Investors have shown rabid enthusiasm for new stocks this September. That's forced some strategists to wonder: Is this a repeat of the frenzy that led up to the dot-com crash at the turn of the ... ( read original story ...)
HSBC moved vast sums of dirty money after paying record laundering fine
FinCEN Files probe reveals Europe’s biggest bank aided massive Ponzi scheme while on probation over ties to drug kingpins. ( read original story ...)
China’s Ping An Insurance cements its place as HSBC’s biggest shareholder
Ping An Insurance Group Co (2318.HK) has increased its stake in Britain’s HSBC Holdings Plc (HSBA.L), making the Chinese insurer the company’s biggest shareholder with a 8% share. A unit of the ... ( read original story ...)
Baozun Launches Hong Kong Initial Public Offering
Baozun Inc., the leading brand e-commerce service partner that helps brands execute their e-commerce strategies in China, today announced the launch of its Hong Kong public offering, which forms part ... ( read original story ...)
Ant Group seeks $17.5B in Hong Kong IPO – Bloomberg
Bloomberg sources say Ant Group hopes to raise $17.5B in the Hong Kong arm of its dual IPO listings and won't court cornerstone investors, who might be invited to participate in the more volatile ... ( read original story ...)
China’s Ping An Insurance boosts HSBC stake
Ping An Insurance Group Co of China Ltd , the biggest shareholder in HSBC Holdings Plc , has bought additional shares in the British bank to take its stake to 8% ... ( read original story ...)
Hong Kong office rents expected to decline 30 per cent this year, as work from home becomes more common in mid to long term
Hong Kong’s office leasing market faces a new low this year, with rents declining by as much as 30 per cent, as companies assess their need for space and adopt work from home arrangements because of ... ( read original story ...)
Hong Kong Financial Authority Taps ConsenSys for Cross-border CBDC Pilot Study
ConsenSys will be collaborating with the Hong Kong Monetary Authority (HKMA) to a cross-border payment network for HKMA’s central bank digital currency (CBDC) project Ethereum Developer ConsenSys ... ( read original story ...)
Hong Kong marks first day with no local Covid-19 cases since September 15, as city welfare chief says ‘imperfect’ wage scheme saved jobs
Secretary for Labour and Welfare Law Chi-kwong concedes relief effort won’t save every job, but ‘furloughs could be much worse’ without it. ( read original story ...)
HK financial system ‘resilient’ as city moves up in world ranking
Hong Kong has moved up a notch to fifth place in terms of comprehensive competitiveness among 111 financial centers in the world. ( read original story ...)
Bank of East Asia to sell insurance arm following portfolio review
HONG KONG: Bank of East Asia Ltd (BEA), which counts Guoco Company Management Ltd as a substantial shareholder, has decided to initiate a sale of its insurance business and is seeking a strategic ... ( read original story ...)
Ant launches blockchain-based cross-border trade platform ahead of $35 billion IPO
Ant Group, owner of China's ubiquitous mobile payment app Alipay, launched a blockchain-powered platform for cross-border trade settlements on Friday, as it races to launch more technology products ... ( read original story ...)
Hong Kong’s SFC Warns of ‘Pump-and-Dump’ Scams on Social Media
The SFC said the profile of financial fraud is changing as more people are being targeted online, moving away from the traditional cold call. ( read original story ...)
HSBC Loyalists Lose Faith After Stock’s $83 Billion Plunge
HSBC Holdings Plc’s tumbling stock price is testing the patience of even the bank’s most loyal investors. Choi Chen Po-sum, a former vice chair of Hong Kong’s exchange who has owned HSBC shares for ... ( read original story ...)