Uber Technologies Inc on Thursday halted a plan to move its Asian headquarters to Hong Kong in another business blow for the Chinese-ruled city, choosing to extend its stay in Singapore until at least ... ( read original story ...)
Jack Ma’s fintech Ant Group is planning a massive dual-listing IPO in Shanghai and Hong Kong, skipping New York (BABA)
Ant Group, the Chinese fintech founded by billionaire Jack Ma, is planning to go public in what could be one of the largest IPOs ever. In a ... ( read original story ...)
WeLab takes its virtual banking battle to Hong Kong’s bricks-and-mortar lenders with higher rates, rebates in opening salvo
WeLab Bank opened for business today after a three-month trial by dangling a 4.5 per cent annual rate on deposits from as little as HK$10 (US$1.30), it said on its debut. The firm will also offer a ... ( read original story ...)
UPDATE 1-Hong Kong June retail sales plunge 24.8% as spending, tourism evaporate
Hong Kong's retail sales plunged 24.8% in June from a year earlier, falling for the 17th consecutive month as the coronavirus pandemic slammed the brakes on tourism and spending in the city. ( read original story ...)
Hong Kong markets are ready to catch up with A-shares & US markets: Nan Fung Trinity
Nan Fung Trinity's Helen Zhu sees room for Hong Kong equities to pick up, especially as the Chinese economy recovers and the U.S. dollar weakens. ( read original story ...)
Hong Kong Retail Slumped Again in June Ahead of Virus Spike
Hong Kong’s retailers continued to struggle under difficult conditions in June as infections in the city started rising at the end of the month into a third wave of the pandemic that has curtailed ... ( read original story ...)
UPDATE 1-Uber halts move of Asia HQ to Hong Kong
Uber Technologies Inc on Thursday halted a plan to move its Asian headquarters to Hong Kong in another business blow for the Chinese-ruled city, choosing to extend its stay in Singapore until at least ... ( read original story ...)
Covid Weighs on Two of Hong Kong’s Biggest Retail Landlords
Two of Hong Kong’s biggest landlords reported lackluster results Thursday, early evidence of how deep the retail pain extends in the city. ( read original story ...)
Hong Kong reports 149 new coronavirus cases, a daily record
Hong Kong reported 149 new coronavirus cases on Thursday, a daily record, including 145 that were locally transmitted, with authorities warning the global financial hub faces a critical period as it ... ( read original story ...)
Hong Kong’s Dollar Peg Is ‘Unassailable,’ StanChart CEO Says
Standard Chartered Plc Chief Executive Officer Bill Winters said Hong Kong dollar’s peg to the greenback is “unassailable” at a time when the U.S. has threatened action against China for imposing a ... ( read original story ...)
Hong Kong police help #HKIndependence trend on Twitter
As China moves to intimidate and punish anyone who voices support for Hong Kong independence, an unlikely source has inadvertently ignited a Twitter trending hashtag advocating just that –- the city's ... ( read original story ...)
Hong Kong Eases Dining Ban; Cases Hit 17 Million: Virus Update
Hong Kong will relax its dine-in ban and allow breakfast and lunch services at restaurants starting Friday, a move that comes after the government imposed some of its tightest virus-related ... ( read original story ...)
Four Hong Kong student activists arrested for ‘secession’ over social media posts
Police in Hong Kong have arrested four members of a student-led pro-independence group for suspected secessionist offenses on social media under the city's sweeping new national security law. ( read original story ...)
Hong Kong’s homegrown WeLab Bank is now open to public
Offering 8% cash back on WeLab Debit Card spending[1] HONG KONG, July 30, 2020 /PRNewswire/ -- WeLab Bank ("WeLab Bank" or the "Bank"), a homegrown virtual bank licensed by the Hong Kong Monetary ... ( read original story ...)