NatWest and HSBC are shoring up their digital assets to support growth and changing customer behaviors as well as fending off the threat of new challenger banks. There’s clear evidence of how much the ... ( read original story ...)
Citic Capital-Backed UCO Cosmetics Weighing Hong Kong IPO
Hangzhou UCO Cosmetics Co., a Chinese e-commerce servicing company for beauty brands, is considering a Hong Kong initial public offering that could raise at least $300 million, according to people ... ( read original story ...)
Pagoda Skips Hong Kong, Eyes Shenzhen’s ChiNext for China’s First Fruit Retailer IPO
Pagoda Industrial Group, which may become the first Chinese fruit chain to get listed, is looking to go public in Shenzhen instead of Hong Kong. Pagoda is in the first phase of initial public offering ... ( read original story ...)
Jack Ma-backed Prenetics plots IPO after COVID-19 test success
Prenetics, the Hong Kong-based COVID-19 test provider that helped English football's Premier League resume matches, is planning an initial public offering as early as this year and is on track to ... ( read original story ...)
UPDATE 2-Hong Kong plans lower budget deficit as economy expected to recover
Hong Kong plans to run a much lower budget deficit in the coming fiscal year as the economy is expected to recover from its longest recession on record, Finance Secretary Paul Chan said on Wednesday. ( read original story ...)
Japan tells China it ‘can’t tolerate mass arrests’ under Hong Kong’s national security law
Unusually forceful’ statement by Tokyo is seen as ‘returning a favour’ to the United States for its support in the East China Sea. ( read original story ...)
Hong Kong finance chief says HK$5,000 vouchers can be for wet markets and restaurants, vows to prevent misuse
A day after unveiling plan in his budget address, Paul Chan notes pandemic funds already in place to help market stalls upgrade to accept Octopus cards. ( read original story ...)
Tencent-Backed WeDoctor’s Hong Kong IPO Looms With Valuation Near $7 Billion
WeDoctor is planning to file for an initial public offering in Hong Kong as soon as next month after fetching a valuation of $6.8 billion in its latest funding round, according to people familiar with ... ( read original story ...)
HK finance chief unveils $20.4 billion plan to stabilise economy as deficit peaks
Counter-cyclical measures include spending vouchers of HK$5,000 for each resident.. Read more at straitstimes.com. ( read original story ...)
Hong Kong budget: what did finance minister Paul Chan do right and why are pro-Beijing lawmakers still grumbling?
Relief measures and stamp duty welcomed by industry leaders, and while politicians applaud HK$5,000 spending voucher, some say it was not enough to alleviate concerns over unemployed. ( read original story ...)
Hong Kong’s Biggest Wealth Gain Goes To This Smartphone Supplier
This story is part of Forbes' coverage of Hong Kong’s Richest 2021. See the full list here. Husband and wife Yeung Kin-man and Lam Wai-ying of Biel Crystal had another red-hot year. The founders of ... ( read original story ...)
Hong Kong’s Richest 2021: Big Gains For Some, But More Than Half See Wealth Drop
While the combined wealth of Hong Kong’s richest managed to rise, more than half saw a pandemic-induced drop in their net worth. ( read original story ...)
Government seeks to beef up Hong Kong’s role as Asia’s bond hub by accelerating Bond Connect, increasing use of green bonds
Hong Kong's government is looking to tap China's US$15 trillion bond market for growth, as it proposed creating a trans-border investment channel that can turn the city into a regional centre for ... ( read original story ...)
Beijing is exploring digital yuan cross-border payments by joining with Hong Kong, Thailand, UAE and the Bank of International Settlements
The People’s Bank of China is joining the Multiple Central Bank Digital Currency Bridge, a project exploring cross-border payments using distributed ledger technology, the latest step in Beijing’s ... ( read original story ...)