Although Hang Seng is only number four in the market, with a 7% market share of deposits versus 33% for HSBC, 16% for Bank of China Hong Kong, and 12% for Standard Chartered, its cost/income ratio ...
China Market Update: US Pessimism Vs. Hong Kong Optimism, China’s “There Is No Alternative” (TINA) Moment
Asian equities were largely lower, as Taiwan underperformed following ASML’s earnings miss yesterday, while Thailand and Indonesia managed to outperform.
China’s Horizon Robotics seeks $696 million in Hong Kong IPO
Chinese firm Horizon Robotics is aiming to raise up to $696 million in a Hong Kong initial public offering (IPO) as the city's listings market shows signs of renewed activity after a year-long slump.
Soy-sauce producer Haitian plans to raise US$1.5 billion in Hong Kong IPO, sources say
The Guangdong-based company is in talks with advisers on a potential share sale in the Asian financial hub and a listing could happen in the first half of next year.
Wall Street Breakfast Podcast: Alibaba, Baidu Back Horizon Robotics’ Hong Kong IPO
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.