Background on the Delay 40% of Ant Group’s revenue comes from its CreditTech unit, which includes the Zhima Credit unit, credit rating, Ant Credit, and Ant Cash Now. ( read original story ...)
Market debut of Chinese e-finance giant Ant Group postponed
The planned stock market debut of the world's biggest online finance company, Ant Group, was suspended in Shanghai and Hong Kong on Tuesday, disrupting a record-setting ... ( read original story ...)
Hong Kong customs officials net shipment of nearly 8,000 hairy crabs, pinch driver on suspicion of smuggling
Hong Kong customs has confiscated nearly 8,000 hairy crabs and arrested one person on suspicion of smuggling at a border checkpoint in a record seizure of the popular delicacy. The stock of 7,700 ... ( read original story ...)
Clarks to get £100m investment from Hong Kong’s LionRock
Kong based private equity firm LionRock Capital is set to acquire a majority stake in troubled shoemaker Clarks against its investment. ( read original story ...)
Hong Kong confirms three new Covid-19 cases, including two linked to growing Mui Wo staycation cluster
Hong Kong has recorded three new Covid-19 cases as a cluster linked to a staycation holiday in Mui Wo continues to grow. No local infections of unknown sources were recorded on Wednesday, according to ... ( read original story ...)
HK companies seek business opportunities in mainland via CIIE
Courtesy of HKTDC Hong Kong companies attending the third China International Import Expo (CIIE) are eyeing a new role in the country's dual circulation strategy and seeking a buffer zone from the ... ( read original story ...)
Hong Kong working with China, Thailand central banks to promote digital currencies, cross-border trade
Hong Kong Monetary Authority (HKMA) said it has been working with China's central bank and other regional monetary authorities on how to use digital currencies and trade platforms for fostering ... ( read original story ...)
Hong Kong protester cleared of Christmas Day assault after magistrate decides policeman ‘did not tell truth’
A man accused of pushing a Hong Kong policeman during an anti-government protest on Christmas Day has been cleared of the charge, after video footage showed the officer bumping him. Magistrate Jocelyn ... ( read original story ...)
Last-Minute Ant IPO Suspension Is a Communist Show of Strength
Despite gaining regulatory approval, it's a message to management that it only operates at the behest of the Communist Party. ( read original story ...)
‘It’s a joke’: retail investors shocked as China halts Ant Group’s IPO
Mom-and-pop investors who put in bids worth a record $3 trillion (2.3 trillion pounds) in China's Ant group - equivalent to Britain's annual economic output - were stunned after regulators abruptly ... ( read original story ...)
Hong Kong stocks slip in volatile trade ahead of U.S. election outcome
Hong Kong stocks ended lower on Wednesday in volatile trading, after early results from the U.S. presidential election proved far closer than polls had predicted. ** The Hang Seng index fell 0.2% to ... ( read original story ...)
Ant to refund US$167.7 billion to 1.55 million Hong Kong investors in two batches after IPO is suspended
Refunds will be given to the 1.55 million Hong Kong investors in two batches; some brokers plan to waive interest on IPO loans. ( read original story ...)
AXA Hong Kong and HSBC jointly launch ResidenceSurance
At AXA Hong Kong and HSBC, we are committed to raising the awareness of the importance of home insurance in protecting property among Hongkongers and we understand that homeowners, landlords and ... ( read original story ...)
Hong Kong stocks slip as Ant IPO woes slam Alibaba and fintech peers, Trump’s election gains rattle Chinese chip makers
Hong Kong stocks slid from a two-month high after a shock decision to suspend Ant Group's record-breaking IPO punished Alibaba Group Holding and other fintech peers on regulatory tightening risks. ( read original story ...)