Jack Ma’s Ant Group Co. got the green light from China’s securities watchdog for its initial public offering in Shanghai, clearing another hurdle as the Chinese fintech giant tries to complete its ... ( read original story ...)
Hong Kong shares gain on U.S. stimulus hopes; property stocks drag down Shanghai
China shares slipped on Wednesday, weighed down by property stocks on a gloomy outlook for the sector, while Hong Kong stocks rose for a fourth session as hopes of a new round of U.S. fiscal stimulus ... ( read original story ...)
HSBC Hong Kong launches digital investment account opening service
HSBC Hong Kong has announced that its personal customers can now open an investment account 24/7 remotely without the requirement of visiting the bank’s branch. This especially holds significance in ... ( read original story ...)
Contrasting fortunes: China’s stock market recoups Covid-19 losses, while Hong Kong endures slump
“Hong Kong’s market pays great heed to profitability,” said HSBC Jintrust Fund Management in a report this week. “Earnings growth is prerequisite for a bull market. There’s no bull run before the ... ( read original story ...)
China CITIC Bank International and 3 Hong Kong Named Winners of the Red Hat APAC Innovation Awards 2020 for Hong Kong
Red Hat, Inc., the world’s leading provider of open source solutions, today announced the winners of the Red Hat APAC Innovation Awards 2020 for Hong Kong. China CITIC Bank International Limited and 3 ... ( read original story ...)
HKMA sells HK$2.33 bln in NY hours, currency hits strong end of band
The Hong Kong Monetary Authority sold HK$2.325 billion ($300 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 ...)
HSBC Hong Kong unveils HSBC Smart Solution API platform
HSBC Hong Kong unveiled its business management API platform – HSBC Smart Solution – specially designed for SMEs in the region. ( read original story ...)
Hong Kong shares end higher on hopes for U.S. stimulus, strong Q3 earnings
Hong Kong shares ended higher for a fourth consecutive session on Wednesday, as hopes for a new round of U.S. fiscal stimulus and strong third quarter results due to China’s accelerated economic ... ( read original story ...)
National security law: Hong Kong banks told by HKMA to report suspicious transactions
Banks operating in Hong Kong have been told to report financial transactions believed to violate the city’s controversial national security law (NSL) as they would suspected incidents of money ... ( read original story ...)
Why I think the HSBC share price could finally have bottomed. I’d buy
The HSBC share price has crashed almost 50% in the Covid-19 pandemic. And 2020 has turned into a serious stress test. Here's why I'd buy.The post Why I think the HSBC share price could finally have ... ( read original story ...)
Hong Kong virtual bank WeLab is live with Temenos
Temenos, the banking software company, today announced that WeLab Bank, Hong Kong’s first homegrown virtual bank, has publicly launched using cloud-native Temenos Transact to provide a range of next ... ( read original story ...)
Exclusive: Didi considers 2021 IPO in Hong Kong, targets more than $60 billion valuation, sources say
China's top ride-hailing firm Didi Chuxing is considering Hong Kong for a multibillion-dollar initial public offering (IPO) next year, people with knowledge of the matter said, rethinking previous ... ( read original story ...)
Didi considers 2021 IPO in HK – sources
China's top ride-hailing firm Didi Chuxing is reportedly considering Hong Kong for a multibillion-dollar initial public offering. People with knowledge of the matter said the firm is rethinking ... ( read original story ...)
Exclusive: Didi considers 2021 Hong Kong IPO, targets valuation of more than $60 billion, sources say
China's top ride-hailing firm Didi Chuxing is considering Hong Kong for a multibillion-dollar initial public offering (IPO) next year, people with knowledge of the matter said, rethinking previous ... ( read original story ...)