Hong Kong stocks closed higher on Monday, aided by heavyweight financial and utilities firms, but China’s weaker-than-expected GDP data kept gains in check. ** At the close of trade, the Hang Seng ... ( read original story ...)
Ant Group gets Chinese nod for Hong Kong leg of $35 billion dual listing: sources
ANTG.HK] has received approval from China's securities regulator for the Hong Kong leg of its roughly $35 billion dual listing, two people with knowledge of the matter told Reuters on Monday. The Chin ... ( read original story ...)
Hong Kong Bourse May Be Stuck In Neutral On Monday
The Hong Kong stock market bounced higher again on Friday, one day after it had ended the two-day winning streak in which it had jumped more than 550 points or 2.3 percent. The Hang Seng Index now ... ( read original story ...)
Going to the Bank? Millennials Just Won’t
I can see the advantages of going branchless. Especially when nobody, including the staff, wants to sit in an enclosed space for hours during Covid-19. But if the digital bank saves money on customer ... ( read original story ...)
Clock Ticks For Banks to Follow Trump’s Hong Kong Sanctions
The countdown has begun on whether banks will be ensnared in the Trump administration’s sanctions on Chinese and Hong Kong officials, singled out for contributing to a clampdown on political freedoms ... ( read original story ...)
Hong Kong has nothing to fear from surging Shenzhen, officials say, though city must remain proactive, seize opportunities
Finance secretary, former city leader among those urging residents to seek ways to maintain edge in wake of last week’s speech by President Xi Jinping. ( read original story ...)
The HSBC share price: why I think the stock could be worth buying
The bank risks getting caught between these two superpowers as it relies on its Hong Kong business for the majority of underlying profit. Moreover, without a US presence, HSBC could lose the ... ( read original story ...)
Hong Kong’s slow reform of interest rate benchmarks has put US$2.2 trillion worth of hedging contracts at risk, say market observers
Companies that have currency swaps with banks face a tough call on which interest rate benchmark to use as Libor is phased out by end-2021. ( read original story ...)
Brokers Offer 20 Times Leverage for ‘Deal of Decade’ Ant IPO
Hong Kong stockbrokers are so confident Ant Group’s blockbuster IPO will go smoothly that they’re offering to let mom-and-pop investors buy the stock with as much as 20 times leverage. ( read original story ...)
Regulatory Holdups Slow Ant Group’s IPO Plans
A window is closing for Chinese financial-technology giant Ant Group to pull off a record-breaking initial public offering ahead of the U.S. presidential election, as regulators in mainland China and ... ( read original story ...)
HSBC to provide securities services for Hong Kong’s first broad-based ESG ETF
The new ETF is tracking MSCI China A ESG Universal Index, and offering exposure to China A-shares with a robust ESG profile ... ( read original story ...)
BOC Hong Kong: Dividend Cut In The Spotlight
The company trades at 0.73 times P/B and 7.7 times consensus forward FY 2021 P/E, and it offers a consensus forward FY 2021 dividend yield of 6.4%. Looking for more investing ideas like this one? Get ... ( read original story ...)
Hong Kong stocks post third week of gains on upbeat China data, policy support
Hong Kong stocks ended higher on Friday to post their third weekly gain in a row, as investors cheered fresh policy support and upbeat data that pointed to China’s economic recovery from the ... ( read original story ...)
Jack Ma’s Ant Group Raises IPO Valuation Target to $280 Billion
Ant Group plans to increase the valuation target for its initial public offering to at least $280 billion due to strong demand, charging ahead with the sale even as the Trump administration weighs ... ( read original story ...)