Financial support is based on performances at international events but the Institute wants athletes to focus on the Tokyo Olympics without worrying about funding. ( read original story ...)
Ant’s record IPO refund causes Hong Kong’s dollar deposits to fall by HK$1 trillion in November, slows hot money inflow
The suspension of Ant Group's jumbo IPO in November caused deposits in Hong Kong's banking system to fall sharply during the month and led to a slow down of hot money inflow into the city, Hong Kong ... ( read original story ...)
Hong Kong opposition abandons plans to form platform for cross-party cooperation amid national security law threats
The Hong Kong Citizens’ Deliberative Platform had aimed to unite the city’s opposition factions, but a high-ranking official last week said it could violate the national security law. ( read original story ...)
How Financial Disclosure Helps Companies Tell Their Story And Build Their Brand
As we ring in the new year, Asian companies should consider better environmental disclosure, including exposure to risk from the changing climate, among their 2021 resolutions. ( read original story ...)
HK should leverage CBDC to gain digital finance leadership
China is now playing a leading role in the development of Central Bank Digital Currency, or CBDC, while many countries around the world have also shown increasing interest in it. For example, Sweden ... ( read original story ...)
Hong Kong Growth Stocks Including Alibaba Continue Year-End Rise
Hong Kong volume leaders were Tencent, which rose +5.47%, Alibaba Hong Kong, which was up +6.4%, Meituan, which gained +5.27%, Xiaomi, which rose +0.46%, Semiconductor Manufacturing, which was up +11. ( read original story ...)
Kuaishou to extend working hours ahead of IPO as it struggles to make profit
All Kuaishou employees will be required to work an extra day every two weeks ahead of its IPO, according to people familiar with the matter. ( read original story ...)
Kuaishou asks staff to work extra days ahead of Hong Kong IPO
Kuaishou is under tremendous pressure ahead of an IPO as it struggles to compete with rivals such as Douyin and Bilibili in the online entertainment sector. ( read original story ...)
Hong Kong stocks mark 10-month closing high on recovery hopes
Hong Kong stocks climbed on Wednesday to a 10-month closing high, tracking gains in other Asian markets, as investors bet on a strong global economic recovery next year. ** At the close of trade, the ... ( read original story ...)
Eight Hong Kong police officers charged over false accusations, harassment of street sleepers
The six men and two women were arrested earlier this year after complaints they had bullied homeless and destroyed property at Tung Chau Street park. ( read original story ...)
China’s IPO market is set to keep booming in 2021, says investor
Noah Holdings' William Ma expects the demand for IPOs in China to remain high next year, following a "very exciting" 2020. ( read original story ...)
News for Hang Seng Bank
Moody's downgrades Hongkong and Shanghai Banking Corporation, Hang Seng Bank and DBS Bank (Hong Kong)'s long-term Counterparty Ris ... ( read original story ...)
Hong Kong Bourse Expected To Open Under Pressure On Wednesday
The Hong Kong stock market bounced higher again on Tuesday, one session after snapping the two-day winning streak in which it had advanced more than 260 points or 1 percent. The Hang Seng Index now ... ( read original story ...)
How ‘bad feng shui’ at Government House prompted Hong Kong’s first chief executive Tung Chee-hwa to abandon official residence
Decision prompted government to lease property next to Tung’s own second-floor flat in Grenville House for HK$120,000 a month to expand floor area, archives reveal. ( read original story ...)