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Tag: banking

Posted on 23/01/2025

Phoenix Asia Holdings Targets IPO On Sky-High Valuation

Phoenix Asia Holdings faces significant risks, including regulatory risks, customer concentration and uncertainties in the Hong Kong construction industry. Learn more on PHOE stock here.

Posted on 23/01/2025

Daily Cuts – The edge that paved Hong Kong’s return as Asia’s financial hub

From being stuck in the doldrums to a decisive comeback, Hong Kong has re-emerged as Asia’s leading financial hub in spite of a worrying economic recovery in China. Hairianto Diman and Susan Ng ask ...

Posted on 23/01/2025

Hong Kong’s Paul Chan vows to bridge climate financing gap after Trump move

City’s finance chief also met United Arab Emirates’ minister of state for foreign trade to discuss bilateral cooperation.

Posted on 23/01/2025

Hong Kong’s Hang Seng Index closes 1.75 pct higher

HONG KONG, Jan. 20 (Xinhua) -- Hong Kong stock market ended higher Monday with the benchmark Hang Seng Index up 1.75 percent to close at 19,925.81 points. The Hang Seng China Enterprises Index ...

Posted on 22/01/2025

Hong Kong’s Paul Chan vows to bridge climate financing gap after Trump pull-out

City’s finance chief also meets United Arab Emirates’ minister of state for foreign trade to discuss bilateral cooperation.

Posted on 22/01/2025

HSBC unveils HyQ, a 25-storey office tower in Qianhai to drive cross-border collaboration

The building is home to HSBC China’s Shenzhen branch, HSBC Qianhai Securities and HSBC Software Development Guangdong, a fintech centre. The bank said the tower would be a nerve ...

Posted on 22/01/2025

China orders pay cap at state-owned financial firms, sources say

China is set to impose a 1 million yuan ($137,309) cap on the annual income of staff at central government-owned financial institutions, three sources said, expanding a campaign against excess against ...

Posted on 22/01/2025

Bonnie Chan: HK IPO Mkt Continues to Recover w/ ~100 IPOs under Preparation

With Hong Kong's IPO market showing a good recovery in 2024 and more stimulus measures launched by China since September 2024, it is expected that Hong Kong will be able to welcome more IPOs, with 100 ...

Posted on 22/01/2025

China to allow foreign investors to take onshore bonds offshore via repos and derivatives

The onshore bonds issued by the Ministry of Finance and the policy banks on the mainland under the same programme will also be used as margin collateral for derivatives transactio ...

Posted on 22/01/2025

Hong Kong’s Paul Chan pledges to bridge climate financing after Trump pullout

City’s finance chief also meets United Arab Emirates’ minister of state for foreign trade to discuss bilateral cooperation.

Posted on 22/01/2025

Smithfield Foods seeks up to $10.7 billion valuation in US IPO

Smithfield Foods is targeting a valuation of up to $10.73 billion in its New York flotation, the biggest U.S. pork processor said on Tuesday, moving closer to its U.S. stock market return after more ...

Posted on 22/01/2025

How Hong Kong can cut wasteful spending and boost revenue

Reducing energy consumption and reclaiming plastic bag levy revenues are just some options available instead of cutting public services The government and general public alike should have deep ...

Posted on 22/01/2025

Scrapping it would shake confidence, jeopardise reliability and introduce currency volatility, one of the most significant risks in investment

Scrapping it would shake confidence, jeopardise reliability and introduce currency volatility, one of the most significant risks in investment.

Posted on 22/01/2025

Internet celebrity faces backlash over affair with Hong Kong Tai Sang Bank chairman Patrick Ma, 32 years her senior

Online influencer Rachel Chung, 34, has faced criticism after revealing her affair with Patrick Ma, the 66-year-old chairman of Hong Kong’s Tai Sang Bank.

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