Hong Kong unveiled a government shake-up on Wednesday that it said was aimed at reviving the financial hub's beleaguered economy and had nothing to do with a recent controversy over Beijing's role in ... ( read original story ...)
Hong Kong’s central bank sets dollar liquidity facility at $10 bln
The Hong Kong Monetary Authority's (HKMA) said on Wednesday its new U.S. dollar lending facility will total $10 billion, in a bid to shore up U.S. dollar liquidity among local banks. Add details HONG ... ( read original story ...)
How Hong Kong’s Intervention Battle Will Chill The Carry Trade
Hong Kong’s defense of its currency peg will likely boost the interbank liquidity pool to a level unseen in two years, lowering local borrowing costs and weakening its dollars. ( read original story ...)
Hong Kong’s central bank sells HK$2.79 bln after HKD rises to trading limit
The Hong Kong Monetary Authority sold HK$2.79 billion ($360 million) worth of Hong Kong dollars early on Wednesday after the currency hit the strong side of its trading band. The Hong Kong dollar is ... ( read original story ...)
Kingsoft Cloud Seeks U.S. Investment From IPO
Kingsoft Cloud Holdings has filed for a U.S. IPO. The firm provides a suite of Internet and cloud infrastructure services to enterprises in Asia. The firm has g ... ( read original story ...)
Hong Kong’s central bank sells HK$1.55 bln after HKD rises to trading limit
The Hong Kong Monetary Authority sold HK$1.55 billion ($200.01 million) of Hong Kong dollars on Tuesday, after the currency hit the strong side of its trading band. The Hong Kong dollar, pegged to the ... ( read original story ...)
SoFi goes international with acquisition of Hong Kong-based investment app 8 Securities
Consumer financial services platform SoFi is making its first expansion outside of the United States with the acquisition of Hong Kong-based investing app 8 Securities. Targeted to personal investors, ... ( read original story ...)
Chinese cancer drug firm Akesobio’s US$330 million IPO – Hong Kong’s largest this year – is oversubscribed 639 times by city’s investors
The Hong Kong tranche of cancer drugs developer Akesobio’s HK$2.58 billion (US$330 million) initial public offering has been oversubscribed 639 times, making it the most popular biotechnology listing ... ( read original story ...)
Megvii IPO: Blacklisted Chinese Company Files with Hong Kong
In the summer of 2019, a Megvii IPO was filed with the Hong Kong Exchange. Investors thought they could expect Megvii stock soon after. However, those expectations were not met. Megvii isn’t a public ... ( read original story ...)
Hong Kong Near Selling Local Dollars for First Time Since 2015
Hong Kong is on the verge of selling local dollars for the first time since 2015 after the city’s exchange rate rose to the strong end of its trading band against the greenback.The Hong Kong dollar ... ( read original story ...)
Lower Open Anticipated For Hong Kong Bourse
The Hong Kong stock market headed south again on Monday, one session after it had ended the two-day losing streak in which it had fallen almost 430 points or 1.8 percent. The Hang Seng Index now sits ... ( read original story ...)
What Is Sinotruk (Hong Kong)’s (HKG:3808) P/E Ratio After Its Share Price Rocketed?
Sinotruk (Hong Kong) (HKG:3808) shares have had a really impressive month, gaining 32%, after some slippage. But shareholders may not all be feeling jubilant, since the share price is still down 15% ... ( read original story ...)
Hong Kong Extends Social Distancing Measures
Hong Kong is extending social distancing restrictions for another 14 days as a precautionary measure, even as the financial hub sees a drop off in daily new Covid-19 infections. ( read original story ...)
Hong Kong to extend coronavirus-related restrictions by 14 days
Hong Kong's government will extend social restrictions aimed at tackling the coronavirus for another 14 days, the Chine-ruled city's leader Carrie Lam said on Tuesday. Hong Kong recorded zero new ... ( read original story ...)