Hong Kong and China markets started the first trading day of the month on a positive note following a sell-off last week, as investors shrugged off rising global coronavirus infections.Market ... ( read original story ...)
Chinese investment bank CICC jumps 33% in its Shanghai debut
China International Capital Corp surged 33% in its debut on the Shanghai stock exchange on Monday as investors bet the country's fifth-biggest securities firm will benefit from a government push to ... ( read original story ...)
HSBC’s share price is climbing. Should I buy the stock now?
HSBC's share price fell to 282p in September. Since then, it has jumped 15%. Has the outlook improved? And is now the time to buy? The post HSBC’s share price is climbing. Should I buy the stock now? ( read original story ...)
Hong Kong’s fintech development could push city’s position as global financial center, official says
Compared to other technologies, fintech is the equivalent of a new industrial revolution, Christopher Hui told CNBC. ( read original story ...)
UPDATE 1-Hong Kong Exchange Fund Q3 investment income drops 57% q/q
Hong Kong’s Exchange Fund, which is used to back the Hong Kong dollar, posted investment income of HK$52.8 billion ($6.81 billion) in the third quarter, a drop of 56.6% from the previous quarter, the ... ( read original story ...)
Hong Kong and China markets rebound from sell-off as investors shrug aside rising global coronavirus infections
Hong Kong and China markets started the first trading day of the month on a positive note following a sell-off last week, as investors shrugged aside rising global coronavirus infections. Market ... ( read original story ...)
GDS Rises 3% After $1.67 Billion Hong Kong Listing
Chinese data center company GDS Holdings Ltd. rose 3% from its offer price after raising $1.67 billion in its Hong Kong secondary listing, the latest U.S.-traded Chinese company to sell shares in the ... ( read original story ...)
Hong Kong Exchange Fund Q3 investment income drops 56.6% from Q2
Hong Kong's Exchange Fund, which is used to back the Hong Kong dollar, posted an investment income of HK$52.8 billion ($6.81 billion) in the third quarter, a drop of 56.6% from the previous quarter, ... ( read original story ...)
Comparing BOC Hong Kong (BHKLY) & Its Competitors
BOC Hong Kong (OTCMKTS: BHKLY) is one of 74 public companies in the “Commercial banks, not elsewhere classified” industry, but how does it contrast to its competitors? We will compare BOC Hong Kong to ... ( read original story ...)
Shanghai could be the world’s biggest IPO market this year. But holding that title will be tough
Shanghai is on track to steal the global IPO crown this year, bolstering a drive by Beijing to reduce its reliance on foreign financial markets and giving China a powerful one-two fundraising punch ... ( read original story ...)
Hong Kong’s windfall from poster boy Ant’s impending IPO
But it is about to break all initial public offering (IPO) records with its IPO in Hong Kong and Shanghai. On Friday (Oct 30), individual investors in Hong Kong and Shanghai snapped up at least US$3 ... ( read original story ...)
Hong Kong-Guangdong deal paves the way for city’s residents to remotely open mainland bank accounts
Hong Kong residents will soon be able to open personal bank accounts in the Greater Bay Area without having to visit the mainland in person, allowing them to access banking services such as mortgage ... ( read original story ...)
Ant’s record-breaking IPO attracts $3 trillion in retail-investor bids
Shares set to debut in Shanghai were oversubscribed 872 times, while the Hong Kong portion saw bids for 389 times the stock on offer. ( read original story ...)
HSBC: The Long Road To Recovery
HSBC reported better than expected Q3 results. The bank is benefiting from a strong economic recovery in Asia. ( read original story ...)