Tag: finance

Chinese fintech giant Ant Group's move to earmark a record 80% of the Shanghai leg of its $35 billion dual-listing for strategic investors has led to a scramble among smaller investors for what some ... ( read original story ...)

Hong Kong stocks closed higher on Friday to post their fourth consecutive weekly advance, underpinned by heavyweight financial firms, though gains were checked by uncertainties including the U.S. ( read original story ...)

Standard Chartered-supported Hong Kong virtual bank Mox has signed up 35,00 customers within its first month of operation. Mox is one of eight virtual banks licensed by the Hong Kong Monetary ... ( read original story ...)

Two Hong Kong icons today made their first public appearance in more than nine months after they were damaged during last year’s protests. HSBC’s famous lion sculptures, known as Stephen and Stitt, ... ( read original story ...)

Hong Kong stocks ended marginally higher on Thursday, aided by gains in heavyweight financial firms. ** At the close of trade, the Hang Seng index was up 31.71 points, or 0.13%, at 24,786.13. The Hang ... ( read original story ...)

The Hong Kong Monetary Authority sold HK$2.96 billion ($381.94 million) into the market in New York trading hours after the local currency hit the strong end of its trading band, according to data ... ( read original story ...)

China's Ant Group has won the final nod from the country's top securities watchdog for the registration of its Shanghai offering, the regulator said on Wednesday, clearing the last regulatory hurdle ... ( read original story ...)

Goldman Sachs Group Inc.’s Asian unit was fined $350 million by Hong Kong’s financial regulator over its role in Malaysia’s 1MDB investment-fund scandal. ( read original story ...)

The US bank lacked adequate controls in place to monitor staff and detect misconduct in its day-to-day operation, and allowed the 1MDB bond offerings to proceed when numerous red flags surrounding the ... ( read original story ...)

The two bronze lion statues standing guard outside HSBC Holdings Plc’s main office in Hong Kong that were damaged and defaced during tumultuous protests at the start of this year have made their ... ( read original story ...)

HSBC carried out a simple blessing ceremony on Thursday to welcome back Stephen and Stitt for the first time since they were vandalised by anti-government protesters on New Year day. ( read original story ...)

HSBC has been appointed trustee, custodian and fund administrator for the first two exchange-traded funds (ETFs) in Hong Kong under the cross-listing scheme between Hong Kong and mainland China. ( read original story ...)

Hong Kong's markets watchdog on Thursday fined Goldman Sachs's Asian business $350 million for its role in Malaysia's multibillion-dollar 1MDB scandal, the largest single fine ever levied by ... ( read original story ...)

A Hong Kong regulator fined a local unit of Goldman Sachs Group $350 million for the investment bank’s role in a multibillion-dollar scandal involving Malaysian investment fund 1MDB. ( read original story ...)