Hong Kong's Exchange Fund suffered losses of HK$86.1 billion ($11.11 billion) in the first quarter of 2020, central bank Hong Kong Monetary Authority told local lawmakers in a regular briefing on ... ( read original story ...)
IPO Update: Kingsoft Cloud Holdings Proposes IPO Terms
Kingsoft Cloud Holdings aims to raise $425 million in a U.S. IPO. The company provides a range of software and services to assist Asia-based enterprises in tran ... ( read original story ...)
HSBC to buy out life insurance joint venture partner in China
HSBC Holdings PLC said on Monday its insurance unit had agreed to acquire its China life insurance venture partner's 50% stake to own fully the company under the new rules on foreign ownership that ... ( read original story ...)
Hong Kong recession deepens further, first-quarter GDP shrinks 5.3%
Hong Kong's recession deepened in the first quarter as the coronavirus pandemic dealt a heavy blow to business activity, already in decline following months of often violent anti-government protest ... ( read original story ...)
Nongfu Spring plans $1 bln Hong Kong IPO as city’s capital markets start to recover
Chinese bottled water manufacturer Nongfu Spring is pressing ahead with its Hong Kong initial public offering (IPO) worth up to $1 billion, as the city's capital markets show signs of reviving ... ( read original story ...)
Citi names veteran Rizvi as APAC corporate banking head: memo
Citigroup Inc has named veteran banker Kaleem Rizvi as its Asia Pacific head of the corporate banking business, according to an internal memo reviewed by Reuters on Monday. ( read original story ...)
Hong Kong’s Exchange Fund suffers $11 billion losses in first quarter
Hong Kong's Exchange Fund suffered losses of HK$86.1 billion ($11.11 billion) in the first quarter of 2020, central bank Hong Kong Monetary Authority told local lawmakers in a regular briefing on ... ( read original story ...)
Hong Kong falls more than 3% as US-China tensions weigh on investor sentiment
Tensions are rising between Washington and Beijing, as U.S. President Donald Trump said Sunday that he believed that a "mistake" in China was the cause of the spreading coronavirus pandemic. ( read original story ...)
Hong Kong’s Chan Warns City Could Face Deepest Slump on Record
Hong Kong Financial Secretary Paul Chan warned the city could be hit by its worst economic slump on record even as authorities prepare to ease some lockdown measures amid signs the coronavirus ... ( read original story ...)
Police Disperse Hong Kong Protesters Defying Virus Curbs
Hong Kong police deployed pepper spray to disperse protesters congregated at a shopping mall Friday, as tensions in the city mount following a lull during the coronavirus outbreak. ( read original story ...)
Financial Supply Chain In The Covid-19 Pandemic: Fuel Or Wildfire?
By Christopher S. Tang, Edward W. Carter Chair in Business Administration, UCLA Anderson School and S. Alex Yang, Associate Professor, Management Science and Operations, London Business School. ( read original story ...)
China’s regulator urges Bank Of China to investigate problem of oil-linked products
China's banking and insurance regulator said on Thursday it had asked Bank of China to investigate a problem related to the bank's crude oil products. ( read original story ...)
Why China Travel International Investment Hong Kong Limited’s (HKG:308) Return On Capital Employed Might Be A Concern
Today we'll evaluate China Travel International Investment Hong Kong Limited (HKG:308) to determine whether it ... ( read original story ...)
Hong Kong Activist Edward Leung Loses Appeal Against Prison Term
A Hong Kong court rejected an appeal by an influential activist who was trying to reduce his prison sentence for rioting related to a violent 2016 protest. ( read original story ...)