When Ant goes public, it will likely earn a massive valuation that puts it ahead of Saudi Aramco's record-shattering $25.6 billion IPO late last year. ( read original story ...)
Coronavirus: Hong Kong government to give one-time handout of HK$10,000 to non-permanent residents in need
Critics of the move maintain newcomers to Hong Kong haven’t contributed enough to warrant help, while supporters insist they are part of the city’s fabric. ( read original story ...)
Asia-Pacific Markets Rocked by Plunge in Hong Kong Bank Stocks, Rising Global Virus Fears
Pacific stock indexes were lower on Monday, with Hong Kong’s Hang Seng Index leading losses. Markets in Japan were closed on Monday for a holiday. The catalysts behind the weakness were reports that ... ( read original story ...)
Hong Kong has effective anti-money laundering supervision: regulator
Hong Kong's banking regulator said the financial hub was committed to meeting international standards on anti-money laundering, after media reports that some leading banks had moved large sums of ... ( read original story ...)
HSBC’s Hong Kong shares plunge 52% year-to-date as bank gets caught in multiple troubles
The London-based bank's Hong Kong shares on Monday slid below their closing low for March 2009, closing at HK$29.30. They have plunged 52 per cent this year - reaching the lowest since 1995. (In ... ( read original story ...)
Jack Ma’s Ant to Lift IPO Funding Target to $35 Billion
Jack Ma’s Ant Group is seeking to raise at least $35 billion in its initial public offering after assessing early investor interest, people familiar with the matter said, putting the Chinese fintech ... ( read original story ...)
SCG Packaging Seeks to Raise Up to $1.27 Billion in Thai IPO
SCG Packaging Pcl, Thailand’s biggest packaging company, plans to raise as much as 39.5 billion baht ($1.27 billion) in the nation’s second-largest initial public offering this year.The unit of Siam ... ( read original story ...)
HSBC’s shares dive to lowest level since 1995 in HK
HSBC's share price in Hong Kong has fallen to its lowest level since 1995 amid allegations of money laundering. HSBC allowed fraudsters to transfer millions of dollars around the world even after it ... ( read original story ...)
HSBC HK shares drop to lowest since 1995, StanChart falls after ‘FinCEN’ leak
HSBC and Standard Chartered's Hong Kong shares dropped on Monday after media reports that they and other banks moved large sums of allegedly illicit funds over nearly two decades despite red flags ... ( read original story ...)
HSBC Shares Decline to Lowest Since 1995 in Hong Kong
HSBC Holdings Plc slumped below its financial crisis low set more than a decade ago as pressures mount on several fronts including a potential threat to its expansion plans in China. ( read original story ...)
HSBC shares sink to 25-year low in HK, StanChart sags over dirty money scandal
HSBC and Standard Chartered Hong Kong shares dropped on Monday after media reports that they and other banks moved large sums of allegedly illicit funds over nearly two decades despite red flags ... ( read original story ...)
HSBC shares hit 25-year low on report of China ‘unreliable list’
Shares in banking giant HSBC plunged to a 25-year low Monday on fears it could be added to a Chinese list of firms deemed a threat to national security and following news it had been accused of ... ( read original story ...)
HSBC, StanChart Hong Kong shares fall after ‘FinCEN’ leak
HSBC HSBA.L and Standard Chartered's STAN.L Hong Kong shares fell on Monday after media reports that they and other banks moved large sums of allegedly illicit funds over nearly two decades despite ... ( read original story ...)
UPDATE 1-HSBC HK shares drop to lowest since 1995, StanChart falls after ‘FinCEN’ leak
Falls follow reports on movements of allegedly illicit funds (Adds details from media reports, other bank names) ... ( read original story ...)