Tag: finance

CNBC's Kayla Tausche reports the U.S. has imposed sanctions on Hong Kong Chief Executive Carrie Lam. Got a confidential news tip? We want to hear from you. Sign up for free newsletters and get more ... ( read original story ...)

Ant Group, the parent of China’s largest mobile payment company, has picked China International Capital Corp. for its Shanghai initial public offering, adding to the broker’s role as a sponsor for its ... ( read original story ...)

The Hong Kong stock market on Thursday halted the two-day winning streak in which it had advanced more than 640 points or 2.8 percent. The Hang Seng Index now rests just above the 24,930-point plateau ... ( read original story ...)

HSBC has promoted Christophe Oleron to the role of Global Head of Trading for index arbitrage, Delta One and stock borrowing & lending, two sources said on Thursday. ( read original story ...)

HSBC is one of 11 remaining market-making bullion banks after Scotiabank dropped out of the gold futures market in April. ( read original story ...)

Fashion conglomerate Shandong Ruyi, best known for its ambition to be the LVMH of China, has brushed aside a sale of textile maker Lycra proposed by Lycra's creditors and is instead looking to ... ( read original story ...)

Shenzhen, the richest mainland city in Greater Bay Area, has presented a blueprint to boost market integration with Hong Kong in a prelude to greater cross-border capital flows. ( read original story ...)

Hong Kong reported 95 new coronavirus cases on Thursday, of which 91 were locally transmitted, as authorities tried to contain the virus, which has seen a resurgence in the global financial hub over ... ( read original story ...)

Hong Kong banks could find their LIBOR transition more pressing than HIBOR’s by end-2021, when LIBOR and other key interbank offered rates are scheduled to be replaced. HIBOR wi ... ( read original story ...)

The yuan eased from five-month highs on Thursday as the struggling greenback regained some ground on hopes U.S. lawmakers will soon agree to an economic stimulus package, taking a breather after two ... ( read original story ...)

Hong Kong has shortlisted finalists to digitize its retirement funds system, according to people familiar with the matter, paving the way to lower fees for more than 4 million savers.The shortlist ... ( read original story ...)

Public investment to support Hong Kong’s most promising sectors is needed to help cushion the impact of the pandemic on an economy that was already struggling. If the EU can get 27 countries to agree ... ( read original story ...)

The Bureau of Customs is planning to auction off the limited-edition McLaren 620R super car that was confiscated on Monday at the Port of Manila, in a bid to raise funds for the government’s fight ... ( read original story ...)

Diving into media channels to better understand these attitudes, I found that most share similar themes and messages. ( read original story ...)