The 60-year-old chairman of the company has amassed wealth of $830 million mostly based on a family stake in Mao Geping Cosmetics Co., according to Forbes estimates.
EY Foresees HK IPO Fundraising to Whop $120B in 2025, Likely to Return No.3 in World
Excluding MIDEA GROUP (00300.HK), which raised HKD35.67 billion, the average IPO capital raised this year was HKD758 million, up 11% YoY, but still at a relatively low position in recent years. EY was ...
Hong Kong Doubles This Year’s Deficit Forecast to $12.9 Billion
HONG KONG (Reuters) - Hong Kong is set to post a consolidated deficit of around HK$100 billion ($12.85 billion) for the fiscal year through March, more than twice originally forecast, the city's ...
Credit Agricole bolsters Asia expansion from Hong Kong, undeterred by Trump’s trade war
Bank has strong capability in yuan trading, green finance and infrastructure development, CEO Xavier Musca says French banking giant Credit Agricole CIB is committed to using Hong Kong as a base to ...
Shenzhen residents rush to secure multiple-entry visas to Hong Kong on first day
While finance chief expresses optimism over support scheme will bring to economy, others doubt any boost will happen soon.
Hong Kong think tank FSDC outlines measures to develop transition finance
Hong Kong’s Financial Services Development Council (FSDC), a government think tank, has released a report outlining recommendations on how to leverage the city’s financial muscle to develop transition ...
HK Finance Chief Expects 50% Jump in Airport Capacity by 2035
Hong Kong International Airport’s handling capacity will increase 50% by 2035, Financial Secretary Paul Chan said in his weekly blog. The city’s airport will be able to manage 120 million passengers ...
HSBC Holdings to kick off search for next chairman
Europe's biggest lender has hired headhunters to identify a successor to Mark Tucker, who will have held the role for nine years by the time he steps down in 2026, Sky News learns.
Hang Seng Bank Enhances Transaction Framework with HSBC
Hang Seng Bank (HK:0011) has released an update.Don't Miss our Black Friday Offers:Unlock your investing potential with TipRanks Premium - Now ...
Exclusive: HSBC pulling back from China credit card business after struggling to expand
HSBC is pulling back from its credit card business in China eight years after its launch, as the lender struggled to expand and make the enterprise profitable in the world's second-largest economy, ...
Hong Kong Plans To Exempt Hedge Funds, Private Equity Firms and the Super Rich From Paying Crypto Taxes: Report
Hong Kong is reportedly eyeing new tax policies that can help in its push to become a top finance and cryptocurrency hub.
Hong Kong central bank to subsidize companies issuing tokenized bonds
Hong Kong’s central bank, the Hong Kong Monetary Authority (HKMA), has launched a scheme to subsidize some of the costs of issuing tokenized bonds, aimed at encouraging more adoption of tokenization ...
Exclusive – HSBC pulling back from China credit card business after struggling to expand, sources say
HSBC is pulling back from its credit card business in China eight years after its launch, as the lender struggled to expand and make the enterprise profitable in the world's second-largest economy, ...
China hawks stick beaks into HK’s financial status
They vehemently attacked the Hong Kong national security law that came into force in July 2020 as a political tool that effectively subjects Hong Kong to Beijing's control, and demanded that the ...