Hong Kong Investment Corporation (HKIC) has identified three projects in biotechnology, sustainable energy and health for investments, as the HK$62 billion (US$8 billion) strategic fund manager ...
Midea prices Hong Kong IPO – biggest in 3 years – at top of range to raise US$3.46 billion
The initial public offering (IPO) of Chinese appliance maker Midea has been priced at the top of the anticipated range amid intense investor interest, as the blockbuster deal gives Hong Kong's fund-raising market a much-needed shot in the arm after more ...
Washington’s Warning on Hong Kong Is a Wakeup Call
Hong Kong’s reputation as a top-tier global financial hub has taken another hit. A recent US advisory is urging American companies operating there to consider the legal and regu ...
Can Xi Jinping take Hong Kong “from stability to prosperity”?
In the international firms that fill Hong Kong’s high-rise office blocks, the mood is far from buoyant. When the American Chamber of Commerce in Hong Kong surveyed its members at the end of 2023, it ...
A CEO went missing. Then his bank got a mysterious bill for $11 million
A Chinese investment bank known for making some of the biggest deals in the country’s tech sector during its heyday has revealed it received a massive bill for 78 million yuan ($11 million) related to ...
Hong Kong in talks with UAE and Saudi sovereign wealth funds for Asia investments
Hong Kong is in talks with sovereign wealth funds in Dubai, Abu Dhabi and Riyadh to channel their investments into broader Asian markets including China and enable deals for Asian investors in the ...
China threatens to retaliate over U.S. bill that could shutter Hong Kong trade offices
American lawmakers have passed a bill that could lead to the closure of Hong Kong’s trade offices, drawing condemnation from its government and Beijing.
Appliance Giant Midea’s Big Hong Kong Debut to Set Tone for IPO Revival
Hong Kong’s biggest listing in more than three years presents a major test for the city’s struggling market for initial public offerings.
HSBC tops Nestle as world’s best dividend payer while China Mobile leads Hong Kong peers
The largest bank in Europe and Hong Kong topped the dividend-payout list with a total disbursement of US$11.7 billion for the June quarter, aided by a US$4 billion special dividend with proceeds from ...
Freedom Holdings eyes Hong Kong’s dim sum bond market to fund Kazakh optic-fibre project
The company’s telecoms unit Freedom Telecom plans to spend 107 billion tenge (US$236 million) until the end of 2027 on two projects in Kazakhstan.
China Condemns US Over Bill That Could Shut Hong Kong Trade Offices
China criticized the US over a bill that could eventually lead to the closure of Hong Kong trade offices in America, escalating tensions over the financial hub’s status.
Hong Kong interbank rates slump in downbeat signal
Interbank lending rates in Hong Kong slid to more than one-year lows on Wednesday, pointing to a lacklustre mood and low confidence as idle cash swamps one of Asia's financial capitals. The overnight ...
Investors eat up dim sum bonds from Guangdong province, Hong Kong’s MTR
Issuance of offshore yuan-denominated bonds has jumped 28 per cent this year, according to the Hong Kong Monetary Authority.
Hong Kong Stock Tied to Pop Star Jay Chou Suddenly Plunges 73%
A company backed by the mother of Asia pop megastar Jay Chou saw its stock tumble by a record 73% Wednesday, with no immediately apparent reason.