Tag: banking

National security police freeze HK$2.2 million worth of alliance’s assets in connection with case The group behind Hong Kong’s annual Tiananmen Square vigil and three of its leaders have been charged ... ( read original story ...)

HSBC once touted itself as “the world’s local bank.” But if 2008 taught global banks anything, it’s that bigger isn’t necessarily better. Global ambitions in retail banking have fallen out of favor as ... ( read original story ...)

Asian equities were largely off today with South Korea and Hong Kong down on internet regulation news. South Korean internet giants Naver and Kakao were hit again as the government looks to supervise ... ( read original story ...)

The electric vehicle maker filed for a listing in Hong Kong in March, but isn’t likely to debut in the Asian financial hub before early 2022, Bloomberg reported. ( read original story ...)

China Evergrande Group's stock in Hong Kong briefly dropped below its IPO price in Wednesday trade before rising 3.92% by the market close. ( read original story ...)

Chinese electric-car maker Nio Inc. may delay its planned Hong Kong listing to next year, according to people familiar with the matter.The U.S.-traded company filed for a second listing in Hong Kong ... ( read original story ...)

China’s long-awaited plan to allow investments for private wealth between Hong Kong and its increasingly affluent southern region is set to kick off in the next few days. The start was announced on ... ( read original story ...)

Many Fed officials signalled on Wednesday that central bank asset purchase tapering will get underway this year, backed up by a monster jobs report. ( read original story ...)

Chinese dissident and artist Ai Weiwei has said Credit Suisse told him it was closing his foundation's bank account in Switzerland earlier this year citing his "criminal record" in China, despite the ... ( read original story ...)

Artificial intelligence has delivered as much in controversy as it has for investors. Nowhere does that hold truer than for China’s AI “dragons”, the largest of which, SenseTime, is now seeking a Hong ... ( read original story ...)

Hong Kong stocks headed for their worst day in almost three weeks on Thursday as tech shares tumbled on China's tightening oversight on gaming companies, while China Evergrande Group plunged on ... ( read original story ...)

The Hong Kong stock market on Wednesday wrote a finish to the two-day winning streak in which it had picked up more than 450 points or 1.8 percent. The Hang Seng Index now rests just above the ... ( read original story ...)

Hong Kong’s economy is expected to catch up with rival financial hub Singapore’s pace of expansion this year for the first time since 2008. ( read original story ...)

The bank loans come as a regulatory crackdown on China's technology sector casts a shadow over ByteDance's hotly anticipated IPO. ( read original story ...)