On July 1, 1997, China resumed the exercise of sovereignty over Hong Kong and the Hong Kong Special Administrative Region was established. Since its return to the motherland, Hong Kong has been on a ... ( read original story ...)
RMB treasury bonds worth 7.5 bln yuan issued in Hong Kong
China's Ministry of Finance issued this year's first batch of renminbi treasury bonds in Hong Kong on Wednesday, according to a statement on its website. The first batch worth 7.5 billion yuan (about ... ( read original story ...)
HKMA Buys HK$9.255 Billion From Market as Currency Hits Weak End of Trading Band
Hong Kong's de-facto central bank bought HK$9.255 billion ($1.18 billion) from the market in New York trading hours to stop the local currency weakening and breaking its peg to the U.S. dollar. The ... ( read original story ...)
US senator questions whether HSBC was pressured to suspend banker over controversial climate-change comments
Republican Steve Daines questioned whether HSBC faced outside pressure to suspend the top asset manager, and accused the financial industry of being engaged in ‘groupthink’ on climate change. ( read original story ...)
Hong Kong IPO by GoGoX hints at easing of China tech crackdown
Logistics platform operator GoGoX plans an initial public offering here next week, a sign that China's crackdown on the tech industry might be letting up. GoGoX, which has been dubbed "Uber for ... ( read original story ...)
HKMA sells US$560 million to defend Hong Kong currency peg from capital outflow ahead of expected US interest rate rise
Hong Kong's de facto central bank stepped into the currency market ahead of an expected US interest rate rise on Thursday, as it seeks to defend the local dollar against the weakening effects of ... ( read original story ...)
Hong Kong Spends $560 Million to Defend Currency Peg
The Hong Kong dollar has been tied to its U.S. equivalent since 1983, helping underpin the city's emergence as one of the world's major financial centers. The monetary authority stands ready to sell U ... ( read original story ...)
GoGoX defies IPO drought as it pushes through downsized Hong Kong offering targeting US$85.5 million, down from US$500 million
The app-based logistics services provider hopes to sell 31.2 million shares at HK$21.50 in a retail offering that ends on Friday and will use the funds to expand, particularly in Southeast Asia. ( read original story ...)
ILS helps Hong Kong’s financial market diversify: Paul Chan
The passage of insurance-linked securities (ILS) legislation and now the successful issuance of a second catastrophe bond in the country, helps Hong Kong ... ( read original story ...)
GogoX to Hold Rare In-Person Hong Kong IPO Press Briefing
It’s been months since bankers and reporters in Hong Kong have gone to any in-person press conferences for an initial public offering. GogoX Holdings Ltd. is ending the lull.Most Read from ... ( read original story ...)
New HSBC Breakup Plan Is Still Deeply Unconvincing
An analysis tries to make the case for splitting off the bank’s Asian businesses. The results are optimistic — but still underwhelming. ( read original story ...)
US$27bil Asian spin-off for HSBC, says report
A break up of HSBC Holdings Plc’s Asian unit could unlock US$26.5bil (RM117bil), or a fifth of its current market value, according to research that could substantiate a push from its largest ... ( read original story ...)
Hong Kong fund lobby calls on city to drop Covid-19 quarantine measures
Hong Kong's lobby group for fund managers urged incoming Chief Executive John Lee to scrap quarantine rules for travellers and open up to the rest of the world as urgency is needed to restore the city ... ( read original story ...)
Hong Kong Experiences Financial Brain Drain Amid Covid Restrictions
Hong Kong experienced a higher outflow of financial professionals last year as the international financial hub imposed strict border controls amid the Covid-19 pandemic that stymied recruitment from ... ( read original story ...)