Alibaba invests in Horizon Robotics' Hong Kong IPO. The Container Store, Beyond announce strategic partnership. Meta must face lawsuits saying it profited from youth social media addiction.
Horizon Robotics’ US$700 million IPO boosts Hong Kong’s market after Beijing’s stimulus
Hong Kong’s IPO market is experiencing a surge in activity, driven by Beijing’s stimulus measures and improved investor sentiment.
Alibaba, Baidu invest in Horizon Robotics’ Hong Kong IPO – report
Alibaba (BABA) and Baidu (BIDU) have emerged as cornerstone investors in Hong Kong's upcoming IPO Horizon Robotics. Read more on the announcement here.
Hong Kong pushes reforms to spark growth, cut liquor duties
Hong Kong's leader pledged on Wednesday to reform and revive the economy and financial markets, with moves including a big cut to liquor duties, while also seeking to improve dire living conditions ...
Hong Kong customs arrests 5 in crackdown on syndicate that laundered HK$1.6 billion
Bank manager, syndicate's allegedly leader, former compliance officer of money changer and two directors of shell companies apprehended A bank manager was among five men arrested by Hong Kong customs ...
HK hones its financial edge
Chief Executive John Lee unveils bold plans in his 2024 Policy Address for consolidating and enhancing Hong Kong’s status as an international financial centre.
Hong Kong policy address: maximum loans for all properties eased to 70%, big boost for higher-end homes
Hong Kong leader John Lee Ka-chiu will deliver his annual policy address at 11am on Wednesday. He has said his policy address will focus on reforms aimed at enhancing the city’s development and ...
Hong Kong to rename ‘virtual banks’ to ‘digital banks’
The bank will set-out new guidelines shortly. The Hong Kong Monetary Authority (HKMA) will proceed with amending its guidelines on virtual banks and rename them into digital banks. In an announcement, ...
HSBC probes its China Pinnacle wealth business; move could see layoffs, sources say
The bank is also looking at salary structures and probing whether suppliers inflated expenses. Read more at straitstimes.com.
Hong Kong court hits Russian bank with anti-suit injunction
The Hong Kong Court of First Instance has restrained a Russian state-owned bank from pursuing litigation in St Petersburg against its German subsidiary in defiance of an HKIAC arbitration clause.
Behind the scenes: Inside Midea’s mega Hong Kong IPO
In a deal that has reshaped Hong Kong’s IPO landscape, China’s home-appliance giant Midea successfully raised $4.6 billion in September, marking the city’s largest offering in years. From showcasing ...
As China Admits Economic Difficulties, Hong Kong Becomes Irreplaceable
Drew Bernstein, co-chair of MarcumAsia, explains why Hong Kong is showing signs of strength - which is essential to China's rebound.
China Resources Beverage seeks $650 million in Hong Kong’s largest IPO this year
By Scott Murdoch and Rishav Chatterjee (Reuters) -China Resources Beverage said on Tuesday it is aiming to raise as much as HK$5.04 billion ($650 million) in a Hong Kong listing, in what would be the ...
Hong Kong – Implementation Of First Phase Of Enhancement Measures Of Deposit Protection Scheme.
Hong Kong - Implementation Of First Phase Of Enhancement Measures Of Deposit Protection Scheme. Legal News and Analysis - Hong Kong - Banking & Finance - Conventus Law ...