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Tag: banking

Posted on 29/10/2021

Alibaba-Backed Huitongda May Delay $1 Billion Hong Kong IPO

Huitongda Network Co., an e-commerce platform that serves rural China, is considering delaying its planned Hong Kong initial public offering to next year, according to people familiar with the matter. ( read original story ...)

Posted on 29/10/2021

Hong Kong police arrest 32 for selling their bank accounts to scammers who used them to launder US$1.2 million

Twelve domestic helpers were among the five men and 27 women arrested when police mounted an operation against cyber deception in Western district. ( read original story ...)

Posted on 29/10/2021

Is Hong Kong’s status as Asia’s financial capital at risk?

With the 2019 protests and imposition of the National Security Law, plus Covid-19 border closures, is Hong Kong's label as Asia's financial capital at risk? Katie Silver reports ... ( read original story ...)

Posted on 29/10/2021

Exclusive: Hong Kong’s PAG seeking to raise $9 billion with new buyout fund -sources

HONG KONG (Reuters) - Asia-focused investment firm ... when levels ranged between $150 million to $230 million. Yahoo Finance Video ... ( read original story ...)

Posted on 29/10/2021

Hong Kong Stock Market Expected To Snap Losing Streak

The Hang Seng Index now rests just ... Hang Lung Properties spiked 1.86 percent, Hong Kong & China Gas sank 0.51 percent, Industrial and Commercial Bank of China and Xiaomi Corporation both ... ( read original story ...)

Posted on 29/10/2021

Police find body of solo hiker on Hong Kong hillside days after he set off alone

He was found dead in the area four days later. Last month, the body of Shou Fugang, 59, former chairman of Bank of Communications (Hong Kong), was found at Tam Chai Shan, also known as Mount Hallowes, ... ( read original story ...)

Posted on 28/10/2021

AM Best Affirms Credit Ratings of Bank of China Group Insurance Company Limited

HONG KONG, October 28, 2021--(BUSINESS WIRE)--AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of "a-" (Excellent) of Bank of China Group ... ( read original story ...)

Posted on 28/10/2021

Hong Kong housewife swindles finance firms out of US$4 million by using forged documents to mortgage homes owned by in-laws, ex-clients

A Hong Kong housewife on Thursday admitted swindling more than HK$32 million (US$4.1 million) from financial institutions and lenders by using forged legal documents to mortgage properties owned by ... ( read original story ...)

Posted on 28/10/2021

Inflation Weighs On The Mainland As Hong Kong Internet Rebounds

Real estate was off in both Hong Kong and China after property developer Kaisa Group (1638 HK) fell -18.49% after its bonds were downgraded by credit rating agencies. I’ve often believed that rating ... ( read original story ...)

Posted on 28/10/2021

Domino’s Pizza China Franchisee Dash Mulling Hong Kong IPO

Domino’s Pizza Inc.’s master franchisee in China is weighing a Hong Kong initial public offering as soon as next year, according to people familiar with the matter. ( read original story ...)

Posted on 28/10/2021

Watch: Hong Kong sets up trade office in Dubai with ambitious targets

Hong Kong has opened its first Economic Trade Office in the Middle East at Dubai International Financial Centre on the back of increased trade and economic deals with the UAE. The UAE was also one ... ( read original story ...)

Posted on 28/10/2021

Evergrande founder pledges Hong Kong luxury house for bank loans

Chinese financial news caixin.com reported on Wednesday that the property was pledged to the local Hong Kong branch of China Construction Bank, citing documents from the city's Land Registry. The ... ( read original story ...)

Posted on 28/10/2021

Hang Seng Index stages a pre-lunch rebound as bargain hunters swoop in on oversold internet stocks, ignoring Li Ning’s slump

Hong Kong’s benchmark stock index recovered some of its losses ... ignoring the slump in one of China’s largest athletic wear producers. The Hang Seng Index fell 23.93 points, or by less than 0.1 per ... ( read original story ...)

Posted on 28/10/2021

HSBC sets up new wealth and insurance centre as one-stop shop to capture affluent Greater Bay Area clients

HSBC, the largest lender in Hong Kong and Europe, has opened its first centre that combines wealth management, insurance and medical check-up services into a one-stop shop, as part of its broader ... ( read original story ...)

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