Asian markets follow an overnight sell-off abroad as weak US manufacturing data and a surge in the Japanese yen spook investors.
ZA Bank becomes Hong Kong’s first virtual lender to report a monthly profit
its first after nearly four years of operations ZA Bank, Hong Kong's largest virtual lender, has become the first among the eight online-only banks to make a monthly net profit since launching in 2020 ...
Alibaba Subsidiary Takes Majority Stake in Ant Group’s Bank Macao In Strategic Move to Enhance Digital Payment Services
Alibaba Group Holding (NYSE:BABA) backed Hong Kong lottery firm AGTech Holdings snapped a majority stake at Ant Group’s digital unit Bank Macao for $30.26 million. Now AGTech owns a 51.5% stake in ...
Hong Kong stocks trade near 2-week low as deteriorating earnings weigh on sentiment
Hong Kong stocks traded close to a two-week low as investors digested weak corporate earnings amid a slowdown in China’s growth. The Hang Seng Index dropped 0.4 per cent to 17,627.01 at the noon break ...
HSBC’s New CEO Tells Staff to Keep an Eye on Costs in Town Hall
HSBC Holdings Plc’s new chief Georges Elhedery emphasized cost discipline at his first town hall in Hong Kong as Europe’s largest lender seeks to keep expenses in check.
{Hot Stocks}BANK OF CHINA quoted at HK$3.39, down 3.1%
[ET Net News Agency, 3 September 2024] BANK OF CHINA (03988) fell 3.1% to HK$3.39, dipping below the 100-D SMA of HK$3.441. It hits an intra-day low of HK$3.39, and an intra-day high of HK$3.51. The ...
China, Hong Kong shares fall, dragged by banks and energy
Most of China and Hong Kong's benchmark stock indexes fell on Tuesday, dragged by banking and energy stocks, while investors digested disappointing China August manufacturing activity data. With ...
{Hot Stocks}CM BANK(03968) quoted at HK$31.25, down 3%
[ET Net News Agency, 3 September 2024] CM BANK (03968) fell 3% to HK$31.25. It hits an intra-day low of HK$31.2, and an intra-day high of HK$32.45. The total shares traded was 8.12 million, with a ...
Hong Kong stocks trade near two-week low as deteriorating earnings weigh on sentiment
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 ...