As five Chinese mutual funds targeting Ant Group's hotly-anticipated IPO kicked off subscriptions on Friday, retail investors found the only non-direct channel through which to buy the products was ... ( read original story ...)
Hong Kong stocks post biggest weekly drop in 6 months on renewed virus woes
Hong Kong stocks ended lower on Friday, posting their biggest weekly drop in six months, tracking a global correction as a resurgence in coronavirus cases globally raised concerns about the pace of ... ( read original story ...)
Avoid salary freeze for low-pay workers, Hong Kong government advisers urge wage board members
Members of city leader Carrie Lam’s cabinet believe there is still time to reach a consensus on the minimum wage, before a report is submitted next month. ( read original story ...)
Feral family of boars hog limelight in Hong Kong business district with swim in Bank of China Tower pool
White-collar workers in Hong Kong’s Central business district were shocked by the sight of a family of wild boars on Thursday as they went for a swim in a pool outside a bank. Footage of the scene ... ( read original story ...)
HSBC between a rock and a hard place
Businesses that have become political shuttlecocks are not worthwhile investments. Unpredictable policy shifts set share prices rather than strategy or economics. ( read original story ...)
Hong Kong’s Securities and Futures Commission takes on financial fraud on social media, launches Facebook page
With one in every five stock market scams originating on social-media platforms, Hong Kong’s securities regulator has launched a Facebook page to warn investors about such activity. ( read original story ...)
Renewed Support Called For Hong Kong Bourse
The Hong Kong stock market moved lower again on Thursday, one day after snapping the two-day slide in which it had plummeted more than 740 points or 3 percent. The Hang Seng Index now rests just above ... ( read original story ...)
The ‘Hong Kong story’ of Sir Yue Kong-Pao, son of a shoe seller who became one of the world’s richest men
Born in Ningbo, in China, Yue-kong Pao started ‘at the bottom’, using his instinct for business to build one of the world’s largest shipping companies. ( read original story ...)
Hong Kong shares end near 4-month low as global recovery hopes falter
Hong Kong shares closed near a four-month low on Thursday following a selloff in equity markets worldwide, as a resurgence in COVID-19 cases and warnings from U.S. Federal Reserve officials undermined ... ( read original story ...)
HSBC loyalists lose faith after stock’s $114 billion plunge this year
HSBC Holdings' tumbling stock price is testing the patience of even the bank's most loyal investors.. Read more at straitstimes.com. ( read original story ...)
Hong Kong says social media used in 20% of its stock manipulation cases
Hong Kong's financial markets watchdog said on Thursday that about 20% of the market manipulation schemes it is currently investigating are so-called "ramp and dump scams" conducted via social media. ( read original story ...)
Hong Kong could expand investment menu on mainland stocks to attract US$5.6 billion of funds, think tank says
The recommendations signal more efforts in store to defend Hong Kong’s position as a financial hub by leveraging Asia’s biggest pool of securities for growth. This will give foreign investors access ... ( read original story ...)
Billionaire Property Heir Has Big Bets on Troubled Hong Kong
From building Hong Kong’s largest shopping mall to constructing a sprawling $3.9 billion sports center, Adrian Cheng has been one of the most aggressive property investors in town. It’s a costly ... ( read original story ...)
Hong Kong company director arrested on suspicion of laundering HK$400 million
Hong Kong customs has arrested the director of a possible shell company on suspicion of laundering HK$400 million (US$51.6 million) through eight bank accounts over the past two years. Her capture was ... ( read original story ...)