Tag: finance

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) ... ( read original story ...)

The number of investment bankers employed by Chinese groups in Hong Kong could soon eclipse that of Wall Street and international firms, underscoring Beijing’s growing influence in the city. More than ... ( read original story ...)

Hong Kong reassembles a fine porcelain store in which two powerful bulls have locked horns. It is vital to minimise the damage both by emphasising why Hong Kong should still be attractive to ... ( read original story ...)

WeLab acquired $156 million through a Series C round in December 2019. The funds have reportedly been used to develop its digital banking platform, which leverages the latest emerging technologies ... ( read original story ...)

China has outlined plans for further tests of its digital currency initiative, now aiming for trials in areas including Beijing and Hong Kong. ( read original story ...)

Ant Group, the fintech arm of Chinese e-commerce company Alibaba Group Holding, has made a preparatory filing with China's securities regulator for its planned blockbuster initial public offering ... ( read original story ...)

Alibaba Group Holding, Xiaomi and pharmaceutical research group WuXi Biologics (Cayman) will be added to the Hang Seng Index next month, a milestone in the Hong Kong market's growing focus on Chinese ... ( read original story ...)

ETFs with US$20 billion tracking the Hang Seng Index will be able to invest in the tech behemoths with weighted voting rights or secondary listings, strengthening Hong Kong as a tech listing hub. ( read original story ...)

The compiler of Hong Kong’s Hang Seng stock index has added Alibaba to its list of constituents, as the equities benchmark shifts to accommodate tech giants from the mainland. Hang Seng Bank’s index ... ( read original story ...)

Global businesses are increasingly being asked to pick political and legal sides in the confrontation between the world’s two biggest economies. ( read original story ...)

China Evergrande Group said it sold 28% of a property management unit for HK$23.5 billion ($3 billion), bringing in strategic investors ahead of a possible IPO for the unit. ( read original story ...)

The Hong Kong stock market on Thursday halted the two-day winning streak in which it had advanced more than 850 points or 2.9 percent. The Hang Seng Index now rests just above the 25,230-point plateau ... ( read original story ...)

China's largest housing platform operating under the Lianjia and Beike brands, raised $2.1 billion in the largest US IPO from a Chinese issuer since 2018 and posted the best first-day pop for a ... ( read original story ...)

KE Holdings, operator of housing platforms Beike Zhaofang and Lianjia, is open to a secondary listing in Hong Kong or mainland China, after raising around $2 billion on Thursday in the biggest U.S. ( read original story ...)