Regulators found "major issues" with Ant's listing, a move that comes after Chinese banks have taken issue with Ant for veering into their business. ( read original story ...)
Derailing of Jack Ma’s Ant IPO Shows Xi Jinping’s in Charge
China’s move to abruptly halt the world’s biggest stock-market debut sends global investors a clear message: Any financial opening will only be done on terms that benefit President Xi Jinping and the ... ( read original story ...)
Got an HSBC account? It’s time to show your support for the people of Hong Kong
Following a reported 35 per cent fall in its quarterly profits, HSBC has announced that it might have to start charging its customers for basic services such as current accounts British customers ... ( read original story ...)
Ex-Hong Kong leader CY Leung takes government to court again, this time over handling of opposition lawmaker Claudia Mo’s ‘illegal’ basement flat
Former Hong Kong leader Leung Chun-ying has applied for a second judicial review against the government, this time challenging the Buildings Department's handling of illegal structures, an issue that ... ( read original story ...)
China Market Update: Ant Group IPO Review, Markets Shake It Off & Rally
Background on the Delay 40% of Ant Group’s revenue comes from its CreditTech unit, which includes the Zhima Credit unit, credit rating, Ant Credit, and Ant Cash Now. ( read original story ...)
World’s Largest IPO Delays, What Happens To Fintech And Ant Exactly?
Chinese authorities have cited “major issues” for halting the IPO, but major issues do not show up this late in the game. ( read original story ...)
Market debut of Chinese e-finance giant Ant Group postponed
The planned stock market debut of the world's biggest online finance company, Ant Group, was suspended in Shanghai and Hong Kong on Tuesday, disrupting a record-setting ... ( read original story ...)
Hong Kong customs officials net shipment of nearly 8,000 hairy crabs, pinch driver on suspicion of smuggling
Hong Kong customs has confiscated nearly 8,000 hairy crabs and arrested one person on suspicion of smuggling at a border checkpoint in a record seizure of the popular delicacy. The stock of 7,700 ... ( read original story ...)
Clarks to get £100m investment from Hong Kong’s LionRock
Kong based private equity firm LionRock Capital is set to acquire a majority stake in troubled shoemaker Clarks against its investment. ( read original story ...)
Hong Kong confirms three new Covid-19 cases, including two linked to growing Mui Wo staycation cluster
Hong Kong has recorded three new Covid-19 cases as a cluster linked to a staycation holiday in Mui Wo continues to grow. No local infections of unknown sources were recorded on Wednesday, according to ... ( read original story ...)
HK companies seek business opportunities in mainland via CIIE
Courtesy of HKTDC Hong Kong companies attending the third China International Import Expo (CIIE) are eyeing a new role in the country's dual circulation strategy and seeking a buffer zone from the ... ( read original story ...)
Hong Kong working with China, Thailand central banks to promote digital currencies, cross-border trade
Hong Kong Monetary Authority (HKMA) said it has been working with China's central bank and other regional monetary authorities on how to use digital currencies and trade platforms for fostering ... ( read original story ...)
Hong Kong protester cleared of Christmas Day assault after magistrate decides policeman ‘did not tell truth’
A man accused of pushing a Hong Kong policeman during an anti-government protest on Christmas Day has been cleared of the charge, after video footage showed the officer bumping him. Magistrate Jocelyn ... ( read original story ...)
Last-Minute Ant IPO Suspension Is a Communist Show of Strength
Despite gaining regulatory approval, it's a message to management that it only operates at the behest of the Communist Party. ( read original story ...)