There were also notable gains for Bank of China Hong Kong Holdings, which added up to 6.3 per cent, and Ping’An Insurance, which gained 3.6 per cent. Brent crude, the international oil benchmark, fell ... ( read original story ...)
Didi reportedly to cut 20% of headcount ahead of HK IPO
The board has also authorised the company to pursue a listing of its class A ordinary shares on the main board of the Hong Kong Stock Exchange." Didi had its IPO on 30 June 2021 in the US but soon ... ( read original story ...)
No big bang for China-into-US IPOs
In China, companies that are still persevering in the equity capital markets are playing it safe and sticking to the Mainland or Hong Kong stock exchanges. But even IPOs that are making it through ... ( read original story ...)
Hang Seng Poised To Halt Losing Streak
The Hang Seng Index now sits just above the 24,355 ... Henderson Land rose 0.29 percent, Hong Kong & China Gas gained 0.33 percent, Industrial and Commercial Bank of China tanked 2.66 percent, Li Ning ... ( read original story ...)
China’s Xi says Hong Kong needs to stabilise and control COVID surge -media
HONG KONG, Feb 16 (Reuters) - China's President Xi Jinping has told Hong Kong's government to stabilise and control a deepening COVID-19 outbreak in the global financial hub as soon as possible, ... ( read original story ...)
Xi orders Hong Kong to tackle virus surge ‘by all means’
isolation and quarantine measures that so far have largely kept the city safe – even while leaving the once-proud financial hub more cut off from the world. On Saturday, a delegation of Hong Kong ... ( read original story ...)
Hong Kong Tries to End Covid Without Resorting to Lockdown
(Bloomberg) -- It’s becoming clear Hong Kong will do everything short of a citywide lockdown as the financial hub battles to control a rapidly escalating omicron outbreak. Most Read from Bloomberg ... ( read original story ...)
Manulife Hong Kong reports strong fourth quarter and full-year 2021 results
Manulife Hong Kong's Results Overview: Core earnings - Core earnings of HK$7.4 billion in 2021, up 17% from 2020, and HK$2.1 billion in 4Q 2021, up 18% from 4Q 2020 NBV Yahoo Finance Video ... ( read original story ...)
China’s Inflation Slows, Giving Central Bank Room to Ease
While the People’s Bank of China refrained from cutting interest rates this ... Greater China economist at Societe Generale SA in Hong Kong. “Weak core consumer price pressures, as well as the ... ( read original story ...)
Coronavirus: 1 in 4 bank branches shut in Hong Kong, with 16 major lenders including HSBC, BOCHK adapting to worsening fifth wave
This is the most number of bank branches ever closed in Hong Kong, except when the city faces severe typhoons and all branches are shut 16 major banks are closing a total of 276 branches because of ... ( read original story ...)
Standard Chartered HK says it has qualified as direct CIPS offshore participant
SHANGHAI, Feb 14 (Reuters) - Standard Chartered Bank (Hong Kong) Ltd said on Monday that it has become the first foreign bank qualified as a direct participant in China's Cross-border Interbank ... ( read original story ...)
Hong Kong Tries to End Covid Without Nightmare-Scenario Lockdown
“A total lockdown of the entire Hong Kong territory would not be feasible and would do great harm to our status as an international financial center,” Tong said. “But would there be a district ... ( read original story ...)
Remembering Hong Kong now that its long good-bye as a bastion of liberalism has accelerated
This suggests that Asian countries could make the most progress by strengthening their banking and investment institutions, perhaps by enhancing transparency and corporate governance. Hong Kong is ... ( read original story ...)
EV Maker Hozon Picks Banks for $1 Billion Hong Kong IPO
Hozon New Energy Automobile Co., a startup that makes affordable electric vehicles, has picked banks including China International Capital Corp. and Citic Securities Co. for an initial public offering ... ( read original story ...)