Banks operating in Hong Kong have been told to report financial transactions believed to violate the city’s controversial national security law (NSL) as they would suspected incidents of money ... ( read original story ...)
Why I think the HSBC share price could finally have bottomed. I’d buy
The HSBC share price has crashed almost 50% in the Covid-19 pandemic. And 2020 has turned into a serious stress test. Here's why I'd buy.The post Why I think the HSBC share price could finally have ... ( read original story ...)
Hong Kong virtual bank WeLab is live with Temenos
Temenos, the banking software company, today announced that WeLab Bank, Hong Kong’s first homegrown virtual bank, has publicly launched using cloud-native Temenos Transact to provide a range of next ... ( read original story ...)
Exclusive: Didi considers 2021 IPO in Hong Kong, targets more than $60 billion valuation, sources say
China's top ride-hailing firm Didi Chuxing is considering Hong Kong for a multibillion-dollar initial public offering (IPO) next year, people with knowledge of the matter said, rethinking previous ... ( read original story ...)
Didi considers 2021 IPO in HK – sources
China's top ride-hailing firm Didi Chuxing is reportedly considering Hong Kong for a multibillion-dollar initial public offering. People with knowledge of the matter said the firm is rethinking ... ( read original story ...)
Exclusive: Didi considers 2021 Hong Kong IPO, targets valuation of more than $60 billion, sources say
China's top ride-hailing firm Didi Chuxing is considering Hong Kong for a multibillion-dollar initial public offering (IPO) next year, people with knowledge of the matter said, rethinking previous ... ( read original story ...)
Time for HSBC to return home to Asia
The HSBC building in Central district of Hong Kong. HSBC, founded in colonial Hong Kong in 1865, moved its headquarters to London to fulfil a regulatory requirement in 1993. Photo: Bloomberg July 1, ... ( read original story ...)
Hong Kong Shares Predicted To Open Under Pressure
The Hong Kong stock market has moved higher in two straight sessions, surging almost 385 points or 1.6 percent along the way. The Hang Seng Index now rests just above the 24,540-point plateau although ... ( read original story ...)
China Regulator Approves Ant Group’s HK IPO: IFR
Ant, backed by e-commerce giant Alibaba Group , plans to seek listing approval from Hong Kong's stock exchange on Monday and the China Securities Regulatory Commission will approve Ant's ... ( read original story ...)
Banks in Hong Kong advised to report security law breaches to police
Hong Kong regulators have yet to publicly issue official guidelines on how financial institutions should implement the national security law. But the document posted by the HKMA said reporting ... ( read original story ...)
China’s Ant Group Clears Hurdle for $30 Billion Hong Kong IPO
Ant Group is now expected to launch its much anticipated initial public offering in early November after the Alibaba payments affiliate won approval to list in Hong Kong. The Chinese Securities ... ( read original story ...)
Hong Kong stocks end higher, subdued China GDP curbs gains
Hong Kong stocks closed higher on Monday, aided by heavyweight financial and utilities firms, but China’s weaker-than-expected GDP data kept gains in check. ** At the close of trade, the Hang Seng ... ( read original story ...)
Ant Group gets Chinese nod for Hong Kong leg of $35 billion dual listing: sources
ANTG.HK] has received approval from China's securities regulator for the Hong Kong leg of its roughly $35 billion dual listing, two people with knowledge of the matter told Reuters on Monday. The Chin ... ( read original story ...)
Hong Kong Bourse May Be Stuck In Neutral On Monday
The Hong Kong stock market bounced higher again on Friday, one day after it had ended the two-day winning streak in which it had jumped more than 550 points or 2.3 percent. The Hang Seng Index now ... ( read original story ...)