Credit Suisse Group AG has dropped off the initial public offering of one of China’s top online health-care startups, dealing a fresh blow to its business taking companies in the region public after ... ( read original story ...)
Alibaba-Backed AI Startup Sales Triple Enroute to IPO
Megvii Technology Ltd. for the first time revealed the stunning growth fueled by a nation’s obsession with security.The Alibaba Group Holding Ltd.-backed startup tripled revenue to 949 million yuan ... ( read original story ...)
Education technology startups hope to keep new customers’ attention after quarantine
Local "edutech" companies have responded to an unprecedented opportunity to expand as the spread of the coronavirus simultaneously disrupted the school year for nearly 300 million students worldwide. ( read original story ...)
China, Hong Kong stocks slip as global coronavirus cases surpass one million
China and Hong Kong stocks fell on Friday, as coronavirus worries continued to pressure the markets with infections surpassing one million globally. SHANGHAI, April 3(Reuters) - China and Hong Kong ... ( read original story ...)
China’s Bank of Gansu Pledges 30 Billion Yuan Loans, Report of Capital Injection
The Hong Kong-listed bank, which is controlled by the provincial government ... Caixin didn't specify the size of the capital injection. People's Bank of China officials declined to respond to ... ( read original story ...)
Dividend Halt Puts HSBC at Risk of Losing Core Investors
HSBC Holdings Ltd.’s dividend suspension threatens to cost the lender some of its core investor appeal in Hong Kong. ( read original story ...)
HSBC Hong Kong shareholders mull legal action over dividend suspension
HSBC shareholders in Hong Kong are calling for an extraordinary meeting with the bank's management and considering legal action against its decision to scrap dividend payments. HSBC and other top Brit ... ( read original story ...)
HSBC Hong Kong Asset Management Units Fined $450,000
Hong Kong's markets regulator has fined two HSBC units HK$3.5 million ($451,456) for regulatory breaches. The Securities and Futures Commission (SFC) said that some of the 53 funds managed by HSBC ... ( read original story ...)
Hong Kong Dividend Traders Had Already Priced In HSBC’s Big Cut
Payments to shareholders by Hong Kong companies will be better than elsewhere, dividend futures show, even if one of the city’s biggest stocks won’t be handing out cash this year. ( read original story ...)
China Market Update: Hong Kong Rebound, Mainland Closed
South Korea was a standout though foreign investors sold today as the nearly $8 billion Stock Market Stabilization Fund is expected to launch this week as part of South Korea’s ongoing stimulus ... ( read original story ...)
HSBC dividend cut stirs outrage among HK shareholders
The HSBC Holdings headquarters building in the central district of Hong Kong. HSBC’s decision to scrap dividends has created an uproar among retail investors in Hong Kong who have banded together to ... ( read original story ...)
Hong Kong will welcome HSBC, Standard Chartered if they moved headquarters to city, minister says
Regulations and business opportunities in Hong Kong are very good, Secretary for Financial Services and the Treasury James Lau says No plans to change 2016 decision on domicile: HSBC HSBC and Standard ... ( read original story ...)
Rebel HSBC shareholders win support from Hong Kong’s largest labour union in fight to reinstate dividends
Rebel HSBC shareholders in Hong Kong won reinforcements on Wednesday from Hong Kong’s largest labour union who called on the government to safeguard the interests of local investors. The ranks of ... ( read original story ...)
HSBC announces COVID-19 charity projects in Middle East
This regional news follows HSBC Group’s recent announcement of a $25m COVID-19 charitable fund to support the international medical response, protect vulnerable people and ensure food security. At ... ( read original story ...)