Banks and developers pace losses; HKMA had forewarned that intervention to halt local currency weakness would tighten liquidity and pressure rates.
China opens first offshore gold vault and contracts in Hong Kong
Trading will be conducted in yuan and settled by cash or physical delivery, including to the new vault operated by Bank of China Ltd.’s Hong Kong unit, the SGE said in a statement ...
Insurer FWD Plans to Raise Over $400 Million in Hong Kong IPO
FWD Group, an insurer backed by Hong Kong’s richest family, plans to raise over US$400 million via an initial public offering, joining the wave of companies flocking to tap the city’s market. The ...
Hong Kong’s De Facto Central Bank Intervenes as Currency Hits Weak End of Trading Range
The city's currency is pegged in a narrow range of 7.75-7.85 to the greenback, and the Hong Kong Monetary Authority (HKMA) intervenes at both ends to underpin the peg. HKMA's intervention comes after ...
Hong Kong places first as most international city in Asia for 2025, followed by Singapore
In the first edition of the "Asian Cities Internationality Index," Hong Kong placed first as the most international city in Asia in 2025.
Richard Li’s FWD files for US$512 million Hong Kong IPO amid slew of jumbo deals
Insurer will get a market value of HK$48.3 billion based on its IPO price of HK$38 each, before an overallotment option.
Hong Kong intervenes to defend currency peg
Hong Kong’s de facto central bank has intervened in foreign exchange markets to defend the city’s currency peg.
Billionaire Richard Li’s FWD Group seeks to raise $442 million in Hong Kong IPO
Insurer FWD Group, backed by billionaire Richard Li, is looking to raise HK$3.47 billion ($442.08 million) through a Hong Kong initial public offering, according to a regulatory filing on Thursday.
Richard Li’s FWD Group Seeks $442 Million in Hong Kong IPO
Billionaire Richard Li’s FWD Group Holdings Ltd. is seeking to raise HK$3.5 billion ($442 million) in a Hong Kong initial public offering, seizing on a hot market to finally launch a share sale ...
Billionaire Richard Li’s FWD Group seeks to raise HK$3.47 billion in Hong Kong IPO
INSURER FWD Group, backed by billionaire Richard Li, is looking to raise HK$3.47 billion (S$565.3 million) through a Hong Kong initial public offering, according to a regulatory filing on Thursday.
Hong Kong’s de facto central bank intervenes as Hong Kong dollar hits weak end of trading range
Hong Kong's de facto central bank said on Thursday it sold 1.2 billion U.S. dollar against the Hong Kong dollar, which hit the weak end of its trading band.
Hong Kong’s Securities and Futures Commission approves Guotai Junan Securities to offer virtual-asset trading services
Guotai Junan Securities (Hong Kong), a subsidiary of Guotai Junan International, has reportedly secured approval to offer virtual-asset trading services, making it officially the first Chinese ...
Hong Kong Intervenes to Defend FX Peg as Local Currency Drops
Hong Kong’s de facto central bank bought the local dollar to prop it up on Thursday, in a move to defend the city’s currency peg to the greenback.
Hong Kong Real Estate Firm’s Art Lending Deal with Sotheby’s Hits Snag
Meanwhile, Sotheby's has bolstered its art-lending services in Hong Kong since late last year, joining institutions like HSBC and Citi in offering loans against alternative assets ...