The yuan replaced the US dollar as the most used currency in transactions in the Greater Bay Area development zone, a local branch of the country’s central bank said. ( read original story ...)
Hong Kong government ‘strongly’ objects to U.S. congressional report
HONG KONG (Reuters) - The Hong Kong government said it “strongly ... through legislation is in line with international practice,” the government of the financial hub said in a statement late on Friday ... ( read original story ...)
ByteDance rival Kuaishou receives approval for $6.6b IPO in Hong Kong
HONG KONG • Kuaishou Technology, the main rival to ByteDance, has received approval from the Hong Kong Stock Exchange for an initial public offering of about US$5 billion (S$6.6 billion), according to ... ( read original story ...)
Xiaomi Takes $11 Billion Sanction Hit, Chinese Financials Pre-Announce Positive Earnings, Week In Review
Asian equity markets saw a bout of profit taking accompanied by higher volumes as South Korea and India underperformed. The US Department of Defense added Xiaomi and eight other companies to the list ... ( read original story ...)
Hong Kong Exodus Could Spur $36 Billion in Outflows: BofA
Hong Kong could see capital outflows of as much as $36 billion this year as residents leave the city for the U.K. in response to China’s sweeping security law, keeping the local dollar off the strong ... ( read original story ...)
Hong Kong shares end at near one-year high on robust mainland inflows
Jan 15 (Reuters) - Hong Kong stocks hit a near one-year closing high on Friday, posting their straight third weekly gains, buoyed by robust mainland inflows via the Stock Connect. ** The Hang Seng ... ( read original story ...)
Xiaomi slumps, Chinese banks rally as Hang Seng Index eyes best start in a decade
Hong Kong stocks are headed for a choppy end to the week as Xiaomi crashes on US sanctions. The benchmark index remains in positive zone, aided by a rally in shares of major Chinese banks. ( read original story ...)