Tag: finance

Investor sentiment has taken a turn for the worst in October. Stocks have slumped, bond yields have risen while concerns surrounding Italy, Saudi Arabia and China have all increased, albeit for differ... ( read original story ...)

HONG KONG (Reuters) - China opened the world’s longest sea-crossing bridge and tunnel on Tuesday, linking the financial center of Hong Kong, the gambling hub of Macau and western reaches of the Pearl ... ( read original story ...)

The Hong Kong Stock Exchange (HKEX) believes that legal frameworks around finance and cryptos should be the same. The world’s sixth largest stock exchange in its research paper looks at the need ... ( read original story ...)

Nomura has created a model that has reliably signalled at least two-thirds of the past 50 financial crises in 30 countries monitored. Right now, the model says Hong Kong is in the “danger zone” for a ... ( read original story ...)

South Korea’s Kospi gained 0.25 percent to close at 2,161.71. In Hong Kong, the Hang Seng index rose 2.22 percent in afternoon trade. Overall, the bias in prices is: Downwards. Note: this chart shows ... ( read original story ...)

AXA Hong Kong has collaborated with the Hongkong and Shanghai Banking Corporation to launch a new medical insurance plan for people up to 80 years old. The FirstCare Plus Medical Insurance provides fi... ( read original story ...)

“The Hong Kong IPO market is about to see significant change,” said Fu Siqi, a partner at Beijing-based Tian Yuan Law Firm, who oversees the firm’s Hong Kong practice. “The Chinese firms will take a l... ( read original story ...)

HONG KONG (Reuters) - Goldman Sachs Group Inc (GS.N) has named veteran banker Todd Leland as its investment banking head for Asia Pacific excluding Japan, according to an internal memo seen by ... ( read original story ...)

Hong Kong had already missed out on Alibaba Group Holding Ltd.’s IPO, the biggest in history, because Jack Ma and his team weren’t willing to give this up. The situation was clear: Allow dual-class li... ( read original story ...)

Hong Kong stocks also enjoyed a rebound on the day, with the Hang Seng Index HSI, +0.42% closing 0.4% higher, after falling almost 1% earlier. The index fell 1% for the week, ringing up its fourth str... ( read original story ...)

Innovent Biologics of Suzhou plans to raise $422 million in its Hong Kong IPO at a $2 billion valuation, according to multiple media reports (see story). The company, formed in 2011, struck a major $1 ... ( read original story ...)

The financial services sector is one of Hong Kong's pillar industries. It contributes to about 18% of our GDP but accounts for only 7% of our total employment. So it is a high value-added industry. In ... ( read original story ...)

has issued a warning against Merrill Lynch International (HK) Limited, a fraudulent clone posing as Merrill Lynch, an international investment bank with a presence in 75 countries, according to an SFC ... ( read original story ...)

Bitfinex and Tether recently announced new banking partnerships in Hong Kong and the Bahamas, respectively. Previously, both companies, who reportedly share the same management, were clients of the No... ( read original story ...)