Prudential, the biggest UK insurer by market value, priced its Hong Kong share placement at a 2.6 per cent discount to its closing price on Friday. ( read original story ...)
Board of Mox Bank Ltd Confirms Appointment of Barbaros Uygun as CEO of Mox
The Board of Mox Bank Ltd appoints Barbaros Uygun as the CEO of Mox and Executive Director of the Board (starting Monday). ( read original story ...)
Banking Giant, HSBC, Partners with 8 Countries to Support CBDC Plans
HSBC stated that these countries were exploring digital currencies and different ways of boosting innovation in the financial sector. ( read original story ...)
Hong Kong: SJ stands against foreign meddling
Last Friday, the Ministry of Foreign Affairs issued a fact sheet setting out a host of malicious acts of the US in interfering in Hong Kong affairs and supporting anti-China, destabilising forces. It ... ( read original story ...)
US hypocrisy ‘deeply hurt’ Hong Kong, says city’s finance chief, as he urges Washington to respect Chinese sovereignty
Financial Secretary Paul Chan lauds Beijing’s list of ‘US crimes’ and urges Americans to respect Chinese sovereignty and stop meddling in city’s affairs. ( read original story ...)
Hong Kong rises to third place among world’s financial centres
Hong Kong ranked third globally in the latest Global Financial Centers Index (GFCI) published by the British think tank Z/Yen Group and China Development Institute in Shenzhen Friday, rising by one ... ( read original story ...)
HSBC, UBS among big banks to have cut exposure to China Evergrande as outlook worsens for debt-stricken developer
Financial companies have sought to reassure investors in recent days, saying their exposure to the world’s most indebted developer was immaterial or minimal. ( read original story ...)
Exome-Backed Broncus Holding Corporation Launches Hong Kong Public Offering
The IPO was valued at $1.26 billion and will trade on the Stock Exchange of Hong Kong ("HKEX"). Exome was also part of Broncus Holding Corporation's Series D round in early 2021. Sam Isaly, Managing ... ( read original story ...)
HSBC, Bank of China among 11 lenders to complete US$619 million in deals as southbound Bond Connect debuts
Eleven Hong Kong lenders including HSBC and Bank of China (Hong Kong) completed 4 billion yuan (US$618.73 million) worth of transactions on the first day of trading of the newly launched southbound ... ( read original story ...)
Hong Kong rises to 3rd place among world’s financial centers
Hong Kong ranked third globally in the lates Global Financial Centers Index GFCI published by the British think tank ZYen Gro ... ( read original story ...)
BizBeat Ep.227: Southbound Bond Connect kicks off; Two-way financial market opening-up speeds up
China has launched Southbound Bond Connect to allow mainland investors to trade bonds in Hong Kong. This is another major measure taken by China to support the development of Hong Kong. The southbound ... ( read original story ...)
Apollo Unit Backs Hong Kong Insurer FWD’s $3 Billion U.S. IPO
Hong Kong tycoon Richard Li’s FWD Group landed a $400 million investment as part of the Asian insurer’s plans for a multibillion-dollar U.S. listing. ( read original story ...)
HSBC, Bank of China among five lenders to complete deals as southbound Bond Connect debuts
The southbound Bond Connect link allows 13 Hong Kong banks to trade bonds for 41 mainland banks and 173 professional investors in the city, with the daily quota set at 20 billion yuan and 500 billion ... ( read original story ...)
HK’s financial ranking rises
Hong Kong ranked third in the latest Global Financial Centres Index Report, up by one place from the last index, the Government says. ( read original story ...)