A young Chinese entrepreneur has joined the billionaire ranks after his tea shop chain listed on a US stock exchange, despite growing tensions between China and the United States.
US lawmakers urge JPMorgan, Bofa to exit CATL IPO over CCP ties
JPMorgan Chase & Co. CEO Jamie Dimon and Bank of America CEO Brian Moynihan on Thursday received a letter from John Moolenaar, chairman of the United States House Select Committee on Chinese Communist ...
‘Hong Kong could fall short of 2% growth forecast amid Trump tariffs’
Hong Kong could fall short of its 2 per cent economic growth forecast under the effects of the United States’ sweeping tariffs on Chinese goods, while the local stock market may experience short-term ...
Geopolitics helps drive Middle Eastern money to Asia as wealthy Gulf investors hedge their bets
That’s pushing the Gulf to look at other markets, particularly Asia. “Middle Eastern sovereign wealth funds have continued quite an aggressive investment strategy” in the region, says Ana Nacvalovaite ...
Decoupling may offer silver lining for IPOs in Hong Kong
Hong Kong stands to benefit if Chinese companies are delisted from American exchanges and have to look for a new home As their trade war heats up, experts and industry insiders are fretting how China ...
Foreign capital rushing into Hong Kong, mainland amid US tariff war: Paul Chan
Financial circles have observed international capital is being allocated to the Hong Kong and mainland markets at an accelerated pace, Paul Chan says.
‘Hong Kong could fall short of 2 per cent growth forecast amid Trump tariffs’
Hong Kong could fall short of its 2 per cent economic growth forecast under the effects of the United States’ sweeping tariffs on Chinese goods, while the local stock market may experience short-term ...
Foreign Secretary urged to intervene in HSBC pensions scandal
McDougall called on Lammy to meet members of the British National (Overseas) community whose savings have been frozen by the banking giant.
Maryland finance expert weighs in after Hong Kong Post suspends shipping of non-airmail packages to U.S.
On Wednesday, the postal service, Hongkong Post, suspended non-airmail packages. Loyola University Maryland Executive in Residence of Finance Jason Cherubini said items coming from Chinese ...
China Stocks to Face $800 Billion US Selling in Extreme Case: GS
US investors could be forced to offload around $800 billion of Chinese equities “in an extreme scenario” of financial decoupling between the world’s two largest economies, Goldman Sachs Group Inc.
Global financial ‘bloodbath’ as Trump’s tariffs spark fears of worldwide recession, Hong Kong shares have worst day for 28 years and European stock futures tank
Shares in Hong Kong plummeted more than 13 percent in their worst day since the 1997 Asian financial crisis, as the Singapore benchmark index dropped 6.8 per cent. South Korea's Kospi lost 4.4 per ...
JPMorgan and BofA should stop work on IPO for China’s CATL, lawmaker says
JPMorgan Chase & Co and Bank of America should withdraw from working on the initial public offering of Chinese electric vehicle battery giant CATL, a Republican lawmaker said on Thursday. John ...
Hang Seng Bank, Mastercard launch new multi-currency debit card for businesses
It offers instant debit, secure exchange rates, and free transaction fees. Hang Seng Bank, in collaboration with Mastercard, has launched a new multi-currency debit card for businesses. The Hang Seng ...
A 30-Year-Old Becomes Billionaire on US IPO of Chinese Tea Chain
A 30-year-old Chinese entrepreneur has become an unlikely billionaire with the listing of his sprawling tea shop chain in the US, even as tensions between the two nations stoke an economic decoupling ...