In decades-old practice, the Hong Kong stock market and all of the city's 1,100 bank branches shut down during severe weather. But now the Hong Kong government is urging the local bourse to remain ...
China’s Wuxi XDC to Debut in Hong Kong After IPO Priced at Top
A Chinese maker of drugs used in cancer treatments, WuXi XDC Cayman Inc., will start trading in Hong Kong after an initial public offering priced at the top of a marketed range, a rare case of strong ...
Mild Consolidation Called For Hong Kong Shares
The Hong Kong stock market has alternated between positive and negative finishes through the last four trading days since the end of ...
Hong Kong Exchange Fund rebounds from record loss with US$14.22 billion return in first 9 months
The war chest used to defend Hong Kong’s currency posted a third quarter loss but still reported a strong returns in the first nine months of 2023 as robust performance in the bond market offset ...
185 Hongkongers tricked into buying ‘stocks picked by feng shui masters’ lose HK$100 million in as little as a week
Police urge public to be vigilant as scammers impersonate feng shui masters on WhatsApp groups to lure victims.
Alibaba Beats But Cloud IPO Pulled
Hong Kong was hit with profit-taking, led lower by growth stocks/sectors as neither the Biden-Xi summit nor strong/better-than-expected results from Tencent and JD.com inspired buyers. Hong Kong’s ...
HK home prices to fall by 10 percent in 2024: UBS
Hong Kong home prices are likely to fall by another 10 percent by the end of next year as high interest rates continue to weigh on the market, according to UBS. The bank on Thursday forecast that the ...
Hong Kong stocks slip as mainland Chinese funds sell into rally amid concerns about weak Tencent and tech earnings
Hong Kong stocks slipped as mainland Chinese funds took advantage of the market rally before the nation’s biggest tech companies report their earnings with Tencent signalling a weak trend. The first ...
WuXi XDC sets its Hong Kong IPO price at high end of range
A unit of Chinese contract drugmaker Wuxi Biologics set its initial public offering price at the top end of its guided range, indicating strong demand in a choppy year for listings in Hong Kong. The ...
Hong Kong finance chief vows to seize Apec opportunity to lure more US firms, dispel ‘negative narratives’ about city
Paul Chan says he’ll encourage US firms to realise city’s development potential, especially in AI, big data analytics, biotech, fintech and advanced manufacturing.
WuXi XDC Sets IPO Price at Top of End of Range
A unit of Chinese contract drugmaker Wuxi Biologics set its initial public offering price at the top end of its guided range, indicating strong demand in a choppy year for listings in Hong Kong.
China, Hong Kong shares jump on softer US inflation, fresh stimulus
Chinese stocks rebounded on Wednesday and Hong Kong shares surged as traders cheered cooling U.S. inflation data, which is likely to bring an end to the Federal Reserve's rate hikes. Investor ...
China self driving firm iMotion aims to launch $100 mln Hong Kong IPO this month – sources
Chinese self-driving firm iMotion Automotive Technology is aiming to raise $100 million in its Hong Kong initial public offering (IPO) due to launch in the last week of November, according to two ...
Investment: Don’t write off Hong Kong just yet
Hong Kong’s latest Global Financial Leaders’ investment summit, a three-day shindig that started on November 6, was quite an affair.