By Yantoultra Ngui and Kane Wu HONG KONG, Aug 24 (Reuters) - Online fast-fashion retailer Shein's valuation has dropped by around 70% from a near $100 billion private market peak four years ago, as it ...
Report: HSBC HK Requires Mainland CN Investment Clients to Confirm Source of Funds, Services May Be Terminated for Failure to Submit on Time
Following requirements for new account openings to confirm that funding sources are legitimate channels outside Mainland China, HSBC Hong Kong has recently issued notices to certai... Open trading ...
Hong Kong races to match Singapore’s tax break to lure global fund managers
Singapore’s new tax exemption for fund managers has prompted Hong Kong financial analysts to urge the city to accelerate its own tax break to boost its competitiveness as a financial hub.
Singapore and Hong Kong compete to cut taxes for investors in escalating financial hub rivalry
Singapore and Hong Kong are cutting taxes to attract fund managers in an escalating rivalry, with S$7 trillion in assets under management at ...
Hong Kong’s Student Housing Crisis Spurs Bank Lending Boom
The aging Regal Oriental Hotel is hardly a Hong Kong hotspot, yet in recent weeks it’s become a popular destination for bankers from some of the city’s top lenders, some of whom made repeat visits.
Hong Kong’s new frontier: A safe harbour for Gulf capital
Hong Kong is building gold, technology and trading infrastructure to attract Gulf investors seeking access to Asia’s growth markets ...
Chinese insurer Ping An eyes Hong Kong ETFs as Beijing greenlights cross-border investment
China's largest insurer downplays tax changes, shares positive outlook after reporting 36 per cent profit growth Ping An Insurance (Group), China's largest insurer in terms of market capitalisation, ...
HSBC share price drops following lower-than-expected US$1 billion buy-back
The share price of HSBC Holdings fell 2.5 per cent on Tuesday afternoon following the lender’s announcement of a lower-than-expected share buy-back. HSBC – the top lender in Hong Kong – resumed its ...
BOCHK and Ant International Forge Strategic Partnership to Enhance Cross-border Payment Connectivity and Innovative Corporate Financial Service Solutions Through Fintech
Ant International and Bank of China (Hong Kong) (“BOCHK”) announced that the two parties have forged a strategic partnership. Leveraging BOCHK’s banking strengths and Ant International’s leading ...
HK student housing crisis spurs bank lending boom
THE aging Regal Oriental Hotel is hardly a Hong Kong hotspot, yet in recent weeks it’s become a popular destination for bankers from some of the city’s top lenders, some of whom made repeat visits.
Hong Kong’s IPO boom extends beyond tech, HKEX CEO says, as fundraising tops $40 billion
Chan said firms from sectors like biotechnology, mining, and consumer companies are also in the pipeline.
HKEX CEO: Seeing a return in global interest in the Hong Kong market
Bonnie Chan, CEO of Hong Kong Exchanges and Clearing discusses the company's IPO pipeline and pick up in trading volumes, saying global investor interest in Hong Kong is returning.
Hong Kong Banks Turn to Student Housing as Property Bright Spot
The aging Regal Oriental Hotel is hardly a Hong Kong hotspot, yet in recent weeks it’s become a popular destination for bankers from some of the city’s top lenders, some of whom made repeat visits.
Bank of Shanghai Takes Direct Control of Hong Kong Investment-Banking Unit
Regulators approved the bank’s acquisition of BOSC International as mainland institutions tighten oversight of offshore businesses hit by losses on Chinese property bonds ...