Tag: banking

U.S. Secretary of State Mike Pompeo on Wednesday said the United States was "dismayed" by British bank HSBC's reported actions toward certain Hong Kong-related accounts, including those linked to ... ( read original story ...)

U.S. Secretary of State Mike Pompeo on Wednesday said the United States was “dismayed” by British bank HSBC’s reported actions toward certain Hong Kong-related accounts, including those linked to ... ( read original story ...)

Hong Kong shares recovered from earlier losses and finished largely flat on Wednesday, as gains in the information technology sector offset weakness in mainland markets. ** The Hang Seng index was ... ( read original story ...)

Brii Biosciences, which focuses on treatments for diseases such as Covid-19 and HIV, is considering an initial public offering in Hong Kong as soon as the first quarter of next year, according to ... ( read original story ...)

Billionaire Jack Ma’s Ant Group warned that rising U.S.-China trade tensions threaten its business as it gears up for an initial public offering that could give it a valuation as big as Bank of ... ( read original story ...)

The Hong Kong stock market has climbed higher in back-to-back trading days, gathering more than 750 points or 3 percent along the way. The Hang Seng Index now rests just above the 25,550-point plateau ... ( read original story ...)

Ant Group, which is still controlled by Alibaba founder Jack Ma, reported a more than 1,000% jump in profits in the first half of 2020. ( read original story ...)

Ant Group, the financial technology arm of e-commerce giant Alibaba Group, on Tuesday filed for a dual-listing in Hong Kong and Shanghai, in what would likely be the world’s largest initial public sto ... ( read original story ...)

The aggregate balance in Hong Kong's banking systems hit a nearly three-year high with a strong local currency and a continuous capital influx, reassuring investors about the stability of the global ... ( read original story ...)

China bottled water giant Nongfu Spring Co. is seeking to raise as much as HK$8.35 billion ($1.1 billion) in what could be the world’s second biggest initial public offering by a food and beverage ... ( read original story ...)

Chinese drinks maker Nongfu Spring will raise up to $1.08 billion by pricing its shares between HK$19.50 to HK$21.50 ($2.52 to $2.77) in its Hong Kong initial public offering, according to ... ( read original story ...)

The Hong Kong Monetary Authority sold HK$643 million ($83 million) into the market in New York trading hours after the local currency hit the strong end of its trading band, according to data released ... ( read original story ...)

China's banking regulator pledged its backing for Hong Kong as a finance hub and reiterated a commitment to opening up the Chinese financial sector amid a ... ( read original story ...)

When Ant Group goes public later this year, the Chinese financial-technology behemoth will likely earn a stratospheric market valuation that would place it at the top of companies listing globally for ... ( read original story ...)