HONG KONG (Reuters) - HSBC is set to acquire Citigroup's China consumer wealth management business, which manages more than $3 billion in assets, two sources with knowledge of the matter said, in a ...
Citi Planning to Sell China Retail-Wealth Unit to HSBC, Source Says
By Elaine Yu and Matthew Thomas Citigroup is in talks to sell its retail-wealth business in China to British rival HSBC, according to a person familiar ...
China’s Neusoft Xikang sinks 35% in Hong Kong trading debut, while AI firm gains
Shares in Chinese hospital cloud software firm Neusoft Xikang slumped nearly 35% in the company's Hong Kong trading debut on Thursday, as sentiment towards some new share sales remained weak.
Hong Kong Finance Chief Hints at Easing Property Market Curbs
Hong Kong’s government is “constantly reviewing” the property market environment with a pragmatic attitude, Financial Secretary Paul Chan said in the latest hint at potentially easing curbs.
Trading of heavily indebted China Evergrande suspended in Hong Kong
The suspension comes after Bloomberg News reported that the chairman of Evergrande, Hui Ka Yan, had been taken away earlier this month and placed ...
Hong Kong fintech unicorn WeLab targets eight-fold growth in customers, tapping digital banking demand in Southeast Asia
Co---found-ed by Loong in 2013, WeLab is a home-grown unicorn backed by billionaire Li Ka-shing and others WeLab plans to introduce digital banking in Indonesia via BJJ, which is now a traditional ...
‘I felt ashamed and lost’: Hong Kong NGO charts emotional cost paid by family members of gambling addicts
Experts at Zion Social Service Yuk Lai Hin Counselling Centre call for more education on financial literacy to minimise risk of gambling.
Green finance path Hong Kong’s best way to go
In the wake of its own extreme weather events, the city can put its unique business advantages to work by helping both the Earth and corporate bottom lines Protests demanding faster action against ...
HSBC: 2023 inflation expected to hit 5.9%
INFLATION pressures will likely prompt Philippine monetary authorities to hike key interest rates again, Hong Kong and Shanghai Banking Corp. (HSBC) economists said. HSBC raised its 2023 domestic ...
Alibaba plans Hong Kong IPO for logistics subsidiary Cainiao
Dealmakers have said that they hope Cainiao's IPO, expected to be followed by market debuts from other Alibaba units in the near-term, will revive sluggish fundraising activities in Hong Kong. Cainiao ...
Alibaba Unit IPO Will Test Demand in Slowest Hong Kong Market in Decades
The planned initial public offering of Alibaba Group Holding Ltd.’s logistics arm will be a key test of demand in Hong Kong’s languishing deals market.
Hong Kong’s Unity Group launches joint venture with UAE firm on green tech as John Lee’s Middle East push bears fruit
The Hong Kong government and its promotion of the city in the United Arab Emirates definitely helped’ land the deal, Unity chairman says.
Bargain hunters lift Hong Kong stocks off 10-month lows as China data cheers investors with Alibaba rising on Cainiao’s IPO plan
Industrial profit for Chinese firms recorded the first gain this year in August, according to the statistics bureau Alibaba Group rallied after its logistic unit Cainiao applied for an initial public offering in Hong Kong Hong Kong's major stock index ...
Ex-Morgan Stanley bankers win coveted role on Hong Kong IPO of Alibaba unit Cainiao
Ampere Partners, a boutique Hong Kong-based firm founded by former Morgan Stanley deal makers Crawford Jamieson and Daniel Wetstein, will act as financial adviser on the deal, which could raise US$1 ...