With that offering, WuXi XDC said it expected to reel in proceeds of around $4.07 billion Hong Kong dollars (about $521 million). Earlier that same month, WuXi XDC said much of what it reaped from its ...
HSBC HOLDINGS Buys back 6M+ Shrs in Total for HKD354M Ytd
HSBC HOLDINGS (00005.HK) announced that it repurchased 6.0023 million shares of the company in total yesterday (16th) in the UK and Hong Kong markets, involving a total of HKD354 m... HSBC HOLDINGS ...
Chinese surimi maker’s shares sink 15% on Hong Kong IPO plan
The share price of China's largest surimi maker crumbled 15% after the company announced plans to list on the Hong Kong stock exchange, after a spate of derailed ...
China, Hong Kong Broaden Investment and Financing Links
Hong Kong announced several measures to deepen financial links — including facilitating mainland real estate purchases and expanding the Wealth Connect program — with China to further integrate the ...
Hong Kong finance sector on pace in AI deployment, with data availability, security and skills gap among concerns: survey
Data availability and cybersecurity represent major challenges to the use of artificial intelligence (AI) in financial services, according to more than 60 per cent of Hong Kong financial professionals ...
Hong Kong Stocks Bounce After PBOC Announces RRR Cut, China Up
Hong Kong shares of Alibaba surged 7.3% to their highest since Jan. 4, after the New York Times reported co-founder Jack Ma and Chairman Joe Tsai bought shares worth millions of dollars in the Chinese ...
Hong Kong Stocks Surge After China Says It Will Cut Banks’ Reserve Ratio
Hong Kong shares rallied, gaining for a second day, after China’s central bank said it would cut the amount banks need to hold in reserve. Pan Gongsheng, governor of the People’s Bank of China, said ...
Hong Kong Stocks End More Than 3% Higher
Hong Kong stocks jumped for a second successive day Wednesday after news that Alibaba's co-founders had bought a huge stake in the market heavyweight, while China said it would cut the amount of cash ...
Hong Kong stocks advance as Alibaba jumps 4% on insider buying while Tencent, NetEase, BYD gain on China support
Hong Kong stocks rose for a second day to a one-week high, fuelled by the biggest gain in Alibaba Group in two months, amid speculation about corporate insider buying. China’s securities regulator ...
Resuscitating Hong Kong’s stock exchange
Turkey’s parliament has voted in favour of Sweden joining Nato and Arab nations are about to unveil a peace plan for Israel and Hamas. Plus, the FT’s Kaye Wiggins explains whether a leadership change ...
China Economy: Hong Kong is facing a repeat of 1998 Asia financial crisis
A year ago, Hong Kong’s finance industry was hoping that a China reopening would unleash pent-up consumer demand and bring deals and prosperity to the city. There is no such illusion left. As the Hang ...
Chinese financial sector is stable, risks well under control: regulator
As an international financial hub, Hong Kong has advantages in its open and free economy, mature financial market, international legal environment and its attraction to global talent. The NFRA will ...
HK: No anomalies in market selloff
On the same day, Vice-President Han Zheng met with Mark Tucker, chairman of HSBC Group, in Beijing, during which he reiterated unwavering support for the development of Hong Kong's financial sector, ...
HSBC HOLDINGS Repurchases 6.34M+ Shrs Ytd for $383M
HSBC HOLDINGS (00005.HK) repurchased a total of 6.3432 million shares in the UK and Hong Kong markets yesterday (15th), involving a total of $383 million, according to HSBC HOLDING... HSBC HOLDINGS ...