Based on a common 15% float for mega IPOs in Hong Kong, one potential venue, Didi could raise roughly $9 billion in what would be one of the largest tech debuts globally in 2021. The company hasn’t ... ( read original story ...)
Hong Kong rises to 4th place among world’s financial centers
Hong Kong moved up one place to fourth in the 29th edition of Global Financial Centers Index (GFCI 29) published by the British think ... ( read original story ...)
Hong Kong Rattles Bankers With Unusually Strict Covid Quarantine
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 ...)
China, Hong Kong stocks climb on Fed’s dovish stance
China and Hong Kong stocks rose on Thursday, in line with broader gains in other Asian markets, after the U.S. Federal Reserve pledged to maintain accommodative monetary policy and projected a rapid ... ( read original story ...)
Hang Seng Index rebounds from tech bloodshed
Hong Kong’s Hang Seng Index advanced 1.5% on Tuesday morning; Shares of tech and consumer names had plunged last week, weighing on the index; A fund manager foresees the index t ... ( read original story ...)
Baidu’s Second Listing In Hong Kong To Bring In $3.1 Billion
Chinese search engine and tech giant Baidu, which specializes in artificial intelligence, raised $3.1 billion from a secondary listing in Hong Kong. ( read original story ...)
HSBC has closed its main office in Hong Kong after an outbreak of COVID-19 at a gym
Guards wearing masks, face shields and protective clothing stood in front of the entrances to HSBC's Hong Kong office to deny people entry. ( read original story ...)
HKMA piles pressure on small lenders to digitise as Hong Kong’s virtual banks gain traction with customers
Hong Kong Monetary Authority is shifting focus from shepherding financial innovation with the launch of the eight virtual banks last year towards chivvying digital laggards among the city's small and ... ( read original story ...)
Pandemic-induced hunger for IPOs keeps Hong Kong’s investment bankers busy
Hong Kong's bankers are working around the clock as the region's companies rush to go public. Companies are trying to "get the deal done as soon as they can", said Stephanie Tang, head of private ... ( read original story ...)
U.S. Sanctions 24 Chinese and Hong Kong Officials Over Civic Rights
The United States has today deployed sanctions against 24 Chinese and Hong Kong officials for undermining Hong Kong's ability to govern itself and elect its own government. It's the first direct ... ( read original story ...)
Hong Kong: IPO hits almost $11 billion, close to 500% jump from 1 year earlier
A pandemic-induced hunger for technology stocks and the threat of US delistings have been a boon for the financial hub during a difficult political stretch, driving a surge in initial and secondary ... ( read original story ...)
US sanctions 24 China and Hong Kong officials ahead of talks
Lam said in a television interview in November last year that the sanctions meant she receives her salary in cash and has “piles of cash” at home because she was cut off from banking services in Hong ... ( read original story ...)
Hong Kong Bourse May Open Under Mild Pressure
The Hong Kong stock market has finished higher in two straight sessions, gathering almost 290 points or 0.8 percent along the way. The Hang Seng Index now rests just above the 29,025-point plateau ... ( read original story ...)
HSBC Closes Main Hong Kong Office After Multiple Covid Cases
A spokeswoman for HSBC declined to comment. The Hong Kong Economic Journal reported the closure earlier. The bank’s iconic main building in Hong Kong is located at 1 Queen’s Road Central. A ... ( read original story ...)