But Hong Kong’s success as a centre of international finance, connecting the world to mainland China, is built on several foundations. These include having a stable business environment, the free flow ... ( read original story ...)
Smoore International raises $918 mln in Hong Kong IPO, sources
Chinese e-cigarette and vape manufacturer Smoore International, one of the largest companies of its kind in the world, has raised $918 million after pricing its shares at HK$12.40 each in its Hong ... ( read original story ...)
HK$10,000 government handout: more than 3 million receive cash as bank websites flooded with user traffic from those keen to see money
Multiple banks put up notices advising clients system maintenance needed due to high network volume. The cash, under a wider coronavirus relief package, was delivered to the first batch of successful ... ( read original story ...)
HKMA sells HK$5.43 bln as currency hits strong end of trading band
The Hong Kong Monetary Authority sold HK$5.425 billion ($700 million) into the market in Hong Kong trading hours after the local currency hit the strong end of its trading band, according to data ... ( read original story ...)
Smoore International raises $918 million in Hong Kong IPO – sources
Chinese e-cigarette and vape manufacturer Smoore International , one of the largest companies of its kind in the world, has raised $918 million (£734.93 million) after pricing its shares at ... ( read original story ...)
Hang Seng Index Breaks 25,000 as China A50 Tests a Key Resistance
The Hang Seng Index has broken resistance at 25,000 with increased volume, with south-bound flow a big driver. The China A50 stock index is testing major resistance. ( read original story ...)
Hong Kong national security law may spook socially conscious investors, sparking outflows
Investors who take a sustainable approach to allocating capital may be reevaluating putting their money into Hong Kong after the city implemented a national security law, an analyst said on Friday. ( read original story ...)
What are Hongkongers going to do with their HK$10,000 payout? Bet on the stock market, from the looks of it
Starting this week, each permanent resident of Hong Kong will be eligible to receive HK$10,000 (US$1,290) in a one-time cash payout, part of the government's HK$55 billion financial stimulus to help ... ( read original story ...)
No politics, please! Hong Kong finance professionals impose self-censorship after security law
A year ago, growing anti-government demonstrations in Hong Kong were a hot topic in conversations among bankers, lawyers and other investment professionals in one of the world's biggest and freest ... ( read original story ...)
China has HSBC’s taipan in a vice with few options but to fall in line with the security law for Hong Kong in the bank’s biggest market
As a member of top Chinese political advisory body, HSBC’s Asia-Pacific CEO had to document his support for the highly controversial law, a source says. ( read original story ...)
As Bank of East Asia joins Hong Kong lenders in providing mortgages for Greater Bay Area homes, here is what you need to know about the loans
Hong Kong banks expect more Hongkongers to seek out property in the Greater Bay Area development zone, and at least six of these now offer mortgages for such purchases. ( read original story ...)
China Beverage Firm Wahaha Said to Mull IPO Above $1 Billion
Hangzhou Wahaha Group Co., one of China’s biggest drink makers, is weighing an initial public offering that could raise more than $1 billion, according to people with knowledge of the matter. ( read original story ...)
HSBC to invest further in China amid political strife over Hong Kong law
Reuters/BOBBY YIP HSBC headquarters is seen at the financial Central district in Hong Kong HONG KONG (Reuters) - HSBC Holdings Plc said on Friday it would make new investments ... ( read original story ...)
Global banks seeking details of U.S. sanction threat against China individuals for Hong Kong law
International banks were seeking details on Friday of the scope of U.S. legislation that would penalize them for doing business with Chinese officials who implement Beijing's sweeping new national ... ( read original story ...)