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Tag: finance

Posted on 28/10/2020

Hong Kong has a huge role to play in supporting China’s fintech juggernaut, financial secretary Paul Chan says

Hong Kong, as the gateway to China and a rising regional fintech power, has much to offer and is poised to reap the rewards, says Paul Chan. ( read original story ...)

Posted on 28/10/2020

HKMA sells HK$6.38 bln in NY hours, currency hits strong end of band

The Hong Kong Monetary Authority sold HK$6.378 billion ($822.97 million) into the market in New York trading hours after the local currency hit the strong end of its trading band, according to data ... ( read original story ...)

Posted on 28/10/2020

How retail investors can increase their chances of getting a piece of Ant Group’s blockbuster IPO in Hong Kong

It’s the world’s biggest initial public offering (IPO), and retail investors are itching to get a slice of the action. But what is the best way to win a share of the Hong Kong-leg of are divided: ... ( read original story ...)

Posted on 28/10/2020

Here’s why Ant Group is about to shatter IPO records

Stella Su, who lives and works in Shanghai, has used an ATM only once in the past year. Instead of cash, in recent years she has done almost all her business using the digital wallet Alipay –- ... ( read original story ...)

Posted on 28/10/2020

Jack Ma’s Ant Plans Early Book Close for Hong Kong IPO

Jack Ma’s Ant Group Co. is planning to stop taking investor orders for the Hong Kong leg of its initial public offering a day earlier than scheduled as the record stock sale has already been heavily ... ( read original story ...)

Posted on 27/10/2020

Boc Hong Kong (BHKLY) versus Its Competitors Head to Head Comparison

Boc Hong Kong (OTCMKTS: BHKLY) is one of 74 publicly-traded companies in the “Commercial banks, not elsewhere classified” industry, but how does it contrast to its rivals? We will compare Boc Hong ... ( read original story ...)

Posted on 27/10/2020

HSBC’s Hong Kong shares jump nearly 5% after third-quarter earnings beat estimates

HSBC's Chief Financial Officer Ewen Stevenson told CNBC the latest set of result suggests a bottoming of the credit cycle and the bank is "putting in place all of the building blocks we need to resume ... ( read original story ...)

Posted on 27/10/2020

HSBC plans to speed up restructuring as profits drop 36%

Hong Kong (CNN Business)HSBC is speeding up its mammoth restructuring plan as the bank continues to grapple with ongoing headaches, from ultra-low interest rates and geopolitical tensions to the ... ( read original story ...)

Posted on 27/10/2020

Critical Review: Boc Hong Kong (BHKLY) & The Competition

Boc Hong Kong (OTCMKTS: BHKLY) is one of 74 publicly-traded companies in the “Commercial banks, not elsewhere classified” industry, but how does it weigh in compared to its peers? We will compare Boc ... ( read original story ...)

Posted on 27/10/2020

HSBC to revamp business model as lower interest rates hit profit

HSBC Holdings PLC on Tuesday signalled it would embark on a pandemic-induced overhaul of its business model, seeking to flip its main source of income from interest rate to fee-based ... ( read original story ...)

Posted on 27/10/2020

Hong Kong’s Weaker Financial Hub Appeal is Japan’s Opportunity, Aso Says

Japan should consider setting up a special economic zone for global banking businesses now that Hong Kong is losing its appeal as a financial hub amid China’s crackdown, Japanese finance minister Taro ... ( read original story ...)

Posted on 27/10/2020

Jack Ma’s Ant Set to Raise $35 Billion in Biggest-Ever IPO

Jack Ma’s Ant Group Co. is set to raise about $34.5 billion through initial public offerings in Shanghai and Hong Kong, a blockbuster listing that will rank as the biggest IPO ever and make it one of ... ( read original story ...)

Posted on 27/10/2020

Covid-19 won’t last forever, but online learning here to stay, former Hong Kong finance chief says in predicting ‘new normal’ for education

It’s unfortunate that only amid the Covid-19 pandemic has the whole process of adapting to online teaching and the use of technology in education been sped up John Tsang, former Hong Kong financial ... ( read original story ...)

Posted on 27/10/2020

Hong Kong leader to visit Beijing to discuss plans to revive economy

Hong Kong leader Carrie Lam said on Tuesday she will travel to China next week for a three-day visit to discuss plans to revive the global financial hub's economy, which has been battered by the ... ( read original story ...)

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