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Tag: finance

Posted on 01/02/2021

Hong Kong court finds former JPMorgan top banker not guilty of bribery

A Hong Kong judge found JPMorgan's former vice chairman of Asia investment banking, Catherine Leung, not guilty on Monday, following her trial held late last year. ( read original story ...)

Posted on 31/01/2021

Hong Kong finance chief Paul Chan rejects idea of issuing bonds to cover deficits, warning move could affect confidence in city

Paul Chan also reiterates the need to maintain the Hong Kong-US dollar peg, which he said had provided a good social and business environment. ( read original story ...)

Posted on 31/01/2021

TPG Sells More Than 10% of Novotech to Investors Ahead of IPO

Private equity firm TPG is selling more than 10% of its clinical research and testing provider Novotech Pty Ltd to a group of investors. ( read original story ...)

Posted on 31/01/2021

Hong Kong Airlines penalised for breaching rules of Covid-19 wage relief scheme it tapped for HK$154.3 million

The carrier on Saturday acknowledged a discrepancy in the employee headcount given to the government after ex-flight attendants filed a complaint. ( read original story ...)

Posted on 30/01/2021

Hong Kong’s Lam Praises HSBC After CEO ‘Grilled,’ Slams U.K.

HSBC Holdings Plc Chief Executive Officer Noel Quinn’s defense of the bank’s move to freeze a former Hong Kong lawmaker’s account has gained support from Chinese media and the city’s government. ( read original story ...)

Posted on 30/01/2021

HSBC CEO says cannot ‘judge motives’ of Hong Kong police over frozen accounts

HSBC is "not in a position to judge the motives" of Hong Kong police, Chief Executive Noel Quinn told British lawmakers questioning him over the lender's freezing of bank accounts of pro-democracy ... ( read original story ...)

Posted on 30/01/2021

If HSBC continues to support China’s brutal regime – its customers may go elsewhere

As more and more businesses understand the moral and commercial importance of operating ethically and sustainably, it is only right that we hold these businesses to account for their commitments. In ... ( read original story ...)

Posted on 30/01/2021

TikTok Rival’s $5.4 Billion IPO Draws Big Investor Following

Kuaishou Technology, which operates one of China’s most popular short-video apps, met with strong investor demand as the company targets the world’s largest float since late 2019, set to value it ... ( read original story ...)

Posted on 30/01/2021

Hong Kong should not take cryptocurrency finance for granted

Flex Yang is the founder and chief executive of Babel Finance, a cryptocurrency financial services company based in Hong Kong. While Hong Kong has seen some setbacks of late, it remains Asia's ... ( read original story ...)

Posted on 29/01/2021

Hong Kong’s $600 Billion Stock Rally Hinges on China Support

Hong Kong’s stock rally is so dependent on mainland capital that the mere suggestion the record inflows will slow has the potential to stir panic in the city’s $7.1 trillion market. ( read original story ...)

Posted on 29/01/2021

Retail buyers flood China’s Kuaishou HK IPO with $162 bln offered

China's Kuaishou Technology 1024.HK raised $5.4 billion from its IPO, the top of the range, with offers from retail investors reaching a mammoth $162 billion, nearly half of it backed by margin loans, ... ( read original story ...)

Posted on 29/01/2021

Bogus banknote seizures up 68 per cent last year, as Hong Kong police raid fake bill workshop, detain mother-daughter pair

Officers arrest tenant of a flat in Fanling and her daughter, seizing 54 bogus HK$500 banknotes along with unfinished bills, production equipment. ( read original story ...)

Posted on 29/01/2021

Exclusive: Hong Kong police obtain financial records of arrested democracy activists

Hong Kong authorities are scrutinizing the financial records of pro-democracy activists as they crack down on political opposition, according to some activists and a senior bank executive. ( read original story ...)

Posted on 29/01/2021

Hong Kong investors pile into Kuaishou’s $5.4bn IPO plan

Chinese short-video platform Kuaishou Technology expects to price its initial public offering of up to $5.4 billion at the top end of the marketed range, after heavy demand for what is shaping up to ... ( read original story ...)

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