Hong Kong is bracing for what may be the strongest storm to hit the city in at least five years as Super Typhoon heads straight toward the financial hub.
Super Typhoon Saola: Hong Kong halts stock trading on city’s T8 storm warning
Hong Kong’s financial markets are set to pause on Friday as Super Typhoon Saola triggers a T8 storm signal in the city. Markets in mainland China will open for business as usual.
Swiss Crypto Bank SEBA Inches Closer To Launch Of Hong Kong Subsidiary
The Zug-based crypto bank already operates a regulated subsidiary in Abu Dhabi. Now it's poised to gain a foothold in the Asia Pacific market.
Hozon nets CNY7bn in pre-IPO fundraising round
Chinese electric vehicle (EV) manufacturer Hozon New Energy Automobile Company this week said it has raised CNY7bn (US$960m) in a pre-initial public offering (IPO) financing round, the first inflow of ...
Hong Kong’s life insurance sales to Chinese visitors return to pre-Covid levels as weaker yuan, rate gap drive the search for yield
Life insurance sales to mainland Chinese visitors hit HK$31.9 billion (US$4 billion) in the first half versus HK$540 million a year earlier, as they sought refuge in the city’s diverse products amid a ...
Hong Kong’s life insurance sales to mainland Chinese visitors return to pre-Covid levels as weaker yuan, rate gap drive the search for yield
Life insurance sales to mainland Chinese visitors hit HK$31.9 billion (US$4 billion) in the six months to June versus HK$540 million a year earlier Overall new life insurance sales in Hong Kong rose ...
Hong Kong Warns Saola May Disrupt Trading as City Braces for Super Typhoon
(Bloomberg) — Hong Kong warned it may effectively shut down the city, including its $5 trillion stock market, on Friday because of Super Typhoon Saola, which is approaching the financial hub after ...
Hong Kong stocks advance as persistent slump in Chinese manufacturing spurs bets on bigger policy response
Stocks advance, limiting a decline in August, on bets China will do something more drastic to arrest a slump in manufacturing. The economy is in need of a stronger stimulus tonic, economists have said ...
Bank of China first-half profit rises 0.8%
Bank of China (BoC) , the country's fourth-largest bank by assets, reported on Wednesday a 0.78% increase in net profit for the first half of this year. Profit was 120.1 billion yuan ($16.46 billion) ...
Hong Kong’s first SPAC merger: Chinese steel website ZG Group set to combine with blank-cheque firm Aquila Acquisition
Chinese steel trading website ZG Group, formerly known as Zhaogang.com, will combine with Hong Kong-listed Aquila Acquisition. The merged entity will be valued at US$1.3 billion.
Climate change: Net zero organisation GFANZ to open Hong Kong chapter to support Asia’s green finance development
The Glasgow Financial Alliance for Net Zero (GFANZ), the world's largest coalition of financial institutions committed to the goal of net zero emissions by 2050, will open a chapter in Hong Kong to ...
HSBC Buys Back Over 4.65M Shrs for $277M Ytd
HSBC HOLDINGS (00005.HK) announced that it repurchased a total of 4.6504 million shares in the UK and Hong Kong markets yesterday (16th), involving a total of HK$277 million.Of the... HSBC HOLDINGS ...
Bank of China says some regional LGFVs have defaulted
HONGKONG : The Bank of China said on Wednesday that some regional local government financing vehicles (LGFV) have defaulted and the lender's asset quality has deteriorated. Chief Risk Officer Liu ...
Chinese banks ICBC, BOC post sluggish profit growth
BEIJING/SHANGHAI/HONG KONG (Reuters) -Two of China's biggest banks on Wednesday ... Industrial and Commercial Bank of China Ltd (ICBC), the country's biggest lender, said in a filing its net profit ...