Hong Kong stocks tumbled Friday as market heavyweight Alibaba was hammered after saying it would call off a planned spinoff of its cloud computing business.
Hong Kong’s financial system sound with no capital outflow: HKMA chief executive
HONG KONG, Nov. 17 (Xinhua) -- Hong Kong Monetary Authority (HKMA) Chief Executive Eddie Yue said on Friday that despite volatility in global financial markets, Hong Kong's financial system remains ...
Fintech Collaboration between Mainland China and Hong Kong
In recent years, the financial technology (Fintech) landscape has witnessed remarkable growth, with Mainland China and Hong Kong emerging as key players in the Asia-Pacific region. The collaboration ...
China’s WuXi XDC shines in Hong Kong trading debut as stock jumps 36%
SYDNEY: Chinese medical research group WuXi XDC's shares staged one of the strongest trading debuts for an initial public offering in Hong Kong this year on Friday, surging 36 per cent. The company ...
Alibaba shares plunge after cloud unit IPO nixed
Posted . Alibaba Group's Hong Kong shares slumped 10% on Friday after it scrapped plans to spin off its cloud busines ...
Alibaba Loses $21 Billion In Market Value After Suspending Cloud Unit IPO And Jack Ma Sells Shares
Alibaba Group stunned investors when it announced that it would suspend the listing plan of its cloud computing unit, while also revealing that cofounder Jack Ma intends to sell some of his shares.
Chinese EV maker Li Auto and pharmaceutical firm WuXi Apptec to join Hong Kong’s benchmark Hang Seng Index in December
Chinese electric-car maker Li Auto and pharmaceutical company WuXi Apptec will join the Hang Seng Index as new constituents next month, according to the latest quarterly review by Hong Kong’s index ...
Hong Kong firm suspected of unauthorized use of Tottori prefecture emblem
Tottori officials say they have found that a Hong Kong-based company is using a symbol closely resembling the Japanese prefecture's emblem. They plan to ask the firm to stop the unauthorized use of the emblem.
Yum China To Buy Back $750 Mln Of Shares
Restaurant chain Yum China Holdings, Inc. (YUMC) on Thursday announced that it has entered into a share repurchase agreement in the
The Soaring Growth of Fintech Startups in Hong Kong
In recent years, Hong Kong has emerged as a dynamic hub for financial technology, witnessing a significant surge in the number of fintech startups. This phenomenon reflects a global trend where ...
Alibaba Group suffers worst sell-off in 13 months on AliCloud reorganisation woes, sending Hong Kong stocks lower
Stocks slide in Hong Kong amid the biggest sell-off in Alibaba Group after the e-commerce platform operator cancelled a key part of its reorganisation amid heightened US-China tech rivalry.
Xi Jinping’s U.S. Visit Unites Protesters
With Xi Jinping visiting the U.S. for the first time in more than six years, protesters seized a rare chance to speak out together on issues that cannot be openly discussed in China.
Hong Kong Exchange Fund rebounds from record loss with US$14.22 billion return in first 9 months, as bonds beat stocks
The war chest used to defend Hong Kong’s currency posted a third quarter loss but still reported a strong returns in the first nine months of 2023 as robust performance in the bond market offset ...
Hong Kong’s monetary authority is working with market regulators on how to get bank transactions done when stock market opens in bad weather
In decades-old practice, the Hong Kong stock market and all of the city's 1,100 bank branches shut down during severe weather. But now the Hong Kong government is urging the local bourse to remain ...