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Tag: finance

Posted on 06/03/2024

Hong Kong stocks lifted by tech sector ahead of JD.com earnings, caution prevails over lack of China stimulus

Tech stocks lead Hong Kong stock markets higher ahead of e-commerce giant JD.com’s earnings release but mood remains wary over lack of stimulus at China’s ongoing annual parliamentary meeting ...

Posted on 06/03/2024

China Vanke assures dollar bond repayment process ‘orderly’ amid liquidity worries

By Clare Jim HONG KONG (Reuters) -State-backed China Vanke said on Tuesday the funding for repaying its dollar notes due on March 11 was in place, amid more selling pressure on its bonds as concern ...

Posted on 06/03/2024

Developer China Vanke assures it can repay $630 mln dollar bond amid liquidity worries

Vanke is seeking to raise a club loan in Hong Kong, with Bank of China (Hong Kong) (2388.HK), opens new tab, the lead bank of the loan, having already obtained internal approval to commit HK$1.5 ...

Posted on 06/03/2024

Hong Kong IT professional scammed out of HK$2.7 million after investing in gold via sham platform

Victim coaxed into using sham trading platform after meeting woman claiming to be from Taiwan through language-learning app Police says he made 25 transfers worth more than HK$2.7 million to ...

Posted on 06/03/2024

HSBC One launches Hong Kong-focused collaboration with T1

Financial services company HSBC has announced a collaboration with South Korean esports organisation T1. The partnership in particular promotes HSBC One, the company’s Hong Kong-focused bank account, ...

Posted on 06/03/2024

Mox Bank Spearheads Cryptocurrency Integration in Hong Kong’s Financial Sector

In an ambitious move that marks a significant evolution in the financial landscape of Hong Kong, Mox Bank is set to introduce cryptocurrency investment services and Bitcoin Exchange-Traded Fund (ETF) ...

Posted on 05/03/2024

Cleary, JunHe and Maples Lead on Belle Fashion’s Billion-Dollar Hong Kong IPO

There are currently 77 active IPO filings with the Hong Kong Stock Exchange, 40 of which were filed in 2024. Cleary Gottlieb Steen & Hamilton, JunHe and Maples Group are advising Chinese shoes and ...

Posted on 05/03/2024

Issuing bonds to tackle Hong Kong deficit ‘legitimate’ not ‘monstrous’, ex-finance minister Henry Tang says

Former finance minister Henry Tang defends government plan to issue HK$120 billion in bonds to cover recurring expenses after successor warns against measure 'It is acceptable if it is used to ...

Posted on 05/03/2024

Developer China Vanke assures it can repay $630 million dollar bond amid liquidity worries

Struggling property developer China Vanke said on Tuesday it has funding in place to repay $630 million in dollar notes due on March 11, amid more selling pressure on its bonds as concern mounts over ...

Posted on 05/03/2024

China’s 5% GDP goal is ‘attainable’ but it won’t be easy, says Hong Kong’s financial secretary

GDP target of 5% is achievable, but the trajectory won’t be an easy one, said Hong Kong’s financial secretary.

Posted on 05/03/2024

Hong Kong budget: lack of sweeteners doesn’t make it a bitter pill

Readers evaluate the budget outlined by the finance secretary last week, what impresses mainlanders about Hong Kong, and the importance of preserving Victoria Harbour as a unique attraction Feel ...

Posted on 05/03/2024

IPO Roundup: Ryde Group, SolarJuice, and more

The IPO market is kicking off March with a few small issuers scheduled to price in the upcoming week and the possibility of bigger names, like Astera Labs (ALAB) and Reddit (RDDT), joining in later in ...

Posted on 04/03/2024

Offshore firm Appleby makes banking hire in HK from Mourant

Offshore law firm Appleby has added banking and finance expert Lily Miao as a partner in its Hong Kong office from rival Mourant Ozannes, where she was a counsel.

Posted on 04/03/2024

Citigroup to leverage Hong Kong’s finance hub status to grow wealth business in Asia, Greater Bay Area

Hong Kong will be the epicentre of wealth management as some US$100 trillion in riches is created globally over the next 10 years, Citigroup's Andy Sieg says The US bank plans to expand its credit ...

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