Tag: banking

The Hong Kong stock market on Wednesday wrote a finish to the two-day winning streak in which it had picked up more than 450 points or 1.8 percent. The Hang Seng Index now rests just above the ... ( read original story ...)

Hong Kong’s economy is expected to catch up with rival financial hub Singapore’s pace of expansion this year for the first time since 2008. ( read original story ...)

The bank loans come as a regulatory crackdown on China's technology sector casts a shadow over ByteDance's hotly anticipated IPO. ( read original story ...)

USD/CAD is rallying during the American session. The pair is trading at 1.2735, up some 0.72% on the day at the time of writing. The main driver of the price action is the Bank of Canada’s monetary ... ( read original story ...)

Police in Hong Kong and mainland China have arrested 22 people in a joint operation against a cross-border syndicate suspected of using 85 local bank accounts to launder HK$740 million (US$95.2 ... ( read original story ...)

Hong Kong's financial services chief has dismissed lawmakers' suggestions he did not act quickly enough against a fund set up to help anti-government protesters. Secretary for Financial Services and ... ( read original story ...)

It's the latest major blow for the beleaguered pro-democracy movement in the Chinese city which, until recently, enjoyed a large degree of autonomy from Beijing. ( read original story ...)

Hong Kong shares edged lower on Wednesday, dragged down by financials, while tech giants rose after state media said regulations related to the country's industries were to promote their development. ( read original story ...)

The removal of Cheng from Hong Kong’s legislature marks a new milestone in the undoing of the closest thing China has had to an open election system. Over the past 10 months, almost 300 elected ... ( read original story ...)

Hong Kong's markets watchdog expects to penalise more brokers for misconduct over listings in the financial hub, particularly smaller firms, its enforcement director said on Wednesday, despite some ... ( read original story ...)

Financial Secretary Paul Chan has again apologised for the bungled roll out of the consumption voucher scheme which forced elderly citizens to queue up in the heat for hours to re-submit their manual ... ( read original story ...)

Dongguan Rural Commercial Bank, Broncus Holding Corp and Novotech Health Holdings have all hit the road for their respective IPOs on the Hong Kong Stock Exchange. DRCB’s deal is led by sponsors ABC ... ( read original story ...)

Critical of the Chinese government for decades, Hong Kong-based media house Next Digital has started taking steps to shut down as Beijings crackdown had left it with no way to operate, a media report ... ( read original story ...)

Takeaway: The nattering nabobs of negativity are going to have to go back to the drawing board as today’s release beat estimates significantly. ( read original story ...)