Asian equities were mixed as the Hang Seng outperformed, gaining +1.31% led by internet stocks as the Hang Seng TECH Index gained +2.62%. ( read original story ...)
Hong Kong life insurance market value to exceed £73bn in next four years
Hong Kong’s life insurance market value has been pegged to soar over the next few years, driven by the pandemic-era trend to get one’s affairs in order. ( read original story ...)
Tracker Fund may replace State Street as manager to forestall risks to Hong Kong’s pensioners amid rising US-China tension
Hong Kong's Tracker Fund (TraHK) is poised to appoint a manager to replace State Street Global Advisors, a move aimed at mitigating the risk of letting the city's largest exchange-traded fund (ETF) ... ( read original story ...)
Private equity firm PAG seeks US$2 billion from listing as Hong Kong widens IPO market to SPACs, non-traditional firms
PAG has US$50 billion of assets under various investment strategies including credit, absolute return, real estate and buyout Co-founders to hold shares with 10 times more voting power over ordinary ... ( read original story ...)
Alibaba Rises Nearly 4%, While Tesla Rivals Nio, Xpeng Slip: What’s Weighing On Hong Kong Markets Today?
Shares of U.S.-listed Chinese tech companies traded mixed in Hong Kong on Monday, while the Hang Seng Index recovered after a weak start. Stock Movement (+/-) Tencent Holdings Limited (OTC: TCEHY) +3. ( read original story ...)
HSBC, Hong Kong’s biggest lender, records increased deposits, loans in first quarter despite temporary closure of branches
The lender's first-quarter personal loan drawdowns are expected to jump 50 per cent from a year ago, despite having up to 70 per cent of branches closed HSBC is among 20 major local banks that ... ( read original story ...)
Live: Hong Kong stocks begin marginally higher
Hong Kong stocks opened Monday morning with small gains following a hefty loss at the end of last week, though Shanghai fell after officials announce ... ( read original story ...)
Hong Kong has inevitably fallen into contraction in Q1 but confident in economic outlook: HK financial secretary
Hong Kong File photo. Hong Kong's economy is on course to contract in the first quarter of 2022, breaking a four-quarter run of recovery, but confidence in the economy remains, sa ... ( read original story ...)
Hong Kong finance chief expresses ‘firm confidence’ in city’s future despite predicted economic downturn in first quarter
Paul Chan predicts further rise in unemployment rate in first quarter of year Chan attributed economic contraction to a variety of factors, including fifth wave of coronavirus infections and ... ( read original story ...)
Covid-19: Hong Kong to halve flight-ban penalty to 7 days
Hong Kong reported 8,037 new COVID-19 infections on Sunday and 151 deaths, the second day in a row below 10,000 cases. ( read original story ...)
If HSBC can’t help you go elsewhere, says TONY HETHERINGTON
The problems started with the bank's 'safeguard' review. It is demanding to see documents that we do not have. The information requests seem endless. ( read original story ...)
Hong Kong police arrest 8 on suspicion of laundering HK$10 million in crime proceeds, producing fake banknotes
Hong Kong police have arrested eight people on suspicion of laundering more than HK$10 million (US$1.27 million) in crime proceeds from 30 fraud cases last year and producing fake banknotes. Police ... ( read original story ...)
Exclusive-HSBC Steps up Scrutiny of Russian Clients Worldwide as Sanctions Ratchet Up
HSBC is shunning prospective Russian clients and declining credit to some existing ones, two sources with knowledge of the matter told Reuters, as the bank seeks to shield itself from Western ... ( read original story ...)
Yacht Maker Ferretti Raises $243 Million in Hong Kong IPO
Italian luxury yacht maker Ferretti Group has priced its shares at HK$22.88 each, the lower end of its proposed range, to raise HK$1.9 billion ($242.75 million) in its Hong Kong initial public ... ( read original story ...)