Readers discuss the potential for the city's fintech sector to distinguish itself, and a way to help keep recession at bay Feel strongly about these letters, or any other aspects of the news? Share ...
Hang Seng Bank fined for HK$66.4 million over misconduct in selling investment products
Hong Kong regulators have imposed a HK$66.4 million fine on Hang Seng Bank for misconduct related to how it sold investment products between 2014 and 2023. The Securities and Futures Commission (SFC) ...
Ascentage raises $126m in first biotech IPO of 2025
Chinese biotech Ascentage Pharma has taken the first US biotech initial public offering (IPO) of 2025 over the finish line, raising $126 million for its pipeline of small-molecule cancer drugs.
Metsera eyes $289M IPO to fund phase 3 weight loss trial
Metsera has set its sights on a hefty $289 million IPO as the next-gen obesity biotech seeks to fund a phase 3 trial of its GLP-1 receptor agonist. | Metsera has set its sights on a hefty $289 million ...
Hong Kong’s SFC fines Hang Seng Bank US$8.5 million for misconduct
The SFC found that the bank had engaged in serious misconduct, including excessive fees and soliciting clients for frequent transactions.
Hong Kong regulator fines Hang Seng Bank $8.5 million for investment product sales misconduct
Hong Kong's securities regulator said on Monday it had fined Hang Seng Bank HK$66.4 million ($8.52 million) for overcharging its clients while selling investment products. The Securities and Futures ...
Hong Kong’s Exchange Fund reports fifth-best annual return despite fourth-quarter loss
The Exchange Fund, Hong Kong's financial war chest for defending the currency peg, reported a loss for the fourth quarter because of falling bond prices and a valuation loss on non-US dollar assets.
Hong Kong’s Property Distress Is Catching Up With City’s Banks
Distressed property sales in Hong Kong are beginning to bite banks that used to be well protected against loan losses. Most Read from BloombergWhat Happened to Hanging Out on the Street?Vienna ...
Hong Kong regulator fines Hang Seng Bank $8.5 mln for investment product sales misconduct
Hong Kong's securities regulator said on Monday it had fined Hang Seng Bank HK$66.4 million ($8.52 million) for overcharging its clients while selling investment products.
Tech stocks lead Hong Kong decline, ending 6-day winning streak
Hong Kong stocks fell, snapping a six-day winning streak on broad losses among technology companies as the US unveiled a major artificial intelligence (AI) initiative. The Hang Seng Index fell 1.6 ...
Hong Kong prepares for influx of listings from mainland China
Investment banks in Hong Kong are expecting a rush of listed Chinese companies, led by battery maker CATL, to set up a secondary listing in the offshore territory. These “A to H” listings — from China ...
Hong Kong’s cash-strapped Urban Renewal Authority to adjust pace of projects
Speed of redevelopments will be reviewed to improve authority’s financial position, while property companies will be given more information on projects ahead of tenders.
European fintech firms eyeing Hong Kong as Asia base, Paul Chan says
Finance minister has wrapped up Davos trip, says leading fintech players showing interest in expanding to Hong Kong.
This Hong Kong Newspaper Seller Is Preparing for a Yuan Crash
Currency traders looking for their next big idea could do worse than talk to Wong, who runs a news stand in Hong Kong’s Central District.Most Read from BloombergWhat Happened to Hanging Out on the ...