King & Wood Mallesons has added a new partner to its Hong Kong Office, in its most recent addition from an international rival. Corey Zhang joins the firm from Clifford Chance, where he was a ... ( read original story ...)
Hong Kong court finds a broker and three former executives guilty of fraud, in a win for ICAC’s clean-up of Convoy’s financial scandal
Hong Kong's graft busters scored a victory in their attempt to prosecute one of the city's biggest financial fraud cases in recent decades, when a court declared three former executives of Convoy ... ( read original story ...)
Hong Kong Tycoons Won’t Escape Chinese Populism
Investors are clearly worried that Beijing’s recent “common prosperity” call could soon be heard in the freewheeling financial center, too. ( read original story ...)
Hong Kong Stocks Drop As Evergrande Rout Deepens; Property, Banks Plunge As Contagion Spreads
Hong Kong’s benchmark stock index plunged 3.3% to close at a near one-year low of 24,099.14 as contagion spread from the collapse of shares at real estate developer China Evergrande Group into the ... ( read original story ...)
HKEX seeks feedback on Spac IPO framework
The HKEX published a consultation paper seeking feedback on a draft framework regulating Spacs, also known as blank cheque firms. These are shell companies that raise funds via an IPO for the sole ... ( read original story ...)
Southeast Asia’s Carousell is considering all growth options including IPO, CEO says
Carousell said last week it raised $100 million in fresh funds that valued the company at more than a billion dollars. ( read original story ...)
Hong Kong Seen Struggling to Lure SPACs With Strict Rulebook
Hong Kong could have a hard time attracting blank check companies after it proposed a high threshold to list in the city. In a consultation paper released on Friday, Hong Kong Exchanges & Clearing Ltd ... ( read original story ...)
COMMENT: Are Hong Kong property tycoons China’s next target?
Hong Kong's red-hot real estate market has been a driver of social unrest. It’s only a matter of time before Beijing targets the sector under its common prosperity campaign. ( read original story ...)
Hang Seng index drops more than 3% as Evergrande shares plunge 10%, other property stocks fall
The Hang Seng index dropped 3.3% to close at 23,099.14. Shares of China Evergrande Group in the city plummeted 10.24%, after falling as much as 17% earlier. The Hang Seng Properties index dropped to a ... ( read original story ...)
Hang Seng index slapped Amid the Evergrande share price meltdown
The Hang Seng index dropped to the lowest level in eleven months as contagion risks rose. The index declined by more than 3.3% ... ( read original story ...)
Hong Kong’s Hang Seng index drops nearly 4% as Evergrande shares plunge nearly 17%, other property stocks fall
Hong Kong's Hang Seng index led losses in Monday trade, with shares of embattled Chinese developer China Evergrande Group continuing to drop. The Hang Seng Properties index declined nearly 7%, ... ( read original story ...)
Evergrande contagion fears hit Hong Kong stocks, with default expected
Fears of a contagion from the potential collapse of battered Chinese real estate giant Evergrande sent property shares plunging in Hong Kong on Monday ... China Minsheng Bank, Agricultural Bank of ... ( read original story ...)
Hong Kong property firms plunge as Evergrande fears grow
The Hong Kong stock exchange tumbled Monday over fears of a contagion from the potential collapse of Chinese real estate giant Evergrande as it struggles under a mountain of debt.The firm, one of the ... ( read original story ...)
RPT-Hong Kong shares, yuan battered by plunging property stocks
Hong Kong shares fell to an 11-month low and the offshore yuan weakened on Monday, as a plunge in beleaguered property developer China Evergrande Group led other stocks in the sector lower. ( read original story ...)