Banks including HSBC, Standard Chartered and Citigroup have seen a spike in enquiries from Hong Kong residents about opening offshore accounts amid concerns stemming from China's decision to impose a ... ( read original story ...)
China’s JD.com To Raise $4.1 Billion With Second Listing In Hong Kong
Chinese e-commerce giant JD.com is seeking to raise HK$31.4 billion ($4.05 billion) through a second listing in Hong Kong, joining fellow tech companies including Alibaba and NetEase in choosing the ... ( read original story ...)
Overbought Hang Seng Nonetheless Called Higher On Monday
The Hong Kong stock market has climbed higher in five straight sessions, rising more than 1,775 points or 7.6 percent along the way. ( read original story ...)
HSBC Is Navigating Dangerous Waters on Hong Kong
By supporting the national security law, the British-based bank is pointing to an even bigger shift of its resources to China. But at what cost? ( read original story ...)
Shift4, Dada, Legend Raise Over $1 Billion in U.S. IPO Surge
(Bloomberg) -- A multi-sector trident of companies priced shares worth over $1 billion on Thursday, showing the rebounding strength of U.S. initial public offerings even as the coronavirus pandemic ... ( read original story ...)
Hong Kong reins back local dollar amid hot money influx ahead of city’s blockbuster IPOs, allaying concerns of capital flight
Hong Kong's monetary authority stepped into the financial market to rein back the local currency, which had been pushed over the top end of its trading band against the US dollar by the influx of ... ( read original story ...)
Hong Kong Set for Blockbuster IPOs in Coming Week
Initial public offerings in Hong Kong are set to roar back next week with the launch of two multi-billion dollar deals. ( read original story ...)
Singapore bank deposits jump as Hong Kong, virus sow uncertainty
A record jump in money flowing into Singapore bank accounts from abroad underlines the city-state's safe haven appeal during the COVID-19 pandemic and political uncertainty in rival financial centre ... ( read original story ...)
Hong Kong’s Chan Says Ready to Defend U.S. Dollar Peg System
Hong Kong is ready to defend the currency’s link to the U.S. dollar with the support of the mainland, and investors still retain confidence in the system, according to the city’s top financial ... ( read original story ...)
Shift4, Dada, Legend Raising $1 Billion in U.S. IPO Surge
A multi-sector trident of companies is pricing shares worth about $1 billion on Thursday, showing the rebounding strength of U.S. initial public offerings even as the coronavirus pandemic continues ... ( read original story ...)
PBOC Says It Supports Hong Kong’s Role as a Financial Center
China’s central bank said it will “unswervingly” support Hong Kong’s role as an international financial center, in a statement backing the Beijing government’s controversial move to introduce a ... ( read original story ...)
Billionaires are getting richer, the IPO market is heating up, and Mark Cuban reveals why he’s not running for president.
We read all the news today so you wouldn't have to. Here are the highlights (and some lowlights) from the business world today. ( read original story ...)
Hong Kong Confident Peg Will Survive U.S.-China Tensions
Hong Kong wants to send a clear message to its residents and the world: its currency peg isn’t in doubt, despite the city being increasingly caught up in tensions between Beijing and Washington.Focus ... ( read original story ...)
Hong Kong Confident Peg Will Endure U.S.-China Tension
Hong Kong wants to send a clear message to its residents and the world: its currency peg isn’t in doubt, despite the city being increasingly caught up in tensions between Beijing and Washington. ( read original story ...)