The Hang Seng index hit a session low of 18,044.86 points. That was 20.5% below its 52-week closing high of 22,688.9 points reached on Jan. 27.
Hong Kong IPO boost: Chinese firms Mobvoi, HighTide plan to raise up to US$500 million amid sluggish year
AI and electronics firm Mobvoi aims to raise up to US$300 million, while pharmaceutical company HighTide targets up to US$200 million amid a lacklustre year for IPOs in the city.
How HSBC’s China battle threatens to ‘heat right back up’
HSBC executives have been reassured by senior figures in China and Hong Kong that the dispute is viewed as commercial, not political — they take comfort from the fact that it has won additional ...
Green finance: Hong Kong should pick the more stringent China, EU yardsticks for defining climate-friendly projects, says think tank
Hong Kong should adopt the more stringent criteria from those used by China and the European Union for defining green and climate mitigation projects to bolster its position as an international ...
Hong Kong and UAE central banks collab on crypto rules, fintech development
Crypto regulations and collaboration on fintech initiatives were among the key points discussed between the central banks of the United Arab Emirates and Hong Kong.
China Fintech Unicorn B2B No.1 Foreign Trade Financial Platform XTransfer Officially Set Foot in Hong Kong
XTransfer, China No.1 B2B foreign trade financial platform*, successfully held its inaugural "B2B Trade Digitization" foreign trade seminar at the InterContinental Grand Stanford Hotel Hong Kong. The ...
Hong Kong consumption vouchers: second instalment coming from July 16, says finance chief Paul Chan, adding long-term scheme ‘difficult’
Finance chief Paul Chan says more large-scale public activities under ‘Happy Hong Kong’ campaign planned to help latest round of vouchers go further.
Exclusive-Credit Suisse Aborts China Bank Plan to Avoid Regulatory Conflict Under UBS-Sources
Credit Suisse had been planning over the last few years to set up a wholly owned local bank in China that would have boosted its presence in the country by allowing it to set up its own branch network ...
UAE Central Bank, Hong Kong Monetary Authority Strengthen Financial Cooperation
The Central Bank of the United Arab Emirates (CBUAE) and the Hong Kong Monetary Authority (HKMA) held a bilateral meeting in Abu Dhabi to enhance co ...
UAE Central Bank, Hong Kong Monetary Authority boost financial cooperation
The Central Bank of the United Arab Emirates (CBUAE) and the Hong Kong Monetary Authority (HKMA) held a bilateral meeting in Abu Dhabi to enhance collaboration ...
High-powered think tank to boost Hong Kong’s socio-economic standing unveiled with aim to tap into national development
More than 50 academics and business leaders with extensive experience of China lined up for new think tank under Chief Executive's Policy Group Heavyweights recruited include academic Zheng Yongnian, ...
Deal of the Month: Hong Kong SAR Government’s multi-tranche, multi-currency green bonds
In January, the government of Hong Kong announced Apac’s largest US dollar green bond issuance to date. It has since made headlines with other innovative green bond deals.
‘Government unlikely to dish out consumption vouchers regularly,’ says HK finance chief
While Hong Kong residents will receive the second instalment of this year’s consumption vouchers on 16 July, the finance chief has stressed that the scheme will not be a regular event. Financial ...
Syngenta’s IPO is more relief than triumph
Syngenta’s $9 billion Chinese market listing finally looks ripe. Concerns about its share sale size forced the Switzerland-based agrichemical giant to opt for a last-minute venue change. Sadly, few ...