BOC Hong Kong lost 0.46 percent, Henderson Land added 0.34 percent, Hang Lung Properties and Power Assets both gained 0.24 percent, China Mengniu Dairy rose 0.13 percent, New World Development ... ( read original story ...)
U.S. State Department issues sanctions warning to banks over Hong Kong crackdown
The U.S. State Department on Wednesday warned international financial institutions doing business with individuals deemed responsible for China's crackdown in Hong Kong that they could soon face tough ... ( read original story ...)
Where to Find Investment Income Now That Bank Dividends Are Drying Up
The worst year for stock dividends in over a decade is upending formerly rock-solid retirement plans all across Asia. Nearly a third (28%) of Asia Pacific companies — including marquee names like ... ( read original story ...)
Hong Kong protests: US warns banks they could face sanctions
The US told banks they could face sanctions for doing business with individuals involved in the crackdown on Hong Kong. ( read original story ...)
HSBC reportedly omitted from China’s dollar sovereign bond sale for first time since 2017
VCG. HSBC was reportedly absent from a list of banks underwriting China's US dollar-denominated sovereign bonds for the first time since 2017, stirring fre ... ( read original story ...)
Pacific Century and Thiel Capital’s SPAC Bridgetown Holdings increases deal size by 10% ahead of $550 million IPO
Bridgetown Holdings, a blank check company formed by Pacific Century and Thiel Capital targeting "new economy" sectors in Southeast Asia, raised the proposed deal size for its upcoming IPO on ... ( read original story ...)
An Unpopular IPO Rule Hands Chinese Banks Big Windfalls
When China rolled out its own Nasdaq-style listings venue, regulators forced investment banks to buy stocks in the companies they took public. That unusual requirement is now paying off big time. ( read original story ...)
Hong Kong forex intervention hits highest since 2009 financial crisis
Hong Kong's central bank has sold more of its local currency so far this year than it did in any full year since the global financial crisis, in a bid to stop the unit strengthening and breaking its ... ( read original story ...)
Breakingviews – Ant’s IPO delay flags a recurring headache
Technology firms, particularly finance-focused ones in China, are used to operating at the cutting edge of regulation. But overconfidence is always a risk, as Chinese fintech champion Ant ... ( read original story ...)
The World’s Largest Potential IPO Is Under Threat
Billionaire Jack Ma’s Ant Group is said to be seeking a valuation of about $250 billion as it plans a dual listing in Hong Kong and Shanghai, which could raise at least $35 billion. The ... ( read original story ...)
Hong Kong’s FX intervention highest since 2009
Hong Kong's central bank has sold more of its local currency so far this year than it did in any full year since the global financial crisis, in a bid to stop the unit strengthening and breaking its ... ( read original story ...)
Hong Kong’s FX intervention hits post financial crisis milestone
The Hong Kong Monetary Authority sold HK$10.9 billion ($1.41 billion) on Tuesday in interventions in Hong Kong and U.S. trading hours. That brings its total so far this year to HK$230.6 billion, ... ( read original story ...)
UPDATE 3-Hong Kong’s FX intervention highest since 2009 crisis
Hong Kong's central bank has sold more of its local currency so far this year than it did in any full year since the global financial crisis, in a bid to stop the unit strengthening and breaking its ... ( read original story ...)
Greater Bay Area: Hong Kong’s stricken tourism industry cannot wait for mainland visitors to return, but will they come back?
As Hong Kong tries to reboot its economy amid the coronavirus pandemic, can the Greater Bay Area provide opportunities that are ripe for the taking? In the final of a three-part series ahead of the ... ( read original story ...)