BOC Hong Kong (Holdings) Ltd. said its first-half net profit fell 12% compared with the same period a year earlier as the Covid-19 pandemic caused higher impairments and cut into its operating income. ( read original story ...)
Hong Kong Stock Market Has A Green Light For Monday’s Trade
The Hong Kong stock market has alternated between positive and negative finishes through the last four trading days since the end of the two-day winning streak in which it had jumped more than 750 ... ( read original story ...)
Week In Review: Antengene Approved By Hong Kong Exchange For $200 Million IPO
Antengene, a three-year old Shanghai startup originally backed by Celgene, will conduct a Hong Kong IPO that is expected to raise $200 million. ( read original story ...)
BOC intercepts P121M worth of smuggled cigarettes at Subic port
Smuggled cigarettes amounting to P121 million were confiscated in the Subic Bay Freeport, the Bureau of Customs (BOC) reported on Saturday. The BOC in Subic port said ... ( read original story ...)
Hong Kong to record highest deficit in history as top officials argue city must ‘reserve financial strength’ to cope with storms ahead
China tensions mean cash reserves need to be kept strong, argue financial secretary and city’s No 2 executive. ( read original story ...)
HK$180 million in subsidies help Hong Kong international schools save jobs during pandemic, but parents appeal for fee discounts
The top beneficiary was the city’s biggest international school group, the English Schools Foundation (ESF), which received more than HK$71 million, while dozens of other schools received help to the ... ( read original story ...)
‘Buyer beware’ this investing fad, says the issuer of the soaring IPO ETF
SPACs, or special purpose acquisition companies, tend to be worse investments than standard initial public offerings, says Renaissance Capital's Kathleen Smith. ( read original story ...)
BoC blocks attempt to smuggle fake cigarettes worth P220 M
Separate attempts to smuggle illegal shipment of cigarettes into the country were recently foiled by the Bureau of Customs. ( read original story ...)
BOC intercepts P121M worth of smuggled cigarettes in Subic
The Bureau of Customs (BOC) has intercepted more than a hundred million pesos worth of smuggled cigarettes at the Port of Subic. ( read original story ...)
U.S. IPO market channels spirit of ’99 to tee up bumper 2020
A host of companies have filed for U.S. initial public offerings (IPOs) this week in the busiest period in recent history, as businesses rush to take advantage of ample investor appetite for new ... ( read original story ...)
Yum China Seeks Up to $2.5 Billion From Hong Kong Share Sale
Yum China Holdings Inc. is seeking to raise as much as HK$19.6 billion ($2.5 billion) from a second listing in Hong Kong, adding to the list of mega stock offerings in the Asian financial hub.The ... ( read original story ...)
Hong Kong stocks touch one-month high on economic recovery hopes
Hang Seng up 0.6%, H-shares down 0.2% * Fed signals shift from inflation worries to growth support * Hong Kong eases some coronavirus measures as new cases fall . HONG KONG, Aug ... ( read original story ...)
Hong Kong police sift the past to pursue new security law crimes
Hong Kong police are using the past words and deeds of government critics to bolster investigations under the city's sweeping new security law, despite the legislation not being retroactive. ( read original story ...)
China’s Xpeng increases U.S. IPO size to $1.5 billion, say sources
Chinese electric vehicle maker Xpeng has increased the size of its U.S initial public offering (IPO) to about $1.49 billion, according to two sources with direct knowledge of the matter. ( read original story ...)