The Hong Kong stock market has moved lower in six straight sessions, tumbling more than 820 points or 4.6 percent along the way. The ...
Israel & Hong Kong test privacy-focused CBDC for all
In a ground-breaking move that promises to reshape the financial landscape, Israel and Hong Kong’s central banks, in conjunction with the Bank for International Settlements, recently unveiled the ...
Hong Kong stocks under pressure amid Longfor, Alibaba losses on weak China recovery signals while BYD, HSBC jump
Hong Kong stocks struggled to stem a four-day losing streak amid weak recovery signals in China’s housing market, while BYD and Xpeng led EV makers higher while HSBC advanced on rate increase. The ...
Israel, Hong Kong complete retail CBDC test emphasizing privacy, inclusivity
A Bank for International Settlements project has suggested using “access enablers” to make a retail central bank digital currency more accessible and private.
Following Hong Kong IPO, Immuneonco looks to be rising star
After raising HKD$320 million (US$40.8 million) in its IPO on the Hong Kong Stock Exchange last week, Immuneonco Biopharmaceuticals Co. Ltd.’s stock has continued to rise, and analysts are expecting ...
Banking Powerhouse HSBC Working With Crypto Custody Firm Fireblocks: Sources
Fireblocks, which specializes in cryptocurrency safekeeping technologies such as multi-party computation (MPC), already works with BNY Mellon and BNP Paribas.
Chinese tech firms iMotion and Neusoft keep IPO hopes alive, resubmit Hong Kong listing applications with improved financial results
Two Chinese technology companies have resubmitted their listing applications to the Hong Kong stock exchange, updated with their latest quarterly performance, but analysts said it is unlikely that ...
Why China is restricting IPOs to drive up US$9.7 trillion onshore stock market
The Shanghai Composite Index has risen by an average of 16 per cent during the previous nine suspensions of IPOs carried out by the regulator to bolster sentiment, according to China Fortune ...
Innovent Biologics loses US$332 million of market value in Hong Kong on stock placement plan
Firm hired Morgan Stanley to help sell 68 million new shares at an 8.8 per cent discount to market price Similar fate greeted previous stock placements by China Vanke, Anta Sports and Country Garden ...
HSBC raises rates on new Hong Kong mortgages to 4.125%: report
The raise will come into effect on 18 September. HSBC is set to raise mortgage rates for borrowers in Hong Kong and China. The lender is raising the cap on home loans linked to the Hong Kong interbank ...
Fenbo Files for IPO
By Ben Glickman Fenbo Holdings on Monday filed for an initial public offering with the U.S. Securities and Exchange Commission. The Hong
Hong Kong’s First SPAC Pumps Up With Steel Trader ZG Group
ZG Group will raise HK$605 million from new investors through its SPAC merger with Aquila Acquisition, valuing the company at HK$10 billion The company lost a combined 1.1 billion yuan in the past ...
IPO Roundup: Arm Holdings, Vitro Biopharma and more
The IPO market is preparing for a significant event this week, with SoftBank Group's chip CPU unit, Arm Holdings (ARM), preparing to price its $4.7B IPO. This marks the largest IPO since Rivian (RIVN) ...
HSBC to Raise Mortgage Rates in Hong Kong; Property Stocks Fall
Hong Kong banks, including HSBC, last raised mortgage rates by 25 basis points in December, after Hong Kong's central bank hiked rates following the U.S. Federal Reserve. Interest rates in Hong Kong ...