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Tag: banking

Posted on 16/03/2022

Coronavirus Hong Kong: quarantine-free travel to mainland China could resume in second half of year, finance chief says

Paul Chan says the city hopes ‘to put the pandemic under control in the coming two to three months’, laying the groundwork for restarting quarantine-free travel to mainland China ... ( read original story ...)

Posted on 16/03/2022

Hong Kong’s Hang Seng index jumps more than 2%, rebounding after days of losses

Hong Kong's Hang Seng index surged 6.44%% in Wednesday afternoon trade, seeing a rebound after days of heavy losses earlier this week. ( read original story ...)

Posted on 16/03/2022

Dow Jones rebound may lift Hang Seng Index and crude oil fall

The central bank is expected to raise interest rate by 25bps at today’s meeting. Hong Kong’s Hang Seng Index may rebound after falling nearly 6% a day ago amid intensified selloff in the technology ... ( read original story ...)

Posted on 16/03/2022

Hong Kong Pushes to Open Greater Bay Wealth Connect to Brokers

Wealth Connect, launched last year, allows for cross-border investments in the Greater Bay Area, a region of 70 million people that includes Hong Kong and mega-cities in the south ... ( read original story ...)

Posted on 16/03/2022

Hong Kong’s Hang Seng index jumps more than 3%, rebounding after days of losses

The Hang Seng index in Hong Kong jumped 3.56% in early trade on Wednesday, recovering partially after big losses in the past few days. ( read original story ...)

Posted on 16/03/2022

Hong Kong stocks regain part of US$300 billion destruction with JD.com, Alibaba recovery as China fends off sanction fears

Stocks regain strong footing in early trading as buyers return to pick up JD.com, Alibaba and Chinese tech peers, lifting the benchmark index from a decade low. ( read original story ...)

Posted on 16/03/2022

Mainland support boosts confidence in fighting COVID-19 in Hong Kong

Hong Kong people are full of gratitude for the central authorities' support for the global financial hub to fight COVID-19, especially under the fifth wave of the epidemic when there is a temporary ... ( read original story ...)

Posted on 16/03/2022

Lithium battery startup files for IPO in Hong Kong

Chinese EV battery giant CALB plans to IPO in Hong Kong. After a bad year in 2020, the company has ridden on the success of China’s booming EV sales. ( read original story ...)

Posted on 16/03/2022

‘I am angry’: residents locked down in mainland China blame Hong Kong for sending over Covid-19 infections while taking in much-needed aid

Posts on mainland social media note that while residents in Shenzhen and Dongguan are locked down for testing, Hongkongers are out shopping and hitting the beach They accuse the financial capital of ... ( read original story ...)

Posted on 16/03/2022

Yang Guofu Tempts Investors with Spicy Hotpot IPO in Hong Kong

Leading Sichuan-style hotpot chain Yang Guofu has filed for a Hong Kong IPO, extending a recent series of restaurant ... ( read original story ...)

Posted on 16/03/2022

An Update On The Virtual Asset Regulatory Landscape In Hong Kong.

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 ...)

Posted on 15/03/2022

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 ...)

Posted on 15/03/2022

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 ...)

Posted on 15/03/2022

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 ...)

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