Kuaishou’s model has been criticised by some analysts for an over-reliance on celebrity influencers and a costly user acquisition strategy. ( read original story ...)
Little Movement Expected For Hong Kong Bourse
The Hong Kong stock market on Wednesday ended the three-day winning streak in which it had climbed almost 730 points or 2.6 percent. The Hang Seng Index now rests just above the 28,235-point plateau ... ( read original story ...)
Green Finance: Towards a Sustainable Future
From extreme typhoons and flooding in Asia, to the continuing rise of global temperatures and now the COVID-19 pandemic, it is hard to argue that these events pose zero threat to our livelihood and ... ( read original story ...)
Digital banking: Sea buys Indonesian bank BKE
Sea buys Indonesian bank BKE Parts Tweet Parts Parts Parts E-mail In today's major digital banking news, Singapore-based ... ( read original story ...)
14th Asian Financial Forum held online next week
The 14th Asian Financial Forum (AFF) will be held as an online event on 18 and 19 January (Monday and Tuesday). Under the theme "Reshaping the World Economic Landscape", the forum will run round the ... ( read original story ...)
China fintech: banking and insurance watchdog CBIRC lays out ways it may punish risky consumer finance companies
The rating system comes as China clamps down on its rapidly growing consumer finance sector, citing systematic risk and customer complaints. ( read original story ...)
State Street-managed Hong Kong fund to resume investment in banned shares
TraHK, which is popular with Hong Kong retail investors and pension funds, was set up in 1998 by the Hong Kong government to dispose of shares it had bought in market interventions during the Asian ... ( read original story ...)
State Street managed Hong Kong fund to resume investment in shares banned to Americans
Hong Kong's largest tracker fund, managed by a State Street unit, will resume investing in stocks from which Americans are banned, it said in a statement on Wednesday, the latest global U-turn linked ... ( read original story ...)
Hong Kong ranks as 2nd largest IPO market in 2020
Hong Kong Exchanges and Clearing Limited (HKEX) has unveiled in its annual market statistics report that IPO equity funds raised in 2020 stood at 51.28 billion U.S. dollars, up 26.5 percent year on ... ( read original story ...)
China’s Megvii kick-starts IPO on Shanghai’s Star Market after Trump added facial recognition giant to entity list
Facial-recognition developer Megvii abandoned its original Hong Kong IPO plan after the Trump administration placed it on a trade blacklist; it is now looking to list on Shanghai’s Star Market. ( read original story ...)
Biotech IPO Surge a Shot in the Arm for Hong Kong
As Hong Kong’s capital markets continue to have a strong year, one trend has been clear: The growing number of listings by Chinese biotech and biopharma companies. The past few weeks have seen a ... ( read original story ...)
Chinese facial recognition unicorn Megvii prepares China IPO
Megvii, one of China’s largest facial recognition startups, is gearing up for an initial public offering in Shanghai. The company is working with CITIC Securities to prepare for its planned listing, ... ( read original story ...)
Hong Kong shares end flat as investors pause after recent rallies
HK daily quota used 14.8% * HSI -0.2%, HSCE -0.4%, CSI300 -0.3% * FTSE China A50 -0.6% BEIJING/SHANGHAI, Jan 13 (Reuters) - Hong Kong shares ended lower on Wednesday, with consumer shares ... ( read original story ...)
Hong Kong Shares Have A Green Light For Wednesday’s Trade
The Hong Kong stock market has finished higher in three straight sessions, collecting almost 730 points or 2.6 percent along the way. The Hang Seng Index now rests just above the 28,275-point plateau ... ( read original story ...)