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Tag: banking

Posted on 29/08/2023

China companies’ fundraising options narrow after IPO restrictions

China's surprise move to slow the pace of mainland initial public offerings (IPOs) in an attempt to bolster the secondary market will cloud the fundraising plans of hundreds of companies and will ...

Posted on 29/08/2023

Hong Kong Financial Secretary Positive That Blockchain and Web3 Will Lead Next Digital Growth

Paul Chan Mo-po, the financial secretary for Hong Kong, has reiterated his unwavering support for blockchain technology and named it as the forthcoming driver for "breakthrough growth" in the digital ...

Posted on 29/08/2023

Hong Kong Monetary Authority signs MoU with AFRC

The Hong Kong Monetary Authority (HKMA) and the Accounting and Financial Reporting Council (AFRC) entered into a new memorandum of understanding (MoU) on 17 August, superseding the one signed on 19 ...

Posted on 29/08/2023

Hong Kong home prices drop for third month in July, down 1.1%

Hong Kong private home prices eased 1.12% in July from June, the third monthly fall in a row, official data showed on Tuesday, as homebuyer sentiment was deterred by rising interest rates and a weak ...

Posted on 29/08/2023

Hong Kong Predicted To Open In The Green On Tuesday

The Hong Kong stock market bounced higher again on Monday, one session after halting the three-day winning streak in which it had ...

Posted on 29/08/2023

Hong Kong should cut stamp duty, relax listing rules to reinvigorate sluggish stock market, say brokers

Hong Kong should follow mainland China’s lead in cutting the stamp duty payable when shares change hands to boost low market turnover, according to brokers and analysts, who also called for a ...

Posted on 28/08/2023

Hong Kong’s Hashkey among city’s first to kick off retail trading of cryptocurrencies

One of Hong Kong’s first licensed cryptocurrency exchanges has officially started accepting retail users, allowing them to trade bitcoin and ether directly with fiat currencies.

Posted on 28/08/2023

Hong Kong ‘to tap financial heavyweights’ for new task force aimed at boosting stock market liquidity

Financial Secretary Paul Chan may announce line-up of expert group and key areas of focus as early as Tuesday, according to insider Government officials also expected to join task force, source adds, ...

Posted on 28/08/2023

China and Hong Kong stocks lead gains in Asia markets; Evergrande shares plunge

Investors will be looking at China's factory activity on Thursday, as well as PMI readings across the region on Thursday.

Posted on 28/08/2023

Stocks in Hong Kong surge 2.1%, most in 5 weeks, after China cuts stamp duty, margin requirements to lift confidence

Stocks in Hong Kong and mainland China jumped after Beijing halved the ... China lowered the stamp duty on stock transactions to 0.05 per cent from today, the finance ministry announced on Sunday, ...

Posted on 28/08/2023

The battery business is booming and Zeekr kicks off it IPO roadshow

These days, I'm a semi-regular guest on TechCrunch's Equity Podcast, including an episode that aired Friday that covers robotaxis, Nvidia's earning, plus Better.com and startups that are full of shit ...

Posted on 27/08/2023

Hong Kong looks for ways to boost local stock market liquidity: HKSAR chief executive

VCG. Hong Kong will set up a working group to look into ways to boost stock market liquidity, with details to be announced soon, Hong ...

Posted on 27/08/2023

Hong Kong should look beyond online entertainment and embrace Web3 as part of efforts to spur economy: finance chief Paul Chan

Hong Kong’s finance chief has said the city should look beyond online entertainment in embracing the next generation of the internet, known as Web3, as part of efforts to spur growth in the economy.

Posted on 26/08/2023

Hong Kong police arrest 11 suspects in crackdown on syndicate that laundered HK$124 million through 52 bank accounts

Investigators also seize HK$800,000 in cash, bank documents, chequebooks, cash counting machines and mobile phones.

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