Tuhu plans to use the money raised from the IPO to help automate its distribution centers through the use of robots. ( read original story ...)
HSBC Buys back over 3.07M Shrs in London Ytd, Involving GBP15.27M
HSBC HOLDINGS (00005.HK) announced that it had repurchased 3.0758 million shares of the company yesterday (24th) in the London market, at a price ranging between GBP4.9065 and GBP5.051 each, with a ... ( read original story ...)
JD Technology, fintech unit of China’s JD.com, engages banks for Hong Kong IPO that could raise up to US$2 billion, source says
The company is working with banks to list shares in Hong Kong this year, with a deal size of between US$1-2 billion, source says The fourth listing by a JD group company in Hong Kong will see its ... ( read original story ...)
JD Technology plans Hong Kong IPO of up to $2 billion this year: report
JD Technology’s expected listing is one of a number of long-awaited IPOs from Chinese vertical giants, including Hello Inc. and Ximalaya. ( read original story ...)
FWD Group raises $200m ahead of Hong Kong IPO
Asian insurer FWD Group has raised $200m (£148m, €177m) in funding ahead of its planned Hong Kong initial public offering (IPO), according to Reuters. Reports said that the the two investors ... ( read original story ...)
HSBC adds portfolio advisory and analytics for experienced investors
Wealth Portfolio Plus’ empowers experienced investors with more options, visibility and control over their portfolios. ( read original story ...)
Tuhu Car drives in for Hong Kong listing
Tencent Holdings-backed Tuhu Car, a Chinese auto service provider, is seeking the greenlight for an IPO in Hong Kong. The issuer submitted draft documents with the Hong Kong Stock Exchange on Monday. ( read original story ...)
HANG SENG BANK’s Head of Digital Banking Resigns: Report
Herman Cheng, having served as Head of Digital Banking at HANG SENG BANK (00011.HK) for more than five years, has tendered his resignation with effect from the end of February, Hong Kong Economic ... ( read original story ...)
Hong Kong stocks finish with steep losses
Hong Kong stocks finished with big losses on Monday on concerns about the Federal Reserve's plans to hike interest rates to fight inflation, with ... ( read original story ...)
Tencent-Backed TUHU Plans Hong Kong IPO
By Clarence Leong Tencent Holdings Ltd.-backed TUHU Car Inc. is planning an initial public offering in Hong Kong to raise funds for the expansion of ... ( read original story ...)
Scammers launder nearly HK$29 billion from victims through Hong Kong bank accounts, cryptocurrency wallets over past 4½ years
Online banking, electronic payments and cryptocurrency wallets offer fraudsters more avenues to launder illegal funds, according to a police source. ( read original story ...)
Hong Kong financial sector faces talent crunch as expats head for exit
The city has had stiff quarantines in place for two years, and last year introduced some of the strictest entry rules in the world. . Read more at straitstimes.com. ( read original story ...)
IMF lauds Hong Kong’s financial system
The International Monetary Fund has reaffirmed Hong Kong's position as a major international financial center, commending the city's strong economic recovery and the government's efforts to safeguard ... ( read original story ...)
Asian private equity firm PAG weighs US$2 billion Hong Kong IPO plan
Hong Kong-based alternative asset manager is said to be considering a stock offering to raise about US$2 billion, according to people with knowledge of the plan. ( read original story ...)