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Tag: banking

Posted on 04/01/2022

Third Hong Kong news outlet says it will shut down as pro-China lawmakers take power

Hong Kong’s Citizen News has announced it will close “with a heavy heart” ​amid a crackdown on dissent as a group of lawmakers loyal to China’s Communist Party were sworn ... ( read original story ...)

Posted on 03/01/2022

Hong Kong news site to shut; pro-Beijing lawmakers sworn in

A group of lawmakers loyal to China’s Communist Party were sworn in to Hong Kong's Legislature on Monday following an election without opposition candidates, as yet another pro-democracy news outlet ... ( read original story ...)

Posted on 03/01/2022

Hong Kong banks must step up preparedness for extreme climate events and carbon policy changes, stress test finds

More intense climate hazards will cause banks to suffer an annual operational loss of US$282 million, HKMA says HKMA will conduct a similar test two years from now, CEO says Hong Kong banks need to ... ( read original story ...)

Posted on 03/01/2022

Top 15 IPOs to keep an eye on in 2022, as Hong Kong tries to put a difficult year behind it

Hong Kong's main board dropped to third place last year from second in 2020 in international rankings More than 70 per cent of firms that listed in the city in 2021 saw their stock prices trade below ... ( read original story ...)

Posted on 03/01/2022

China Spells Out Rules for Overseas IPOs of Domestic Companies, VIEs

China has fleshed out the rules for its domestic companies listing IPOs overseas, including companies that are structured as variable interest entities. ( read original story ...)

Posted on 03/01/2022

Evergrande suspends trading of shares in Hong Kong

Embattled Chinese property developer Evergrande suspended trading in Hong Kong on Monday as the heavily indebted company contends with an ongoing real estate crisis. ( read original story ...)

Posted on 03/01/2022

Alibaba, JD Fall As Evergrande Suspends Hong Kong Trading; EV Stocks Strike Gains On Upbeat Deliveries

Shares of Alibaba Group Holding Limited (NYSE: BABA) and JD.Com Inc. (NASDAQ: JD) fell in Hong Kong on Monday, while Xpeng Inc. (NYSE: XPEV), Li Auto Inc. (NASDAQ: LI) ... ( read original story ...)

Posted on 03/01/2022

Hong Kong’s airport authority mandates 22 banks for U.S. dollar bond issuance

The Airport Authority Hong Kong has mandated 22 banks including Bank of America, BNP Paribas and HSBC for a U.S. dollar-denominated multi-tranche bond issuance, according to a term sheet seen by ... ( read original story ...)

Posted on 03/01/2022

15 IPOs to keep an eye on in 2022, as Hong Kong tries to put a difficult year behind it

Hong Kong's main board dropped to third place last year from second in 2020 in international rankings More than 70 per cent of firms that listed in the city in 2021 saw their stock prices trade below ... ( read original story ...)

Posted on 03/01/2022

More than 70 per cent of new Hong Kong listings ended 2021 below their IPO price, hit hard by Beijing’s tech crackdown

Eight of the 10 largest IPOs in Hong Kong last year would have delivered losses to investors who held the shares until the end of the year The only winners among the large IPOs were electric car ... ( read original story ...)

Posted on 03/01/2022

HSBC wins ‘best cash management bank’ award

The Hongkong and Shanghai Bank Corporation (HSBC) has been recognised as the best cash management bank at the CorporateTreasurer Awards 2021. ( read original story ...)

Posted on 02/01/2022

Hong Kong financial chief expects 2021 GDP growth to reach 6.4%

Hong Kong’s Financial Secretary Paul Chan expects the city’s economic growth to reach 6.4% in 2021, marking a recovery from two years of recessions as the government largely keeps Covid-19 at bay. ( read original story ...)

Posted on 02/01/2022

H.K. Financial Chief Expects 2021 GDP Growth to Reach 6.4%

Hong Kong’s Financial Secretary Paul Chan expects the city’s economic growth to reach 6.4% in 2021, marking a recovery from two years of recessions as the government largely keeps Covid-19 at bay. ( read original story ...)

Posted on 02/01/2022

Hong Kong property developers, blamed for the city’s housing crisis, cleared up their act in 2021. Here’s how

Hong Kong property developers tried to change their image by introducing environmental, social and corporate governance initiatives, such as social housing and other projects aimed at benefiting the ... ( read original story ...)

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