Tag: banking

Online insurance broker announces plan to privatize as China gets set to roll out tough new regulations in January Company could go public again in Hong Kong, ... ( read original story ...)

China’s central bank on Tuesday issued 5 billion yuan (about 784.57 million U.S. dollars) worth of six-month renminbi central bank bills in (SAR), with an interest rate of 2.5 percent. The issuance ... ( read original story ...)

Plus, electric vehicle startup Xpeng gets in trouble for abusing facial recognition tech; the editor-in-chief of the Global Times steps down; and the U.S. slaps sanctions on a range of Chinese ... ( read original story ...)

By Nick Dealy, partner, and Kritika Sethia, legal analyst, for Gall Hong Kong In a significant advancement towards inclusiveness, the amendment to the Sex Discrimination Ordinance (“SDO”) prohibiting ... ( read original story ...)

Baidu Inc. (NASDAQ: BIDU), JD.Com Inc. (NASDAQ: JD), Li Auto Inc. (NASDAQ: LI) and Xpeng Inc. (NYSE: XPEV) traded ... ( read original story ...)

China's central bank on Tuesday issued 5 billion yuan (about $784.57 million) worth of six-month renminbi central bank bills in Hong Kong Special Administrative Region, with an interest rate of 2.5 ... ( read original story ...)

Democratic Progress under the framework of ‘one country, two systems’”, setting the record straight that there was no democracy under British colonial rule and the joint declaration does not mention ... ( read original story ...)

SenseTime Group, China’s biggest artificial intelligence company, has reopened its HKD6 billion (USD769 million) Hong Kong initial public offering and quitted all overseas cornerstone investors after ... ( read original story ...)

Hong Kong-based insurance company FWD Group Holdings has withdrawn its US IPO filing, just three months after first announcing the transaction. The firm, backed by billionaire businessman Richard Li, ... ( read original story ...)

FWD Group Ltd., the Hong Kong-based insurer backed by billionaire Richard Li, withdrew its U.S. initial public offering as China tightens its grip on overseas listings. ( read original story ...)

Hong Kong "patriots only" elections witnessed a record low voter turnout as pro-government candidates swept into the expanded legislature. ( read original story ...)

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 ...)