The prices of homes in Hong Kong fell by 2.26 per cent in August to their lowest level in three-and-a-half years, and are unlikely to get much support from the city’s reduced Covid-19 hotel quarantine ... ( read original story ...)
Leapmotor, Onewo IPOs undersubscribed in Hong Kong as stock investors get cold feet amid market sell-off
Hong Kong investors failed to fully subscribe for their local allocations in the two stock offerings as the Hang Seng Index slides to an 11-year low Some 35 of the 47 IPOs in Hong Kong this year have ... ( read original story ...)
Hong Kong defends currency peg for 32nd time this year amid outflow of capital chasing US dollar assets
The city's de facto central bank bought HK$1.94 billion and sold US$247 million on Wednesday The authority has bought a total of HK$215.035 billion and sold US$27.39 billion this year The Hong Kong ... ( read original story ...)
Hong Kong finance, security chiefs top performers in first public opinion poll on officials since leader John Lee took office
Finance chief Paul Chan has support rate of 58.4 out of 100, the highest among three top government secretaries, in tracking poll by Public Opinion Research Institute. ( read original story ...)
Hydrogen Fuel Cell Maker SinoSynergy Weighs Hong Kong IPO
(Bloomberg) -- SinoSynergy, a Chinese hydrogen fuel cell company, is considering a Hong Kong initial public offering as soon as next year, according to people familiar with the matter. Most Read ... ( read original story ...)
Chinese EV maker Leapmotor’s IPO obviates big leap of faith
The $800 million offering values the company at $7 billion. That implies a forward price-to-sales multiple of three times similar to a basket of peers including Nio and Xpeng and assumes it continues ... ( read original story ...)
Hong Kong’s officials are confident that talent will come back and stay with city’s ‘0+3’ quarantine easing
The HKMA is going on a charm offensive, inviting top executives from dozens of the world’s largest banks, funds and asset managers to Hong Kong in early November to assure them that the city is back ... ( read original story ...)
Leapmotor’s modest IPO obviates big leap of faith
Leapmotor is cruising in gloomy markets. The Chinese electric-vehicle maker priced shares of its initial public offering, the largest in Hong Kong this year, at the bottom end of a previously ... ( read original story ...)
Bank of China warns public of fraud website
The fake website has been reported to the regulator and the Hong Kong police. The Bank of China (Hong Kong) Limited is warning the general public to be wary of a fraudulent websites. According to the ... ( read original story ...)
China yuan: what can the central bank do to prevent the currency weakening against the US dollar?
China may cut banks’ forex reserve requirements again and could even restore the so-called counter cyclical factor to prevent a rapid depreciation in the currency, experts say. ( read original story ...)
Hong Kong court issues order allowing police to seize HK$70 million raised by group for anti-government protesters
According to police investigation, some of the money was used for purposes other than those claimed by its organiser Hong Kong’s High Court has issued a confiscation order allowing police to seize ... ( read original story ...)
Hong Kong Monetary Authority Posts Information on “Pilot Scheme on Training Subsidy for Fintech Practitioners”
The Hong Kong Monetary Authority (HKMA) has posted details of its "Pilot Scheme on Training Subsidy for Fintech Practitioners." ... ( read original story ...)
Leapmotor raises $800 Million in Hong Kong IPO
Leapmotor priced the offering at HK$48 per share, the bottom of its marketed range, said the people, who asked not to be identified as the information is private. The company marketed 131 million ... ( read original story ...)
Travel Plays Fly On Hong Kong & Macau Reopening, PBOC Pumps Brakes On CNY Depreciation
Asian equities were off with an emphasis on growth stocks except for Hong Kong, as internet stocks outperformed. ( read original story ...)