The rapid rise and fall of FTX appears to have vindicated the cautious approach taken by the Hong Kong government in the crypto market That collapse has likely made participants in the crypto industry ...
Hong Kong Could Turn Covid Zero Into Money
Hong Kong is separately contemplating a full-fledged central bank digital currency. By the time the monetary authority introduces it, users would be accustomed to a prototype version, which will ...
JD.com’s fintech unit aims to win approval for HK IPO as soon as year end
The financial technology (fintech) arm of Chinese e-commerce firm JD.com aims to win Beijing regulators' approval to list in Hong Kong as soon as the end of the year, three people with direct ...
JD.Com’s Fintech Unit Aims To Go Public In Hong Kong By The End Of This Year – After One Failed Attempt
The listing of the fintech arm of JD.com will be one of the biggest initial public offerings of a Chinese company in Hong Kong since a sweeping regulatory crackdown by Xi Jinpings ...
China’s BYD scraps IPO plan for semiconductor unit
Chinese automaker BYD Co Ltd said on Tuesday it had scrapped plans to list its semiconductor unit in China, saying a move to increase investments in wafer production would significantly affect the ...
JD.Com Fintech Unit Aims to Win Beijing Approval for HK IPO as Soon as Year-End – Sources
The fintech arm of Chinese e-commerce firm JD.Com aims to win Beijing regulators' approval to list in Hong Kong as soon as the end of the year, three people with direct knowledge of the matter said, ...
How Hong Kong’s reboot as a global financial centre can improve lives in the city
Finance can be unleashed as a force for good, to deliver social impact and bring economic windfalls for ordinary citizens, from youth advancement, financial literacy, and promotion of the arts and ...
Consolidation Anticipated For Hong Kong Stock Market
The Hong Kong stock market has finished higher in consecutive trading days, skyrocketing more than 1,600 points or 10 percent along ...
Hang Seng Rises in Mixed Asia Session
Hong Kong stocks led gains in a mixed Asia-Pacific session as Japan’s benchmark index was dragged lower by tech giant SoftBank Group. In Japan, the Nikkei 225 dropped 300.1 points, or 1.1%, to 27,963.
UPDATE 3-Hong Kong rises on COVID pivot signs, property support; China mixed
Hong Kong shares closed higher for a second day on Monday as China optimised COVID-19 control measures, while regulators outlined a plan to shore up liquidity in the struggling real estate sector, ...
Ant’s Consumer Finance Unit to Boost Its Capital to $2.62 Billion
The consumer finance unit of China's Ant Group will boost the company's registered capital to 18.5 billion yuan ($2.62 billion) from 8 billion yuan previously, an exchange filing released on Monday ...
LX Tech connects for HK IPO
At the high end, LX Tech will raise HK$468m in proceeds. Haitong is the sole sponsor, overall coordinator and sole global coordinator, joined by Futu Securities, Tiger Brokers and Dragonstone as ...
Hong Kong stocks jump 2% in mixed Asia session, Softbank shares drop 11%
Hong Kong's benchmark index popped at open as Asia-Pacific markets were mixed after closing the previous week with a big rally, with Japan's benchmark index dragged lower by tech giant SoftBank Group.
Hong Kong busts $191-million ramp-and-dump scheme
Hong Kong’s financial watchdog, the Securities and Futures Commission (SFC), has charged eight suspects of market manipulation in a joint operation with the local police.