These publications, listed below, bring about new developments to Hong Kong’s virtual asset (and by extension, financial) industry. We explore these developments in this client alert. HKMA’s ... ( read original story ...)
Chinese cloud service provider seeks dual listing in Hong Kong after New York stock price halves overnight
Kingsoft Cloud said a dual listing in Hong Kong would provide shareholders with ‘greater liquidity and protection’ amid an evolving market environment. ( read original story ...)
Former senior official says Hong Kong government’s ‘many shortcomings’ exposed by coronavirus pandemic
This anti-epidemic battle exposed all kinds of administrative deficiencies, and weakened some people’s confidence in the government,’ says former commerce minister Frederick Ma. ( read original story ...)
Hong Kong Dollar Faces Pressure to Drop as Fed Hike Nears
The Hong Kong dollar is coming under pressure to fall further as its interest-rate gap with the U.S. widens ahead of an expected Federal Reserve rate hike and as the city endures its worst Covid ... ( read original story ...)
Three Of China’s Richest Lose More Than $16 Billion In One Day As Stock Rout Hits Hong Kong-Listed Companies
Tencent cofounder Ma Huateng (also known as Pony Ma) led the dive with a $6.1 billion wealth plunge, followed by Nongfu Spring Chairman Zhong Shanshan’s $5.6 billion and Country Garden Co-chairman ... ( read original story ...)
BOC Hong Kong (Holdings) Limited (OTCMKTS:BHKLY) Short Interest Up 78.6% in February
Limited (OTCMKTS:BHKLY – Get Rating) was the recipient of a significant growth in short interest in February. As of February 28th, there was short interest totalling 5,000 shares, a growth of 78.6% ... ( read original story ...)
Hong Kong, Shanghai shares sink as virus trumps strong data
Share prices tumbled in China on Tuesday, with Hong Kong’s Hang Seng index down nearly 6% and the Shanghai Composite index sinking 5% as virus lockdowns and ... ( read original story ...)
Panic sellers sink Hong Kong indexes
Chinese stocks listed in Hong Kong had their worst day since the global financial crisis, as concerns over Beijing's close relationship with Russia and renewed regulatory risks sparked panic selling. ( read original story ...)
China tech rout: Hong Kong market sinks after JPMorgan calls stocks ‘uninvestable’ as global funds prepare to flee crisis
Losses snowball as JPMorgan cites macro and geopolitical risks while global funds prepare to flee China internet risks Hang Seng Index slides to a six-year low as US$460 billion of market value from ... ( read original story ...)
Hong Kong’s Hang Seng index drops more than 2%; oil prices fall 5%
Shares in China lagged in Asia-Pacific on Tuesday, though some losses were pared following the release of Chinese economic data that was far above expectations. ( read original story ...)
Badly Oversold Hang Seng Has Negative Lead
The Hong Kong stock market has finished lower in two straight sessions, plummeting more than 1,350 points or 6.7 percent along the ... ( read original story ...)
Hong Kong’s Hang Seng index drops 2%, recovering from earlier tumble; oil prices drop 5%
Shares in China lagged in Asia-Pacific on Tuesday, though some losses were pared following the release of Chinese economic data that was far above expectations. ( read original story ...)
Hong Kong Dollar Faces Pressure to Drop as Fed Rate Hike Nears
The Hong Kong dollar is coming under pressure to fall further as its interest-rate gap with the U.S. widens ahead of an expected Federal Reserve rate hike and as the city endures its worst Covid ... ( read original story ...)
Green Tea Group Looks for Room at the Listing Table With Hong Kong IPO
Popular restaurant operator Green Tea Group has been approved for a Hong Kong listing The company plans to raise $150 million, which it will spend to open ... ( read original story ...)