The dollar climbed to around a two-year high against the euro and an 18-month high versus the pound as fears about the economic impact of China's COVID-19 lockdowns and an aggressive pace of U.S. rate ... ( read original story ...)
Asian stocks steady after China agrees to support Covid-19 affected economy, oil falls below $100/bbl
An Asia-Pacific equity index eked out a gain amid calmer conditions on Chinese bourses compared with Monday’s plunge. Tech stocks in Hong Kong jumped. European futures added about 1% and US contracts ... ( read original story ...)
Virtual Banking: Hong Kong’s WeLab Bank to Offer Digital Wealth Advisory Solutions
WeLab Bank has reportedly become the "first" digital bank in Hong Kong licensed "to offer digital wealth advisory services." ... ( read original story ...)
China lockdown angst rips through markets as stocks and yuan plunge
Fears about the economic toll of China’s strict Covid-zero policy intensified, as news that lockdowns were spreading to Beijing sent stocks, commodities and the yuan tumbling. ( read original story ...)
HSBC stock is on the rise ahead of Q1 earnings despite China Covid impact
Covid curbs in China are likely to hit the bank’s sales when it reports first-quarter figures this week, but the shares seem to be gaining. ( read original story ...)
Didi’s Hong Kong listing hits snag as plan by China’s ride-hailing giant is on indefinite hold pending outcome of probes, sources say
Didi was notified that its relisting plan wouldn't receive a green light until it makes sufficient "rectifications" in accordance with probes conducted by regulators Without instructions from Chinese ... ( read original story ...)
Investors Fear Beijing Lockdown After Testing
Asian markets followed the US’ steep Friday sell-off lower as all markets closed down except for the Philippines, which gained +0.32%, and Australia, which was closed. ( read original story ...)
Chinese regulators urge more prudent IPO pricing after market debut flops
Chinese regulators have urged underwriters to price initial public offerings more reasonably after a third of more than 100 new listings so far this year fell on their trading debut. ( read original story ...)
China c. bank discusses asset disposals by property firms, sources say
China's central bank met banks last week to discuss the disposal of non-performing assets by property developers, four sources with knowledge of the matter said, as regulators seek to shore up the ... ( read original story ...)
Asian shares fall amid interest rate, earnings worries
Rising COVID-19 cases in China are setting off worries about more pandemic lockdowns that would crimp economic recoveries in the region. Other nations are also dealing with economic woes related to ... ( read original story ...)
HSBC Shareholder(s) Propose(s) to Split with Respective HK, UK HQ to Mitigate Risks: Report
With HSBC HOLDINGS (00005.HK) set to hold shareholder meeting on 29 April in London, a shareholder (or shareholders) proposed to the board of the group to split the bank into two separate units, in ... ( read original story ...)
Is the HSBC Share Price Too Cheap Ahead of Earnings
What is the outlook of the HSBC share price ahead of earnings? We explain whether the stock is too cheap and whether it is a buy or sell. ( read original story ...)
HK singer Eason Chan in panic mode after seeing ‘only’ RM21.7m left in his bank account
Hong Kong-born singer and actor Eason Chan has gone into panic mode after realising his bank account balance has shrunk to a mere US$5 million (RM21.7 million). The multi-Golden Melody Awards winner ... ( read original story ...)
WeLab Bank is Hong Kong’s 1st Virtual Bank to offer Digital Wealth Advisory Solutions
WeLab Bank (or "the Bank"), the virtual bank dedicated to curating intelligent banking experience, has become the first virtual bank in Hong Kong licensed to offer digital wealth advisory services. ( read original story ...)