HSBC has been trading at quarter-century lows. Its current share price may look a snip on historical measures, and there are positive elements to the investment case under the new leadership. ( read original story ...)
CITIC Securities set for role in Ant Group’s up to $30 billion IPO – sources
China's largest brokerage CITIC Securities is set to get an underwriter's role for the Shanghai tranche of financial technology firm Ant Group's up to $30 billion dual-listing, four people with ... ( read original story ...)
Hong Kong’s central bank has spent more in 2020 to keep its currency peg more than in it did in 2009 after the financial crisis
Summary List Placement Hong Kong's central bank has intervened more than 40 times this year to maintain its peg to the US dollar. It has bought ... ( read original story ...)
Looking Beyond Hong Kong: What Are the Alternatives?
The special administrative region of Hong Kong has long been a magnet for foreign direct investment. Recently, the cracks in its special “one country, two systems” relationship with China have widened ... ( read original story ...)
Bitter Trump could punish China and Hong Kong in event of US election defeat, warns sanctions expert
Former senior adviser to US treasury department says lame-duck president could lash out with more sanctions if he’s beaten by Joe Biden in November. ( read original story ...)
Hong Kong staff at Chinese banks pressured to take COVID test
CLSA, Bank of China's Hong Kong unit, China International Capital Corp., Haitong International, Industrial & Commercial Bank of China's local operations and Founder Securities are among companies ... ( read original story ...)
Hong Kong: Beijing cracks down while the financial centre thrives
It is a tale of two Hong Kongs. Twelve pro-democracy activists were last week captured by China’s coast guard as they attempted a dramatic speedboat escape to Taiwan. They were seeking to evade ... ( read original story ...)
Does HSBC need its US business? Bank says yes, some investors call for a break-up
Navigating worsening relations between Beijing and Washington, CEO Noel Quinn says there is still a place for global banks with large international footprints. ( read original story ...)
Breakingviews – Corona Capital: Bumble IPO, SPACs
Corona Capital is a column updated throughout the day by Breakingviews columnists around the world with short, sharp pandemic-related insights. ( read original story ...)
Hong Kong extends loan repayment holiday for small businesses
Hong Kong's central bank on Wednesday extended its scheme giving small companies a break from repaying the principal on loans to help them cope with the economic impact of the coronavirus. ( read original story ...)
Ant Group plans to raise more funds in Shanghai than Hong Kong in giant IPO: sources
China's Ant Group plans to raise more funds on Shanghai's Nasdaq-style market than in Hong Kong as part of its up to $30 billion dual listing, people with direct knowledge of the matter said, in a ... ( read original story ...)
Hong Kong stocks fall as energy, financial firms retreat
Hong Kong stocks ended lower on Wednesday, weighed down by energy and financial firms. ** At the close of trade, the Hang Seng index was down 64.76 points or 0.26% at 25,120.09. The Hang Seng China ... ( read original story ...)
BOC Aviation cancels order for 18 A320neos
BOC Aviation has cancelled an entire order for 18 Airbus A320neo family aircraft, after its airline customer opted to purchase the aircraft directly from the manufacturer, a 30 August filing to the ... ( read original story ...)
Uber seeks Hong Kong govt meeting after court defeat
Uber on Wednesday said it was seeking an urgent meeting with Hong Kong's government after drivers working for the company lost a landmark court case that could cripple ride-sharing apps in the finance ... ( read original story ...)