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Tag: finance

Posted on 09/05/2024

China Market Update: Hong Kong & Mainland China Rally Rebounds On Trade Data & Home Buying Restrictions Cancelled

Asian equities were overall lower overnight as Mainland China and Hong Kong outperformed while South Korea, Australia, India, and the Philippines underperformed, falling by more than -1%. Meanwhile, ...

Posted on 09/05/2024

Retired Hong Kong brokerage manager loses HK$18 million to scammer posing as security official

Source familiar with situation says scammer contacted 67-year-old woman in January and claimed to be mainland Chinese police officer investigating fraud case.

Posted on 09/05/2024

Hong Kong’s IPO revival is ‘inevitable’ as returning investors drive surging applications, stock exchange CEO says

It is just a matter of time' before Hong Kong sees listings from Middle East companies and mainland industry leaders, says HKEX CEO Bonnie Chan HKEX has received over 100 new listing applications this ...

Posted on 09/05/2024

Stock market rebound helps more IPO listings: HKEX

The head of the city's stock exchange operator on Thursday said average daily trading turnover was improving, paving the way for more initial public ...

Posted on 09/05/2024

HKEX’s new CEO is betting on big IPOs coming back

HONG Kong Exchanges & Clearing (HKEX) is anticipating the comeback of big ticket initial public offerings (IPOs) to the city as underlying conditions improve and Chinese regulators give a helping hand ...

Posted on 09/05/2024

Is BOC Hong Kong (BHKLY) Stock Outpacing Its Finance Peers This Year?

Here is how BOC Hong Kong Ltd. (BHKLY) and BrightSphere Investment Group (BSIG) have performed compared to their sector so far this year.

Posted on 09/05/2024

Hong Kong-based Gome FinTech marks diversification by acquiring Chinese game developer CashBox for US$25.6 million

Hong Kong-based financial service platform Gome Finance Technology (Gome Fintech) has unveiled plans to acquire Chinese game developer and publisher CashBox Group Technology for HK$200 million ...

Posted on 09/05/2024

Hong Kong attracts US$832 million in investment from life-science technology firms setting up or expanding

The investments, which will yield 3,200 jobs, come amid government efforts to enhance Hong Kong’s position as an innovation hub in the field.

Posted on 09/05/2024

Protest song ‘Glory to Hong Kong’ now banned in city

An appeals court has granted the Hong Kong government’s request to ban the protest song, overturning an earlier ruling.

Posted on 09/05/2024

Hong Kong court hears Jimmy Lai’s finance chief approved payments to tycoon’s assistant without knowing where the money was to be spent

Royston Chow, former Next Digital chief financial officer, said he handed over millions of dollars to Lai’s assistant Mark Simon, but had no idea how it would be spent.

Posted on 09/05/2024

Hong Kong stocks enter bull market: banks, insurers gain after Fed rate decision as China’s policy support adds to cheer

Hong Kong stocks rose on Thursday driven by gains in the banking sector and in insurance companies after the US Federal Reserve signalled it would wait longer before cutting interest rates ...

Posted on 08/05/2024

China Market Update: Hong Kong Sees Profit Taking As Autohome Beats Estimates

China Construction Bank, which fell -0.76%, and Hong Kong Exchanges & Clearing, which fell -3.01%. Real estate was whacked -4.45% in Hong Kong and -3.12% in Mainland China on profit-taking from tis ...

Posted on 08/05/2024

LD Capital, Antalpha Ventures, Highblock Unite for Hong Kong’s First ETF Liquidity Fund

In a historic move, major blockchain venture capital firms in Asia have joined hands to introduce Hong Kong's first-ever ETF liquidity fund.

Posted on 08/05/2024

With onsite inspections, China dials up scrutiny of local market IPO hopefuls

Chinese regulators are scrutinising old business deals and even the personal bank accounts of senior executives as they ramp up inspections of IPO hopefuls to slow the pace of fresh capital raisings ...

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