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Tag: finance

Posted on 28/07/2020

Hang Seng to Launch New Index of Benchmark-Beating Tech Stocks

A new index focused on China’s technology giants is set to give investors greater access to their growing dominance in Hong Kong’s market.The new index will track the 30 largest tech companies listed ... ( read original story ...)

Posted on 27/07/2020

The next global financial crisis looms as coronavirus batters demand, warns former Hong Kong Monetary Authority chief Joseph Yam

Covid-19 has pushed the world to the brink of another financial crisis, as ‘problematic’ global QE programmes won’t overcome the slump in consumption, says Joseph Yam, former chief of Hong Kong’s de ... ( read original story ...)

Posted on 27/07/2020

Hang Seng Tech Index swings between gains and losses on debut, but focus now on smaller firms that can juice fund returns

Smaller companies, in the shadows of Alibaba and Tencent, hope that the index will bring them to the attention of fund managers. ( read original story ...)

Posted on 27/07/2020

China’s Tigermed to raise up to $1.38 billion in Hong Kong listing

Hangzhou Tigermed Consulting plans to raise up to $1.38 billion in its Hong Kong listing, which could make the Chinese clinical trial and research firm the largest healthcare transaction ... ( read original story ...)

Posted on 27/07/2020

Continued Consolidation Called For Hong Kong Bourse

BOC Hong Kong fell 2.01 percent, Ping An Insurance slid 1.59 percent, CNOOC dipped 1.50 percent, AIA Group slipped 1.30 percent, Industrial and Commercial Bank of China sank 1.27 percent, Hong Kong & ... ( read original story ...)

Posted on 26/07/2020

Huawei summit, Hang Seng Tech Index launch and Apple Q3 results

The Stock Exchange of Hong Kong will begin showing off its new lineup ... The index, created by a unit of Hang Seng Bank, is intended to serve as a basis for the creation of new funds and ... ( read original story ...)

Posted on 25/07/2020

How to use ETFs to play Ant Group’s historic Shanghai-Hong Kong dual listing, possibly one of the biggest IPOs ever

ETF analysts share some ways U.S. investors can get in on Alipay parent Ant Group's upcoming dual listing in Shanghai and Hong Kong. ( read original story ...)

Posted on 24/07/2020

Berkshire adds to BofA stake; global banks conform to new Hong Kong reality

The bank was told to widen its capital buffer last month after ... “Western banks appear to be bending to the new reality” in Hong Kong, where China is tightening its grip following imposition of a ... ( read original story ...)

Posted on 24/07/2020

Red capital: how Chinese companies wield political influence in Hong Kong

The US removal of Hong Kong's special economic status is partly a response to China's growing use of businesses there to exert its power. ( read original story ...)

Posted on 24/07/2020

Ping An Bank Named Asia’s Best Digital Bank by Euromoney, A First for Chinese Bank

Ping An Insurance (Group) Company of China, Ltd. (hereafter “Ping An” or the “Group”, HKEx:2318; SSE:601318) announced that the Group’s subsidiary, Ping An Bank Co., Ltd. (hereafter “Ping An Bank”, SZ ... ( read original story ...)

Posted on 24/07/2020

Hong Kong Stock Market Draws A Red Light For Friday

BOC Hong Kong surrendered 0.45 percent, CITIC advanced 0.40 percent, Galaxy Entertainment added 0.39 percent, Henderson Land dropped 0.34 percent, Ping An Insurance sank 0.29 percent, New World ... ( read original story ...)

Posted on 24/07/2020

Ant Group is taking its IPO to Hong Kong and Shanghai. Why is it skipping New York?

So Ant Financial probably has made a strategic calculation that this is going to be just fine, at least for now, the dual listing in Shanghai and Hong Kong. And the investors are going to find them. ( read original story ...)

Posted on 23/07/2020

China Fortifies Hong Kong’s Role as Financial Powerhouse

China’s tightening grip on Hong Kong has some in the West predicting the city’s days as a global financial center are numbered. Beijing, however, is betting the former British colony will grow into a ... ( read original story ...)

Posted on 23/07/2020

Hong Kong protests: bank manager gets 100 hours of community service for shining laser beams at police

Kwok Fu-wah, 37, admitted to have shone flashlights at police vehicles and officers of Tseung Kwan O Police Station on New Year’s Day. ( read original story ...)

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