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Tag: finance

Posted on 22/06/2023

Five HK banks, HKECIC team up to underwrite risk on domestic sales in China

The collaboration targets to boost insurance protection for Hong Kong exporters. The Hong Kong Export Credit Insurance Corporation (HKECIC) announced its collaboration with five banks to pilot scheme ...

Posted on 22/06/2023

Hong Kong lawmakers pass bill ordering Jockey Club to pay HK$12bn in football betting tax to boost gov’t revenue

The Legislative Council has passed a bill ordering the Hong Kong Jockey Club to pay an extra HK$12 billion in tax on its football betting earnings over the next five years to swell government coffers, ...

Posted on 22/06/2023

UBS to start Credit Suisse Asia investment banking job cuts in July

UBS will start cutting Asia investment banking jobs at Credit Suisse next month, three people with knowledge of the matter said, as the banks move towards integrating businesses.

Posted on 21/06/2023

UBS to start Credit Suisse Asia investment banking job cuts in July -sources

UBS will start cutting Asia investment banking jobs at Credit Suisse next month, three people with knowledge of the matter said, as the banks move towards integrating businesses. UBS completed its ...

Posted on 21/06/2023

Citic, JPMorgan Replacing CICC in Cainiao’s Hong Kong IPO, Sources Say

Cainiao Network Technology Co., the logistics arm of Alibaba Group Holding Ltd., has seen a reshuffle in the banks that are preparing for its Hong Kong initial public offering, people familiar with ...

Posted on 21/06/2023

Hang Seng Expected To Open Under Pressure On Wednesday

The Hong Kong stock market has finished lower in back-to-back sessions, tumbling more than 430 points or 2.2 percent along the way.

Posted on 21/06/2023

Hong Kong stocks hit by worst sell-off in 4 weeks as Beijing disappoints market bulls while Nio jumps on fund purchase

Stocks slump for a third day, erasing more than US$61 billion of market value from Hang Seng Index’s members this week. Bets on China stimulus are unwinding as analysts cut their growth forecasts ...

Posted on 20/06/2023

Hong Kong government pressuring banks to accept crypto, Tradecurve to grow 100 percent.

The Financial Times reported on June 15 that HKMA questioned the U.K.-based firms as well as the Bank of China in a meeting that was held in May.

Posted on 20/06/2023

Hong Kong must embrace Middle East capital, mainland China culture, to bolster role as financial centre: industry leaders

Amid geopolitical tension between China and the US, Hong Kong needs to look beyond US markets and court the Middle East as a source of capital as it seeks to burnish its position as an international ...

Posted on 20/06/2023

Chinese dual-listed firms’ Hong Kong shares narrow discount gap with onshore stocks on lucrative valuations and US rate hike pause

The Hong Kong-traded shares of Chinese dual-listed companies have been closing the price gaps with their onshore peers, as distressed valuations and a pause in US interest rate hikes boost their ...

Posted on 20/06/2023

Hong Kong must embrace Middle East capital, mainland China culture, to bolster role as international financial centre

Amid US-China tensions, government 'urgently' needs a Middle East strategy, chairperson of the Chamber of Hong Kong Listed Companies says Finance sector must be boldly 'capitalistic' and also hang on ...

Posted on 20/06/2023

Hong Kong’s role as bridge between China and world ‘clearer, more essential’ amid rising geopolitical tensions, experts say at Post forum

Hong Kong 2023 point to trends in finance sector and technology as well as tertiary education Panel agrees that if Hong Kong aspires to ride Greater Bay Area development, it should prioritise flow of ...

Posted on 20/06/2023

Hong Kong, Shanghai lead Asia losses as China rate cut falls flat

Stocks in Hong Kong and Shanghai led losses across most of Asia on Tuesday as a smaller-than-forecast interest rate cut by China's central bank added to worries about the lack of action to kickstart ...

Posted on 20/06/2023

Carlyle-backed Chinese laboratory chain Adicon goes ahead with US$52 million Hong Kong IPO on third attempt

Adicon Clinical Laboratories, a mainland Chinese laboratory chain backed by Carlyle Group, is seeking to raise HK$409 million (US$52 million) from an initial public offering (IPO) in Hong Kong, ...

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