In its latest move, the co-working company exited its 90,000-square-foot office in Hong Kong, according to the South China Morning Post. That amounts to a 20 percent reduction in the territory ... ( read original story ...)
Richard Li’s FWD Leaning Toward U.S. for $3 Billion IPO
The company, whose business spans Southeast Asia, Japan and Hong Kong, is seeking to raise about $3 billion through an IPO in the U.S. as soon as the third quarter, the people said. A deal could value ... ( read original story ...)
Hong Kong Monetary Authority Confirms Launch of System for Cross-Currency Securities Transactons with Bank of Japan Financial Network System
Hong Kong Monetary Authority confirms launch of system for cross-currency securities transactons with Bank of Japan Financial Network System. ( read original story ...)
Police bust fraud syndicate, arrest 24 accused of conning Hong Kong credit card companies out of HK$85 million
Gang opened shell companies and issued bogus employment letters and income certificates to stooges to apply for more than 200 personal credit cards, police say. ( read original story ...)
China, Hong Kong begin testing digital yuan as Beijing ramps up research into cross-border use
China will expand cross-border use of its sovereign digital yuan “when the time is ripe”, with technical testing already under way with Hong Kong, the country’s ... head of the People’s Bank of China ... ( read original story ...)
What are SPACs, where are the pitfalls and why is Hong Kong mulling joining in the latest investment craze?
that include SPACs. The financial chief wants to use them to enhance the city’s competitiveness as a fundraising hub while safeguarding small investors. The city is reviewing its options after several ... ( read original story ...)
Hong Kong hit by dozens of trading halts
The trading halts come as the Securities and Futures Commission said in February that it would enhance collaboration with the Financial Reporting Council, which oversees audit activities in Hong Kong, ... ( read original story ...)
Hong Kong stocks tumble as China factory report revives policy tightening concerns, tech stocks end March mayhem
Pork processor WH Group and BOC Hong Kong Holdings led the index losers, each falling by at least 4.6 per cent. The CSI 300 Index of biggest stocks in Shanghai and Shenzhen slipped 0.9 per cent. The ... ( read original story ...)
Chinese consumer tech firm Energy Monster goes public
Goldman Sachs (Asia) L.L.C., Citigroup Global Markets Inc. and China Renaissance Securities (Hong Kong) Limited are the lead underwriters. Energy Monster’s pre-IPO backers include SoftBank Ventures ... ( read original story ...)
Singapore closes in on Hong Kong as arbitration centre
But Singapore has more recently stepped up efforts to present itself as an alternative financial centre to Hong Kong. These include launching a corporate structure designed to lure funds from areas ... ( read original story ...)
Dozens of Hong Kong-listed companies suspend trading on earnings delay
Shares of around 50 Hong Kong-listed companies were suspended from trading on Thursday, according to stock exchange filings. ( read original story ...)
Hong Kong account haunts defence minister
FRESH revelations linking minister of defence and veterans affairs Peter Vilho to an offshore bank account in Hong Kong have brought to the fore a decade-old corruption case, which has haunted the ... ( read original story ...)
Hong Kong and China test cross-border digital yuan, says PBoC official
China has completed its first cross-border pilots of the digital yuan with Hong Kong. Wang Xin, director of the People’s Bank of China research bureau, said that the Hong Kong Monetary Authority ... ( read original story ...)
Hong Kong stocks surge nearly 2%, leading the other Asia-Pacific markets
Hong Kong's Hang Seng led gains among the region's major markets ... The headline large manufacturers index in the Bank of Japan's quarterly tankan business sentiment survey came in at 5, against ... ( read original story ...)