Tag: banking

Chinese e-commerce and service business Huitongda Network has begun pre-marketing its up to $500m Hong Kong IPO, according to a source close to the deal. Huitongda, backed by Alibaba Group Holding, is ... ( read original story ...)

There is no need for pessimism after the sell-off in recent months, according to Haitong International and Soochow Securities. Look for structural reforms even as policy tightening rolls on, says BNP ... ( read original story ...)

JPMorgan Chase & Co plans to boost its private banking business headcount in Asia by more than 100 this year, two people with direct knowledge of the matter said, joining its peers in a push to grab a ... ( read original story ...)

China's central bank said on Monday it fined Hong Kong's Bank of East Asia 0023.HK 16.74 million yuan ($2.63 million) for violating rules on collecting credit information, a filing showed. The penalty ... ( read original story ...)

Chinese cosmetics manufacturer Shanghai Chicmax Cosmetic Co. is planning an initial public offering in Hong Kong as soon as this year, according to people familiar with the matter. ( read original story ...)

Asian stock markets were mixed Monday after Wall Street fell on worries the Federal Reserve will raise interest rates as soon as March. Shanghai and Hong Kong advanced. ( read original story ...)

Dollar-denominated bond supply may peak this week as borrowers look to print deals before further rate volatility kicks in and ahead of the Chinese New Year holidays beginning January 31. At least ... ( read original story ...)

About 310,000 people benefited from cash allowances under Comprehensive Social Security Assistance scheme by the end of November last year. ( read original story ...)

Its buy now, pay later service has received over 60,000 applications. Hong Kong’s livi bank has reached 200,000 customers in the city by end-2021, double that seen in mid-year. Of these, over eight in ... ( read original story ...)

The surge in bank demand for bankers’ acceptance bills (BABs) in December 2021 should prove temporary, and is not likely to presage weakness in more traditional lending activity over 2022, says Fitch ... ( read original story ...)

Date Hong Kong Dollar to Euro Monthly Exchange Rates; Saturday 1 January 2022: $1 HKD = €0.1128: Hong Kong Dollar Euro rate for 01/01/2022: Sunday 2 January 2022: $1 HKD = €0. ( read original story ...)

Social media users in mainland China have created an online campaign to boycott Hong Kong broadcasting station TVB for awarding actress Ali Lee Kai-sum Best Actress of 2021 on Sunday for her drama AI ... ( read original story ...)

Huitongda, an commerce platform backed by Alibaba, will start its investor education process this week, sources say The Hong Kong bourse's listing committee gave its approval for the company to move ... ( read original story ...)

Shares of U.S.-listed Chinese tech companies rose in Hong Kong on Friday, leading the benchmark Hang Seng Index higher. What’s Moving: Shares of Alibaba Group ... ( read original story ...)