An EV maker and a unit of China’s real estate developer China Vanke Co. plunged in their trading debuts in Hong Kong, following IPOs that together raised more than $1.5 billion. Chinese ... ( read original story ...)
Alibaba, HSBC, Baidu lead Hong Kong stock rebound after China defends yuan and global stocks halt slump
The Hang Seng Index rose after China's central bank asked commercial banks to provide liquidity and warned against one-way bets on yuan depreciation A UK government bond purchase plan also buoyed ... ( read original story ...)
Wall Street titans to join Nov 2 summit in Hong Kong as COVID rules relaxed
The heads of some of the world's top banks and asset managers will attend an investment summit in Hong Kong on Nov. 2, the city's financial regulator said on Thursday, signalling a re-opening of the ... ( read original story ...)
UPDATE 1-Hong Kong’s global investment summit to take place Nov 2
The Hong Kong Monetary Authority (HKMA) said on Thursday its Global Financial Leaders' Investment Summit will take place on Nov. 2 with some of the world's top banking chief executives and asset ... ( read original story ...)
Hong Kong will host a gathering of global financial heavyweights in November. Here’s what to expect, HKMA’s chief executive says
Thirty CEOs of banks including Goldman Sachs, HSBC, Standard Chartered and UBS will attend the Global Financial Leaders' Forum on November 1 and 2 Blackstone president Jonathan Gray, Goldman chairman ... ( read original story ...)
Sun Life, Billionaire Cheng Eye Insurance Deal With Hong Kong’s Dah Sing, Sources Say
Canadian insurers Sun Life Financial Inc. and Manulife Financial Corp. are among companies considering bids for an insurance partnership with Hong Kong banking group Dah Sing Financial Holdings Ltd., ... ( read original story ...)
How Singapore and Hong Kong Stack Up as Financial Centers
Speculation that Hong Kong has been severely weakened by strict Covid policies and a shrinking workforce seemed to be reinforced by the latest Global Financial Centres Index, which showed Singapore ... ( read original story ...)
Hong Kong’s November financial summit gets the endorsement of global bankers, HKMA’s Yue says
Thirty CEOs of banks including Goldman Sachs, HSBC, Standard Chartered and UBS will attend the Global Financial Leaders' Forum on November 1 and 2 Blackstone's president Jonathan Gray, Goldman's ... ( read original story ...)
CALB Raises $1.3 Billion in Hong Kong IPO Priced at Bottom
CALB Co., a Chinese battery supplier for electric vehicle makers, has raised about HK$10.1 billion ($1.3 billion) after pricing its Hong Kong initial public offering at the bottom of its marketed ... ( read original story ...)
Hong Kong defends currency peg amid outflow of capital chasing US dollar assets
Ten major lenders - including the three note-issuing banks HSBC, Standard Chartered, and Bank of China (Hong Kong) - only increased their best lending rates last Friday or this week by 12.5 basis ... ( read original story ...)
Hong Kong’s Hang Seng slumps more than 3%, leading sharp falls in Asia session
Hong Kong stocks led sharp losses in Asia-Pacific markets after the S&P 500 set a new 2022 low overnight on Wall Street. The offshore and onshore Chinese yuan reached weakest levels since 2008 and the ... ( read original story ...)
CALB Is Said Poised to Price Hong Kong IPO at Bottom of Range
CALB Co., a Chinese battery supplier for electric vehicle makers, is telling prospective investors it plans to price its Hong Kong initial public offering at the bottom of its marketed range, ... ( read original story ...)
Hong Kong home prices fell in August to lowest since February 2019, unlikely to be boosted by ‘0+3’ quarantine relaxation
The prices of homes in Hong Kong fell by 2.26 per cent in August to their lowest level in three-and-a-half years, and are unlikely to get much support from the city’s reduced Covid-19 hotel quarantine ... ( read original story ...)
Leapmotor, Onewo IPOs undersubscribed in Hong Kong as stock investors get cold feet amid market sell-off
Hong Kong investors failed to fully subscribe for their local allocations in the two stock offerings as the Hang Seng Index slides to an 11-year low Some 35 of the 47 IPOs in Hong Kong this year have ... ( read original story ...)