The new policies relaxed cross-border payment rules between the 11 cities of the Greater Bay Area to make it easier for the residents of Hong Kong and Macau to buy homes in southern China.
Hong Kong stocks set for third winning day as China signals more support after US$140 billion liquidity plan to lift confidence
Stocks advance for a third day, helping the market recoup at least US$208 billion of value since the plunge on Monday. The rout has now galvanised Chinese authorities to act and overcome jitters among ...
China and Hong Kong Broaden Investment and Financing Links
Hong Kong announced several measures to deepen financial links with China — including facilitating real estate purchases and expanding the Wealth Connect program — to further integrate the city with ...
WuXi XDC, hot off $520M IPO, inks antibody-drug conjugate deal with Celltrion
With that offering, WuXi XDC said it expected to reel in proceeds of around $4.07 billion Hong Kong dollars (about $521 million). Earlier that same month, WuXi XDC said much of what it reaped from its ...
HSBC HOLDINGS Buys back 6M+ Shrs in Total for HKD354M Ytd
HSBC HOLDINGS (00005.HK) announced that it repurchased 6.0023 million shares of the company in total yesterday (16th) in the UK and Hong Kong markets, involving a total of HKD354 m... HSBC HOLDINGS ...
Chinese surimi maker’s shares sink 15% on Hong Kong IPO plan
The share price of China's largest surimi maker crumbled 15% after the company announced plans to list on the Hong Kong stock exchange, after a spate of derailed ...
China, Hong Kong Broaden Investment and Financing Links
Hong Kong announced several measures to deepen financial links — including facilitating mainland real estate purchases and expanding the Wealth Connect program — with China to further integrate the ...
Hong Kong finance sector on pace in AI deployment, with data availability, security and skills gap among concerns: survey
Data availability and cybersecurity represent major challenges to the use of artificial intelligence (AI) in financial services, according to more than 60 per cent of Hong Kong financial professionals ...
Hong Kong Stocks Bounce After PBOC Announces RRR Cut, China Up
Hong Kong shares of Alibaba surged 7.3% to their highest since Jan. 4, after the New York Times reported co-founder Jack Ma and Chairman Joe Tsai bought shares worth millions of dollars in the Chinese ...
Hong Kong Stocks Surge After China Says It Will Cut Banks’ Reserve Ratio
Hong Kong shares rallied, gaining for a second day, after China’s central bank said it would cut the amount banks need to hold in reserve. Pan Gongsheng, governor of the People’s Bank of China, said ...
Hong Kong Stocks End More Than 3% Higher
Hong Kong stocks jumped for a second successive day Wednesday after news that Alibaba's co-founders had bought a huge stake in the market heavyweight, while China said it would cut the amount of cash ...
Hong Kong stocks advance as Alibaba jumps 4% on insider buying while Tencent, NetEase, BYD gain on China support
Hong Kong stocks rose for a second day to a one-week high, fuelled by the biggest gain in Alibaba Group in two months, amid speculation about corporate insider buying. China’s securities regulator ...
Resuscitating Hong Kong’s stock exchange
Turkey’s parliament has voted in favour of Sweden joining Nato and Arab nations are about to unveil a peace plan for Israel and Hamas. Plus, the FT’s Kaye Wiggins explains whether a leadership change ...
China Economy: Hong Kong is facing a repeat of 1998 Asia financial crisis
A year ago, Hong Kong’s finance industry was hoping that a China reopening would unleash pent-up consumer demand and bring deals and prosperity to the city. There is no such illusion left. As the Hang ...