Hong Kong's financial systems and money markets have continued to operate in an orderly and smooth manner, said Eddie Yue, chief executive of the Hong Kong Monetary Authority (HKMA), on Thursday. The ... ( read original story ...)
Shoe Retailer Belle Is Said to Plan $1 Billion Hong Kong IPO
Belle Fashion Group is targeting to raise about $1 billion in its Hong Kong initial public offering, people familiar with the matter said, five years after private equity firms took China’s biggest ... ( read original story ...)
China Swiss IPOs as predictable as a cuckoo clock
Three mainland-listed firms, including $23 billion construction equipment maker Sany Heavy Industry , said they plan to sell shares in Zurich. The move fits with Beijing’s push to encourage more ... ( read original story ...)
Hong Kong’s Hang Seng index soars 5% as Asian stocks jump, with Japan’s Nikkei up around 3%
The U.S. Federal Reserve on Wednesday approved a 0.25 percentage point rate hike, the first increase since Dec. 2018. ( read original story ...)
Eddie Yue: HK Banking System’s Liquidity Sufficient; HK Rates Likely to Lag Behind US Rates This Cycle
Responding to the U.S. Federal Reserve's decision to hike interest rates by 0.25%, Eddie Yue, Chief Executive of the Hong Kong Monetary Authority, expressed that the liquidity of the Hong Kong banking ... ( read original story ...)
Hong Kong Bourse Poised To Extend Recovery On Thursday
The Hong Kong stock market emphatically halted the brutal three-day losing streak in which it had plummeted more than 2,450 points or 12.5 percent to a six-year closing low. The Hang Seng now sits ... ( read original story ...)
Hong Kong Raises Benchmark Interest Rate After Fed Tightens
The Hong Kong Monetary Authority raised its benchmark interest rate by 25 basis points, after the U.S. Federal Reserve did the same. Most Read from Bloomberg7.4 Magnitude Quake Hits North Japan, ... ( read original story ...)
Animoca Brands welcomes banking giant HSBC into The Sandbox
The financial giant’s involvement is expected to open the door for other global institutions to continue innovating in Web3 as ... ( read original story ...)
Charts suggest the Nasdaq-100, S&P 500 and Hong Kong’s Hang Seng Index could be days away from bottoming, Jim Cramer says
The "Mad Money" host used legendary chartist Tom DeMark's 13-session countdown pattern to explain why the Nasdaq-100 and S&P 500 could be days away from finding a bottom. ( read original story ...)
EQT Continues Its Post-IPO Expansion With A $7.5 Billion Deal For An Asian Private Equity Power
EQT is already one of the biggest private equity firms in Europe. Now, it will try to conquer another continent. The Swedish investor agreed today to acquire Baring Private Equity Asia for $7.5 ... ( read original story ...)
Hong Kong Legco approves HK$270.4 billion provisional funding request, some lawmakers say amount ‘very high’
Secretary for Financial Services and the Treasury Christopher Hui Ching-yu says funding will keep government afloat in the interim. ( read original story ...)
Hong Kong’s flagship bank HSBC heads into The Sandbox metaverse
HSBC, a leading global banking and financial services provider, announced a partnership with blockchain gaming platform The Sandbox, in a statement released on Wednesday, to build its presence in the ... ( read original story ...)
Hong Kong can take advantage of any ‘mass delisting’ of Chinese firms in US, Financial Secretary Paul Chan says
If Chinese firms chose Hong Kong as a listing venue to hedge against the risk of being delisted from US exchanges, the city could capture ‘at least 90 per cent’ of their market capitalisation, Chan ... ( read original story ...)
Hong Kong’s Hang Seng Index recovers lost ground with record gain amid financial stability pledge
Hong Kong's Hang Seng Index closed 9.08 percent higher on Wednesday to ascend to 20,087.5 points after hitting a new low in nearly a decade, as the authorities reassured investors that the financial ... ( read original story ...)