The People's Bank of China published a list of guidelines on Thursday aimed at connecting financial markets and services in the southern 'Greater Bay Area' linking the mainland with semi-autonomous ... ( read original story ...)
Hong Kong shares end 1.5% lower as hopes for quick economic recovery fade
Hang Seng index ends down 1.45% China Enterprises index HSCE falls 1.51% HSI financial sector sub-index is 1.6% lower; property sector down 2% ... ( read original story ...)
Hang Seng follows Wall Street down on worries about global economy; China Literature, SMIC soar in Hong Kong
Tencent beat first-quarter expectations, prompting a bullish call by Daiwa Capital Markets for the internet giant’s shares to rise to HK$515 – a 20 per cent jump from Wednesday’s close. ( read original story ...)
China’s central bank sells 30 bln yuan offshore bills
The People's Bank of China issued 30 billion yuan ($4.2 billion) of offshore bills in Hong Kong on Thursday, the Hong Kong Monetary Authority announced on its website. ( read original story ...)
Despite virus, Pompeo talks West Bank annexation in Israel
U.S. Secretary of State Mike Pompeo met Wednesday with Israeli Prime Minister Benjamin Netanyahu to discuss the country's plans to annex parts of the West Bank, as Israeli ... ( read original story ...)
Kingsoft Cloud is considering a Nasdaq IPO, in a US$450 million bet that anti-China sentiment is a tempest in a teapot
Kingsoft Cloud, the cloud storage subsidiary of one of China's biggest computer software developers, is eyeing an initial public offering (IPO) on the Nasdaq, pitching to tap the US capital market ... ( read original story ...)
Renewed virus concerns pull Hong Kong shares lower
HSI financial sector sub-index 0.6% lower; property sector down 0.3% May 13 (Reuters) - Hong Kong shares closed lower on Wednesday, giving up earlier gains as investors fretted over the economic ... ( read original story ...)
BoC settles over half of cases in oil product losses: sources
Bank of China (BoC) has settled with more than half of customers hurt by losses in a crude oil-linked product after a historic oil price slide into negative territory, two sources with direct ... ( read original story ...)
JD.com Plans To Kickstart Hong Kong IPO As US-Listed Chinese Firms Increasingly Look Toward Home
Following in the footsteps of its bigger rival Alibaba Group Holding Ltd – ADR (NYSE: BABA), JD.Com Inc (NASDAQ: JD) is planning to test the IPO waters in Hong Kong very soon, if reports are to be ... ( read original story ...)
Hong Kong, Asia-Pacific stocks weighed down by US top coronavirus expert warning of ‘real risk’ of opening businesses too soon
The coronavirus continues to drive trading sentiment globally and in the Asia-Pacific region. But investors are also watching tensions between the US and China, which analysts expect to persist as ... ( read original story ...)
JPMorgan Extends Banking Services to Bitcoin Exchanges
JPMorgan Chase has taken on two well-known bitcoin exchanges, Coinbase and Gemini Trust, as banking customers, say people familiar with the matter, the first time the bank has accepted clients from ... ( read original story ...)
Coronavirus: No lay-offs during pandemic, vow 4,200 companies in Hong Kong
Some big names have agreed to the pledge organised by the Hong Kong Coalition, including China Resources and Sunwah Group. While at least 100,000 workers fall under the umbrella of the campaign, the ... ( read original story ...)
Chinese Cancer Screening Firm to Pick Goldman, UBS for IPO
New Horizon Health Ltd., a Chinese maker of home test kits for colon cancer, has picked Goldman Sachs Group Inc. and UBS Group AG to arrange its planned initial public offering in Hong Kong, according ... ( read original story ...)
Window For This Bullish Hong Kong Dollar Trade Is Closing
Hedge funds may have just weeks left to make good money from the long Hong Kong dollar carry trade.Local interest rates, which have remained stubbornly high relative to those in the U.S., will fall at ... ( read original story ...)