According to a report in the Financial Times, the U.K. bank quietly rolled out the digital wallet in Hong Kong as a response to competition from the likes of Tencent and Alibaba. In February, reports ... ( read original story ...)
UPDATE 1-Hansoh Pharma raises $1 bln in HK IPO priced at top of range-sources
HONG KONG, June 5 (Reuters) - Drugmaker Hansoh Pharmaceutical Group on Wednesday priced its Hong Kong initial public offering at the top end of its targeted range, two people with direct knowledge of ... ( read original story ...)
Hong Kong shares rise as U.S. Fed comments lift rate cut hopes
Shares in Hong Kong ended higher on Wednesday as comments from the U.S. Federal Reserve raised investor hopes for an interest rate cut this year. ** At the close of trade, the Hang Seng index was up ... ( read original story ...)
Warburg-Backed ESR, Holders Seek Up to $1.24 Billion in Hong Kong IPO
(Bloomberg) -- ESR Cayman Ltd., a logistics real estate developer, is seeking to raise as much as $1.24 billion in a Hong Kong initial public offering. The company and some shareholders, including ... ( read original story ...)
Hong Kong Stocks at Tipping Point After Deepest Dip Since 2016
Hong Kong’s equities are nearing a turning point that could reward investors in the short term -- if they have the stomach for it. The Hang Seng Index has become the biggest victim of the U.S.-China ... ( read original story ...)
Hong Kong holds somber Tiananmen vigil as Beijing goes into lockdown
HONG KONG/BEIJING (Reuters) - Tens of thousands joined a somber ... Demonstrators gathered in the financial hub's Victoria Park, holding up candles and placards as others rallied next to a replica of ... ( read original story ...)
Hong Kong activists prepare to commemorate 30th anniversary of Tiananmen
The spirit of political activism has now passed to a younger generation, crystalizing in the 2014 Occupy protests, also known as the Umbrella Movement, which laid siege to Hong Kong government ... ( read original story ...)
Hong Kong police officer found guilty of fraud for not declaring HK$200,000 gained in land deals on student loan applications
Indigenous villager Koo Chun-fai, 26, dishonestly omitted the land – from which he made HK$200,000 (US$25,640) – from two applications he submitted to the government’s Student Finance Office ... ... ( read original story ...)
Hong Kong slips behind New York and Nasdaq in five-month global IPO rankings, as trade war takes a toll on sentiment
Hong Kong was the third biggest IPO market by proceeds raised in the first five months of 2019, according to data from Refinitiv The city failed to attract blockbuster IPOs while its US rivals bagged ... ( read original story ...)
Hong Kong shares edge lower as trade war crossfire continues
The Hong Kong stock market fell on Tuesday as Beijing and Washington engaged in a war of words and warnings in their protracted dispute over trade and technology. ** At close, the Hang Seng index was ... ( read original story ...)
Paul Chan: Volatile markets pose risks to HK financial security
The government is concerned that Hong Kong’s financial markets have been quite turbulent recently, posing risks to the city’s financial security, Financial Secretary Paul Chan Mo-po warns. Attending a ... ( read original story ...)
Hong Kong’s new pensions tax break gives early boost to retirement savings
HSBC received 3,500 applications for MPF tax-deductible voluntary contributions and more than 5,000 for deferred annuity schemes by the end of May, according to Greg Hingston, head of retail banking ... ( read original story ...)
Case for HSBC to move HQ to Hong Kong looks stronger than ever
A prediction: by the end of the next decade, HSBC will no longer be headquartered in the UK. It is more than three years since Europe’s largest bank by assets completed a review of where it should ... ( read original story ...)
Bank of Jinzhou Auditors Resign Citing Loan Inconsistencies
The lender’s shares are suspended from trading in Hong Kong. China’s small- and mid-size lenders have been under increasing scrutiny after regulators last month seized control of Baoshang Bank Co., ... ( read original story ...)