Hong Kong's Hang Seng Bank is looking to entice novice investors with an in-app fund investment service offering a minimum investment amount of just HK$1. Developed in collaboration with Hang Seng's ... ( read original story ...)
Alibaba’s Ant plans Hong Kong IPO, targets valuation over $200 billion, sources say
Ant Group, the fintech arm of Chinese e-commerce giant Alibaba, plans a Hong Kong float as soon as this year and targets a valuation of more than $200 billion, said two sources with knowledge of the ... ( read original story ...)
Hong Kong stocks mixed as market bulls weigh IPO outlook, fallout from new Covid-19 infections and security law
Chinese pharmaceutical company Shenzhen Hepalink Pharmaceutical Group slipped 4.2 per cent to HK$17.62 on its listing debut in Hong Kong. Three other IPOs – Qingdao Kutesmart Company, Nanjing Develop ... ( read original story ...)
HSBC Slumps as U.S. Weighs Moves to Punish Hong Kong Banks
(Bloomberg) -- HSBC Holdings Plc, which draws more than two-thirds of its pretax income from Hong Kong, slumped in early trading after a report that the U.S. is mulling a move to punish banks in the ... ( read original story ...)
Hong Kong Stock Market Expected To Open Under Pressure
The Hong Kong stock market on Tuesday snapped the two-day winning streak in which it had skyrocketed more than 1,200 points or 4.8 percent. The Hang Seng Index now rests just above the 25,975-point ... ( read original story ...)
Traders Skeptical That Trump Will Break Hong Kong’s Dollar Peg
Shares of HSBC Holdings Plc, the biggest player in Hong Kong’s banking industry, slipped 2.7%. Here’s what people are saying about the proposal: Patrick Bennett, head of macro strategy for ... ( read original story ...)
China Market Update: Mainland Marches On, Profit-Taking In Hong Kong
Hong Kong opened higher but retreated later in the session amid Hong Kong chief executive Carrie Lam’s speech defending the new security law and several new cases of coronavirus. Mainland investors ... ( read original story ...)
Hong Kong will stay global financial center, despite new security law
Following the introduction of a new Chinese national security law, some are questioning the sustainability of Hong Kong's position as an international financial center. ( read original story ...)
Hong Kong steps in to weaken the local dollar, as hot money inflows defy doomsday talk of capital flight after China’s security law
The episode shows how the inflow of money into Hong Kong continues to defy doomsday speculations of capital flight. Some high-net-worth individuals are switching out of their US-dollar holdings and ... ( read original story ...)
Hong Kong shares retreat as investors book profits
HSI financials sub-index 1.2% lower; property sector down 2.4% July 7 (Reuters) - Hong Kong shares fell on Tuesday as a rally that pushed the city’s benchmark index sharply higher over four days lost ... ( read original story ...)
Hong Kong grappling with future under national security law
Hong Kong’s leader Carrie Lam offered scant reassurance Tuesday over a new national security law that critics say undermines liberties and legal protections promised when ... ( read original story ...)
Hong Kong will attract listings by international companies, not just Chinese firms, as Greater Bay Area opens up, outgoing IPO panel chief says
Hong Kong will continue to attract listings by international and Asian companies in the coming years, as the 2018 reforms and a soon to be launched wealth management connect scheme increase access to ... ( read original story ...)
TikTok says it will exit Hong Kong market within days
The short form video app owned by China-based ByteDance has made the decision to exit the region following China's establishment of a sweeping new national security law for the semi-autonomous city. ( read original story ...)
Why Hong Kong will remain an international financial centre, despite new security law
But Hong Kong’s success as a centre of international finance, connecting the world to mainland China, is built on several foundations. These include having a stable business environment, the free flow ... ( read original story ...)