Gateway Strategic Acquisition Co has cancelled its plan for a $200m listing in New York, according to a filing with the US regulator on Tuesday. The special purpose acquisition company (Spac) was ... ( read original story ...)
Bank of America bets on Singapore as Hong Kong curbs lead to ‘brain drain’
Bank of America is reportedly shifting some of its dealmakers from Hong Kong to Singapore, as Beijing’s touch stance of Covid-19 muddies the water in the ... ( read original story ...)
Goldman Sachs called out Morgan Stanley’s block trading to the Hong Kong securities regulator: report
Goldman Sachs alerted Hong Kong's SEC three years ago in an "informal" discussion about share price drops in a few locally listed companies, the FT reported. ( read original story ...)
Hong Kong stocks fall to five-week low as traders look to Xi at China forum for clues on economy, policy easing impetus
President Xi is due to deliver a speech at the Boao Forum, with traders struggling for clues on the state of the Chinese economy and policy easing impetus. ( read original story ...)
Explainer: China UnionPay, Russia’s potential payments backstop
Several Russian banks plan to issue payment cards that use the network of China UnionPay as well as that of home-grown payment system Mir, after Visa Inc and MasterCard Inc joined other Western firms ... ( read original story ...)
Hong Kong dollar plumbs to weak end of band as U.S. rates rise
Surging U.S. yields and a surfeit of cash in the local banking system have pushed the Hong Kong dollar to its weakest since late-2019, near levels at which the central bank might be forced to defend ... ( read original story ...)
Goldman Sachs Flagged Morgan Stanley Block Trades to Hong Kong Regulator – FT
Wall Street bank Goldman Sachs reported rival Morgan Stanley to Hong Kong's financial regulator over a series of block trades, or large sales of shares, the Financial Times reported on Thursday, ... ( read original story ...)
Soft Start Seen For Hong Kong Stock Market
The Hong Kong stock market has finished lower in two straight sessions, retreating more than 570 points or 2.5 percent along the way. The Hang Seng now rests just beneath the 20,950-point plateau and ... ( read original story ...)
FTI Consulting Enhances Financial Crime Compliance Offering in Asia with Two Senior Appointments
FTI Consulting, Inc. (NYSE: FCN) today announced the addition of Senior Managing Director Jackie Yu and Managing Director Lilian Sin to the firm’s Financial Crime Compliance practice within the ... ( read original story ...)
Mainland China’s Sunshine Insurance seeks US$2 billion listing in boost for Hong Kong’s flagging IPO market, sources say
Should it achieve the high end of its price target, it would be in a two-horse race for biggest IPO of 2022 with private equity firm PAG, which is also aiming for up to US$2 billion according to ... ( read original story ...)
JPMorgan Loses Lead Role in IPO After Note Branded China Tech ‘Uninvestable’
JPMorgan Chase & Co. was removed as the most senior underwriter for Kingsoft Cloud Holdings Ltd.’s Hong Kong stock offering after one of the bank’s analysts cut the share-price target for the Chinese ... ( read original story ...)
Stock Market LIVE Updates: Hong Kong stocks open lower
Hong Kong stocks opened in the red on Wednesday ... The Reserve Bank of India (RBI) has tightened norms for non-banking finance companies (NBFCs), barring them from lending to businesses that ... ( read original story ...)
Hong Kong’s Hang Seng index slips more than 2% as China tech stocks drop; dollar-yen goes above 128 level
Asia-Pacific stocks were mixed in Tuesday trade, with shares in Hong Kong leading losses regionally as the Hang Seng index fell nearly 2%. The People's Bank of China announced Monday it will increase ... ( read original story ...)
Markets Wait For PBOC, Internet Stocks Play Catch Up
There was a strong storm in NYC last night. The wind howled like a hurricane, waking me up several times. My patchy sleep was similar to Asian markets, which were mixed overnight. ( read original story ...)