The council has also started looking into the audit carried out by PricewaterhouseCoopers (PwC) on the Evergrande Property Services 2020 Annual Accounts. ( read original story ...)
HK’s accounting watchdog looks into China Evergrande’s financial statements
The council has also started looking into the audit carried out by PricewaterhouseCoopers (PwC) on the Evergrande Property Services 2020 Annual Accounts. ( read original story ...)
Hong Kong’s Magic Empire stock rallies 77% after plunging 93% last week (Update)
Hong Kong-based Magic Empire stock (MEGL) rocketed 77% on Monday after plunging last week in the wake of a spectacular $20M US initial public offering ... ( read original story ...)
Hong Kong’s ETF IPOs slammed by market volatility, China worries
Hong Kong’s exchange-traded fund listings fell in the first half of the year and funds raised plunged 87.3% amid global market volatility, with the outlook for the second half clouded by a risk-off ... ( read original story ...)
Hong Kong’s audit watchdog expands probe into embattled China Evergrande’s property services unit
Hong Kong’s audit watchdog extends probe into China Evergrande’s property services unit as questions loom over its 13.4 billion yuan deposit guarantee, first disclosed in July. ( read original story ...)
China cuts rates as lockdowns and a real estate crisis take their toll
China's central bank cut interest rates on Monday as new data showed the economy losing steam last month because of renewed Covid lockdowns and a deepening property downturn. ( read original story ...)
Tencent, SMIC, PetroChina lead stock slide in Hong Kong on weak China data while US delisting risk, Taiwan tensions keep brewing
Data on July industrial production and retail sales came in below consensus estimates while US delisting risk and Taiwan tensions remain in focus Li Auto and Sunny Optical both retreat before ... ( read original story ...)
Coronavirus: Hong Kong finance chief says ‘3+4’ quarantine arrangement will help boost economy despite downgraded forecast
'I noticed that the relevant arrangements have been welcomed by various groups both locally and overseas,' Paul Chan says on his blog City records 4,979 new Covid-19 cases, 215 of which were imported; ... ( read original story ...)
Hong Kong SAR issues consumer vouchers to buoy consumption amid global inflation
Financial Secretary Paul Chan Mo-po called on local residents to work together to overcome adversity, after the SAR government launched a host of supportive measures including billion-dollar vouchers ... ( read original story ...)
Coronavirus: Hong Kong finance chief says ‘3+4’ quarantine scheme will help to boost economy amid ‘gloomy outlook’
I noticed that the relevant arrangements [have been] welcomed by various groups both locally and overseas,’ Paul Chan said on his blog. ( read original story ...)
Hong Kong’s finance chief says ‘3+4’ quarantine arrangement will help boost city’s economy despite downgraded forecast
'I noticed that the relevant arrangements have been welcomed by various groups both locally and overseas,' Paul Chan said on his blog The finance minister added it was also important to protect ... ( read original story ...)
Programs to connect mainland stocks with Hong Kong will have more trading days in China
In its most recent effort to open up the capital markets, China will extend the trading days of the stock connect programs between the mainland and H ... ( read original story ...)
Why these billboards promoting a ‘new era’ for Hong Kong are so contentious
The advertisements have upset Hong Kongers in Australia, who says the billboards misrepresent the true situation in Hong Kong. ( read original story ...)
HSBC oversold risks of $35 bln Asia spin-off, investor Ping An thinks – source
HSBC overstated the risks of spinning off its Asia unit when it rebuffed such a proposal by shareholder Ping An Insurance Group, a source familiar with the Chinese insurer's thinking said, adding the ... ( read original story ...)