I was lucky.” Ant may not be a household name in most of the world, but the Chinese fintech behemoth controlled by Jack Ma has set off an investor frenzy for the history books. Brokers in Hong Kong ... ( read original story ...)
How does Hong Kong stay relevant in China’s new technological era? Innovation holds the key, analysts say
“Hong Kong, as an international financial hub, still has a key role to play in helping Beijing reshape world order through the Belt and Road Initiative ,” he said, referring to the strategy of linking ... ( read original story ...)
Hang Seng Index slips to one-week low as global markets tremble on Covid-19 concerns while China stocks defy gloom
Hong Kong stocks fell to a one-week low, joining a sharp global equity sell-off prompted by concerns over rising coronavirus infections and the US election outcome. China stocks defied the gloom with ... ( read original story ...)
Hong Kong and the Greater Bay Area: Unlocking cross-border investment opportunities
Hong Kong has continued to see inflow of funds and in the last five months took in over USD17 billion from the market. ( read original story ...)
China’s Alibaba And Ant Group Billionaire Jack Ma Calls For Radial U.S. Banking Overhaul
Ma has warned new "digital currencies," such as bitcoin and China's digital yuan, could be used to establish a new type of banking and financial system—and called for an overhaul of U.S.-led banking ... ( read original story ...)
China stocks defy gloom, Hang Seng Index slides by most in two weeks as global markets tremble on Covid-19 concerns
The Hang Seng Tech Index, which tracks the 30 top technology companies listed in Hong Kong, also slid 0.6 per cent ... Some 968 companies, including China Construction Bank, are due to release their ... ( read original story ...)
Hong Kong Stock Market Looking At Another Red Light For Thursday
The Hang Seng Index now rests just beneath ... Xiaomi Corporation jumped 1.42 percent, Hong Kong & China Gas declined 1.41 percent, CNOOC surrendered 1.36 percent, Industrial and Commercial Bank of ... ( read original story ...)
HKMA sells HK$3.18 bln in NY hours, currency hits strong end of trading range
The Hong Kong Monetary Authority sold HK$3.178 billion ($410.06 million) into the market in New York trading hours after the local currency hit the strong end of its trading band, according to data ... ( read original story ...)
Singapore’s Biggest Bank DBS To Launch Cryptocurrency Trading And Custody
DBS, Singapore’s largest retail and commercial bank, is planning to launch a cryptocurrency exchange after it gets all the required regulatory approvals. ( read original story ...)
Hong Kong stocks extend drop from an eight-week high as traders weigh earnings outlook, pandemic costs
The Hang Seng Index fell ... the US dollar after the People’s Bank of China dropped a key input used to set the currency’s daily reference rate. Ping An Insurance fell by at least 2 per cent in both ... ( read original story ...)
Hong Kong has a huge role to play in supporting China’s fintech juggernaut, financial secretary Paul Chan says
Hong Kong, as the gateway to China and a rising regional fintech power, has much to offer and is poised to reap the rewards, says Paul Chan. ( read original story ...)
HKMA sells HK$6.38 bln in NY hours, currency hits strong end of band
The Hong Kong Monetary Authority sold HK$6.378 billion ($822.97 million) into the market in New York trading hours after the local currency hit the strong end of its trading band, according to data ... ( read original story ...)
How retail investors can increase their chances of getting a piece of Ant Group’s blockbuster IPO in Hong Kong
It’s the world’s biggest initial public offering (IPO), and retail investors are itching to get a slice of the action. But what is the best way to win a share of the Hong Kong-leg of are divided: ... ( read original story ...)
Here’s why Ant Group is about to shatter IPO records
Stella Su, who lives and works in Shanghai, has used an ATM only once in the past year. Instead of cash, in recent years she has done almost all her business using the digital wallet Alipay –- ... ( read original story ...)