As the losses of customers who invested in ELS linked to the Hong Kong H-Index are expected to exceed $751 million soon, it has been revealed that these banks have earned about $140 million in ...
Putin Reportedly Approves Expobank’s Acquisition of HSBC’s Russian Biz
Russian President Vladimir Putin approved the sale of HSBC Bank (RR), a Russian business, by HSBC HOLDINGS (00005.HK) to local bank Expobank, according to foreign media reports.Pre... Russian ...
Hong Kong Housing Society plans to seek bank loan of at least HK$1 billion, sell some assets to tackle cash-flow issues in coming years
Hong Kong Housing Society chairman Walter Chan says bank loan is the easiest and most direct way to raise capital City's second-largest public housing provider has faced challenges in recent years, ...
HSBC, BEA Complete 1st Digital Bond Repurchase Deal
HSBC announced the completion of a HKD repurchase transaction with BANK OF E ASIA (00023.HK), secured by the Hong Kong Government's Digital Native Green Bonds, representing the first repurchase ...
Hong Kong budget 2024-25: will city get back tourism spark from fireworks, drone shows? Experts question reported multimillion dollar plan
Lawmakers and tourism sector cast doubt over effectiveness of possible monthly Victoria Harbour fireworks and drone performances, as well as light show revamp Source earlier revealed finance chief ...
Hong Kong under pressure to ease property curbs, plug deficit in budget
Hong Kong unveils its annual budget on Wednesday at a time when it faces mounting fiscal deficits and economic headwinds including a struggling Chinese economy, with markets expecting authorities to ...
Zhida, a Chinese maker of EV charging systems, is weighing US$128 million Hong Kong IPO this year, source says
Shanghai Zhida Technology Development, which makes electric-vehicle charging systems, is working with Shenwan Hongyuan on an IPO, source says. Its systems are used by 70 car brands in China.
China’s Zhida Weighing HK$1 Billion Hong Kong IPO This Year, Sources Say
Shanghai Zhida Technology Development Co., a maker of electric-vehicle charging systems, is considering an initial public offering in Hong Kong that could raise about HK$1 billion ($128 million), ...
Li Ka-shing retains top spot on Forbes list of Hong Kong’s richest
Business magnate Li Ka-shing keeps his crown as the wealthiest person in the city according to the Forbes list of Hong Kong’s 50 richest in 2024. Despite a city-wide decline in net worth, thanks to ...
HSBC HOLDINGS Buys back ~5.45M Shrs for HKD323M Ytd
HSBC HOLDINGS (00005.HK) announced that it repurchased a total of 5.4499 million shares of the company yesterday (26th) in the UK and Hong Kong markets for a total of HKD323 millio... HSBC HOLDINGS ...
Hong Kong Budget Expected to Ease Property Curbs, Boost Tourism
Hong Kong Financial Secretary Paul Chan will look this week to cement the city’s tentative economic recovery and burnish its image as a global financial center while reining in the fiscal deficit.
How Hong Kong’s Richest Billionaires Made Their Money
Buoyed by an uptick in tourism and consumption, Hong Kong’s economy grew an estimated 3.2% in 2023. Even so the post-pandemic recovery has been slower than expected amid a stagnant property sector and ...
Shein considering London IPO amid US resistance to listing
HONG KONG - Fast-fashion company Shein is considering the possibility of switching its initial public offering (IPO) to London from New York because of hurdles to the listing in the United States, ...
Hong Kong Consults on Proposed Regulations to Prudential Treatment of Cryptoasset Exposures
This blog post summarises the proposed regulations set out in the Consultation Paper as well as next steps for banks, known in Hong Kong as authorised institutions (AI). The HKMA is a member of the ...