Letting members move their full portfolios to new providers would promote proactive management and competition, official says.
New World Development’s Shares Tumble After It Defers Interest Payments
Shares of Hong Kong property developer New World Development tumbled after it said late Friday that it plans to defer interest payments on four of its perpetual securities. Its shares fell 7.5% to ...
Visa launches Click to Pay in Hong Kong with ZA Bank, the first issuing bank in Asia Pacific
Visa, a global leader in digital payments, today announced a significant advancement that will transform the eCommerce experience. Hong Kong's first and ...
HSBC HOLDINGS Repurchases Total ~4.6M Shrs Last Fri, Involving HKD424M
HSBC HOLDINGS (00005.HK) announced that it repurchased a total of 4.5979 million shares in the UK and Hong Kong markets last Friday (May 30), involving a total of HKD424 million. Among them, HSBC ...
Stephen Roach Now Says It’s Too Early to Declare Hong Kong Over
Stephen Roach is revising his declaration that Hong Kong is finished. The former Morgan Stanley Asia chairman said the city is being reinvigorated by US-China tensions, something he didn’t anticipate ...
China robotaxis, Indian pharma among hedge fund top picks at Sohn Hong Kong
Hedge funds revealed their top investment ideas, ranging from Chinese self-driving taxis, an Indian drug retailer, to a Korean nuclear plant builder, at the annual Sohn investment conference in Hong ...
‘Credible’ new global mediation body will draw investors to Hong Kong: Paul Chan
Finance chief says ‘fair’ dispute resolution mechanism will boost city’s appeal, especially to developing nations, as global economy shifts eastward.
SHEIN Ditches London IPO? Why the Fast Fashion Giant Is Now Eyeing Hong Kong Instead
Despite receiving the green light from the UK's Financial Conduct Authority, SHEIN encountered delays with the China Securities Regulatory Commission.
Chinese listing spree sparks revival hopes in Hong Kong stocks
The Hong Kong benchmark now trades at 10.3 times forward earnings estimates, above a three-year average ratio at around nine ...
U.S. IPO Weekly Recap: 1 IPO And 4 SPACs List To Close Out May
Street research is expected for two companies in the week ahead, and five lock-up periods will be expiring.
Shein IPO Turns Toward Hong Kong Amid Reports London Float Stalled
First it was New York, then London, but reports this morning suggest that Hong Kong might be where the Shein IPO finally lands amid ongoing regulatory roadblocks.
Hong Kong regains favour as investors turn to mainland China and yuan: Deutsche Bank
Yuan internationalisation, global expansion plans of Chinese firms drive a resurgence in the city's importance, a senior executive says Hong Kong's corporate activity and yuan-driven business have ...
HSBC Retreats From Banking Smaller U.S. Businesses
HSBC is disbanding a division that serves small and medium-size companies in the U.S., part of a push to focus on markets where it has an edge.
Hong Kong’s New World defers coupon payments on perpetual bonds
(Reuters) -Hong Kong property developer New World Development said on Friday it would defer coupon payments scheduled for June on perpetual bonds, casting further liquidity concerns for the ...