UBS Group AG and other global banks giving up office space in pricey Hong Kong with so many staff still working from home. DBS is surrendering some floors in Swire Properties Ltd.’s One Island East ... ( read original story ...)
AIA Said to Near Deal for Bank of East Asia’s Life Insurer
AIA Group Ltd. is nearing a deal to buy the life insurance unit of Bank of East Asia Ltd., the Hong Kong-based lender whose shareholders include Paul Singer’s Elliott Management Corp., according to ... ( read original story ...)
DBS joins global banks surrendering office space in Hong Kong
DBS Group Holdings is set to join UBS Group AG and other global banks giving up office space in pricey Hong Hong with so many staff still working from home.. Read more at straitstimes.com. ( read original story ...)
Norway is the world’s most cashless country – but its central bank isn’t keen on bitcoin: ‘It doesn’t preserve stability’
Norway is the world's most cashless country, but, its central bank's governor told Bloomberg it is not recommending bitcoin as an alternative to fiat currency. ( read original story ...)
China’s Baidu debuts on Hong Kong bourse after raising $3.1bn in IPO
Baidu debuted on Hong Kong’s stock exchange yesterday after raising $3.1bn in its initial public offering, the latest mainland tech giant to flock to the financial hub. Chinese search engine Baidu ... ( read original story ...)
Hong Kong expecting a growth of 3.5%-5.5% in 2021: HK Financial Secretary
Hong Kong File photo. Hong Kong is expected to see a growth raging from 3.5 percent to 5.5 percent in 2021 and will continue to give financial support to small and medium-sized en ... ( read original story ...)
Bilibili priced Hong Kong listing at HK$808 a share as ‘China’s YouTube’ hit by tech valuations fears
Video-streaming and mobile gaming site Bilibili priced its share sale on Hong Kong's stock exchange at ... Bilibili's chief financial officer to investors. "It is becoming a dominant medium ... ( read original story ...)
Weakness in bank stocks pulls indexes lower on Wall Street
A man walks past a bank's electronic board showing the Hong Kong share index at Hong Kong Stock Exchange Tuesday, March 23, 2021. Asian stock markets were mixed Tuesday after Wall Street rose on ... ( read original story ...)
Weakness in bank stocks leaves indexes mixed on Wall Street
Major indexes were little changed in afternoon trading as a drop in bond yields pushed down banks and energy companies. Big technology companies, which benefit from lower bond yields, were ... ( read original story ...)
China’s central bank to issue 5 bln yuan of bills in Hong Kong
BEIJING, March 23 (Xinhua) -- China's central bank plans to issue 5 billion yuan (about 768.8 million U.S. dollars) worth of bills in Hong Kong on Thursday. The maturity of the fixed-rate bill is set ... ( read original story ...)
AIA Said to Near Deal for Bank of East Asia’s Life Insurance Arm
AIA Group Ltd. is nearing a deal to buy the life insurance unit of Bank of East Asia Ltd., the Hong Kong-based lender whose shareholders include Paul Singer’s Elliott Management Corp., according to ... ( read original story ...)
Baidu shares gain 0.8 per cent in underwhelming Hong Kong debut as IPO craze vanishes
Its shares opened for trading at HK$254, according to stock exchange data, and rose to as high as HK$256.60. They recently traded at HK$255 as of 9.35am local time, giving the company a market value ... ( read original story ...)
Roundup: Continued IPO boom underpins Hong Kong’s financial strength
With the debut of Baidu Inc. on Tuesday, Hong Kong's fund-raising market has appeared to maintain its momentum over recent months and will likely climb to a new height this year, further proof of the ... ( read original story ...)
Continued IPO boom underpins Hong Kong’s financial strength despite global volatility
Deloitte China forecast that IPOs will top 400 billion Hong Kong dollars this year and there will be some 130 new listings, and auditor PricewaterhouseCoopers (PwC) believes that the financial hub ... ( read original story ...)