Next Digital CEO Cheung Kim-hung says he is unable to withdraw money, while chairman’s aide Mark Simon says his personal and credit card accounts have been frozen. ( read original story ...)
Ant Group’s IPO May Push Down Cost of Borrowing in Hong Kong
Mega share sales in Hong Kong in recent years have typically driven up the cost of borrowing as investors clamor to buy the stocks on margin. Ant Group’s upcoming initial public offering may end up ... ( read original story ...)
Hong Kong shares end lower as Sino-U.S. tensions simmer
Hong Kong’s benchmark share index ended lower on Thursday as tensions between the United States and China weighed on sentiment, and as global investors awaited the outlook on monetary policy from U.S. ( read original story ...)
Ant Group’s IPO May Drive Down Cost of Borrowing in Hong Kong
Mega share sales in Hong Kong in recent years have typically driven up the cost of borrowing as investors clamor to buy the stocks on margin. Ant Group’s upcoming initial public offering may end up ... ( read original story ...)
U.S. Blasts HSBC for Siding With China Over Hong Kong
HSBC Holdings Plc has been accused by U.S. Secretary of State Michael Pompeo of aiding the Chinese government’s clampdown on Hong Kong. ( read original story ...)
Ant Group’s mega IPO will reward staff and early investors, including the businesses of two of Hong Kong’s wealthiest families
Ant Group's upcoming dual listing, likely to be the largest in global financial history, will reward the staff and early investors of the world's biggest fintech company, including companies ... ( read original story ...)
China Market Update: Ant Group Files For Hong Kong IPO, US-China Trade Teams Talk
Asian equities had a mixed day on light summer volumes, despite news prior to the open that USTR Lighthizer and Treasury Secretary Mnuchin had a call with Vice Premier Liu He. Both sides had positive ... ( read original story ...)
Hong Kong banks head for biggest payday in a decade from Ant IPO
Ant is expected to offer up to 15 per cent of its shares in a dual offering in Hong Kong and Shanghai at a valuation of between $200bn and $300bn, according to people familiar with its plans. At the ... ( read original story ...)
China Market Update: Ant Group Hong Kong Files For Hong Kong IPO, US-China Trade Teams Talk
Asian equities had a mixed day on light summer volumes, despite news prior to the open that USTR Lighthizer and Treasury Secretary Mnuchin had a call with Vice Premier Liu He. Both sides had positive ... ( read original story ...)
U.S. says China ‘bullying’ UK, cites HSBC Hong Kong-related accounts
U.S. Secretary of State Mike Pompeo on Wednesday renewed criticism of British Bank HSBC for its reported treatment of pro-democracy customers in Hong Kong, saying China was "bullying" the United ... ( read original story ...)
U.S. ‘dismayed’ by HSBC’s reported actions over Hong Kong accounts: statement
U.S. Secretary of State Mike Pompeo on Wednesday said the United States was "dismayed" by British bank HSBC's reported actions toward certain Hong Kong-related accounts, including those linked to ... ( read original story ...)
UPDATE 1-U.S. says China ‘bullying’ UK, cites HSBC Hong Kong-related accounts
U.S. Secretary of State Mike Pompeo on Wednesday said the United States was “dismayed” by British bank HSBC’s reported actions toward certain Hong Kong-related accounts, including those linked to ... ( read original story ...)
Hong Kong shares close flat as tech gains offset mainland losses
Hong Kong shares recovered from earlier losses and finished largely flat on Wednesday, as gains in the information technology sector offset weakness in mainland markets. ** The Hang Seng index was ... ( read original story ...)
Jack Ma-Backed Biotech Firm Brii Considers Hong Kong IPO
Brii Biosciences, which focuses on treatments for diseases such as Covid-19 and HIV, is considering an initial public offering in Hong Kong as soon as the first quarter of next year, according to ... ( read original story ...)