JPMorgan Chase has taken on two well-known bitcoin exchanges, Coinbase and Gemini Trust, as banking customers, say people familiar with the matter, the first time the bank has accepted clients from ... ( read original story ...)
Coronavirus: No lay-offs during pandemic, vow 4,200 companies in Hong Kong
Some big names have agreed to the pledge organised by the Hong Kong Coalition, including China Resources and Sunwah Group. While at least 100,000 workers fall under the umbrella of the campaign, the ... ( read original story ...)
Chinese Cancer Screening Firm to Pick Goldman, UBS for IPO
New Horizon Health Ltd., a Chinese maker of home test kits for colon cancer, has picked Goldman Sachs Group Inc. and UBS Group AG to arrange its planned initial public offering in Hong Kong, according ... ( read original story ...)
Window For This Bullish Hong Kong Dollar Trade Is Closing
Hedge funds may have just weeks left to make good money from the long Hong Kong dollar carry trade.Local interest rates, which have remained stubbornly high relative to those in the U.S., will fall at ... ( read original story ...)
The Chinese IPO That Led the Way in Wall Street’s Virtual Shift
As the pandemic began rattling markets, there was no such thing as business as usual. That didn’t stop Ma Cunjun and his bankers. ( read original story ...)
Hong Kong stocks rise as more countries look to ease restrictions
Hong Kong stocks tracked Wall Street higher on Monday as more countries looked to restart their economies, though gains were capped by fears of a coronavirus resurgence in mainland China. ** At the ... ( read original story ...)
US IPO Weekly Recap: Kingsoft Cloud completes largest IPO since March in 3 IPO week
I n the busiest week for the IPO market since February, three upsized IPOs and three SPACs entered the public market. Kingsoft Cloud (KC) led the way, completing the largest IPO since GFL ... ( read original story ...)
Daily Markets: Renewed Coronavirus Outbreaks and Trade Uncertainties Weigh on Equities
Chair Liu said China hadn't met the US’s purchase demands under Phase One of the trade deal, a revelation that sets the stage for trade talks this week between Chinese Vice Premier Liu He and U.S. ( read original story ...)
Emerging economies burn through $240 billion in reserves, drain seen continuing: Bank of America
Leading emerging countries have burned through $240 billion in foreign exchange reserves over the past two months, Bank of America said on Monday, as central banks look to prop up their currencies and ... ( read original story ...)
BOC Hong Kong 1Q Net Operating Profit Before Impairment Rose 2.6%
BOC Hong Kong (Holdings) Ltd. said its first-quarter net operating profit before impairment allowances rose 2.6%, mainly supported by growth in interest earnings. Net operating profit for the first ... ( read original story ...)
Goldman, HSBC Staff Return to Offices as Hong Kong Eases Curbs
HSBC Holdings Plc, Goldman Sachs Group Inc. and Barclays Bank Plc allowed more employees to resume working from their offices in Hong Kong Monday as the city relaxes social-distancing curbs after ... ( read original story ...)
Short Term Outlook of Hang Seng Index: Gap Up and Break the Trend line.
Hong Kong's Hang Seng Index jumped around 2% following the rise of the U.S. market last Friday. In Asia Pacific, Japan's Nikkei Index was up around 1.4% and Australia's ASX200 Index climbed around 1.7 ... ( read original story ...)
Asian markets gain as hopes rise on economies reopening; Hang Seng up 2%
Hong Kong’s Hang Seng index surged over 1.82%, the Nikkei 225 jumped 1.6%, the Topix index gained 1.61%, South Korea’s Kospi also added 0.46%. ( read original story ...)
Hong Kong stocks rise as more nations look to ease lockdowns
Hong Kong shares tracked Wall Street higher on Monday, on course for their best session since April 7, as more countries looked to restart their economies. SHANGHAI, May 11 (Reuters) - Hong Kong ... ( read original story ...)