Financial Secretary Paul Chan says he's planning to meet incoming lawmakers to gather their views on his budget, as he called on members of the ... ( read original story ...)
Rs 6,000 cr remitted from Bank of Baroda to Hong Kong; CBI files charge sheet
Delhi/IBNS: The Central Bureau of Investigation has filed two supplementary charge sheets in relation to the alleged illegal remittance of Rs 6,000 crore from Delhi's Bank of Baroda branch to Hong ... ( read original story ...)
China Q&A Site Zhihu Is Said to Mull Hong Kong IPO: Paper
Chinese question-and-answer website Zhihu Inc., which went public in the U.S. in March this year, is said to be considering another initial public offering in Hong Kong, local media the Paper reported ... ( read original story ...)
HSBC to Buy L&T Investment, Boosts Wealth Franchise in Asia
As part of the efforts to expand its wealth management business in Asia, HSBC Holdings plc ’s HSBC indirect wholly-owned subsidiary HSBC Asset Management (India) Private Ltd has agreed to acquire L&T ... ( read original story ...)
State-owned bad bank China Cinda to buy 20 per cent stake in Ant Group’s consumer credit vehicle
A Chinese state-owned asset management company said on Friday that it will spend 6 billion yuan (US$930 million) to buy a 20 per cent equity stake in the consumer credit unit of Ant Group. ( read original story ...)
Hong Kong’s pension scheme heads for first loss since 2018, prompting fund managers to seek wider investment scope
The Mandatory Provident Fund is on course to report its first loss since 2018 due to a slump in the Hong Kong and mainland equity markets. ( read original story ...)
Enormous potential for cat bonds in Greater Bay Area: Hong Kong’s Carrie Lam
Carrie Lam, Chief Executive of the Government of Hong Kong, sees "enormous potential" for catastrophe bonds and insurance-linked securities (ILS) to ... ( read original story ...)
HSBC buys L&T’s investment management unit for Rs 3,200 crore
Overall, India is one of the bank’s largest markets and its made just over Rs 75,11 crore in the country in 2020, making it the lender’s third largest Asian profit center after Hong Kong and mainland ... ( read original story ...)
PwC Hong Kong Goes Metaverse
PwC Hong Kong joins a growing list of mainstream players entering the metaverse by buying LAND in The Sandbox. ( read original story ...)
Desun Real Estate Investment Services Group Co., Ltd. Listed on the Hong Kong stock market on December 17
Desun Real Estate Investment Services Group Co., Ltd. (Desun Services) (02270.HK), formally debuted on the Hong Kong stock market on December 17. ( read original story ...)
Miniso weighs a 2022 IPO in Hong Kong as more US-listed Chinese stocks return to Asia
As Sino-US tensions simmer and threaten to block Chinese companies’ access to US capital markets, some of them are seeking a foothold back home as a hedge against risks. ( read original story ...)
Alibaba-Backed RoboSense Selects JPMorgan For Hong Kong IPO
Alibaba Group Holding Ltd (NYSE: BABA)-backed RoboSense, a Chinese developer of sensor technologies used in self-driving cars, looks to work with JPMorgan Chase & Co on its proposed Hong Kong initial ... ( read original story ...)
Markets 2021: Stocks soar, IPOs explode, crypto goes wild
Wall Street delivered another strong year in 2021, as a resurgence in consumer demand fueled by the reopening of the global economy pumped up corporate profits ... ( read original story ...)
Hong Kong to let MPF invest in China sovereign, policy bank bonds
Hong Kong will allow the Mandatory Provident Fund to invest in China’s sovereign and policy bank bonds. Each of the roughly 320 MPF funds will be able to allocate up to 30% of their total assets to an ... ( read original story ...)