Tag: banking

Bank Indonesia kept the seven-day reverse repurchase ... chief Asean economist at HSBC Holdings Plc in Hong Kong. “BI will have to walk a fine line in coming months if global yields continue ... ( read original story ...)

Didi is targeting an IPO as early as this summer at a valuation above the $62 billion it secured in its last funding round, Bloomberg said. ( read original story ...)

The fate of Hong Kong’s most popular fund will be a critical bellwether for the city’s ability to keep its status as a global financial hub. ( read original story ...)

Failing to keep pace with the changes ushered in by open banking, coupled with generational shifts in consumer expectations is an existential threat to big banks still powered by legacy technology. ( read original story ...)

Based on a common 15% float for mega IPOs in Hong Kong, one potential venue, Didi could raise roughly $9 billion in what would be one of the largest tech debuts globally in 2021. The company hasn’t ... ( read original story ...)

Hong Kong moved up one place to fourth in the 29th edition of Global Financial Centers Index (GFCI 29) published by the British think ... ( read original story ...)

An executive at one international investment bank in the city said the firm would have to consider shifting some of its traders to other financial hubs if Hong Kong’s current quarantine policies stay ... ( read original story ...)

China and Hong Kong stocks rose on Thursday, in line with broader gains in other Asian markets, after the U.S. Federal Reserve pledged to maintain accommodative monetary policy and projected a rapid ... ( read original story ...)

Hong Kong’s Hang Seng Index advanced 1.5% on Tuesday morning; Shares of tech and consumer names had plunged last week, weighing on the index; A fund manager foresees the index t ... ( read original story ...)

Chinese search engine and tech giant Baidu, which specializes in artificial intelligence, raised $3.1 billion from a secondary listing in Hong Kong. ( read original story ...)

Guards wearing masks, face shields and protective clothing stood in front of the entrances to HSBC's Hong Kong office to deny people entry. ( read original story ...)

Hong Kong Monetary Authority is shifting focus from shepherding financial innovation with the launch of the eight virtual banks last year towards chivvying digital laggards among the city's small and ... ( read original story ...)

Hong Kong's bankers are working around the clock as the region's companies rush to go public. Companies are trying to "get the deal done as soon as they can", said Stephanie Tang, head of private ... ( read original story ...)

The United States has today deployed sanctions against 24 Chinese and Hong Kong officials for undermining Hong Kong's ability to govern itself and elect its own government. It's the first direct ... ( read original story ...)