HONG KONG (Reuters) - China Merchants Bank Co Ltd said on Friday its wealth management unit is expected to receive investment of 2.7 billion yuan ($414.80 million) from JPMorgan Asset Management ... ( read original story ...)
Bank Indonesia Holds Rate, Pledges More Support for Rupiah
Bank Indonesia kept the seven-day reverse repurchase ... chief Asean economist at HSBC Holdings Plc in Hong Kong. “BI will have to walk a fine line in coming months if global yields continue ... ( read original story ...)
Shenzhen Plans to Be a Duty Free Retail Hub
But some experts argue the Hong Kong can also be benefit from the Greater Bay Area plan. According to McKinsey’s China Consumer Survey 2020, mainlanders still favour Hong Kong as a travel and shopping ... ( read original story ...)
China’s crackdown on Jack Ma has come to Hong Kong’s paper of record
Staff worry the publication will be sold to a Chinese state-owned entity, giving Beijing direct control of the outlet. ( read original story ...)
China’s Didi Chuxing is eyeing a mega-IPO next quarter that values the ride-hailing service above $62 billion, report says
Didi is targeting an IPO as early as this summer at a valuation above the $62 billion it secured in its last funding round, Bloomberg said. ( read original story ...)
The Litmus Test for Hong Kong’s Financial Future
The fate of Hong Kong’s most popular fund will be a critical bellwether for the city’s ability to keep its status as a global financial hub. ( read original story ...)
Financial bypass surgery set for legacy banking tech
Failing to keep pace with the changes ushered in by open banking, coupled with generational shifts in consumer expectations is an existential threat to big banks still powered by legacy technology. ( read original story ...)
As democracy fades, Hong Kong’s political opposition become political prisoners
Beijing's dismantling of Hong Kong's autonomy is all but complete. Those who dared challenge its authority now face years in prison. ( read original story ...)
14 days of isolation: What life is like inside a Hong Kong COVID quarantine camp
After several people at her gym tested positive for COVID-19, a London, Ont., woman living in Hong Kong was whisked off to a government quarantine camp even though she tested negative for the ... ( read original story ...)
Didi Accelerates IPO Plans as Business Rebounds
Based on a common 15% float for mega IPOs in Hong Kong, one potential venue, Didi could raise roughly $9 billion in what would be one of the largest tech debuts globally in 2021. The company hasn’t ... ( read original story ...)
Hong Kong’s Richest Person Sees Profit Drop Amid Pandemic Woes
Li Ka-shing’s flagship firms reported that their annual profits were dragged down last year due to the “unprecedented challenges” of the pandemic. ( read original story ...)
Hong Kong health authorities defend practice of tying infants, children to quarantine beds
Some parents have alleged that their infant children were tied to beds in quarantine wards to stop them from moving around. ( read original story ...)
Hong Kong’s fragile coral reefs boosted by 3D printing
A marine scientist diver from the University of Hong Kong swims above a cuttlefish protecting her eggs inside an artificial 3D-printed clay seabed ... ( read original story ...)
Experience Hong Kong from home: 6 destinations you can virtually tour
Experience from the comforts of your home a variety of Hong Kong moments you can dive into and virtually tour. Don’t know where and how to start? You’re in the right place! This list of immersive ... ( read original story ...)