Hong Kong stocks fell to the lowest in almost two weeks on concerns that corporate earnings are worsening amid the slowdown in China’s growth. The Hang Seng Index dropped 0.4 per cent to 17,620.34 as ...
HK-listed firm to buy 26.8% of Cabangon-led CityState
A Hong Kong-listed holding firm is set to acquire a significant stake in CityState Savings Bank Inc. via a P735.9-million share purchase deal, valuing the Cabangon-led bank at around P2.75 billion. In ...
IDA, a Hong Kong-based Fiat-referenced Stablecoin Issuer, Raised USD6 Million Seed Round Led by CMCC Global and Hashed
IDA, a premier Hong Kong-based digital asset company, has raised USD6 million in a seed funding round led by prominent blockchain investors CMCC Global, under its Titan Fund, and Hashed. This capital ...
Crypto Firm IDA Raises $6M to Launch New Stablecoin HKDA in Hong Kong
IDA has completed a $6 million seed funding round to support the development and launch of its first stablecoin HKDA in Hong Kong.
HSBC new CEO Elhedery ‘committed’ to build on current strategy
HSBC's new chief executive Georges Elhedery, who took the helm at the Europe's largest lender on Monday, said he was committed to build on the bank's current strategy, according to an internal staff ...
Hong Kong developer suffers historic loss in wake of Xi Jinping crackdown
One of Hong Kong’s biggest developers is bracing for its first loss in two decades, as President Xi Jinping’s crackdown on China’s property market and an exodus of Western businesses batter the sector ...
Hong Kong’s Chan Aims to Draw More Australian Firms With Visit
(Bloomberg) -- Hong Kong Financial Secretary Paul Chan aims to attract more Australian companies to the city during his visit to Sydney and Melbourne this week. Most Read from Bloomberg A Guide to ...
Hong Kong’s New World Development warns of huge annual loss amid property slump
Hong Kong property developer New World Development (OTCPK:NDVLY), controlled by billionaire Henry Cheng's family, has warned of a huge annual loss amid a prolonged downturn in the region's real estate ...
HSBC’s Elhedery mingles with Hong Kong staff, customers to get first-hand experience
The global CEO visited two premier branches, where the staff walked him through the customer service and showed him the various digital solutions.
Undiscovered Gems in Hong Kong Featuring Dah Sing Banking Group and 2 Promising Small Caps
As the Hong Kong market navigates a complex landscape influenced by global economic indicators and local investor sentiment, small-cap stocks have shown resilience and potential for growth. Amidst ...
CSC Holdings to buy stake in CS Bank of the Philippines for US$13 million
Hong Kong-listed CSC Holdings, chaired by former Hang Seng Bank CEO Raymond Or Ching-fai, will buy a stake in CS Bank of the Philippines for US$13 million.
Top Hong Kong insurer HSBC Life targets Asia’s rich, Greater Bay Area retirees for growth
Key growth areas are the wealth hubs of Hong Kong and Singapore, alongside the emerging wealth markets of mainland China and India, CEO Moncreiffe says HSBC Life, Hong Kong's largest insurer by sales, ...
HSBC HOLDINGS (00005.HK) Buys Back 7.03M Shrs for $482M in Total Last Fri
HSBC HOLDINGS (00005.HK) announced that it repurchased a total of 7.0349 million shares on the UK and Hong Kong markets last Friday (30 August), involving a total of $482 million. Among them, HSBC ...
Shares in Hong Kong’s New World Development plunge after $2.6 billion loss estimate
HONG KONG (Reuters) -Shares of New World Development, a major Hong Kong property developer, plunged 14% after it estimated a net loss of as much as HK$20 billion ($2.6 billion) for the financial year ...