UBTech Robotics Corp. Ltd., a loss-making developer of artificial intelligence-powered humanoid robots, has filed for a Hong Kong IPO in a renewed effort to seek more funding to finance its expansion ...
Hong Kong Offers 500,000 Free Flights After Covid Isolation
Hong Kong is ready to welcome the world back, its leader said Thursday, pledging more than half a million free flights and positive publicity to resurrect the once-vibrant global hub after three years ...
Hong Kong’s banks keep loan costs steady after quarter-point rate hike, offering respite to city’s slumping economy
Six major lenders, including HSBC, Hang Seng Bank, Citibank and Standard Chartered, said they would keep the loan rate for their best clients unchanged Hours earlier, Hong Kong's monetary authority ...
Hong Kong’s cenbank raises interest rate after Fed hike, HSBC keeps rate unchanged
The Hong Kong Monetary Authority (HKMA) raised its base rate charged through the overnight discount window by 25 basis points to 5.0% on Thursday, hours after the U.S. Federal Reserve delivered a rate ...
HSBC to leave unchanged best lending rate in
HSBC Holdings said on Thursday it was leaving its best lending rate in Hong Kong unchanged at 5.625%, despite a raise by the city’s de facto central bank in the base rate charged through its overnight ...
HSBC leads banks in keeping loan cost steady after Hong Kong’s 25-pip rate hike to offer relief to city’s slumping economy
The slower pace could bring some much-needed respite for Hong Kong's economy, which is trying to grow its way out of recession The slower increase, done in lockstep with the Federal Reserve, came ...
Govt: Hong Kong economy shrank 3.5pc in 2022
Hong Kong's economy shrank by 3.5 per cent in 2022, with exports plunging and the city's worst-ever coronavirus outbreak battering businesses, ...
China’s Proposed IPO Overhaul Comes With Restrictions
China’s planned easing of rules for initial public offerings across all its exchanges comes with restrictions telling bankers that some firms will need to seek special permission to sell shares.
HSBC Reiterates “Buy” Rating on Fosun and Raises Target Price to HK$11.50
HONG KONG SAR - Media OutReach - 2 February 2023 - On 30 January 2023, HSBC Global Research ("HSBC") published a report pointing out that Fosun International Limited ("Fosun International" or the ...
Hong Kong raises base rate at the slowest pace since May 2022, offering relief to city’s slumping economy as US inflationary pressure eases
The slower pace could bring some much-needed respite for Hong Kong's economy, which is trying to grow its way out of recession The slower increase, done in lockstep with the Federal Reserve, came ...
Hong Kong economy shrinks worse-than-expected 3.5 per cent in 2022 on weak external demand, advance figures show
Domestic demand slackened, dragged initially by Hong Kong’s fifth wave of Covid-19 cases and subsequently by tightened financial conditions, the spokesman said. “Looking ahead, the Hong Kong economy ...
Hong Kong’s Q4 GDP down 4.2% y/y, 4th quarter of contraction
Hong Kong's economy contracted by 4.2% in the fourth quarter from a year earlier, advance government data showed on Wednesday, shrinking for the fourth consecutive quarter as exports were hampered by ...
Hong Kong Based Brokerage Grandbay Capital Expects IPO Market To Pick Up In 2023
Grandbay Capital expect investors to have more IPO options to choose from this year, after a lean 2022. CENTRAL, HONG KONG, January 29, 2023 /einpresswire.com / -- Director of Institutional ...
Higher Open Called For Hong Kong Shares
The Hong Kong stock market has moved lower in consecutive trading days, tumbling more than 840 points or 4 percent along the way. The ...