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Tag: finance

Posted on 18/01/2024

Hong Kong’s green tech hub goal: nurture start-ups, identify advantages and create talent pool, fintech body says

Public-private collaboration to fund start-ups, attract and nurture talent pool can help city achieve green tech, finance hub goal, FinTech Association of Hong Kong’s Sandeep Sethi says.

Posted on 18/01/2024

Hong Kong shares drop 3.7% and mainland China stocks tumble to near 5-year lows

The sell-off came after China reported that the economy grew 5.2% in the fourth quarter, slower than expected. Retail sales for December also missed expectations.

Posted on 17/01/2024

Hong Kong’s Callable Bull/Bear Contracts Create Forced Selling

Asian equities were a bloodbath as investors unwound risk assets as the reality of US interest rates staying “higher for longer” sets in with investors.

Posted on 17/01/2024

Hong Kong IPO pipeline grows as Chinese restaurant chain Xiaocaiyuan files listing application

Xiaocaiyuan operates more than 500 restaurants across China. The chain’s profit rose to 429 million yuan (US$60 million) in the first nine months of last year, compared with 207 million yuan a year ...

Posted on 17/01/2024

Hong Kong finance chief Paul Chan rules out capital gains tax for ‘foreseeable future’ for city

Introduction of a capital gains tax was just a suggestion brought up during the budget consultation period, Chan tells Post.

Posted on 17/01/2024

Hong Kong airport operator’s retail bonds take off on first day of sales, HSBC and BOCHK say

Airport Authority Hong Kong’s highly anticipated HK$5 billion (US$640 million) retail bonds attracted a huge response when subscriptions opened on Wednesday, banks and brokers said.

Posted on 17/01/2024

Hong Kong shares plunge 4%, mainland China stocks tumble to near 5-year lows

China's economy grew 5.2% in the three months ended December, slower than the 5.3% forecast in a Reuters poll. Retail sales for December also missed expectations.

Posted on 17/01/2024

Allied Banking Corporation migrates core banking operations to the cloud with Finastra

Allied continues 15 year relationship with Finastra, upgrading from Equation to Essence ...

Posted on 17/01/2024

Sensex, Nifty crash: HDFC Bank, China GDP miss, 3 other reasons behind market fall

Domestic stocks took a beating on Wednesday morning and banking shares seemed to be the only culprit, following HDFC Bank's mixed set of numbers. But if one looks beyond the domestic market, the ...

Posted on 17/01/2024

Alibaba, HSBC, AIA drag Hong Kong stocks to 14-month low as China’s growth trails forecasts, home prices fall by most since 2015

Stocks inflict further pain and losses for investors as more funds lose hopes on China reflation story. Growth in the final quarter of 2023 trails market consensus, while new home prices fall again.

Posted on 17/01/2024

Hong Kong stocks make biggest retreat in three months amid mixed China outlook as property gauge sinks

Hong Kong stocks declined for a third day before a key release of 2023 economic data that is expected paint a mixed picture for China’s recovery.

Posted on 16/01/2024

Hong Kong investment firm Ding Yi Feng’s plans to list mainland Chinese affiliate spooks investors, shares crash

Founder Sui Guangyi’s plans to list its Shenzhen affiliate on an international digital exchange have hit the shares of the Hong Kong-listed investment firm, which have lost nearly 50 per cent since ...

Posted on 16/01/2024

Hong Kong stocks tumble 2% amid broader decline in Asia markets, China gains

Asia-Pacific markets were set for a mixed open Tuesday, with Japan looking set to extend its rally to a seventh straight day. The country’s benchmark Nikkei 225 has surged this year, hitting key ...

Posted on 16/01/2024

Chinese EV-Charging Company Star Charge Aims for Hong Kong IPO in Late 2024

Star Charge, a Chinese maker of electric-vehicle charging stations, aims to go public in Hong Kong as early as the second half of 2024, according to people familiar with the matter.

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