As more and more businesses understand the moral and commercial importance of operating ethically and sustainably, it is only right that we hold these businesses to account for their commitments. In ... ( read original story ...)
TikTok Rival’s $5.4 Billion IPO Draws Big Investor Following
Kuaishou Technology, which operates one of China’s most popular short-video apps, met with strong investor demand as the company targets the world’s largest float since late 2019, set to value it ... ( read original story ...)
Hong Kong should not take cryptocurrency finance for granted
Flex Yang is the founder and chief executive of Babel Finance, a cryptocurrency financial services company based in Hong Kong. While Hong Kong has seen some setbacks of late, it remains Asia's ... ( read original story ...)
Hong Kong’s $600 Billion Stock Rally Hinges on China Support
Hong Kong’s stock rally is so dependent on mainland capital that the mere suggestion the record inflows will slow has the potential to stir panic in the city’s $7.1 trillion market. ( read original story ...)
Retail buyers flood China’s Kuaishou HK IPO with $162 bln offered
China's Kuaishou Technology 1024.HK raised $5.4 billion from its IPO, the top of the range, with offers from retail investors reaching a mammoth $162 billion, nearly half of it backed by margin loans, ... ( read original story ...)
Bogus banknote seizures up 68 per cent last year, as Hong Kong police raid fake bill workshop, detain mother-daughter pair
Officers arrest tenant of a flat in Fanling and her daughter, seizing 54 bogus HK$500 banknotes along with unfinished bills, production equipment. ( read original story ...)
Exclusive: Hong Kong police obtain financial records of arrested democracy activists
Hong Kong authorities are scrutinizing the financial records of pro-democracy activists as they crack down on political opposition, according to some activists and a senior bank executive. ( read original story ...)
Hong Kong investors pile into Kuaishou’s $5.4bn IPO plan
Chinese short-video platform Kuaishou Technology expects to price its initial public offering of up to $5.4 billion at the top end of the marketed range, after heavy demand for what is shaping up to ... ( read original story ...)
Hong Kong stocks notch 4th monthly gain on record mainland demand
Hong Kong stocks ended lower on Friday, though the index posted its fourth consecutive monthly gain - the longest winning streak since early 2019 - as mainland buying hit a monthly record via the ... ( read original story ...)
BOC debuts yulan bonds through Hong Kong branch
Bank of China Hong Kong has sold the first yulan bond, a new asset class that was only launched in December, raising $500m from the market. But the deal saw limited interest as investors come to grips ... ( read original story ...)
Hong Kong’s Economy Contracts by Record 6.1% in Pandemic Year
Hong Kong’s economy shrank by a record in 2020, with the global pandemic dragging down output in a city already reeling from massive political upheaval. ( read original story ...)
Retail loans for China’s Kuaishou HK IPO surge past $60 billion amid GameStop frenzy
China's Kuaishou Technology priced its Hong Kong IPO at the top of the range to raise $5.4 billion, three sources said, as retail investors swarmed the offering, depositing more than $60 billion in a ... ( read original story ...)
Hong Kong Bourse Tipped To Stop The Bleeding On Friday
The Hong Kong stock market has finished lower in three straight sessions, plummeting more than 1,600 points or 5.2 percent along the way. The Hang Seng Index now rests just above the 28,550-point ... ( read original story ...)
Hong Kong stocks rebound as Tencent regains footing after biggest slump in global markets since October
Hong Kong stocks are poised to end a three-day losing streak as overnight gains in US equities and better job-market reports aid trading sentiment. The Hang Seng Index has risen more than 5 per cent ... ( read original story ...)