Tag: finance

GigaCloud Technology has filed proposed terms for a $39.4 million U.S. IPO. The firm provides a range of ecommerce and related logistics services for businesses with large parcel goods. GCT has grown ... ( read original story ...)

Hong Kong-based TOP Financial Group (TOP), formerly known as Zhong Yang Financial, saw its shares slide for a second day in the wake of its corporate name change ... ( read original story ...)

Thai Life Insurance Plc (TLI) shares began trading weakly on the Bangkok stock exchange on Monday in what is South East Asia's largest initial public offering (IPO) so far this year. TLI stock rose 0. ( read original story ...)

According to TechChrunch, the fintech industry accounted for the largest number of layoffs as of the second quarter of 2022. ( read original story ...)

Hong Kong stocks started Monday on a negative note following losses on Wall Street, with traders looking ahead to a Federal Reserve policy meeting la ... ( read original story ...)

The head of the HKMA and analysts believe local rates will rise within weeks after an expected increase of 75 basis points by the US Fed on Thursday Hongkongers with mortgages would face higher ... ( read original story ...)

Despite the temporary capital outflow caused by the US' hiking of interest rates, the Hong Kong Special Administration Region (HKSAR) has vast capability to maintain its Linked Exchange Rate System ... ( read original story ...)

Financial Secretary Paul Chan notes city has US$440 billion in foreign currency reserves, part of solid foundation of linked exchange rate system But he also warns of 'considerable challenges' to pace ... ( read original story ...)

Financial Secretary Paul Chan says city has massive US$440 billion foreign currency reserve assets, part of solid foundation of linked exchange rate system However, Chan also warns of 'considerable ... ( read original story ...)

Employees at HSBC’s mainland China securities joint venture have formed a Chinese Communist Party (CCP) branch, in what is believed to be one of the first such branches formed in a foreign-owned ... ( read original story ...)

Nirav Modi, 50, is presently lodged in a UK jail and has lost his extradition plea to India in connection with the USD 2-billion PNB fraud case that is also being investigated by the CBI. ( read original story ...)

Called K11 ECOAST, the development is reportedly worth $1.4bn and will span more than 2.4 million sq. ft. Located at the waterfront of Shenzhen, a fast-growing region in southeastern China, the ... ( read original story ...)

By Clarence Leong The head of the Hong Kong Monetary Authority, the city's de facto central bank, on Friday defended the local currency's peg to ... ( read original story ...)

Some assets of Nirav Modi group of companies in Hong Kong were identified in the form of gems and jewelleries lying in private vaults and bank balances in accounts maintained there and these have been ... ( read original story ...)