Tag: finance

The Hong Kong stock market on Friday wrote a finish to the four-day winning streak in which it had jumped almost 675 points or 2.2 percent. The Hang Seng Index now rests just above the 28,990-point ... ( read original story ...)

The bank was closed last week after three people testing positive for Covid-19.. Read more at straitstimes.com. ( read original story ...)

HONG KONG • The days of the massive first-day pop in Hong Kong's initial public offering (IPO) frenzy may be nearing an end.. Read more at straitstimes.com. ( read original story ...)

Eddie Yue says the outflow was caused by mainland companies transferring money raised in Hong Kong back across the border following IPOs. ( read original story ...)

Hong Kong and mainland China stocks tumbled with equities in the Asia-Pacific region as taper risks dominated trading sentiment and uncertainty about the inflation outlook triggered another bout of ... ( read original story ...)

An executive at one international investment bank in the city said the firm would have to consider shifting some of its traders to other financial hubs if Hong Kong’s current quarantine policies stay ... ( read original story ...)

Hong Kong will never again be the city that many citizens and foreigners remember from not so long ago. Beijing is tightening its control and nothing is likely to bring back the old days. ( read original story ...)

Zhihu Inc. has set terms of its initial public offering in the U.S., as the Hong Kong-based Q&A-inspired online content community looks to raise up to $632.5 million. The company is offering 55 ... ( read original story ...)

CTF’s latest financial statements for the six months ended 30 September ... same-store sales remained flat, though Hong Kong and Macau saw this ratio plunge by 65.7%. Despite this, core operating ... ( read original story ...)

HONG KONG (Reuters) - China Merchants Bank Co Ltd said on Friday its wealth management unit is expected to receive investment of 2.7 billion yuan ($414.80 million) from JPMorgan Asset Management ... ( read original story ...)

Bank Indonesia kept the seven-day reverse repurchase ... chief Asean economist at HSBC Holdings Plc in Hong Kong. “BI will have to walk a fine line in coming months if global yields continue ... ( read original story ...)

Didi is targeting an IPO as early as this summer at a valuation above the $62 billion it secured in its last funding round, Bloomberg said. ( read original story ...)

The fate of Hong Kong’s most popular fund will be a critical bellwether for the city’s ability to keep its status as a global financial hub. ( read original story ...)

Failing to keep pace with the changes ushered in by open banking, coupled with generational shifts in consumer expectations is an existential threat to big banks still powered by legacy technology. ( read original story ...)