Tag: banking

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 ...)

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 ...)

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 ...)

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 ...)

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 ...)

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 ...)

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 ...)

Also, NetEase leads a virtual human startup’s US$5 million round, and a Tencent-backed ride-sharing firm bags US$1.2 billion. ( read original story ...)

Investment banks and corporate advisors are pushing back against Hong Kong's proposed rules for blank check listings, arguing they are too onerous and will not make the city competitive, three sources ... ( read original story ...)

Hong Kong's stock exchange reported its second quarterly profit decline as China's widening crackdown on a broad range of sectors roiled markets and delayed major initial public offerings (IPOs).. ( read original story ...)

Hong Kong Exchanges and Clearing posts net profit of HK$3.25 billion (US$417.9 million) for the July to September period, compared with HK$3.34 billion a year ago ... ( read original story ...)

Investors have been cautious toward Chinese stocks amid Beijing's ongoing regulatory crackdown as well as contagion fears stemming from China Evergrande. ( read original story ...)

Uju’s three per cent share in China’s online short video marketing market – niche but expanding rapidly – makes it the second-biggest player in the field ... ( read original story ...)

Based in Hong Kong, Finverse’s ambitious goal is to enable open banking throughout the Asia-Pacific region. The startup recently came out of stealth mode with $1.8 million in seed funding, and is now ... ( read original story ...)