Another tax rise needed as city struggles to reduce the number of smokers and improve its financial position Higher tobacco taxes may be coming the way of Hong Kong if authorities initiate another ...
Hong Kong securities watchdog puts virtual asset trading platforms Aramex and DIFX on alert list for suspected fraud
Trading platforms Aramex and DIFX alleged to have used social media and messaging apps to lure victims into investing cash.
Chinese stocks listed in Shanghai and Hong Kong have never been cheaper. Here’s why
A two-year sell-off has now spilled over into 2024, pushing one market valuation to an all-time low. Money managers and analysts say they are struggling to see an imminent turnaround.
Can Arc’teryx’s owner revive Chinese IPOs in America?
An exception is the €5.6bn ($6.3bn) purchase in 2019 of Amer, the Finnish owner of brands such as Arc’teryx, Salomon and Wilson, by a consortium led by Anta Sports, a Chinese rival to Adidas and Nike.
Meituan shares drop below its IPO price despite ongoing buybacks
Credit: Meituan Meituan continues to face pressure on its Hong Kong-listed shares, following a fall that has left shares worth less than its IPO price of HK$69 by Wednesday’s close, plunging the ...
Harvest Capital’s Invested Xiao Caiyuan Files for Hong Kong IPO, Securing Top Spot in Mass Chinese Catering Market
On January 16, 2024, China's prominent consumer investment institution, Harvest Capital, invested enterprise Xiao Caiyuan (officially known as XIAOCAIYUAN INTERNATIONAL HOLDING LTD), officially ...
Hong Kong’s green tech hub goal: nurture start-ups, identify advantages and create talent pool, fintech body says
Public-private collaboration to fund start-ups, attract and nurture talent pool can help city achieve green tech, finance hub goal, FinTech Association of Hong Kong’s Sandeep Sethi says.
Hong Kong shares drop 3.7% and mainland China stocks tumble to near 5-year lows
The sell-off came after China reported that the economy grew 5.2% in the fourth quarter, slower than expected. Retail sales for December also missed expectations.
Hong Kong’s Callable Bull/Bear Contracts Create Forced Selling
Asian equities were a bloodbath as investors unwound risk assets as the reality of US interest rates staying “higher for longer” sets in with investors.
Hong Kong IPO pipeline grows as Chinese restaurant chain Xiaocaiyuan files listing application
Xiaocaiyuan operates more than 500 restaurants across China. The chain’s profit rose to 429 million yuan (US$60 million) in the first nine months of last year, compared with 207 million yuan a year ...
Hong Kong finance chief Paul Chan rules out capital gains tax for ‘foreseeable future’ for city
Introduction of a capital gains tax was just a suggestion brought up during the budget consultation period, Chan tells Post.
Hong Kong airport operator’s retail bonds take off on first day of sales, HSBC and BOCHK say
Airport Authority Hong Kong’s highly anticipated HK$5 billion (US$640 million) retail bonds attracted a huge response when subscriptions opened on Wednesday, banks and brokers said.
Hong Kong shares plunge 4%, mainland China stocks tumble to near 5-year lows
China's economy grew 5.2% in the three months ended December, slower than the 5.3% forecast in a Reuters poll. Retail sales for December also missed expectations.
Allied Banking Corporation migrates core banking operations to the cloud with Finastra
Allied continues 15 year relationship with Finastra, upgrading from Equation to Essence ...