Asia-focused insurer FWD Group is aiming to raise up to $1 billion in a Hong Kong initial public offering (IPO) by the middle of the year, two sources with direct knowledge of the matter told Reuters. ( read original story ...)
Hang Seng Bank (OTCMKTS:HSNGY) Downgraded by Zacks Investment Research to “Strong Sell”
Zacks Investment Research downgraded shares of Hang Seng Bank (OTCMKTS:HSNGY – Get Rating) from a hold rating to a strong sell rating in a report released on Thursday, Zacks.com reports. According to ... ( read original story ...)
Indian Economy, Hong Kong Stocks Hurting Most in Asia
When India reports GDP later today, the numbers won't factor in the future heavy cost to the country of higher oil prices. ( read original story ...)
Chinese Fitness App Keep Files for Hong Kong IPO After Dropping US Listing Plans
China’s largest mobile sports platform Keep has applied for an initial public offering on the Hong Kong stock exchange nearly a year after abandoning its previous plan to go public in the US due to ... ( read original story ...)
Hong Kong domestic helpers abandoned as COVID takes a toll
A rapid spread in COVID-19 cases in Hong Kong has put the plight of domestic helpers in the global financial hub in the spotlight after some were fired or made homeless by their employers when they ... ( read original story ...)
Energy, material stocks lift China A-shares; Hong Kong slips
Chinese A-shares closed higher on Monday, boosted by gains in raw material and energy firms as the Russia-Ukraine conflict lifted commodity prices, while Hong Kong’s Hang Seng slipped as the city ... ( read original story ...)
China EV Maker Nio to List in Hong Kong; Won’t Raise Money
Chinese electric-car maker Nio Inc. will start trading on the Hong Kong stock exchange next week, choosing a path to listing that doesn’t involve selling new shares or raising any money.Most Read from ... ( read original story ...)
HSBC, Standard Chartered, Hang Seng Bank and BEA last year set aside a combined US$1.02 billion to cover for Chinese property sector risks
Time will tell as to whether that sector has more losses coming or not, says HSBC CEO While profitability at larger lenders HSBC and Standard Chartered was not hurt by the provisions, it declined 16 ... ( read original story ...)
HSBC, Standard Chartered, Hang Seng Bank and BEA set aside a combined US$1.02 billion to cover for Chinese property sector risks
The provisions at HSBC, Hang Seng Bank, Standard Chartered and Bank of East Asia, revealed during results announcements over the past two weeks, hint at the impact the developers’ credit crunch has ... ( read original story ...)
Hong Kong Arbitration Remains Resilient Despite Detractors
A question of confidence Peter Burnett, a senior managing director at Standard Chartered Bank in Hong Kong, was bullish over the city’s prospects as both a finance and dispute resolution capital. He ... ( read original story ...)
Hong Kong Monetary Authority Announces Enhancements to SME Financing Guarantee Scheme
The Hong Kong Monetary Authority (HKMA) notes that they have made enhancements to the SME Financing Guarantee Scheme. ( read original story ...)
Distressed Hong Kong mothers bemoan long waiting times, delayed treatment at public hospitals’ emergency wards
Advice from netizens had one common point: ‘don’t go to public hospitals even if your children become very ill’. ( read original story ...)
Hong Kong reports record daily COVID cases and 83 deaths
Hong Kong health authorities on Sunday reported a record 26,026 daily COVID-19 infections, as an outbreak of the highly transmissible Omicron variant overwhelms healthcare facilities and proves ... ( read original story ...)
Coronavirus Hong Kong: finance chief calls for ‘solidarity’ as he asks big landlords to offer rental aid to struggling tenants
Financial Secretary Paul Chan's appeal comes one day after city's leader asks developers to relieve rental 'burden' placed on tenants Chief Executive Carrie Lam and Chan highlight example of Swire ... ( read original story ...)