The Hang Seng finished sharply lower on Wednesday with damage across the board, especially from the property and technology sectors. For the day, the index plummeted 392.60 points or 1.96 percent to ... ( read original story ...)
China’s Duty-Free Giant Readies Jumbo Hong Kong IPO
China’s largest duty-free retailer has got the go ahead to list on Hong Kong’s stock exchange, clearing the way for its second attempt at an IPO that could be worth billions. China Tourism Group Duty ... ( read original story ...)
Hong Kong virtual bank unveils funds offering
To give investors access to Franklin Templeton, AllianceBernstein, Invesco, Amundi, Pictet and Janus Henderson products #hongkong ... ( read original story ...)
Finance ministry issues 5b yuan of treasury bonds in HK, 4.36X oversubscribed
The Ministry of Finance (MOF) on Wednesday issued 5 billion yuan ($742.28 million) of treasury bonds in the Hong Kong Special Administrative Region (HKSAR), with institutional investors vying for the ... ( read original story ...)
Hang Seng Bank (OTCMKTS:HSNGY) Stock Price Passes Below Fifty Day Moving Average of $17.02
Hang Seng Bank Limited (OTCMKTS:HSNGY – Get Rating) shares passed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $17.02 and traded as low as ... ( read original story ...)
Hong Kong’s Hang Seng drops 2% as Asia markets slip; China’s inflation rises
Asia-Pacific shares fell on Wednesday as investors digest inflation data from China and look ahead to the U.S. CPI report. ( read original story ...)
Analysis-China investors hedge U.S. delisting risk with Hong Kong play
Global fund managers holding U.S.-listed Chinese stocks are steadily shifting towards their Hong Kong-traded peers, even as they remain hopeful Beijing and Washington will eventually resolve an audit ... ( read original story ...)
China Tourism Group Duty Free gets approval for IPO, targets biggest Hong Kong listing this year at US$2.7 billion
The company's flotation has received approval from the Hong Kong stock exchange's listing committee The company's mainland shares have dropped this week as Covid-19 restrictions hit the duty-free ... ( read original story ...)
Hong Kong’s Magic Empire stock tumbles 80% in wake of spectacular IPO
Magic Empire (MEGL) stock plunged over 80% in midday trading Tuesday after scoring tremendous gains during the two sessions following its $20M initial public offering ... ( read original story ...)
Regina Ip Hopes HSBC Sets Up Headquarters in HK
Regina Ip, Convenor of the Executive Council, expressed in an interview with Bloomberg News that, the Hong Kong government will surely welcome it, should HSBC HOLDINGS (00005.HK) choose to set up its ... ( read original story ...)
No plans to waive extra stamp duty for mainland Chinese homebuyers in Hong Kong, finance chief says in rejecting media reports quoting top adviser
Hang Seng Index rises by as much as 1 per cent following comments by Executive Council member Regina Ip on how the government can boost property market Ip later clarifies she was discussing her own ... ( read original story ...)
Blank-cheque firm of former HKMA chief Norman Chan completes US$127 million IPO as Hong Kong’s third SPAC listing
The special purpose acquisition company is co-owned by Chan and two family members of the city's former chief executive Donald Tsang Yam-kuen The SPAC will focus on acquiring companies in financial ... ( read original story ...)
Hong Kong raises size and guaranteed returns on its Silver Bond aimed at city’s 2 million elderly citizens
The guaranteed annual rate for the three-year bond has been raised to 4 per cent from 3.5 per for the previous batch issued a year ago 'We believe such a return will give [Hong Kong's elderly citizens ... ( read original story ...)
Salaries soar as Hong Kong banks engage in poaching war to hire & retain talent
HSBC saw its headcount fall to 20,500 in just two years as part of its restructuring. Hong Kong banks are shelling out large sums of money to attract, retain, and develop key staff amidst a shrinking ... ( read original story ...)