Ping An Asset Management, HSBC Holdings PLC's largest shareholder, will continue to hold its investment in the Asia-focussed lender, a source close to the Chinese fund manager said on Friday, after ...
Hong Kong stocks head for fourth straight week of gains driven by Baidu, JD.com results, policy support hopes after China data
Hong Kong stocks were lifted by signs corporate earnings may have bottomed out, and hopes of policy support after patchy economic data.
Country Garden’s Hong Kong liquidation hearing adjourned
A Hong Kong court adjourned to June 11 a hearing of a petition on Friday seeking liquidation of Country Garden , providing a breather to the embattled Chinese developer amid Beijing's efforts to ...
HSBC falls 3% amid reports that top shareholder Ping An is looking to trim its stake
Ping An last year had supported a shareholder motion to spin off HSBC’s Asia business and establish fixed dividends. The motion was eventually defeated.
Sustained Hong Kong bull market first step in proving doubters wrong again
Rebound of Hang Seng Index may have confounded the doom mongers, but Hong Kong also needs to attract liquidity and reclaim a top position for IPOs.
HSBC Shares Slide After Report Of Ping An Stake Sale
Shares in HSBC sank more than two percent in Hong Kong on Friday after a report said major investor Ping An Insurance was looking to trim its stake in the banking giant.
Haidilao restaurant operator Super Hi prices US IPO at $19.56 per share
Super Hi International, which operates Chinese hotpot restaurant chain Haidilao in the overseas market, on Thursday priced its initial public offering in the United States at $19.56 per share. The ...
What Is the Hang Seng Index (HSI)?
The Hang Seng Index is a very important index that tracks stocks in China, Hong Kong, and Asia. Read on to learn more about why it matters.
{Block Trade}HSBC HOLDINGS (00005): 2m shares, or HK$140m
The deal amounted to HK$140m, or at HK$70 per share, 1.5% higher than previous close. HSBC HOLDINGS is now trading up 1.52% to HK$70, with 22.68 million shares of HK$1.58b ...
B&K Corp Seeks IPO To Keep Its Slow-Developing Drugs Alive
B&K lost nearly 200 million yuan in the past two years, as its administrative expenses exceeded its R&D spending The drug maker’s president, who is also the founder’s son, has previous experience main ...
HANG SENG BANK’s Diana Cesar: Sustained High Interest Rate May Affect Desire to Buy Home
As of December 2023, home mortgage loans accounted for 40% of HANG SENG BANK's total loans, with very low delinque... HANG SENG BANK (00011.HK) +3.900 (+3.618%) Short selling $75.75M; Ratio 23.302% ...
‘Green finance to help HK develop hydrogen energy’
A think tank on Thursday said Hong Kong, being an international financial hub, can speed up the development of hydrogen energy through green ...
1997: Hong Kong handed over to Chinese control
July 1997, Hong Kong is handed back to the Chinese authorities, ending more than 150 years of British control. The UK had controlled Hong Kong island since 1842, apart from a brief period during World ...
Hong Kong to launch first breastmilk bank next year to aid 600 infants annually
Hong Kong will launch its first breastmilk bank early next year, helping up to 600 premature or severely ill infants who cannot be fed by their biological mothers annually. The Hospital Authority ...