Tag: finance

The Hong Kong stock market has finished higher in three straight sessions, jumping more than 700 points or 3.1 percent along the way. The Hang Seng Index now rests just beneath the 24,000-point ... ( read original story ...)

The aggregate balance - the key gauge of cash in the banking system - will increase by HK$3.139 billion, including HK$1.163 billion sold in Hong Kong trading hours, to HK$269.57 billion on Oct. 8 ... ( read original story ...)

HONG KONG -- Bilibili, a Nasdaq-listed Chinese video platform popular with millennials for its animation and gaming content, is moving ahead with plans for a secondary listing in Hong Kong next year ... ( read original story ...)

Singapore’s sovereign wealth fund GIC Pte plans to invest more than $1 billion in Ant Group’s mega initial public offering as early investors look for a bigger slice of the Chinese payments behemoth, ... ( read original story ...)

HANG SENG BK LT/S (OTCMKTS:HSNGY) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a research report issued on Tuesday, Zacks.com reports. According to Zacks ... ( read original story ...)

New Ruipeng Pet Healthcare Group Co. has chosen banks to lead an initial public offering that could raise more than $500 million, according to people familiar with the matter. ( read original story ...)

The Hong Kong stock market has moved higher in two straight sessions, collecting almost 500 points or 2.2 percent along the way. The Hang Seng Index now rests just beneath the 23,770-point plateau and ... ( read original story ...)

There have also been fears that the security law would undermine Hong Kong’s claim to be Asia’s premier financial centre. Analysts have warned that anything that compromised the territory’s legal ... ( read original story ...)

Retail investors will be able to subscribe to the latest iteration of Hong Kong’s inflation-linked government debt, known as iBonds, beginning October 23, according to the Hong Kong Monetary Authority ... ( read original story ...)

Hong Kong plans to issue as much as HK$13 billion ($1.7 billion) of inflation-linked bonds and silver bonds to encourage residents to take part in the city’s financial development, according to ... ( read original story ...)

Others have ploughed money into stocks. Clients in Hong Kong were sitting on a lot of cash when the pandemic started, says Roger Bacon, regional investments head of Citi Private Bank Asia-Pacific. ( read original story ...)

“In these days of zero interest rates, you will make the iBond much more attractive than a bank deposit,” he said. Hong Kong’s government is seeking to issue the new bonds after saying last month that ... ( read original story ...)

While analysts and industry observers agree on Macau’s need to diversify its economy from gaming, they say the city has to find a financial niche for itself. ( read original story ...)

Ant Group and its advisers are getting creative as they attempt to score the world’s largest initial public offering amid a coronavirus pandemic as well as a first-of-its-kind simultaneous listing in ... ( read original story ...)