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Tag: finance

Posted on 22/08/2020

Hong Kong blood bank makes urgent appeal as Covid-19 pandemic fears keep donors away, supplies dry up

Hospitals find it harder to get supplies as collection drops at Blood Transfusion Service amid Covid-19 pandemic. ( read original story ...)

Posted on 21/08/2020

Carlyle-Backed Adicon Picks Banks for Hong Kong IPO

Adicon Clinical Laboratories Ltd., a Chinese lab operator backed by Carlyle Group Inc., has picked banks for its Hong Kong initial public offering, according to people familiar with the matter.The ... ( read original story ...)

Posted on 21/08/2020

Jack Ma’s Ant Group Produces $3.5 Billion Profit in Six Months as IPO Looms

The Chinese financial-technology giant backed by billionaire Jack Ma earned roughly $3.5 billion over a recent six-month period, showing how lucrative the company’s business has been as it gears up ... ( read original story ...)

Posted on 21/08/2020

Jack Ma’s Ant Group Posts $3.5 Billion Profit in Six Months Ahead of IPO

The Chinese financial-technology giant backed by billionaire Jack Ma earned roughly $3.5 billion over a recent six-month period, showing how lucrative the company’s business has been as it gears up ... ( read original story ...)

Posted on 21/08/2020

US Ends Trio of Legal, Financial Pacts with Hong Kong

The Trump administration has suspended or terminated three bilateral agreements with Hong Kong in its latest response over the new national security law imposed on the semi-autonomous city by China. ( read original story ...)

Posted on 20/08/2020

Hong Kong Digital Bank Neat Announces $4 Million Extension of $11 Million Series A Funding Round

Neat, a digital bank based in Hong Kong, announced on Wednesday a $4 million extension to its $11 million Series A investment round, which originally closed in April 2020. MassMutual Ventures, Pacific ... ( read original story ...)

Posted on 20/08/2020

Hong Kong Slams US Decision To End Tax, Extradition Deals

Hong Kong on Thursday accused America of using the city as a pawn in ties with China as it slammed a US decision to withdraw from three accords on extradition and taxation. The United States formally ... ( read original story ...)

Posted on 20/08/2020

Hong Kong banks must do more to reduce their impact on climate change, not just avoid risk

Building a resilient banking system is not the same as fostering environmental and social sustainability. For Hong Kong’s sustainable banking to live up to its name, more consideration should be given ... ( read original story ...)

Posted on 19/08/2020

Hong Kong Bourse Rides Trading, IPO Surge to Record Profit

Hong Kong Exchanges & Clearing Ltd. posted a 1% gain in profit ... “High Cash Market turnover, record Stock Connect volumes and a notable number of IPOs, including a number of sizable secondary ... ( read original story ...)

Posted on 19/08/2020

Hong Kong security law sparks race for Asia’s next financial capital

Deutsche Bank is not leaving Hong Kong. But like many businesses and banks, a year of political turmoil has put a question mark over the island's centrality as Asia's premier financial hub. ( read original story ...)

Posted on 18/08/2020

Tencent-backed online brokerage Futu looks to cash in on Hong Kong IPO boom with plans to expand margin financing

... growth in its interest income was partly helped by IPO financing due to an active IPO market in Hong Kong. "We believe that the increase in US-listed Chinese companies seeking secondary ... ( read original story ...)

Posted on 18/08/2020

Hong Kong’s police chief shifted his mortgage to Bank of China (Hong Kong) from HSBC just days ahead of US sanctions

Hong Kong’s police chief, among 11 officials sanctioned by the United States government over China’s national security law for the city, shifted his mortgage from HSBC to Bank of China (Hong Kong) ... ( read original story ...)

Posted on 18/08/2020

Hong Kong leader Carrie Lam has credit card trouble after US sanctions

Hong Kong's leader said she's having trouble using her credit cards after the US imposed sanctions targeting Chinese officials and their allies in the city.. Read more at straitstimes.com. ( read original story ...)

Posted on 18/08/2020

China’s Ant Group plans consumer finance firm in growth push ahead of IPO-sources

Ant Group, Alibaba's BABA.N fintech arm and China's dominant mobile payments company, plans to set up a consumer finance firm in the s ... ( read original story ...)

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