The 50-year old Hang Seng Index is poised to embrace change, and it couldn’t come soon enough for investors forced to put up with years of dismal underperformance. ( read original story ...)
China IPO Stages Stellar Hong Kong Debut Amid Biotech Craze
A Chinese medical devices provider surged 74% in its Hong Kong trading debut on Friday in the best opening performance this year for an initial public offering over $50 million. ( read original story ...)
China Unveils Financial Support to Tie Hong Kong, Macau Closer
China’s financial regulators unveiled a sweeping plan to facilitate cross-border transactions and investments between Hong Kong, Macau and cities in southern China as part of the government’s ambition ... ( read original story ...)
Here’s What Kato (Hong Kong) Holdings Limited’s (HKG:2189) P/E Ratio Is Telling Us
Today, we'll introduce the concept of the P/E ratio for those who are learning about investing. We'll apply a basic P/E ratio analysis to Kato (Hong Kong) Holdings Limited's , to ... ( read original story ...)
Three arrested in Hong Kong over laundering of HK$54 million scammed from 15 people
Three men were arrested on Thursday over the laundering of HK$54 million (US$7 million) that police said was conned out of 15 Hongkongers, including a 76-year-old woman who lost HK$25 million. The ... ( read original story ...)
China central bank outlines financial co-operation in Greater Bay Area
The People's Bank of China published a list of guidelines on Thursday aimed at connecting financial markets and services in the southern 'Greater Bay Area' linking the mainland with semi-autonomous ... ( read original story ...)
Hong Kong shares end 1.5% lower as hopes for quick economic recovery fade
Hang Seng index ends down 1.45% China Enterprises index HSCE falls 1.51% HSI financial sector sub-index is 1.6% lower; property sector down 2% ... ( read original story ...)
Hang Seng follows Wall Street down on worries about global economy; China Literature, SMIC soar in Hong Kong
Tencent beat first-quarter expectations, prompting a bullish call by Daiwa Capital Markets for the internet giant’s shares to rise to HK$515 – a 20 per cent jump from Wednesday’s close. ( read original story ...)
China’s central bank sells 30 bln yuan offshore bills
The People's Bank of China issued 30 billion yuan ($4.2 billion) of offshore bills in Hong Kong on Thursday, the Hong Kong Monetary Authority announced on its website. ( read original story ...)
Despite virus, Pompeo talks West Bank annexation in Israel
U.S. Secretary of State Mike Pompeo met Wednesday with Israeli Prime Minister Benjamin Netanyahu to discuss the country's plans to annex parts of the West Bank, as Israeli ... ( read original story ...)
Kingsoft Cloud is considering a Nasdaq IPO, in a US$450 million bet that anti-China sentiment is a tempest in a teapot
Kingsoft Cloud, the cloud storage subsidiary of one of China's biggest computer software developers, is eyeing an initial public offering (IPO) on the Nasdaq, pitching to tap the US capital market ... ( read original story ...)
Renewed virus concerns pull Hong Kong shares lower
HSI financial sector sub-index 0.6% lower; property sector down 0.3% May 13 (Reuters) - Hong Kong shares closed lower on Wednesday, giving up earlier gains as investors fretted over the economic ... ( read original story ...)
BoC settles over half of cases in oil product losses: sources
Bank of China (BoC) has settled with more than half of customers hurt by losses in a crude oil-linked product after a historic oil price slide into negative territory, two sources with direct ... ( read original story ...)
JD.com Plans To Kickstart Hong Kong IPO As US-Listed Chinese Firms Increasingly Look Toward Home
Following in the footsteps of its bigger rival Alibaba Group Holding Ltd – ADR (NYSE: BABA), JD.Com Inc (NASDAQ: JD) is planning to test the IPO waters in Hong Kong very soon, if reports are to be ... ( read original story ...)