Hong Kong shares closed higher for a second day on Monday as China optimised COVID-19 control measures, while regulators outlined a plan to shore up liquidity in the struggling real estate sector, ...
Ant’s Consumer Finance Unit to Boost Its Capital to $2.62 Billion
The consumer finance unit of China's Ant Group will boost the company's registered capital to 18.5 billion yuan ($2.62 billion) from 8 billion yuan previously, an exchange filing released on Monday ...
LX Tech connects for HK IPO
At the high end, LX Tech will raise HK$468m in proceeds. Haitong is the sole sponsor, overall coordinator and sole global coordinator, joined by Futu Securities, Tiger Brokers and Dragonstone as ...
Hong Kong stocks jump 2% in mixed Asia session, Softbank shares drop 11%
Hong Kong's benchmark index popped at open as Asia-Pacific markets were mixed after closing the previous week with a big rally, with Japan's benchmark index dragged lower by tech giant SoftBank Group.
Hong Kong busts $191-million ramp-and-dump scheme
Hong Kong’s financial watchdog, the Securities and Futures Commission (SFC), has charged eight suspects of market manipulation in a joint operation with the local police.
Forbes in ‘exclusive discussions’ with potential buyer after IPO flop
Forbes said it has entered into "exclusive discussions" with an investor consortium for the sale of the company. The news comes less than a year after the ...
Hong Kong approves first virtual asset trading licences since 2020 in battle for crypto crown with Singapore
Hash Blockchain, a subsidiary of HashKey Group, has received SFC approval to operate a virtual asset trading platform for professional investors The move comes on the heels of the Hong Kong government ...
HK banking summit a post-pandemic sales pitch, but is anyone buying?
Hundreds of top bankers will arrive in Hong Kong this week to hear the government's sales pitch that, despite lingering pandemic curbs and entrenched United States-China tensions, the city is once ...
Temasek-Backed Innovex Refiles for Hong Kong IPO
Innovex Medical Co., a medical devices maker backed by Singapore state-owned investor Temasek Holdings, is continuing with plans for an initial public offering in Hong Kong to raise funds to develop ...
Alibaba, Nio Fall: Hong Kong Stocks Weaken As China COVID-19 Cases Rise, US Midterm Results Eyed
Hong Kong stocks opened in the red on Wednesday, with the benchmark Hang Seng losing over 1%, as investors and traders await the results of the U.S. midterm elections and China’s producer prices ...
StanChart CEO Sees ‘Big Boost’ When HK-China Border Reopens
Standard Chartered Plc’s Chief Executive Officer Bill Winters is bullish on the bank’s China business despite the geopolitical tensions and sees things picking up when travel between Hong Kong and the ...
Standard Chartered CEO praises Hong Kong on virtual-asset trading moves, calls on city to ‘scrap’ all travel curbs
CEO Bill Winters says the bank will look seriously at virtual-asset trading for retail customers following last week's announcement of government support 'Scrap the whole thing,' Winters says about ...
Hong Kong’s big ‘coming-in’ party points to a city losing its lustre
The event – a three-day Global Financial Leaders’ Investment Summit sponsored by the Hong Kong Monetary Authority (HKMA), the city’s de-facto central bank – certainly looked the part. It bore all the ...
China’s Second-Largest Chipmaker Poised for $2.5 Billion IPO in Shanghai
Chinese chip manufacturer Hua Hong Semiconductor Ltd has received regulatory approval for an 18 billion yuan ($2.5 billion) IPO in Shanghai, according to a filing published late on Friday on the Hong ...