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Tag: finance

Posted on 30/08/2022

Singapore Targets Hong Kong’s High Earners With Latest Work Visa

If you earn over a quarter-million dollars a year, Singapore wants you. A new, flexible five-year work visa for foreigners making at least S$30,000 ($21,500) a month is the latest salvo in a race to ... ( read original story ...)

Posted on 30/08/2022

Hang Seng Indexes Company launches new China enterprise tracker

Hang Seng Indexes Company on Monday launched the Hang Seng Stock Connect China Enterprises Index (HSCEA) -- an extension of its widely referenced Hang Seng China Enterprises Index (HSCEI). The HSCEA ... ( read original story ...)

Posted on 29/08/2022

Tencent-backed car services platform Tuhu files for Hong Kong listing, with source saying it aims to raise US$400 million

Tuhu Car has shifted its listing plan from the US to Hong Kong and aims to raise about US$400 million: source Start-up was founded by Chen Min in Shanghai in 2011 and offers a wide range of car ... ( read original story ...)

Posted on 29/08/2022

Former HSBC banker Vincent Cheng dies at age 74

Former top banker Vincent Cheng, who was the first Chinese to become the chairman of HSBC Asia Pacific, has died at the age of 74. Cheng, who ... ( read original story ...)

Posted on 29/08/2022

Behind the Scenes, Hong Kong is Setting the Stage for the Next Fintech Revolution

As a global financial centre, Hong Kong is at the forefront of CBDC innovation. Since 2017, the Hong Kong Monetary Authority (HKMA) has been researching the potential of Distributed Ledger ... ( read original story ...)

Posted on 29/08/2022

Hong Kong home prices hit lowest level in more than 2 years, may lose another 10 per cent amid rising interest rates

Home prices fell 1.6 per cent in July and have dropped 4.5 per cent this year, according to the government's index Prices could sink an additional 10 per cent this year amid buyer hesitancy linked to ... ( read original story ...)

Posted on 29/08/2022

Hong Kong July home prices fall to lowest since early 2020

Hong Kong private home prices in July dropped to the lowest since February 2020, according to official data, as homebuyers turned more bearish due to rising interest rates and an uncertain outlook. ( read original story ...)

Posted on 28/08/2022

“Hong Kong dollar selling” not means capital outflow, not to affect financial, monetary stability of Hong Kong: finance chief

HONG KONG, Aug. 28 (Xinhua) -- "Hong Kong dollar selling" amid U.S. interest rate hikes does not mean capital outflow, and will not affect the financial and monetary stability of Hong Kong, said Paul ... ( read original story ...)

Posted on 28/08/2022

Practice of selling Hong Kong dollar ‘could re-emerge next month’ if US further raises interest rates: Paul Chan

Finance chief also says selling of local currency amid US interest rate hikes does not mean a capital outflow He warns another rise looms with US Federal Reserve chairman Jerome Powell asserting ... ( read original story ...)

Posted on 27/08/2022

Football officials praise fans for strong support as Hong Kong Premier League gets under way

Football officials have praised Hong Kong fans for their strong support as the BOC Hong Kong Premier League season kicked off with gusto on Saturday. ( read original story ...)

Posted on 27/08/2022

Linklaters and Haiwen Advise on Hong Kong’s Largest IPO in 2022

Advised by Linklaters, Haiwen, Freshfields Bruckhaus Deringer and Jia Yuan Law Offices, China Tourism Group Duty Free raises $2.1 billion in its Hong Kong listing. ( read original story ...)

Posted on 27/08/2022

Hong Kong’s regulator fines Commerzbank AG $6 million for AML lapses

Hong Kong’s banking regulator has fined the local unit of German banking giant  Commerzbank AG HK$6 million ( roughly $765,000) for breaches of anti-money laundering rules. ( read original story ...)

Posted on 26/08/2022

A Chinese stock is skyrocketing 3,100% in its debut on US markets, following a trend of little-known stocks from China that soar in an IPO

The provider of digital education materials in China priced its IPO at $5 per share late Thursday, then shot up above $160 on Friday. ( read original story ...)

Posted on 26/08/2022

Chinese electric-car maker Leapmotor gets green light for Hong Kong IPO, aiming to raise up to US$1.5 billion

Zhejiang Leapmotor Tech has won approval from the Hong Kong stock exchange's listing committee, says a source If successful, Leapmotor will be the fourth Chinese EV maker to list in Hong Kong in the ... ( read original story ...)

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