Tag: finance

Hong Kong Exchanges & Clearing Ltd.’s co-head of initial public offering vetting, Lin Shi, resigned, according to an internal memo. ( read original story ...)

Big Chinese banks are a bit too socially distant from their own virus-stricken economy. Industrial and Commercial Bank of China – the world’s largest lender by assets – and its hulking peers grew ... ( read original story ...)

Kingsoft Cloud Holdings Ltd. rose as much as 34% after raising $510 million in the first major listing of a Chinese company in the U.S. since the accounting scandal at Luckin Coffee Inc.Shares of the ... ( read original story ...)

Kingsoft Cloud, one of China's top cloud services providers, is expected to make its Wall Street debut Friday even as markets are roiled by the coronavirus pandemic. US investors are also wary of ... ( read original story ...)

Ultra-wealthy people have placed more fresh funds in Singapore than Hong Kong this year, the region’s largest wealth manager says. ( read original story ...)

Hong Kong stocks rose on Friday, in line with gains on the mainland, as investors cheered Beijing opening up its financial markets further to foreign investors and talks between U.S. and Chinese trade ... ( read original story ...)

Chinese cloud computing company Kingsoft Cloud Holdings Ltd raised $510 million in its U.S initial public offering, the first Chinese company to list in the United States since the coronavirus ... ( read original story ...)

The Hong Kong stock market on Thursday snapped the two-day winning streak in which it had gathered more than 520 points or 2.2 percent. The Hang Seng Index now sits just above the 23,980-point plateau ... ( read original story ...)

The Bank of England also revealed a bleak outlook for the country in its May Monetary Policy report, its first since the outbreak. It expects the economy to contract by 25% and the unemployment rate ... ( read original story ...)

Hong Kong Exchanges & Clearing Ltd. Chief Executive Officer Charles Li said he’s stepping down after 10 years, adding his departure to the rising challenges for the bourse at a turbulent time for the ... ( read original story ...)

The Manulife group of companies operating in Hong Kong ("Manulife Hong Kong") today announced solid growth for the first quarter of 2020. ( read original story ...)

Trump to report on China’s fulfillment of trade deal BEIJING/SHANGHAI, May 7 (Reuters) - Hong Kong shares ended lower on Thursday, as sentiment was weighed by a bleak outlook for global trade after ... ( read original story ...)

Hong Kong Exchanges & Clearing Ltd. reported a 13% fall in its first-quarter net profit, as pandemic-triggered turmoil in the financial markets led to ... ( read original story ...)

The Hong Kong stock market has moved higher in back-to-back sessions, advancing more than 520 points or 2.2 percent along the way. The Hang Seng Index now sits just beneath the 24,140-point plateau ... ( read original story ...)