Tag: banking

Currency deposits will continue to grow as Chinese tech companies launch IPOs in Hong Kong following tighter regulatory scrutiny on overseas listings by Beijing. ( read original story ...)

Due to the overwhelming response, the final issuance amount of this batch of Silver Bonds will increase to HK$30 billion, with most banks reporting record high subscriptions after the government ... ( read original story ...)

Hong Kong’s economy grew slightly slower than expected in the second quarter, with the recovery set to get a boost from the distribution of consumption vouchers beginning this weekend.Gross-domestic ... ( read original story ...)

Losses were seen again for both Hong Kong and mainland-listed stocks on Friday — a day after they clawed back some gains following a dive early this week. ( read original story ...)

Hong Kong's Hang Seng index fell Friday as tech shares tumbled again in a volatile week of trading. U.S. stocks rallied during Thursday's regular session even as data showed second-quarter GDP rose ... ( read original story ...)

Hong Kong’s Hang Seng index tumbled more than 2% by the afternoon. Declines were seen in tech stocks after they had jumped on Thursday. Alibaba tumbled 5.5%, Tencent was down 4%, and Meituan dived ... ( read original story ...)

Central, as the name denotes, has always been the nerve centre of Hong Kong and a district synonymous with power and money. The local architecture reflects that. Bank headquarters and Exchange Square, ... ( read original story ...)

The city’s benchmark stock index is on course for its biggest weekly loss since February and its worst month since October 2018. Traders trimmed bets amid a surge in regulatory risks and market ... ( read original story ...)

U.S. stock indexes were higher Thursday as traders assessed the disappointing gross domestic product report ahead of Robinhood Markets Inc.'s initial public offering. ( read original story ...)

A quick turn of the steering wheel might benefit Didi Global (DIDI.N). The regulatorily beleaguered Chinese ride-hailing group denied a report that it’s considering going private just a month after an ... ( read original story ...)

Asia was a sea of green following Powell’s press conference. The rally in Hong Kong dual-listed Chinese internet stocks exceeded yesterday’s US rally, which could lead to further gains in the US ... ( read original story ...)

At closing bell, the benchmark Hang Seng Index advanced 3.3%, or 841.44 points, to 26,315.32. The Hang Seng China Enterprises Index added 3.8%, or 344.59 points, to 9,415.69. ( read original story ...)

Beijing Ubox, a Chinese intelligent vending machine maker, is weighing a Hong Kong initial public offering that could raise as much as US$500 million,” Bloomberg reported, citing people familiar with ... ( read original story ...)

Hong Kong's Hang Seng index jumped 2.79% in morning trading on Thursday, continuing its bounce back after closing more than 1% up the day before. ( read original story ...)