BOC is expected to keep the benchmark rate unchanged at 0.25 ... However, America’s shunning of Hong Kong’s special trading status and anticipated retaliation from China kept the moves capped ... ( read original story ...)
JD.com’s $3.9 billion Hong Kong IPO sees another Chinese giant diversify away from U.S. markets
Chinese e-commerce giant JD.com will go public on Thursday in Hong Kong and is expected to raise at least $3.9 billion, boosting Asia into its biggest week for initial public offerings so far in 2020. ( read original story ...)
Hong Kong Bourse Expected To Erase Tuesday’s Losses
The Hong Kong stock market has moved lower in two of three trading days since the end of the two-day winning streak in which it had gathered more than 230 points or 0.9 percent. The Hang Seng Index ... ( read original story ...)
Trump Ends Hong Kong Trade Preferences, Backs Banking Sanctions
US President Donald Trump said Tuesday he was ending trade preferences for Hong Kong and signed into law an act that authorizes sanctions on banks over China's clampdown in the international finance ... ( read original story ...)
Bankers Shocked by 45% China Tax Rate Consider Leaving Hong Kong
Fears of a Hong Kong brain drain are increasing after China moved to tax its citizens’ global income, undermining the financial hub’s appeal to thousands of bankers and other white-collar workers from ... ( read original story ...)
Wall Street stays unsettled as bank earnings reports roll in
Wall Street is flipping between gains and losses Tuesday after CEOs of the country’s biggest banks painted a mixed picture of how badly the coronavirus pandemic ... ( read original story ...)
Coronavirus update: Global cases of COVID-19 climb above 13 million as California, Hong Kong and India reimpose restrictions on movement
The number of confirmed cases of the coronavirus illness COVID-19 climbed above 13 million on Tuesday, and the world’s eighth biggest economy, ... ( read original story ...)
Wall Street remains unsettled as bank profit reports roll in
Stocks are mostly falling in early trading on Wall Street Tuesday as CEOs of the country’s biggest banks paint a mixed picture of how badly the ... ( read original story ...)
HSBC, StanChart Urge Hong Kong Staff to Work at Home as Virus Spikes
HSBC Holdings Plc and Standard Chartered Plc urged its staff in Hong Kong to work from home again as the city seeks to tamp down a spike in coronavirus cases. ( read original story ...)
Hong Kong can still expect HK$220 billion in IPO proceeds for 2020: EY
Hong Kong's IPO pipeline for new listings is still strong despite potential headwinds from its ongoing political situation and the coronavirus outbreak, says Ringo Choi, EY Asia-Pacific IPO Leader. ( read original story ...)
SoftBank Said to Explore Sale or IPO of Chip Company Arm
Sources have told Bloomberg that SoftBank Group Corp. is exploring options for selling part or all of its stake in Arm Holdings Inc. Bloomberg’s Pavel Alpeyev reports on “Bloomberg Daybreak: Asia.” (S ... ( read original story ...)
Hong Kong Shares Tipped To Open Under Pressure
Hong Kong & China Gas plunged 1.53 percent, China Life Insurance climbed 1.44 percent, Country Garden Holdings tumbled 1.33 percent, Tencent Holdings tanked 1.01 percent, BOC Hong Kong retreated 0.87 ... ( read original story ...)
Here’s why the Trump administration’s threat to hurt Hong Kong’s dollar peg won’t work
Advisors to President Donald Trump were reportedly considering proposals to strike against the Hong Kong dollar peg, in response to China implementing a national security law on the city. ( read original story ...)
Hong Kong’s Resilient Dollar Suffers Sudden Bout of Weakness
The Hong Kong dollar is suddenly looking vulnerable, after weeks of trading at the strong end of its band against the greenback. ( read original story ...)