Hong Kong’s note-issuing banks are The Hongkong and Shanghai Banking Corp (HSBC), Standard Chartered Bank (Hong Kong), and Bank of China (Hong Kong). Colin Pou Hak-wan, HKMA’s executive director for f... ( read original story ...)
HK$6 billion in scammed funds transferred through Hong Kong bank accounts in past 15 months
Close to HK$6 billion (US$768 million) swindled from victims of various online and phone scams in Hong Kong and around the world was transferred through bank accounts in the city over the past 15 mont... ( read original story ...)
Hong Kong on track for global IPO crown
Hong Kong is on course to take the global IPO crown this year for the most money raised in stock market flotations, narrowly ahead of arch-rival New York, but its new listings have posted the worst pe... ( read original story ...)
Hong Kong IPOs to raise HK$100 billion less in 2019, says KPMG
Seven companies listed in Hong Kong slashed their IPO sizes recently, amid a surge in new share offerings and a major sell-off in the equity market. Alibaba Group Holding-backed Babytree shrank its li... ( read original story ...)
China’s Tencent Music raises nearly $1.1 billion in U.S. IPO
NEW YORK/HONG KONG (Reuters) - China-based music streaming company Tencent Music Entertainment Group (TME.N) said it raised close to $1.1 billion in its U.S. initial public offering (IPO) after pricin... ( read original story ...)
WuXi AppTec Lists H Shares on the Hong Kong Stock Exchange
The Hong Kong IPO will be used to enhance the Company's capability and capacity worldwide. This could include acquiring CROs and CDMO/CMOs, developing cutting-edge technologies, fostering a ... ( read original story ...)
Hong Kong: HANG SENG INDEX (.HSI) market participants forecast a slower pace of interest rate hikes in the U.S
Hong Kong stocks rose on Wednesday as market participants forecast a slower pace of interest rate hikes in the U.S. and possible policy stimulus in China. At the close of trade, the Hang Seng index wa... ( read original story ...)
Hong Kong shelves ETF Connect scheme with China due to ‘technical issues’, says SFC chairman
It will need a very long period of discussion to establish the infrastructure to build an ETF Connect Tim Lui, SFC Mainland-backed financial firms in Hong Kong rose to 334 at the end of 2017, from the ... ( read original story ...)
Hong Kong: HANG SENG INDEX (.HSI) worries about a slowdown in global growth
Headline shares of the Hong Kong financial market were lower on Tuesday ... Meanwhile, fresh Brexit uncertainty also dampened investor sentiments. In afternoon trades, the Hang Seng Index fell 29.34 p... ( read original story ...)
Hang Seng, Tencent join hands
... and Hang Seng will further promote fintech development in Hong Kong," said Philip Ma, vice-president of Tencent Financial Technology. Gilbert Lee, Head of Strategy & Planning at Hang Seng Bank, ad... ( read original story ...)
Tencent and Hang Seng Bank form fintech partnership
Hang Seng Bank has formed a fintech alliance with e-commerce giant ... The agreement combines Hang Seng's network in Hong Kong with Tencent's technology expertise in areas such as AI, machine learning ... ( read original story ...)
Hong Kong: HANG SENG INDEX (.HSI) overtakes Japan as the world’s 2nd biggest economy
Investing at the Shanghai or Hong Kong stock exchanges proved profitable for a long ... Rex Takasugi – TD Profile HANG SENG INDEX closed up 55.721 at 26,506.750. Volume was 15% above average (neutral) ... ( read original story ...)
Hang Seng Bank inks cooperation deal with Tencent
The local bank is happy to collaborate with the Chinese tech giant to develop innovation and FinTech service and provide simple and faster service to Hong Kong and mainland customers, a Hang Seng s... ... ( read original story ...)
Hong Kong Hang Seng tumbles as trade and growth worries clobber investors
Headline shares of the Hong Kong market were lower on Monday ... financial officer and weak data on China's slowing economy. In afternoon trades, the Hang Seng Index fell 360.38 points or 1.4% to 25,7... ( read original story ...)