Jack Ma's Ant Group is planning a restructuring that will break off some non-core operations of its China financial-related business, Bloomberg News reported on Tuesday.
Hong Kong stocks retreat as Chinese lenders slip while losses in Alibaba, JD.com halt tech rally toward bull market
Hong Kong stocks retreat as Chinese banks slip amid concerns about their loan book as Beijing pushes them to help support the housing market. Tech firms fail to get over the line as they approach bull ...
Asia markets set to fall ahead of Bank of Japan rate decision
The Bank of Japan is poised to hold its rates at -0.1%, but investors will look for any shift in stance in its yield curve control policy.
Hong Kong’s banks raise prime rates after city’s funding cost soars to 16-year high as US Fed leaves the door open for more inflation-busting moves
The public should take be cautious of the high interest rate environment and that it may prevail for some time, acting HKMA CEO Arthur Yuen warns HSBC and BOCHK were the first banks to increase their ...
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Alibaba, Geely, HSBC lift Hong Kong stocks on Fed pause bets while Xpeng surges by record 34 per cent as VW eyes stake purchase
Stocks hit a five-week high as traders stepped up bets the Fed will pause at its rate meeting in September. Xpeng surged by a record 34 per cent as Volkswagen prepares to buy a stake in the Chinese EV ...
XPeng & CATL Drive Hong Kong Market Higher
Asian equities were mixed overnight on higher volumes following the US Fed's rate hike, due to optimism that the Fed’s tightening cycle is drawing to a close.
Chinese finance ministry to issue RMB sovereign bonds worth 1.68 bln USD in Hong Kong
HONG KONG, July 27 (Xinhua) -- China's finance ministry will issue renminbi (RMB) sovereign bonds through the Central Moneymarkets Unit of the Hong Kong Monetary Authority (HKMA), with a total ...
Hong Kong, Saudi Arabia monetary authorities discuss financial infrastructure, open market operations, market connectivity, sign MOU
its biggest trading partner while Hong Kong is keen to deliver its financial services expertise to the Arab world's biggest economy. Hong Kong Monetary Authority (HKMA) and the Saudi Central Bank ...
HK authority ups rates, matching Fed, says banks’ bad loans remain steady
While companies may face higher costs on Hong Kong dollar bank loans, "we haven't yet seen that the higher funding costs impacting banks' clients directly." "Classified loans", or those that are ...
Hong Kong’s interbank rates rise across all tenors after U.S. hike
Hong Kong interbank rates rose across all tenors on Thursday, after the city's central bank raised the base rate charged through the overnight discount window to the highest in 16 years after the U.S.
Chinese Titanium Refiner Ubridge Weighs $300 Million HK IPO
Guangdong Ubridge New Material Technology Co., a refiner of minerals including titanium and zirconium, is considering a Hong Kong initial public offering that could raise about $300 million, according ...
Tencent, HSBC lift Hong Kong stocks on bets Fed to pause in September, Xpeng surges 32 per cent on VW purchase plan
The odds of a Fed pause in September meeting rose to 78 per cent after the policy rate hike as Powell keeps optionality on the table Xpeng surges after German carmaker Volkswagen unveiled plan to ...
Ant IPO Gets Back To Where It All Began
Although it is not hard to understand the Politburo statement’s focus on boosting the consumption of automobiles, electronic products, and household appliances, “activating” the mainland market is harder to interpret with speculation that raising dividend payout ratios could be the incentive.