HONG KONG (Reuters) - 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 southwestern city of Chongqing, expanding ... ( read original story ...)
Greater Bay Area’s biggest property services firm Excellence Commercial said to seek up to U$400 million from Hong Kong IPO
Excellence Commercial Property and Facilities Management Group is looking to raise between US$300 million (HK$2.33 billion) and US$400 million from an initial public offering in Hong Kong, according ... ( read original story ...)
US sanctions will make everyday life a headache for Hong Kong’s political leaders and their families, from closed accounts to blocked payments
US sanctions could lead to bank account closures and credit card cancellations for sanctioned officials and their families as banks are wary of running afoul of American regulators, compliance ... ( read original story ...)
Hang Seng Bank: Dividend Cut Was Disappointing
Hang Seng Bank's 1H 2020 dividends were cut by -32% from HK$2.80 in 1H 2019 to HK$1.90 in 1H 2020, which was disappointing. ( read original story ...)
Bay area’s ‘biggest property services firm’ Excellence Commercial said to seek up to U$400 million from Hong Kong IPO
Excellence Commercial Property, controlled by billionaire tycoon Li Hua, joins a wave of property management service providers including units of Sunac and China Evergrande in seeking a Hong Kong ... ( read original story ...)
Hong Kong, China shares end higher after central bank pumps US$100 billion into banking system
Stocks related to the mainland’s banking sector jumps 3.7 per cent, according to a gauge compiled by Xuangubao.com. ( read original story ...)
Hong Kong records 44 new coronavirus cases as social distancing restrictions extended
Hong Kong reported 44 new coronavirus cases on Monday as the government announced an extension to social distancing measures aimed at controlling further spreading of the virus, which has seen a ... ( read original story ...)
Hong Kong shares mark highest close in nearly 4 weeks
Hong Kong shares marked their highest close in nearly four weeks on Monday, tracking a regional rise after China’s central bank provided more medium-term loans to the country’s financial system. ** At ... ( read original story ...)
Hong Kong, China shares gain after central bank pumps US$100 billion into banking system
Hong Kong and China shares gained after China’s central bank injected liquidity into the financial markets to support banks on Monday.The Hang Seng Index gained 1.1 per cent to 25,457.78 on Monday as ... ( read original story ...)
Hong Kong Stock Market May Extend Losing Streak
The Hong Kong stock market has moved lower in consecutive trading days, sinking more than 50points or 0.5 percent along the way. The Hang Seng Index now rests just above the 25,180-point plateau and ... ( read original story ...)
China Market Update: Mainland Moves Higher On Positive Caixin PMI Manufacturing Release, HSBC Weighs On Hong Kong
Growth stocks in Hong Kong were led by volume leaders Tencent, which gained +0.94%, Meituan Dianping +4.53%, Semiconducor Manufacturing +4.86%, and Alibaba HK -0.16%. ( read original story ...)
The US-China standoff is turning Hong Kong into a more valuable—and more Chinese—financial hub
Amid the political upheaval, the share price of Hong Kong Exchanges & Clearings (HKEx) has soared, and the company has reclaimed its crown as the most valuable exchange operator in the world by market ... ( read original story ...)
Coronavirus: Hong Kong financial secretary warns against depleting city’s coffers amid pandemic, as market vendors call for aid
Financial Secretary Paul Chan urged caution, warning the fight against the virus could drag on longer than expected. ( read original story ...)
What virtual banks are in Hong Kong? Are they safe?
Simply put, a virtual bank does not have any physical branches. It delivers regular banking services (such as maintaining your savings account or lending money to you via a loan) through the internet ... ( read original story ...)