The Hong Kong Monetary Authority raised its benchmark interest rate by 25 basis points, after the U.S. Federal Reserve did the same. Most Read from Bloomberg7.4 Magnitude Quake Hits North Japan, ... ( read original story ...)
Animoca Brands welcomes banking giant HSBC into The Sandbox
The financial giant’s involvement is expected to open the door for other global institutions to continue innovating in Web3 as ... ( read original story ...)
Charts suggest the Nasdaq-100, S&P 500 and Hong Kong’s Hang Seng Index could be days away from bottoming, Jim Cramer says
The "Mad Money" host used legendary chartist Tom DeMark's 13-session countdown pattern to explain why the Nasdaq-100 and S&P 500 could be days away from finding a bottom. ( read original story ...)
EQT Continues Its Post-IPO Expansion With A $7.5 Billion Deal For An Asian Private Equity Power
EQT is already one of the biggest private equity firms in Europe. Now, it will try to conquer another continent. The Swedish investor agreed today to acquire Baring Private Equity Asia for $7.5 ... ( read original story ...)
Hong Kong Legco approves HK$270.4 billion provisional funding request, some lawmakers say amount ‘very high’
Secretary for Financial Services and the Treasury Christopher Hui Ching-yu says funding will keep government afloat in the interim. ( read original story ...)
Hong Kong’s flagship bank HSBC heads into The Sandbox metaverse
HSBC, a leading global banking and financial services provider, announced a partnership with blockchain gaming platform The Sandbox, in a statement released on Wednesday, to build its presence in the ... ( read original story ...)
Hong Kong can take advantage of any ‘mass delisting’ of Chinese firms in US, Financial Secretary Paul Chan says
If Chinese firms chose Hong Kong as a listing venue to hedge against the risk of being delisted from US exchanges, the city could capture ‘at least 90 per cent’ of their market capitalisation, Chan ... ( read original story ...)
Hong Kong’s Hang Seng Index recovers lost ground with record gain amid financial stability pledge
Hong Kong's Hang Seng Index closed 9.08 percent higher on Wednesday to ascend to 20,087.5 points after hitting a new low in nearly a decade, as the authorities reassured investors that the financial ... ( read original story ...)
Hong Kong can take advantage of ‘mass delisting’ of Chinese firms in US, Financial Secretary Paul Chan says
Hong Kong could capture 'at least 90 per cent' of delisted Chinese firms' market capitalisation, Chan tells Post seminar Several New York-listed Chinese companies have been tipped for secondary ... ( read original story ...)
Hong Kong stocks leap as Alibaba, Tencent, and Meituan rocket over 20% after China pledges to keep markets stable
Stocks in Hong Kong and China leaped on Wednesday after Beijing vowed to keep capital markets stable and said it supported foreign listings. Chinese Vice Premier Liu He promised policies that would ... ( read original story ...)
Global shares rise, Hong Kong up on Chinese economic support
Global shares rose Wednesday, led by a 9% surge in Hong Kong’s benchmark after Chinese leaders promised more support for the slowing Chinese economy, while investors awaited the outcome of a meeting ... ( read original story ...)
How much corruption is there at UBS Bank (in Hong Kong)
I have been a wealth management client of UBS bank in Hong Kong for many years. However, my experience with the wealth and portfolio managers of the bank that were handling my account was very bad. ( read original story ...)
New Spac jumps on HK IPO bandwagon
Acquisition Corp filed paperwork for a Hong Kong listing on Tuesday, shortly after the city saw its first special purpose acquisition company (Spac) launch an IPO. A SPAC, the ninth so-called blank ... ( read original story ...)
China says it will support Chinese IPOs abroad, calls for closure on tech crackdown
China signaled support for Chinese stocks on Wednesday, after days of worries about U.S. delisting risks had sent the stocks plunging in New York and Hong Kong. ( read original story ...)