The number of confirmed cases of the coronavirus illness COVID-19 climbed above 13 million on Tuesday, and the world’s eighth biggest economy, ... ( read original story ...)
Wall Street remains unsettled as bank profit reports roll in
Stocks are mostly falling in early trading on Wall Street Tuesday as CEOs of the country’s biggest banks paint a mixed picture of how badly the ... ( read original story ...)
HSBC, StanChart Urge Hong Kong Staff to Work at Home as Virus Spikes
HSBC Holdings Plc and Standard Chartered Plc urged its staff in Hong Kong to work from home again as the city seeks to tamp down a spike in coronavirus cases. ( read original story ...)
Hong Kong can still expect HK$220 billion in IPO proceeds for 2020: EY
Hong Kong's IPO pipeline for new listings is still strong despite potential headwinds from its ongoing political situation and the coronavirus outbreak, says Ringo Choi, EY Asia-Pacific IPO Leader. ( read original story ...)
SoftBank Said to Explore Sale or IPO of Chip Company Arm
Sources have told Bloomberg that SoftBank Group Corp. is exploring options for selling part or all of its stake in Arm Holdings Inc. Bloomberg’s Pavel Alpeyev reports on “Bloomberg Daybreak: Asia.” (S ... ( read original story ...)
Hong Kong Shares Tipped To Open Under Pressure
Hong Kong & China Gas plunged 1.53 percent, China Life Insurance climbed 1.44 percent, Country Garden Holdings tumbled 1.33 percent, Tencent Holdings tanked 1.01 percent, BOC Hong Kong retreated 0.87 ... ( read original story ...)
Here’s why the Trump administration’s threat to hurt Hong Kong’s dollar peg won’t work
Advisors to President Donald Trump were reportedly considering proposals to strike against the Hong Kong dollar peg, in response to China implementing a national security law on the city. ( read original story ...)
Hong Kong’s Resilient Dollar Suffers Sudden Bout of Weakness
The Hong Kong dollar is suddenly looking vulnerable, after weeks of trading at the strong end of its band against the greenback. ( read original story ...)
S&P 500 Faces Earnings Check, Hang Seng Index May Rise
S&P 500 index futures are climbing Monday opening despite of surging virus cases. Traders are eyeing Q2 earnings reports this week. The Hang Seng Index is set to open higher. ( read original story ...)
Hong Kong’s Unshakable Dollar Suffers Sudden Bout of Drops
The Hong Kong dollar is suddenly looking vulnerable, after weeks of trading at the strong end of its band against the greenback.Late on Friday, the currency weakened rapidly in its biggest drop since ... ( read original story ...)
As China allows more Hong Kong lenders to remotely open Greater Bay Area bank accounts, here is what you need to know
Regulators in Hong Kong and mainland China are working to expand a pilot that will make it easier for people to remotely open bank accounts in the Greater Bay Area development zone, two sources ... ( read original story ...)
Hong Kong’s Unshakable Dollar Suffers Sudden Bout of Weakness
The Hong Kong dollar is suddenly looking vulnerable, after weeks of trading at the strong end of its band against the greenback. ( read original story ...)
How the coronavirus is turbocharging Hong Kong’s fintech revolution
Forced to adapt quickly, Hong Kong’s banking and financial services industry has hastened its adoption of digital transformation and AI in the name of survival, supported by a rapidly evolving ... ( read original story ...)
Hong Kong will stay China’s financial gateway to the world, former top banking official says
Liu Mingkang, one-time chairman of the CBRC, says the rule of law and personal freedom are foundations of the city’s status. ( read original story ...)