After moving from January’s 31 st low of 15,485 to today’s 18,479, a breather was more than overdue. Q1 earnings season kicks off next week, with Alibaba and Tencent reporting next Tuesday morning.
CICC, Citic, JPMorgan Cut Investment Banking Jobs in China as Deals Stall
HONG KONG (Reuters) -Two Chinese companies and JPMorgan have become the latest banking groups to cut jobs in China as a slow recovery in listing and dealmaking activities force them to ramp up cost ...
Singapore biotech firm Mirxes refiles HK IPO with target valuation of US$600 million
Singapore biotech firm Mirxes has refiled its draft prospectus for a Hong Kong IPO, with a target to raise at least US$100 million ($135.28 million) for a valuation of some US$600 million.
Discovering Three Hong Kong Dividend Stocks With Yields Up To 8.3%
As global markets navigate through a mix of economic signals, with Hong Kong's Hang Seng Index recently witnessing a notable rise, investors are keenly watching the performance and potential of ...
Qatar, Hong Kong Seek To Bolster Investment Ties
This MoU signing is a follow-up from an earlier visit to Qatar by the Secretary for Financial Services and the Treasury, Christopher Hui, in 2023. Since then, Qatar leaders also visited Hong Kong ...
Hong Kong – Changes To The SFC’s Grant Scheme For Private Open-Ended Fund Companies.
Hong Kong - Changes To The SFC’s Grant Scheme For Private Open-Ended Fund Companies. Legal News and Analysis - Hong Kong - Capital Markets - ...
Morning Bid: RBA up next, Hang Seng eyes 11th rise
A look at the day ahead in Asian markets.Asian markets are rising on the back of a subdued dollar, lower U.S. bond yields and looser financial conditions that the more benign outlook for U.S. interest ...
A Tesla rival in China is eyeing a $5 billion IPO in the U.S.
Geely-owned Zeekr has officially moved to land on the New York Stock Exchange after months of discussions, making it the latest Chinese automaker to try and go public in the U.S.
Hong Kong Monetary Authority to host world-class financial forum again in November
Hong Kong will roll out the red carpet to hundreds of top global bankers and finance executives in November a high-level financial conference to be hosted by the Hong Kong Monetary Authority (HKMA).
HSBC HOLDINGS’ Shr Price in London Last Leaps ~3%, ~1% Ahead of Closing Price in HK
HSBC HOLDINGS (00005.HK)'s 1Q24 results were in line with expectations, and share buyback increased to US$3 billion. The Company said that Chief Executive Noel Quinn will retir... HSBC HOLDINGS (00005 ...
Hong Kong’s monetary authority to replace ‘virtual bank’ with ‘licensed digital bank’ to boost public confidence
The HKMA plans to replace the term ‘virtual bank’ with ‘licensed digital bank’ in reference to the city’s eight branchless lenders to remove negative connotations associated with the term in Chinese.
Hong Kong Exchange Fund reports US$7 billion gain in first quarter thanks to rise in overseas stock investments
Hong Kong’s Exchange Fund, the war chest used to defend the local currency, continued its comeback in the first quarter, posting a return of HK$54.3 billion (US$7 billion) as rising overseas stock ...
Hong Kong’s moribund IPO market seen revived by deals from innovative, ‘unbelievably huge’ China companies: Citi
Hong Kong’s IPO market is healing and investors are returning, drawn by a generation of innovative, little-known companies that will also provide a rich vein of investment banking business for years ...
HK economy keeping up its momentum: FS
Financial Secretary Paul Chan on Sunday said Hong Kong's economy was maintaining its momentum. Writing on his official blog, Chan said the city’s ...