China's central bank cut interest rates on Monday as new data showed the economy losing steam last month because of renewed Covid lockdowns and a deepening property downturn. ( read original story ...)
Tencent, SMIC, PetroChina lead stock slide in Hong Kong on weak China data while US delisting risk, Taiwan tensions keep brewing
Data on July industrial production and retail sales came in below consensus estimates while US delisting risk and Taiwan tensions remain in focus Li Auto and Sunny Optical both retreat before ... ( read original story ...)
Coronavirus: Hong Kong finance chief says ‘3+4’ quarantine arrangement will help boost economy despite downgraded forecast
'I noticed that the relevant arrangements have been welcomed by various groups both locally and overseas,' Paul Chan says on his blog City records 4,979 new Covid-19 cases, 215 of which were imported; ... ( read original story ...)
Hong Kong SAR issues consumer vouchers to buoy consumption amid global inflation
Financial Secretary Paul Chan Mo-po called on local residents to work together to overcome adversity, after the SAR government launched a host of supportive measures including billion-dollar vouchers ... ( read original story ...)
Coronavirus: Hong Kong finance chief says ‘3+4’ quarantine scheme will help to boost economy amid ‘gloomy outlook’
I noticed that the relevant arrangements [have been] welcomed by various groups both locally and overseas,’ Paul Chan said on his blog. ( read original story ...)
Hong Kong’s finance chief says ‘3+4’ quarantine arrangement will help boost city’s economy despite downgraded forecast
'I noticed that the relevant arrangements have been welcomed by various groups both locally and overseas,' Paul Chan said on his blog The finance minister added it was also important to protect ... ( read original story ...)
Programs to connect mainland stocks with Hong Kong will have more trading days in China
In its most recent effort to open up the capital markets, China will extend the trading days of the stock connect programs between the mainland and H ... ( read original story ...)
Why these billboards promoting a ‘new era’ for Hong Kong are so contentious
The advertisements have upset Hong Kongers in Australia, who says the billboards misrepresent the true situation in Hong Kong. ( read original story ...)
HSBC oversold risks of $35 bln Asia spin-off, investor Ping An thinks – source
HSBC overstated the risks of spinning off its Asia unit when it rebuffed such a proposal by shareholder Ping An Insurance Group, a source familiar with the Chinese insurer's thinking said, adding the ... ( read original story ...)
HSBC revamp plan shows Ma’s thirst for change
Now Ma’s set sights on splitting up Europe’s largest bank, HSBC Holdings Plc, where Ping An has a major stake. Concern about the lender’s ability to handle geopolitical risk – it’s based in London but ... ( read original story ...)
HSBC has overstated the challenges and risks involved in proposed spin-off, says source
A break-up of London-headquartered HSBC will generate US$25 billion to US$35 billion of value, says source familiar with Ping An's thinking Ping An believes the lender can find a solution to overcome ... ( read original story ...)
China to increase trading days of mainland-Hong Kong stock connect programs
Trading days of the Shanghai-Hong Kong Stock Connect and the Shenzhen-Hong Kong Stock Connect that were formerly closed due to settlement arrangement factors will be opened, the China Securities ... ( read original story ...)
China’s State-Owned Travel Retailer Returns With Slimmed Down IPO
China Tourism Group Duty Free is planning to raise around $2 billion from a Hong Kong initial public offering, returning to the market after pulling a deal at the end of last year. ( read original story ...)
China Tourism Group picks Hong Kong for US$2.5 billion IPO as the world’s largest duty-free retailer raises capital to expand
The world's largest duty-free retailer aims to raise up to US$2.5 billion, making it the largest IPO in Hong Kong in 14 months The company will start its public offering from Monday to Thursday, to be ... ( read original story ...)