The Hong Kong Monetary Authority cut its base interest rate for the first time since 2020 after the Federal Reserve eased policy, in a move that should help loosen borrowing conditions in the ...
HK Govt to Announce Details of New Batch of Silver Bonds at 3 pm w/ Guaranteed Interest Rate Expected to be ~4%
The Hong Kong government announced that a press conference on the silver bonds will be held at 3 pm today (10th), and will be chaired by the Secretary for Financial Services and th... The Hong Kong ...
Midea sees its stock soar after US$4bil IPO
Shares in Chinese electronic appliance maker Midea surged more than 9% on its Hong Kong debut yesterday, having raised around US$4bil in the city’s biggest initial public offering (IPO) for more than three years.
Shares in Midea, one of the world’s largest sellers of home appliances, surge in Hong Kong after city’s largest IPO in 3 years
Midea’s IPO has eclipsed the combined valuation of all of Hong Kong’s new listings so far this year, and is the city’s largest since JD Logistics and Kuaishou Technology in the first half of 2021. The Foshan-based company last week expanded the ...
China’s IPO and M&A Bankers Start to Regain Their Swagger
Hi it’s Ben Scent in London and Manuel Baigorri in Hong Kong, looking at the signs of deals revival in China. Also today, DSV is finally confirmed as the winner for Deutsche Bahn’s logistics unit and NFL owners court private equity investors.
HK Govt to Announce Details of New Batch of Silver Bonds at 3 PM
It is expected that the details of the new batch of Silver Bonds will be discussed. HSBC and Bank of China (Hong Kong) are the co-arrangers for this issuance.
All You Need to Know About BOC Hong Kong (BHKLY) Rating Upgrade to Buy
BOC Hong Kong Ltd. (BHKLY) could be a solid choice for investors given its recent upgrade to a Zacks Rank #2 (Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting ...
{Hot Stocks}HANG SENG BANK(00011) quoted at HK$92.9, up 3.1%
[ET Net News Agency, 17 September 2024] HANG SENG BANK (00011) rose 3.1% to HK$92.9, breaking above the 250-D SMA of HK$90.343. It hits an intra-day high of HK$92.9, and an intra-day low of HK$90.15.
{Hot Stocks}CM BANK(03968) quoted at HK$30.35, up 3.1%
[ET Net News Agency, 17 September 2024] CM BANK (03968) rose 3.1% to HK$30.35, breaking above the 250-D SMA of HK$29.663. It hits an intra-day high of HK$30.35, and an intra-day low of HK$29.25. The ...
Hong Kong prepares AI guidelines for finance sector
The Hong Kong government will reportedly issue policies for the finance sector around the use of artificial intelligence by the end of October. By introducing new policies, Hong Kong authorities aim ...
Saudi ETFs Tracking HK Shares Seen Raising Nearly $1 Billion
Two Saudi Arabian investment firms are set to launch exchange traded funds that will be the country’s first to track Hong Kong shares and are expected to raise close to $1 billion, offering the latest ...
Hong Kong to launch AI regulations for financial markets in push for web3 leadership
Hong Kong is set to unveil new AI guidelines for the finance sector as part of its strategy to establish itself as a global leader in the Web3 and cryptocurrency space.
Hong Kong Set to Release AI Policies for Finance Sector in October
Hong Kong to release AI finance policies in October, aiming to regulate AI in finance while maintaining its financial hub status.
Hong Kong Mulls Rules on AI Use in Finance as Tech Firms Retreat
The Hong Kong government is preparing to issue its maiden policy statement on the use of artificial intelligence in finance, according to people familiar with the matter, a move that could catalyze ...