HK> said on Wednesday it had decided to initiate a sale of its insurance business following the completion of a review of its portfolios and assets. ( read original story ...)
Hong Kong Traders Chased 1,600-in-1 Odds to Buy IPO That Flopped
One of Hong Kong’s most-popular initial public offerings among retail investors dropped in its debut, pouring cold water on the city’s red-hot sentiment over new listings. ( read original story ...)
JD.com to Spin Off Healthcare Unit in Hong Kong IPO
Chinese e-commerce giant JD.com (NASDAQ:JD) will spin off its massive JD Health subsidiary in an initial public offering (IPO), the company has revealed in a tersely worded regulatory filing. It will ... ( read original story ...)
Pop Mart, Radiance target Hong Kong IPOs in busy October
Radiance Holdings plans to use the net proceeds raised from its IPO on financing ongoing projects and to repay existing trust loans, according to preliminary listing papers it filed with the stock ... ( read original story ...)
Hong Kong intervenes to weaken currency as investors queue up for a piece of Ant Group’s mega IPO
Overseas investors are piling into Hong Kong ahead of the mega initial public offering of China’s largest digital payments provider by volume, Ant Group, forcing the local currency higher, said ... ( read original story ...)
Hong Kong stocks track Asian markets lower on lockdown worries
Hong Kong stocks ended lower on Tuesday, tracking other Asian markets amid concerns about fresh pandemic lockdowns in Europe. ** At the close of trade, the Hang Seng index was down 233.84 points or 0. ( read original story ...)
Continued Consolidation Anticipated For Hong Kong Stock Market
The Hong Kong stock market headed south again on Monday, one session after it had ended the two-day losing streak in which it had ... ( read original story ...)
Asia-Pacific stocks slip; HSBC and StanChart shares in Hong Kong continue to drop
Investor reaction to the overnight drop in stocks stateside, where the Dow Jones Industrial Average dropped more than 500 points, was watched. ( read original story ...)
BOC Aviation: All Eyes On Aircraft Deliveries And Impairment Losses
BOC Aviation's net profit after tax increased +1% YoY in 1H 2020, as a strong +11% topline growth was offset by impairment losses on financial assets and aircraft. ( read original story ...)
Jack Ma’s Ant Group raises its funding target to $35 billion, likely making it the largest IPO ever
When Ant goes public, it will likely earn a massive valuation that puts it ahead of Saudi Aramco's record-shattering $25.6 billion IPO late last year. ( read original story ...)
Coronavirus: Hong Kong government to give one-time handout of HK$10,000 to non-permanent residents in need
Critics of the move maintain newcomers to Hong Kong haven’t contributed enough to warrant help, while supporters insist they are part of the city’s fabric. ( read original story ...)
Asia-Pacific Markets Rocked by Plunge in Hong Kong Bank Stocks, Rising Global Virus Fears
Pacific stock indexes were lower on Monday, with Hong Kong’s Hang Seng Index leading losses. Markets in Japan were closed on Monday for a holiday. The catalysts behind the weakness were reports that ... ( read original story ...)
Hong Kong has effective anti-money laundering supervision: regulator
Hong Kong's banking regulator said the financial hub was committed to meeting international standards on anti-money laundering, after media reports that some leading banks had moved large sums of ... ( read original story ...)
HSBC’s Hong Kong shares plunge 52% year-to-date as bank gets caught in multiple troubles
The London-based bank's Hong Kong shares on Monday slid below their closing low for March 2009, closing at HK$29.30. They have plunged 52 per cent this year - reaching the lowest since 1995. (In ... ( read original story ...)