed to mainland China on a river barge in the latest operation to target an explosion of cross-border smuggling. ( read original story ...)
Is Hong Kong’s status as Asia’s financial capital at risk?
With the 2019 protests and imposition of the National Security Law, plus Covid-19 border closures, is Hong Kong's label as Asia's financial capital at risk? Katie Silver reports ... ( read original story ...)
Exclusive: Hong Kong’s PAG seeking to raise $9 billion with new buyout fund -sources
HONG KONG (Reuters) - Asia-focused investment firm ... when levels ranged between $150 million to $230 million. Yahoo Finance Video ... ( read original story ...)
Huobi Tech Discusses Virtual Asset Investments at Private Wealth Asia Forum in Hong Kong
HONG KONG, Oct. 29, 2021 /PRNewswire/ -- Huobi Technology ... according to a new report from McKinsey & Company. When addressing the question of whether alternative asset investments, including ... ( read original story ...)
Hong Kong Exits Top Three Global IPO Venues as China Clamps Down
with Hong Kong no exception. Thanks to the first six months, 2021’s IPO haul in the city is still the highest ever for this period. Activity, however, slowed sharply in the third quarter with just ... ( read original story ...)
EXCLUSIVE Hong Kong’s PAG seeking to raise $9 bln with new buyout fund -sources
financial and business services sectors. PAG is planning to list a merged entity of two Chinese industrial gases portfolio companies - Yingde Gases and Shanghai Baosteel Gases offshore, most likely in ... ( read original story ...)
Hong Kong Stock Market Expected To Snap Losing Streak
The Hang Seng Index now rests just ... Hang Lung Properties spiked 1.86 percent, Hong Kong & China Gas sank 0.51 percent, Industrial and Commercial Bank of China and Xiaomi Corporation both ... ( read original story ...)
Hong Kong doubles down on Covid restrictions to fall into line with mainland China
Carrie Lam appears willing to sacrifice city’s reputation as an international business centre to please Beijing’s push for zero Covid ... ( read original story ...)
Police find body of solo hiker on Hong Kong hillside days after he set off alone
He was found dead in the area four days later. Last month, the body of Shou Fugang, 59, former chairman of Bank of Communications (Hong Kong), was found at Tam Chai Shan, also known as Mount Hallowes, ... ( read original story ...)
AM Best Affirms Credit Ratings of Bank of China Group Insurance Company Limited
HONG KONG, October 28, 2021--(BUSINESS WIRE)--AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of "a-" (Excellent) of Bank of China Group ... ( read original story ...)
Hong Kong housewife swindles finance firms out of US$4 million by using forged documents to mortgage homes owned by in-laws, ex-clients
A Hong Kong housewife on Thursday admitted swindling more than HK$32 million (US$4.1 million) from financial institutions and lenders by using forged legal documents to mortgage properties owned by ... ( read original story ...)