ET Net News Agency, 7 May 2025] BOC HONG KONG (02388) rose 1.7% to HK$33.2. It hits an intra-day high of HK$33.2, hitting a historical high, and an intra-day low of HK$33.2. The ...
Hong Kong anti-corruption agency charges 7 linked to Macau builder’s IPO
Four financial professionals and three of their relatives face charges in case related to Huarchi Global Group’s 2019 IPO, ICAC says.
Hong Kong’s Crypto Power Play: SFC Lifts Staking Ban and Forges UAE Alliance
Hong Kong's SFC has engaged UAE regulators on virtual asset oversight and approved staking for licensed platforms.
IPOs Supercharge Demand for Hong Kong Dollars, Prompting Intervention
Demand for the Hong Kong dollar hasn’t been this strong since Ant Group planned the world’s biggest IPO in the city almost five years ago. (Beijing later pulled the deal.) The resulting surge is ...
HKMA Sells Hong Kong Dollars as Currency Approaches Peg to Greenback
The Hong Kong Monetary Authority has sold over a 100 billion in Hong Kong dollars in the foreign-exchange market this month.
Shanghai Gold Exchange to Expand Warehouse Network to Hong Kong
The Shanghai Gold Exchange plans to expand its warehouse network to Hong Kong, helping to raise the profile of its yuan-denominated products, including for the precious metal, beyond mainland China.
Chery gears up for US$1.5 billion Hong Kong IPO without Wall Street banks
Chery Automobile’s planned Hong Kong initial public offering (IPO), which people familiar say could raise about US$1.5 billion, is being led by an all-Chinese bank roster after others decided not to ...
Wall Street Banks Said to Steer Clear of Chery’s $1.5 Billion Hong Kong IPO
One of this year’s biggest listings is coming together in Hong Kong without the involvement of Wall Street banks.
Ahead of Hong Kong IPO, China drug maker Hengrui touts partnership with US giant Merck
Jiangsu Hengrui Pharmaceuticals, a leading Chinese developer of novel drugs that recently received approval to go public in Hong Kong, is likely to see an acceleration in growth as its research and ...
Alibaba’s Fintech Arm Ant Group Eyes Hong Kong IPO For Ant International
Alibaba Group Holding (NYSE:BABA) fintech affiliate Ant Group explored listing its overseas arm, Ant International, on the Hong Kong stock exchange. The Jack Ma-founded fintech giant Ant, which ...
Hong Kong’s 8 online banks set sights on managing wealth after 74% deposits growth
Hong Kong's digital banks plan to expand wealth management businesses as deposits and loans surge Hong Kong's eight digital banks have vowed to expand their wealth management businesses in the coming ...
HSBC to lose Asia expert as Chairman Mark Tucker announces retirement
HSBC said on Thursday that Chairman Mark Tucker will retire by the end of this year, after nearly eight years in the role at Europe's biggest bank presiding over its dramatic shrinking and navigating ...
Hong Kong reins back local dollar amid capital inflow ahead of US rate cut decision
In its first market intervention in two years, the city’s de facto central bank bought US$6.005 billion at HK$7.75.
ZA Bank reports HK$548m net revenue and narrows losses by 42%
Net interest income is 86% higher in 2024. ZA Bank said that it has narrowed its losses by 42% year-on-year (YoY) in 2024, with a net revenue of HK$548m. This is an improvement of HK$167, the Hong ...