The 27-year-old master's degree student was travelling home from Germany to northern China via Hong Kong and received a call from fraudsters when she was in the city She was asked to visit a ... ( read original story ...)
China Tourism Group Duty Free prices IPO at HK$158, raising US$2.1 billion in Hong Kong’s biggest deal this year
The world’s largest travel retailer by sales prices its Hong Kong IPO at HK$158 per share or total proceeds of US$2.1 billion in the city’s biggest deal this year. ( read original story ...)
Hong Kong’s GigaCloud sees stock rocket over 200% in wake of $36M US IPO
Hong Kong-based e-commerce services provider GigaCloud Technology (GCT) saw its shares rocket over 200% Friday, the day after it held a $36M initial public offering ... ( read original story ...)
Geely Said to Weigh Hong Kong IPO for Ride-Hailing Firm Cao Cao
Chinese carmaker Zhejiang Geely Holding Group is considering an initial public offering in Hong Kong for its ride-hailing firm Cao Cao Mobility, according to people familiar with the matter. A ... ( read original story ...)
China jails Canadian tycoon for 13 years for finance crimes
A Chinese-born Canadian tycoon who disappeared from Hong Kong in 2017 was sentenced Friday to 13 years in prison for a multibillion-dollar string of financial offenses and his company was fined $8.1 ... ( read original story ...)
Hong Kong stocks finish with small gains
Hong Kong stocks ended the week slightly higher as late bargain-buying dragged them out of negative territory, though traders remain concerned about ... ( read original story ...)
Hong Kong Home Prices Could Fall 10% After HSBC and StanChart Hike Rates
Hong Kong’s home prices could fall as much as 10% in the second half after two major banks raised mortgage rates for new homebuyers to the highest since 2008, according to Bloomberg Intelligence.Most ... ( read original story ...)
Calvin Choi: Hong Kong’s Most Controversial Banker
Some may view him as an auditing pioneer and investment banking legend. Others call him a marketer lacking substance and a fraudster. Few will describe him as plain. finews.asia takes a look at the ... ( read original story ...)
Hong Kong’s Bank of East Asia burned by China property loan losses
Bank of East Asia's bottom line plunged during the first half of the year, owing to a spike in impairment charges on loans to mainland China's struggling property sector. The major Hong Kong-based ... ( read original story ...)
China Tourism Group prices Hong Kong IPO at HK$158, raising US$2.1 billion
The world’s largest travel retailer by sales prices Hong Kong IPO at HK$158 per share, helping it raise US$2.1 billion in what amounts to the city’s top deal this year. ( read original story ...)
Trucpal Token seeks to be traded in the Hong Kong financial market in the future
(“HGC”), the issuer of Trucpal Tokens (“Trucpal”), officially announced its Global Partnership Program. Hong Kong Digital Asset Ex Limited (“HKbitEX”) became one of HGC’s first partners. Trucpal has ... ( read original story ...)
Ex-Hong Kong central banker Norman Chan says Greater Bay Area needs ‘capital connect’ to spur freer flow of funds
Newer and deeper connect schemes than Stock Connect, Bond Connect and Wealth Management Connect needed for development zone, former HKMA CEO says More needs to be done for the free movement of goods, ... ( read original story ...)
HSBC raises mortgage rate, dealing a blow to Hong Kong homeowners, with other banks set to follow suit
Someone taking on a 30-year, HK$5 million mortgage at a rate of Hibor+1.3 per cent, will pay an extra HK$1,324 per month The mortgage businesses of banks in Hong Kong are about to enter 'a cold winter ... ( read original story ...)
AMTD Digital parent behind 32,000% IPO under probe by HK regulator
Despite just US$25m full-year revenue, AMTD Digital's market capitalisation briefly surged above US$400b in early August. Read more at straitstimes.com. ( read original story ...)