The Hong Kong financial group behind an initial public offering that stunned Wall Street by soaring more than 32,000% following its debut has drawn regulatory scrutiny over deals it arranged in the ... ( read original story ...)
HSBC, Citigroup and the end of global banking as they knew it
The paring back of international ambitions of both banks to core markets tracks the retreating arc of globalisation. ( read original story ...)
BOC Aviation delivers another 787
The 787-8 for American was the second out of nine 787 aircraft the airline expects to receive in 2022. In early 2020, BOC Aviation and American Airlines signed an agreement for the lease of 22 new 787 ... ( read original story ...)
HSBC, Citigroup and the end of global banking
The global ambitions of both HSBC and Citigroup have been pared back, replaced by a narrower focus on core markets. The shift in strategy of the two banks tracks the arc of globalization ... ( read original story ...)
DBS appoints Dennis Lam as CEO of DBS Vickers Hong Kong
He was former the deputy head of research in DBS Hong Kong. DBS has named Dennis Lam as CEO of DBS Vickers Hong Kong. Lam was previously deputy head of research of DBS Bank Hong Kong, as well as Hong ... ( read original story ...)
Citi appoints CEO for Hong Kong, Macau
San – who is also the chief executive of Citibank NA, Hong Kong Branch, and succeeds Angel Ng who was appointed Asia head of Citi global wealth in April – reports to Tim Monger, head of the North and ... ( read original story ...)
GCT IPO: GigaCloud Technology to Make Public Debut
It's quite clear that the GCT IPO will be a hot topic amongst investors over the coming days and the weeks ahead. ( read original story ...)
19 arrested on suspicion of laundering HK$100 million
Police said on Tuesday they had arrested 19 people on suspicion of money laundering in a case involving some HK$100 million. Chief Inspector Wong ... ( read original story ...)
Tencent Rumored Meituan Sale Weighs On Hong Kong, Can The China Real Estate Phoenix Rise From The Ashes?
Hong Kong was up through mid-day/intra-day with a high of +0.66% when a Reuters article was released stating that Tencent (700 HK), which gained +0.87% overnight, plans to sell its $24B/17% ownership ... ( read original story ...)
Hong Kong’s Brain-Drain Challenge Rises as Funds Relocate Roles
Signs keep emerging that Hong Kong’s financial hub status is increasingly at risk. Most Read from BloombergSaudi Billionaire Made $500 Million Russia Bet at War Onset‘Next Generation’ Moderna ... ( read original story ...)
Hong Kong’s Brain-Drain Challenge Rises as Funds Relocate Roles
Signs keep emerging that Hong Kong’s financial hub status is increasingly at risk. Most Read from BloombergSaudi Billionaire Made $500 Million Russia Bet at War Onset‘Next Generation’ Moderna ... ( read original story ...)
Hong Kong stocks slammed by Meituan on Tencent divestment report, while developers surge on state financial backing
Meituan sank by about 9 per cent after a Reuters report saying Tencent is considering selling part or all of its 17 per cent stake by this year Corporate earnings in focus as Li Auto and Sunny Optical ... ( read original story ...)
Hong Kong police arrest 4 suspects in crackdown on cryptocurrency fraud syndicate, which conned man out of HK$1.58 million
Victim transferred cryptocurrency to e-wallet account in exchange for what turned out to be fake banknotes Police urge public to stay alert while meeting strangers to conduct transactions and use ... ( read original story ...)
China’s central bank to issue 25b yuan of bills in Hong Kong
BEIJING - China's central bank plans to issue 25 billion yuan ($3.69 billion) worth of bills in Hong Kong next Monday. The central bank bills will be issued in two batches. One batch is worth 10 ... ( read original story ...)