TOKYO — Shares declined in Asia on Wednesday and Hong Kong's Hang Seng index tumbled nearly 2% as thousands continued protests against proposed legislation that many city residents fear could further ... ( read original story ...)
Logistics park developer seeks US$1.24 billion in IPO
via the Hong Kong Exchange and the vast bulk of 529.3 million, or 94.4 percent of the offer, via an international placement). Shares will be priced in the range of HK$14.58 to HK$17.40 (US$1.86 to ... ( read original story ...)
Thousands of protesters paralyze Hong Kong’s financial hub over extradition bill
HONG KONG (Reuters) - Chaotic scenes erupted in Hong Kong on Wednesday as tens of thousands of demonstrators stormed key roads next to government offices to protest against a proposed extradition bill ... ( read original story ...)
Hong Kong Stocks Drop Most in Asia as Protesters Block Roads
The biggest contributors to losses included Hong Kong Exchanges & Clearing Ltd., which operates the city’s stock exchange, as well as lenders HSBC Holdings Plc and Hang Seng Bank Ltd. Chinese ... ( read original story ...)
HSBC sets up US$880 million technology fund to find the next Tencent or DJI in southern China’s Greater Bay Area
The GBA+ Technology Fund will focus on lending to high-growth companies in mainland China, Macau and Hong Kong in a variety of sectors, including e-commerce, financial technology (fintech), robotics, ... ( read original story ...)
Hong Kong protesters storm key road next to government offices amid chaotic scenes
HSBC and Standard Chartered, in addition to the Big Four accounting firms, had all agreed to flexible work arrangements for staff on Wednesday, Hong Kong media reported. Strikes and transport go-slows ... ( read original story ...)
Exclusive: Grab eyes Singapore banking license as regulator studies virtual banks – sources
HONG KONG/SINGAPORE (Reuters) - Grab, Southeast Asia’s most valuable start-up, is exploring a move into Singapore banking as regulators in the Southeast Asian city-state consider allowing online ... ( read original story ...)
Exclusive: Grab eyes Singapore banking licence as regulator studies virtual banks – sources
HONG KONG/SINGAPORE (Reuters) - Grab, Southeast Asia's most valuable start-up, is exploring a move into Singapore banking as regulators in the Southeast Asian city-state consider allowing online ... ( read original story ...)
Hong Kong gears up for mass strikes as thousands rally overnight against extradition bill
Hong Kong Chief Executive Carrie Lam said she would press ahead with the legislation despite deep concerns across large swathes of the Asian financial hub that on Sunday triggered its biggest ... ( read original story ...)
Hong Kong firm drops $1.4 billion land purchase pact on economic worries
HONG KONG (Reuters) - Hong Kong-based Goldin Financial Holdings Ltd has dropped out of a process to buy a land parcel worth about $1.4 billion citing economic uncertainties, as the Asian financial hub ... ( read original story ...)
Hong Kong braces for mass protests against bill allowing extraditions to China
Beijing-based consultancy Gavecal said some bankers in Hong Kong were reporting that many mainland clients were shifting their accounts to Singapore, fearing they could come under scrutiny in the ... ( read original story ...)
Hong Kong gears up for more protests, strikes
Hong Kong leader Carrie Lam's defiant pledge in the face of more mass protests underscored deep concerns across vast swaths of the Asian financial hub two days after hundreds of thousands took to the ... ( read original story ...)
SPD Bank Hong Kong’s Assets Surpass HK$100 billion A milestone on its 8th anniversary
HONG KONG, June 10, 2019 /PRNewswire/ -- Shanghai Pudong Development Bank Co., Ltd., Hong Kong Branch ("SPD Bank Hong Kong" or "the Company") is celebrating its eighth anniversary in 2019. ... ( read original story ...)
China central bank to issue bills in Hong Kong to stabilise weakening yuan
SHANGHAI (Reuters) - China's central bank said on early Tuesday it will sell yuan-denominated bills in Hong Kong in late June, in a move that some market analysts believed was aimed at stemming a ... ( read original story ...)