A drop in the currency on Thursday to levels last seen in December was followed by the People’s Bank of China setting the reference rate ... chief China economist at Credit Agricole CIB in Hong Kong. ... ( read original story ...)
Bilibili closes lower on first day of trade in Hong Kong as Chinese tech stocks face pressure
Bilibili raised around $2.6 billion in its Hong Kong secondary listing after pricing its shares at 808 Hong Kong dollars each. ( read original story ...)
Evergrande Sells Online Unit Stake for $2 Billion Before IPO
China Evergrande Group raised HK$16.4 billion ($2.1 billion) selling a stake in its online home and car sales platform ahead of a planned U.S. listing, in the latest move by the giant developer to tap ... ( read original story ...)
China’s SWIFT joint venture ‘defensive move’ against US refuted by former bank executive
A theory that China’s latest joint venture with the SWIFT financial messaging service is a defensive move against the United States has been refuted by a former Chinese bank executive, who insists the ... ( read original story ...)
From Fixing to Signaling, How China Manages the Yuan
Monitoring how the People’s Bank of China handles its “managed float” system for the foreign-exchange market isn’t easy: The central bank has various tools at its disposal, some public, some hidden. ( read original story ...)
Hong Kong to Shorten Quarantine for Low-Risk Countries
Hong Kong will cut mandatory hotel quarantine to 14 days from 21 for people coming from low-risk areas including Singapore, Australia and New Zealand, as the city works to reopen its pandemic-battered ... ( read original story ...)
Coronavirus: Hong Kong to offer tourism staff workers about 2,000 jobs at vaccination centres
Industry figure laments government offer as ‘pitiful’ but others in travel sector welcome the move. Full-time roles pay from HK$10,000 to HK$40,000, with minimum wage for part-time workers set at ... ( read original story ...)
Singapore studying Hong Kong’s proposal to reopen borders: Ong Ye Kung
Singapore is studying and will be responding "shortly" to a proposal from Hong Kong to reopen borders safely, Transport Minister Ong Ye Kung said on Monday (29 March) evening, after a plan for a ... ( read original story ...)
Chinachem Group Teams Up with HKSTP to Accelerate Smart City, Startup Development and Pilot-first Technology Adoption in Hong Kong
and Hong Kong Science and Technology Parks Corporation (HKSTP) today announced the launch of two dedicated programmes to support startups in the smart city space and drive Hong Kong's cutting-edge ... ( read original story ...)
Spotlight: Zachary Mason, Former Center ICE employee creating success in his own startup
North Star Tutors, Mason’s company, is a Fairbanks-based online tutoring service that offers educational tutoring, standardized test prep, and music lessons among a growing list of additional topic ... ( read original story ...)
Hong Kong: ‘Democracy has led to downward spiral’
Hong Kong's experiment with democracy has led to a "downward spiral" in the territory with unpatriotic elements pushing for independence, Regina Ip Lau Suk-yee, a member of Hong Kong’s Legislative ... ( read original story ...)
Bilibili debuts in Hong Kong at a discount, second IPO to fizzle in a week, as CEO blames ‘black swan’ slump in US-listed Chinese stocks
Chairman and chief executive officer Chen Rui, who controls 43.7 per cent of voting power, cited a US law to compel foreign companies to grant access to their financial audits as "black swan" event, ... ( read original story ...)
Bilibili slides below IPO price in Hong Kong as regulatory risks, US stock dumping hurt market debut
The stock falls to as low as HK$753 or a 6.8 per cent discount below its IPO price of HK$808 on its Hong Kong market debut. Its Nasdaq listed shares slumped 11 per cent last week to US$97.08. ( read original story ...)
Hang Seng Ping An Asian Income Fund Offers Investors Chance to Capture Long-term Growth in Asian Market
The Hang Seng Ping An Asian Income Fund# (the ‘Fund’) opened for public sale today. It provides investors with an opportunity to capture income and growth potentials in Asian markets amid current ... ( read original story ...)