The London-based lender, which makes most of its profit in Hong Kong and mainland China, earned $3.88 billion in the first three months of the year, more than double last year’s amount. ( read original story ...)
Hong Kong mass protest organiser Civil Human Rights Front facing police probe over its operations
The Civil Human Rights Front has been given until next Wednesday to provide information on its funding sources, expenses and related bank accounts. ( read original story ...)
Pastor Of 80,000-Strong Hong Kong Baptist Convention Leaves Amid Country’s ‘Shrinking Freedom’ Under CCP Law
A Baptist convention pastor who has led over 80,000 members of the Christian congregation has fled Hong Kong over safety concerns. ( read original story ...)
Bytedance Denies IPO Rumors, Lifting Rivals
Bytedance is denying rumors it is going public, which is lifting its competitors in the online video space, including Kuaishou. The Wall Street Journal had an article on Bytedance’s move into games, ... ( read original story ...)
SKIET set to price IPO at top of range to raise $2 bln -sources
South Korea's battery material maker SK IE Technology (SKIET) plans to price its initial public offering (IPO) at the top end of its indicative range to raise more than 2.2 trillion won ($1.98 billion ... ( read original story ...)
ByteDance douses rumors of IPO despite naming new CFO
"After a thorough study, we believe the company currently doesn't meet the conditions for a public listing," ByteDance said on Friday in a statement. Word circulated in recent weeks that ByteDance was ... ( read original story ...)
China digital currency: fintech giant Ant Group reveals partnership history with People’s Bank of China
Ant Group has been working with China’s central bank on the country’s sovereign digital currency since 2017, according to information disclosed over the weekend. ( read original story ...)
Fitch Assigns Bank of China’s MTN Notes Final ‘A’
CNY1.35 billion 2.85% fixed-rate notes due 2023 issued by BOC's Frankfurt branch -USD500 million 1.4% fixed-rate notes due 2026 and EUR500 million 0% fixed-rate notes due 2024 issued by BOC's ... ( read original story ...)
Hong Kong’s 2050 climate goals at risk if ‘green finance’ funds don’t go to the right projects, experts say
Sustainability experts are questioning if Hong Kong’s push to become an international “green finance” hub will help the city reach its targets, with half of its first US$1 billion (HK$7.8 billion) ... ( read original story ...)
Hong Kong Plans Expand Bond Connect in July, HKEJ Reports
Hong Kong plans to expand its trading link with the mainland to include southbound flows on bonds in early July, the Hong Kong Economic Journal reported, citing an unidentified source. ( read original story ...)
ByteDance, Caught In Middle Of US-China Tensions, Puts IPO Plans On Ice: Report
A possible IPO for TikTok's Chinese parent company ByteDance appears to still be a long way off. What Happened: According to the South China Morning Post ... ( read original story ...)
Hong Kong-Singapore air travel bubble to start on 26 May
The Hong Kong-Singapore agreement should unleash a torrent of pent-up demand from people eager to fly overseas and potentially do business in person after more than a year of the pandemic ... ( read original story ...)
Hong Kong anticipates GDP to significantly improve in Q1: Financial secretary
Screenshot of GT interview. Hong Kong SAR’s economic growth in the first three months of 2021 is expected to “significantl ... ( read original story ...)
Questor: HSBC is walking a tightrope between its London listing and its Asian heartland – we must sell
Questor share tip: decision to pin future on the Far East yet remain listed in the City puts it on a collision course with Western investors ... ( read original story ...)