The property mogul once amassed a $12.2 billion fortune that made him the sixth-richest person in Hong Kong, and harbored dreams to build the tallest skyscraper in mainland China. But his plans are ... ( read original story ...)
As US IPO Market Languishes, Listings Head East to Booming China
The epicenter of global initial public offering activity has shifted east to China as waves of volatility and slumping stock markets have sent virtually all sizable listings in the US into limbo.Most ... ( read original story ...)
Hong Kong SPAC Market Wilts as Global Fever Ebbs
Only three Hong Kong SPACs have listed since the city launched a local program early this year, and all now trade below their listing prices U.S. SPACs have raised $12.5 billion so far this year, less ... ( read original story ...)
Hong Kong, China financial watchdogs to give Wealth Management Connect more muscle by adding products, increasing participation: Eddie Yue
Hong Kong is working with mainland Chinese authorities to enhance the one-year-old Wealth Management Connect scheme, the Hong Kong Monetary Authority’s CEO said on Friday. ( read original story ...)
Hong Kong consumer watchdog gets complaints over more than HK$100,000 in Crostini vouchers, with bakery chain among latest closures amid rent woes
Customers left with invalid coupons as bakery chain folds, citing end of government's rent-deferral scheme Chain owner says he has chalked up HK$80 million in bank loans to cover staff wages Dozens of ... ( read original story ...)
Hong Kong tycoon Richard Li’s insurance unit revives stalled IPO
Hong Kong insurer FWD Group Holdings, controlled by tycoon Richard Li, has revived a bid for an IPO on its home bourse after shelving plans for a U.S. listing last year. Documents filed with the Hong ... ( read original story ...)
AXA, HSBC introduce cover for Hong Kong domestic helpers
AXA Hong Kong and HSBC have partnered to introduce HelperShield Insurance, a product that provides protection to both employers and their domestic helpers. According to AXA and HSBC, the partnership ... ( read original story ...)
PCAOB Arrives In Hong Kong, EU Regulation Sends Solar Stocks Lower
Asian equities were mixed but mostly lower overnight as uncertainty surrounding US interest rates continues to pervade global markets. ( read original story ...)
Confirmed: Tencent Music to go public in Hong Kong without raising new funds
Tencent Music Entertainment has confirmed that it is launching a secondary listing in Hong Kong by way of introduction, meaning that the company will not raise new funds or issue new shares unlike in ... ( read original story ...)
HSBC, Standard Chartered, Citigroup and BlackRock are all expected to send top executives to Hong Kong’s financial summit. Here is why
The in-person meeting will be the biggest gathering of financial executives in the city since the Covid-19 pandemic was first reported in 2020 All attendees will need to quarantine under the current ... ( read original story ...)
Hong Kong’s Consumer Council receives 330 complaints about credit card offers in first 8 months of 2022, double last year’s number
Complaints include welcome gifts delayed and not being entitled to the expected benefits for online purchases. ( read original story ...)
Hang Seng Bank (OTCMKTS:HSNGY) Stock Price Crosses Below 50 Day Moving Average of $16.17
Hang Seng Bank Limited (OTCMKTS:HSNGY – Get Rating)’s share price passed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $16.17 and traded as low ... ( read original story ...)
Hong Kong tycoon Jimmy Lai’s global legal team urges US to pressure China at UN
They are calling Western governments to make Lai's upcoming national security trial a foreign policy priority. Read more at straitstimes.com. ( read original story ...)
Hong Kong wins banker commitments to push ahead with summit
TOP executives from about 20 leading global firms have committed to flying in for Hong Kong’s financial summit, even as quarantine rules threaten to damp turnout at a conference designed to restore ... ( read original story ...)