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Tag: finance

Posted on 13/06/2019

Tensions simmer between Hong Kong riot police, protesters after day of violence

HONG KONG (Reuters) - Hong Kong riot police and protesters braced early on Thursday for possible further clashes across the city’s financial district after a day of violence over an extradition ... ( read original story ...)

Posted on 12/06/2019

Hong Kong’s Threat to Its Financial Stub Status, IPO Market

Jun.12 -- Bloomberg’s Sonali Basak discusses Hong Kong's financial stub status amid protest and what it may mean for the IPO market. She speaks with Bloomberg's Alix Steel and David Westin on ... ( read original story ...)

Posted on 12/06/2019

Chaotic Protests Grow in Hong Kong; Hang Seng Tumbles

Market turbulence could grow for Hong Kong markets as business investors are adamant in not having this extradition bill passed. The Hang Seng fell 1.7% and could see further weakness as investors ... ( read original story ...)

Posted on 12/06/2019

Hong Kong Markets Roiled by Interbank Rate Squeeze Amid Protests

(Bloomberg) -- Hong Kong stocks tumbled and the currency soared as interbank interest rates jumped amid protests that closed roads in the city’s financial district. The Hang Seng Index fell 1.7% at ... ( read original story ...)

Posted on 12/06/2019

Hong Kong protests send stocks lower, spark scramble for cash

The benchmark Hang Seng Index gave up 1.6% in the morning session, while Chinese companies in Hong Kong slid 1.1%, compared with losses of less than 0.6% losses in Shanghai and Asia ex-Japan. The ... ( read original story ...)

Posted on 12/06/2019

Asian stocks mostly lower as protests shake up Hong Kong

TOKYO — Shares declined in Asia on Wednesday and Hong Kong's Hang Seng index tumbled nearly 2% as thousands continued protests against proposed legislation that many city residents fear could further ... ( read original story ...)

Posted on 12/06/2019

Logistics park developer seeks US$1.24 billion in IPO

via the Hong Kong Exchange and the vast bulk of 529.3 million, or 94.4 percent of the offer, via an international placement). Shares will be priced in the range of HK$14.58 to HK$17.40 (US$1.86 to ... ( read original story ...)

Posted on 12/06/2019

Thousands of protesters paralyze Hong Kong’s financial hub over extradition bill

HONG KONG (Reuters) - Chaotic scenes erupted in Hong Kong on Wednesday as tens of thousands of demonstrators stormed key roads next to government offices to protest against a proposed extradition bill ... ( read original story ...)

Posted on 12/06/2019

Hong Kong Stocks Drop Most in Asia as Protesters Block Roads

The biggest contributors to losses included Hong Kong Exchanges & Clearing Ltd., which operates the city’s stock exchange, as well as lenders HSBC Holdings Plc and Hang Seng Bank Ltd. Chinese ... ( read original story ...)

Posted on 12/06/2019

HSBC sets up US$880 million technology fund to find the next Tencent or DJI in southern China’s Greater Bay Area

The GBA+ Technology Fund will focus on lending to high-growth companies in mainland China, Macau and Hong Kong in a variety of sectors, including e-commerce, financial technology (fintech), robotics, ... ( read original story ...)

Posted on 12/06/2019

Hong Kong protesters storm key road next to government offices amid chaotic scenes

HSBC and Standard Chartered, in addition to the Big Four accounting firms, had all agreed to flexible work arrangements for staff on Wednesday, Hong Kong media reported. Strikes and transport go-slows ... ( read original story ...)

Posted on 12/06/2019

Exclusive: Grab eyes Singapore banking license as regulator studies virtual banks – sources

HONG KONG/SINGAPORE (Reuters) - Grab, Southeast Asia’s most valuable start-up, is exploring a move into Singapore banking as regulators in the Southeast Asian city-state consider allowing online ... ( read original story ...)

Posted on 12/06/2019

Exclusive: Grab eyes Singapore banking licence as regulator studies virtual banks – sources

HONG KONG/SINGAPORE (Reuters) - Grab, Southeast Asia's most valuable start-up, is exploring a move into Singapore banking as regulators in the Southeast Asian city-state consider allowing online ... ( read original story ...)

Posted on 12/06/2019

Hong Kong gears up for mass strikes as thousands rally overnight against extradition bill

Hong Kong Chief Executive Carrie Lam said she would press ahead with the legislation despite deep concerns across large swathes of the Asian financial hub that on Sunday triggered its biggest ... ( read original story ...)

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