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Tag: finance

Posted on 23/01/2021

Hong Kong Hits 30K Resistance Level, ByteDance Rival Kuaishou Prepares For IPO, Week In Review

Hong Kong stocks outperformed Mainland China this week, hitting the 30,000 resistance level, following a year of lackluster returns compared to the Mainland. ByteDance rival Kuaishou has locked in ... ( read original story ...)

Posted on 23/01/2021

MPs to question HSBC chief over freezing Hong Kong pro-democracy accounts

Foreign affairs committee move to call Noel Quinn comes days after pro-democracy politician Ted Hui urged MPs to investigate the bank ... ( read original story ...)

Posted on 22/01/2021

China’s Kuaishou and RLX raise IPO targets amid strong demand

Chinese companies seeking billions of dollars from initial public offerings in New York and Hong Kong are raising their fundraising targets amid uncertainty about whether U.S. President Joe Biden will ... ( read original story ...)

Posted on 22/01/2021

Short Video Giant Kuaishou Poised to Raise $5 Billion in IPO

Kuaishou, the mainland Chinese firm that operates the world’s second most watched short video app, has received approval for its planned public share offering. It is expected to raise $5 billion ... ( read original story ...)

Posted on 22/01/2021

Hong Kong money rates drop to multi-year lows on capital inflows

Heavy foreign flows into Hong Kong's stock market drove borrowing costs to multi-year lows this week, prompting investors to suspect there won't be any need for the customary official liquidity ... ( read original story ...)

Posted on 22/01/2021

Stock Bubble Worries Push Chinese Investors From Home to Hong Kong

SHANGHAI (Reuters) - As China's blue-chip index approaches an all-time high, growing fears about bubbles developing in some parts of the country's stock market are prodding some investors to seek ... ( read original story ...)

Posted on 22/01/2021

Hong Kong stocks fall as China’s composite index slips when global rally pauses

Hong Kong stocks ended lower on Friday, the biggest daily percentage drop since Nov. 30, as investors locked in gains following recent strength and China's composite stock index slipped amid a ... ( read original story ...)

Posted on 22/01/2021

China, Hong Kong stocks slip on profit-taking after recent rally

Shanghai Connect daily quota used -2.9%, Shanghai->HK daily quota used 5.1% * FTSE China A50 -0.5% HONG KONG, Jan 22 (Reuters) - China stocks slipped on Friday, tracking weakness in other Asian ... ( read original story ...)

Posted on 22/01/2021

Hong Kong Lockdown; Biden Unveils National Plan: Virus Update

Hong Kong time will lock down tens of thousands of residents in Kowloon’s core urban district amid a surge in cases, according to a local news report. Malaysia extended restrictions and Singapore is ... ( read original story ...)

Posted on 22/01/2021

Chinese Vaping Firm RLX Prices U.S. IPO Above Marketed Range

Chinese e-cigarette maker RLX Technology Inc. has priced its U.S. initial public offering above a marketed range at $12 a share, according to a person familiar with the information and asked not to be ... ( read original story ...)

Posted on 22/01/2021

Hong Kong poised to require two-week quarantine for flight crew: SCMP

Hong Kong is set to require flight crew entering the Asian financial hub for more than two hours to quarantine in a hotel for two weeks, the South China Morning Post reported on Thursday, citing ... ( read original story ...)

Posted on 22/01/2021

Op-ed: A new global arms race in digital finance is heating up

The world's biggest financial institutions and central banks are getting serious about a monetary system leveraging cryptocurrencies and the blockchain. ( read original story ...)

Posted on 21/01/2021

Tencent-backed video sharing app Kuaishou kicks off Hong Kong IPO targeting US$5 billion

Kuaishou will raise the curtain for other China’s short video-sharing platforms to raise funds via IPO in Hong Kong. ( read original story ...)

Posted on 21/01/2021

Breakingviews – Chinese monopoly rules threaten super-app model

The future of China’s financial super-apps has been thrown into question. The central bank is defining unhealthy dominance in specific market-share terms, while emphasising the separation of digital ... ( read original story ...)

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