Tag: banking

The Hong Kong stock market has moved lower in consecutive trading days, dropping more than 725 points or 3 percent in that span. The Hang Seng Index now rests just beneath the 22,750-point plateau and ... ( read original story ...)

At closing bell, the benchmark Hang Seng Index declined 1.93%, or 447.77 points, to 22,744.86, its lowest level since March 2020. The Hang Seng China Enterprises Index dropped 2.13%, or 175.26 points, ... ( read original story ...)

The United Kingdom unit of Standard Chartered Bank has been fined a record £46.55 million (US$61.48 million) by the country’s financial regulator for internal controls and reporting failures in 2018 ... ( read original story ...)

Ferretti SpA, the Italian luxury yacht builder partly owned by the Ferrari family, is considering an initial public offering in Hong Kong that could raise about $100 million, people with knowledge of ... ( read original story ...)

Chinese artificial intelligence startup SenseTime Group relaunched its Hong Kong initial public offering (IPO) on Monday, a week after it postponed the listing in the wake of the company's inclusion ... ( read original story ...)

Shares of Alibaba Group Holding Limited (NYSE: BABA) and Baidu Inc. (NASDAQ: BIDU) traded slightly higher in Hong Kong on Monday, while JD.Com Inc. (NASDAQ: JD), ... ( read original story ...)

Chinese artificial intelligence firm SenseTime Group Inc. filed updated listing documents with the Hong Kong exchange as it sought to resume its initial public offering, after a U.S. government ... ( read original story ...)

The shares of 93 firms that launched IPOs in the city rose by an average of 13 per cent on the first day of trading, the least among Asia's top five stock markets Chinese IPOs jumped 170 per cent on ... ( read original story ...)

Close to 300 Students from 18 Schools Learn How to Bring Sustainability to Life HONG KONG SAR –  Media OutReach – 19 December 2 ... ( read original story ...)

Sirnaomics Ltd., an RNA therapeutics biopharmaceutical company, is offering 7.54 million shares at HK$65.9-HK$72.7 apiece in its Hong Kong initial public offering, the company said in a statement ... ( read original story ...)

HONG KONG SAR – Media OutReach – 19 December 2021 – Environmental, social and governance (ESG) knowledge should form part of Hong Kong youth’s future skills development, according to the Hong Kong ... ( read original story ...)

Hong Kong officials are working to boost turnout in Sunday's (Dec 19) legislative election, according to diplomats and people familiar with the effort.  As part of those actions, two Chinese ... ( read original story ...)

Around 40 per cent of the banks registered to vote in Hong Kong’s legislative elections on Sunday are foreign-owned, including some partly-owned by their respective governments, despite Beijing’s ... ( read original story ...)

The Financial Conduct Authority said three key parts of HSBC’s automatic monitoring system had serious weakness over an eight-year period until March 2018. ( read original story ...)