Industrial profit for Chinese firms recorded the first gain this year in August, according to the statistics bureau Alibaba Group rallied after its logistic unit Cainiao applied for an initial public offering in Hong Kong Hong Kong's major stock index ...
Ex-Morgan Stanley bankers win coveted role on Hong Kong IPO of Alibaba unit Cainiao
Ampere Partners, a boutique Hong Kong-based firm founded by former Morgan Stanley deal makers Crawford Jamieson and Daniel Wetstein, will act as financial adviser on the deal, which could raise US$1 ...
Hong Kong’s lived-in home prices decline in August for the fourth straight month, as elevated interest rates and high inventory levels weigh
Hong Kong’s lived-in home prices declined for a fourth straight month in August, and the easing trend is seen continuing for the rest of the year given the elevated interest-rate environment and high ...
Haitong Securities Considers Taking Hong Kong Unit Private, Sources Say
Haitong Securities Co. is mulling to take private its Hong Kong-listed investment banking unit, people familiar with the matter said, as it seeks to gain full control to turn around the loss-making ...
Hong Kong Struggles with Generative AI Amidst Copyrights & Legal Concerns
This suggests that while the general public is eager to embrace AI, businesses remain skeptical due to murky legal waters.
Hong Kong’s crypto love meets its match – The details
A once radiant star in Hong Kong’s financial skies, cryptocurrency group JPEX painted the town teal-and-white. From dominating billboards in the financial district to owning ad spaces on taxis and ...
SFC puts small Hong Kong crypto exchanges under glare of public scrutiny as they pursue virtual asset licences
HKVAX, HKbitEX, Hong Kong BGE and Victory Fintech all tout their commitment to operating in accordance with crypto regulations The exchanges are just a few years old, with two owned by publicly-listed ...
As China stocks slide, trading sinks amid US$955 billion market wipeout in Hong Kong, Shanghai and Shenzhen
Traded volume in Hong Kong's stock market slumped to a one-year low on September 20, or 38 per cent below the average in the first half Some US$955 billion has been erased from stock capitalisation in ...
Crypto Blowup in Hong Kong Tests Its Embrace of Retail Trading
The footage was beamed out to television viewers across Hong Kong early last week: a young man dressed in a black polo shirt, navy blazer and gray trousers being led out by police from an office tower ...
China’s gold imports via Hong Kong bounce back in August
China's gold imports via Hong Kong rebounded in August from the previous month, data showed on Tuesday, with the issuance of fresh quotas to local banks likely to boost shipments into the world's top ...
Alibaba’s logistics arm, Cainiao, to file for Hong Kong IPO
Cainiao Network Technology Co, the logistics subsidiary of Alibaba (NYSE:BABA) Group Holding Ltd, is expected to file for its initial public offering (IPO) in Hong Kong as early as next week, according to sources close to the matter. The move could ...
Hong Kong’s Resurgence Powered by Middle East Connections
Thanks to their key locations, a plethora of natural resources and progressive initiatives, like the UAE's NextGen FDI and Saudi Arabia's Vision 2030 economic diversification plan, Hong Kong’s Gulf ...
China’s Alibaba kicks off restructuring with plan to list logistics arm in Hong Kong
Alibaba Group on Tuesday kicked off its restructuring with a plan to list its logistics arm Cainiao in Hong Kong that would make the unit the first to be separated since the Chinese e-commerce giant ...
Hong Kong seeks swift downgrades and provisioning to ensure adequately regulated banks and secure market confidence: panel
Hong Kong is in the process of reinventing itself with authorities pushing for “swift downgrades and swift provisioning” to ensure the banking sector is adequately regulated to ensure market ...