Hong Kong shares retreated in the afternoon session to finish lower on Thursday, tracking broad weakness in the mainland market dragged down by a slump in China's start-up stocks. ** At the close of ... ( read original story ...)
HSBC plans to eliminate more banking fees in Hong Kong as virtual lenders disrupt troubled industry
HSBC plans to trim a host of banking fees from November for many of its retail customers to fend off competition from virtual banks. Rival lenders are likely to respond, pressuring margins in an ... ( read original story ...)
Why Sydney might finally challenge Hong Kong as a finance hub
Former Macquarie banker Andrew Low, who will lead a new group advising government, reckons Hong Kong will be dominated by Chinese firms and global companies will look elsewhere. ( read original story ...)
Shanghai exchange says it will review Ant IPO on September 18
The Shanghai stock exchange said on Wednesday that it would review the listing of Chinese financial technology firm Ant Group on the local STAR Market on Sept. 18. ( read original story ...)
Hong Kong stocks fall after Wall Street tech rout
the financial sector ended 0.66% lower and the property sector dipped 0.13%. ** The top gainer in the Hang Seng was Hong Kong and China Gas Co Ltd, which gained 2.5%, while the biggest loser was ... ( read original story ...)
Nongfu Spring’s founder briefly becomes China’s richest man, thanks to a huge stake in bottled water IPO
The public offering of a bottled water giant has propelled its founder into the ranks of the three richest people in China, thanks to an ownership structure that reflects some potential risks of ... ( read original story ...)
Hong Kong Bourse Predicted To Open Under Pressure
The Hong Kong stock market on Tuesday halted the four-day losing streak in which it had declined more than 550 points or 2.2 percent. The Hang Seng Index now rests just above the 24,620-point plateau ... ( read original story ...)
Hong Kong, China stocks boosted by Nongfu Spring debut, rise amid Trump threat to scale back economic ties, tech stocks correction
Hong Kong and China stocks gained on Tuesday, after Chinese water bottler Nongfu Spring’s stellar trading debut offset a correction in technology stocks as well as a threat by US President Donald ... ( read original story ...)
Hong Kong stocks rise as financials, telecoms gain
Hong Kong stocks recouped earlier losses to close higher on Tuesday, helped by gains in financial and telecoms firms. ** At the close of trade, the Hang Seng index was up 0.14% at 24,624.34 after ... ( read original story ...)
Nongfu Spring’s huge IPO is part of a ‘tale of two Hong Kongs’: Analyst
Fraser Howie, an independent analyst, tells CNBC that Hong Kong has a "very successful" stock exchange and China-related finance sector, but is also a city "torn apart" by political unrest, where many ... ( read original story ...)
There’s a ‘huge amount of money’ returning to China in the IPO space, investor says
As tensions mount between Washington and Beijing ahead of the U.S. presidential elections in November, Stonehorn Global Partners' Sam Le Cornu sees more Chinese firms returning home. ( read original story ...)
Shares of Chinese bottled water giant Nongfu Spring soar in Hong Kong debut
The stock opened at 39.80 Hong Kong dollars per share ($5.14), more than 85% higher than its initial public offering price of 21.50 Hong Kong dollars ($2.77). ( read original story ...)
Chinese Bottled-Water Giant Taps Hong Kong IPO Market
Shares in China’s Nongfu Spring surged ahead of its Hong Kong debut, after investors thirsty for new stock sales placed nearly $150 billion of orders for a $1.1 billion deal. ( read original story ...)
Artificial intelligence keeps HSBC ATMs stocked with cash
HSBC is using artificial intelligence technology (AI) developed in-house to help it make sure ATMs are appropriately stocked with cash. ( read original story ...)