China's Ping An Insurance Group defended its call to spin off HSBC's Asia business, saying it cared about investment returns from its large stake in Europe's biggest bank but was not an activist ... ( read original story ...)
Hong Kong, China stocks fall more than 1% on slowdown worries
SHANGHAI — Hong Kong shares fell to a three-month trough on Wednesday while mainland China stocks touched two-week lows, weighed down by concerns about a slowdown in the world’s second largest economy ... ( read original story ...)
Ping An co-CEO defends HSBC spinoff call, says it’s not an activist investor
Ping An Insurance Group defended its call to spin off HSBC's Asia business, citing its large holdings in the bank that affects its investment returns. "It is a significant investment and we've ... ( read original story ...)
PingAn ‘Not Activist Investor’ of HSBC With Spinoff Call: Co-CEO
"We are not an activist investor," she said. Wealth of Knowledge is a weekly podcast featuring tips and expert insight on all things money: personal finance, careers, investing, real estate and more. ( read original story ...)
Global Engine Group Holding Commences U.S. IPO Effort
Global Engine Group Holding Limited has filed to raise $17 million in a U.S. IPO. Read what investors need to know about GLE here. ( read original story ...)
Hong Kong’s fintech competitiveness against rivals like Singapore hurt by talent crunch, regulatory hurdles: Google survey
Many fintech start-up executives surveyed by Google view Hong Kong as being relatively uncompetitive compared to other fintech hubs More than 60 per cent of them said they face a severe talent gap ... ( read original story ...)
Tencent-Backed Startup Seeks Pre-IPO Funds at $1.5 Billion Value
Yonghui Fresh Food, the fast-growing grocery supply affiliate of one of China’s biggest retail conglomerates, is seeking to raise about $200 million ahead of a Hong Kong initial public offering next ... ( read original story ...)
Hong Kong weighs Covid-19 quarantine exemptions for banking summit
Several of Wall Street's biggest banks have made quarantine-free travel a precondition for senior executives to attend the conference. Read more at straitstimes.com. ( read original story ...)
Hong Kong’s GigaCloud sees shares fall 31% in wake of $36M US IPO
Hong Kong’s GigaCloud Technology (GCT), which went public last week through a $36M US initial public offering, saw its stock slide 31% in midday Monday ... ( read original story ...)
Major Chinese banks urged to maintain stable loan growth, central bank says
Major Chinese financial institutions will have to lead the way in maintaining the stable growth of total loans and protecting the reasonable financing needs in the real estate sector, China's central ... ( read original story ...)
Brokers Issue Forecasts for Hang Seng Bank Limited’s FY2022 Earnings (OTCMKTS:HSNGY)
Jefferies Financial Group lowered their FY2022 earnings per share (EPS) estimates for Hang Seng Bank in a research report issued on Friday, August 19th. Jefferies Financial Group analyst S. Wong now ... ( read original story ...)
Brokers Offer Predictions for BOC Hong Kong (Holdings) Limited’s FY2022 Earnings (OTCMKTS:BHKLY)
Investment analysts at Jefferies Financial Group upped their FY2022 earnings per share estimates for shares of BOC Hong Kong in a research report issued to clients and investors on Friday, August 19th ... ( read original story ...)
Hong Kong Stock Market Expected To Remain Rangebound
The Hong Kong stock market has moved higher in two of three trading days since the end of the two-day slide in which it had tumbled more than 350 points or 1.8 percent. The Hang Seng now rests just ... ( read original story ...)
HSBC launches HK$40 billion loans scheme with cash rebates to encourage small businesses to hire staff
SMEs can get HK$1,000 in cash for every new hire, up to a maximum of 10, under the new scheme It was welcomed as 'a good move to encourage companies to create jobs' by lawmaker Peter Shiu HSBC, the ... ( read original story ...)