Hong Kong was up through mid-day/intra-day with a high of +0.66% when a Reuters article was released stating that Tencent (700 HK), which gained +0.87% overnight, plans to sell its $24B/17% ownership ... ( read original story ...)
Hong Kong’s Brain-Drain Challenge Rises as Funds Relocate Roles
Signs keep emerging that Hong Kong’s financial hub status is increasingly at risk. Most Read from BloombergSaudi Billionaire Made $500 Million Russia Bet at War Onset‘Next Generation’ Moderna ... ( read original story ...)
Hong Kong’s Brain-Drain Challenge Rises as Funds Relocate Roles
Signs keep emerging that Hong Kong’s financial hub status is increasingly at risk. Most Read from BloombergSaudi Billionaire Made $500 Million Russia Bet at War Onset‘Next Generation’ Moderna ... ( read original story ...)
Hong Kong stocks slammed by Meituan on Tencent divestment report, while developers surge on state financial backing
Meituan sank by about 9 per cent after a Reuters report saying Tencent is considering selling part or all of its 17 per cent stake by this year Corporate earnings in focus as Li Auto and Sunny Optical ... ( read original story ...)
Hong Kong police arrest 4 suspects in crackdown on cryptocurrency fraud syndicate, which conned man out of HK$1.58 million
Victim transferred cryptocurrency to e-wallet account in exchange for what turned out to be fake banknotes Police urge public to stay alert while meeting strangers to conduct transactions and use ... ( read original story ...)
China’s central bank to issue 25b yuan of bills in Hong Kong
BEIJING - China's central bank plans to issue 25 billion yuan ($3.69 billion) worth of bills in Hong Kong next Monday. The central bank bills will be issued in two batches. One batch is worth 10 ... ( read original story ...)
Can Hong Kong property help investors ride out inflation?
The favourable fundamental structure of Hong Kong's real estate sector and steady supply-and-demand dynamics make it attractive to investors As quarantine restrictions continue to be eased, Hong ... ( read original story ...)
Hang Seng Bank seeks new insurance partner—report
The bancassurance partnership could value more than $100m. Hong Kong-based lender Hang Seng Bank is looking for a new insurance partner after its existing agreement with QBE Insurance Group Ltd., has ... ( read original story ...)
China’s central bank to issue 25 bln yuan of bills in Hong Kong
China's central bank plans to issue 25 billion yuan (about 3.69 billion U.S. dollars) worth of bills in Hong Kong next Monday. The central bank bills will be issued in two batches. One batch is worth ... ( read original story ...)
China’s central bank to issue 25 bln yuan of bills in Hong Kong
China's central bank plans to issue 25 billion yuan (about 3.69 billion U.S. dollars) worth of bills in Hong Kong next Monday. The central bank bills will be issued in two batches. One batch is worth ... ( read original story ...)
HK’s accounting watchdog looks into China Evergrande’s financial statements
The council has also started looking into the audit carried out by PricewaterhouseCoopers (PwC) on the Evergrande Property Services 2020 Annual Accounts. ( read original story ...)
HK’s accounting watchdog looks into China Evergrande’s financial statements
The council has also started looking into the audit carried out by PricewaterhouseCoopers (PwC) on the Evergrande Property Services 2020 Annual Accounts. ( read original story ...)
Hong Kong’s Magic Empire stock rallies 77% after plunging 93% last week (Update)
Hong Kong-based Magic Empire stock (MEGL) rocketed 77% on Monday after plunging last week in the wake of a spectacular $20M US initial public offering ... ( read original story ...)
Hong Kong’s ETF IPOs slammed by market volatility, China worries
Hong Kong’s exchange-traded fund listings fell in the first half of the year and funds raised plunged 87.3% amid global market volatility, with the outlook for the second half clouded by a risk-off ... ( read original story ...)