Tag: finance

The Hong Kong Monetary Authority sold HK$2.79 billion ($360 million) worth of Hong Kong dollars early on Wednesday after the currency hit the strong side of its trading band. The Hong Kong dollar is ... ( read original story ...)

Kingsoft Cloud Holdings has filed for a U.S. IPO. The firm provides a suite of Internet and cloud infrastructure services to enterprises in Asia. The firm has g ... ( read original story ...)

The Hong Kong Monetary Authority sold HK$1.55 billion ($200.01 million) of Hong Kong dollars on Tuesday, after the currency hit the strong side of its trading band. The Hong Kong dollar, pegged to the ... ( read original story ...)

Consumer financial services platform SoFi is making its first expansion outside of the United States with the acquisition of Hong Kong-based investing app 8 Securities. Targeted to personal investors, ... ( read original story ...)

The Hong Kong tranche of cancer drugs developer Akesobio’s HK$2.58 billion (US$330 million) initial public offering has been oversubscribed 639 times, making it the most popular biotechnology listing ... ( read original story ...)

In the summer of 2019, a Megvii IPO was filed with the Hong Kong Exchange. Investors thought they could expect Megvii stock soon after. However, those expectations were not met. Megvii isn’t a public ... ( read original story ...)

Hong Kong is on the verge of selling local dollars for the first time since 2015 after the city’s exchange rate rose to the strong end of its trading band against the greenback.The Hong Kong dollar ... ( read original story ...)

The Hong Kong stock market headed south again on Monday, one session after it had ended the two-day losing streak in which it had fallen almost 430 points or 1.8 percent. The Hang Seng Index now sits ... ( read original story ...)

Sinotruk (Hong Kong) (HKG:3808) shares have had a really impressive month, gaining 32%, after some slippage. But shareholders may not all be feeling jubilant, since the share price is still down 15% ... ( read original story ...)

Hong Kong is extending social distancing restrictions for another 14 days as a precautionary measure, even as the financial hub sees a drop off in daily new Covid-19 infections. ( read original story ...)

Hong Kong's government will extend social restrictions aimed at tackling the coronavirus for another 14 days, the Chine-ruled city's leader Carrie Lam said on Tuesday. Hong Kong recorded zero new ... ( read original story ...)

HSBC, the largest bank in Hong Kong, said some 3,000 small and medium-sized enterprises had expressed an interest in the government-backed loans, while its subsidiary Hang Seng Bank had received 2,000 ... ( read original story ...)

HSBC has cut a number of top management roles in its investment bank, memos seen by Reuters showed, a sign that Chief Executive Noel Quinn is pressing on with plans to shake up the group despite ... ( read original story ...)

HSBC has reshuffled the leadership of its investment banking division, according to a memo seen by Reuters on Monday, as Chief Executive Noel Quinn presses ahead with changes at the top despite having ... ( read original story ...)