Bank of China closed the account of Tang Kai-yin, one of 12 Hong Kong fugitives detained on the mainland, the South China Morning Post reported, citing his family. ( read original story ...)
HSBC should reveal its hand on Hong Kong, warns Patten
HSBC is facing mounting pressure over its stance on Hong Kong after freezing the bank accounts of several pro-democracy supporters ... ( read original story ...)
Bank of China cited ‘commercial and administrative reasons’ for closing account of Hong Kong fugitive detained on mainland, family says
The bank account of one of the 12 Hong Kong fugitives detained in mainland China while trying to flee to Taiwan was closed for "commercial and administrative reasons", his family said on Saturday. The ... ( read original story ...)
US lets banks off for serving sanctioned officials in Hong Kong crackdown, in a relief for Bank of China, Citi, HSBC, StanChart
The move is likely to come as a relief to major lenders and financial institutions such as Bank of China, Citigroup, HSBC and Standard Chartered, that have been trying to distance themselves from ... ( read original story ...)
Finance Capitals Imperiled by Threats Beyond Working From Home
As global finance leaders take a fresh look this year at the hubs that have long been their homes, they’re increasingly seeing high costs and political chaos. ( read original story ...)
Pop Mart’s IPO Pops As Hong Kong Growth Outperforms, Week In Review
Asia ended the week largely up with Mainland China underperforming as US-China tit-for-tat political rhetoric weighed on sentiment, leading to rounds of profit-taking. The big news in an otherwise ... ( read original story ...)
Hong Kong’s Silver Bonds lure senior citizens as government promises to pay seven times more than banks in annual interest
Demand for the latest Silver Bonds offering 3.5 per cent annual coupon has already exceeded that recorded for four previous issues, according to joint lead manager HSBC. ( read original story ...)
Former Hong Kong Lawmaker Urges U.S. to Punish China’s ‘ATM’: the Banking Sector
The United States should target Hong Kong's financial sector with tougher sanctions to deprive China from its 'ATM' and to force Beijing to the negotiating table over its crackdown on the Asian ... ( read original story ...)
China Toymaker Joins Global IPO 1st-Day Pop Party with 112% Jump
A Chinese maker of toys encased in “mystery boxes” is the latest company to join the global initial public offering first-day pop party. ( read original story ...)
Hong Kong restaurants and bars feel they can’t survive new Covid rules without subsidies, says tycoon
Hong Kong is reimposing strict Covid regulations in a bid to control the coronavirus situation in the city. Allan Zeman, chairman of Lan Kwai Fong Group, discusses what this means for food and ... ( read original story ...)
Chinese toy maker Pop Mart doubles in value in Hong Kong IPO debut
Chinese toy maker Pop Mart International Group, seller of the renowned 'Molly' doll and figurines wildly popular among China's cashed-up millennials, is now worth $14 billion after its stock price ... ( read original story ...)
Pop Mart shares jump 100% in Hong Kong IPO debut
Pop Mart 9992.HK shares opened 100% higher in its Hong Kong stock market debut on Friday after the Chinese toy maker raised $676 million in an initial public offering (IPO). The company priced its IPO ... ( read original story ...)
Hong Kong’s finance chief forecasts economic recovery next year, but admits it all depends on Covid-19 vaccine and US-China relations
Financial Secretary Paul Chan forecasts recovery in second half of 2021, but says it will depend on availability of Covid-19 vaccine, and improvement in US-China relations. ( read original story ...)
Hong Kong IPO Makes This 33-Year-Old Chinese Toy Tycoon A Billionaire Several Times Over
Wang Ning saw his wealth surge almost three fold this year, thanks to strong investor demand for the initial public offering of his Pop Mart International Group. ( read original story ...)