Street protests and a pandemic have forced Hong Kong’s bankers and investors to experiment with how they work and raise funds for clients – their innovations have been surprisingly successful and ... ( read original story ...)
Hong Kong stocks recoup loss to end flat as Beijing signals policy support
Hong Kong stocks recovered most of their earlier losses to end basically flat, helped by Beijing’s pledge for more reforms and liquidity to boost the world’s second largest economy. ** At the close of ... ( read original story ...)
Breakingviews – Segway bravely scoots onto Shanghai’s new IPO path
Segway is blazing a trail to Shanghai. If all goes to plan, the owner of the self-balancing scooter will soon debut Chinese depositary receipts in a $300 million initial public offering. Ninebot ... ( read original story ...)
China’s JD.com raises almost $4bn in Hong Kong share sale
Shares in China's second largest online retailer jumped by more than 5% on their Hong Kong Stock Exchange debut. ( read original story ...)
Lower Open Predicted For Hong Kong Stock Market
BOC Hong Kong, China Mobile and Ping An Insurance were unchanged. The lead from Wall Street is murky as stocks were lackluster on Wednesday, bouncing back and forth across the unchanged line before ... ( read original story ...)
HSBC Resumes Plan To Cut 35,000 Jobs, Faces Criticism Over Hong Kong Security Law
HSBC , the largest bank in the U.K., said it will carry on with a plan to cut 35,000 jobs. The restructuring was originally announced in February but was postponed due to the emer ... ( read original story ...)
The race for HK$71 billion cash handout is heating up as more banks bait customers with gold bar, iPhone, and food vouchers
More lenders are dangling appetising incentives to steer as much cash as possible to their own platform as the Hong Kong government prepares to hand out HK$71 billion (US$9.2 billion) to residents ... ( read original story ...)
HKMA sells HK$775 mln as currency hits strong end of trading band
The Hong Kong Monetary Authority sold HK$775 million ($100 million) into the market in Asia trading hours after the local currency hit the strong end of its trading band, according to data released by ... ( read original story ...)
Hong Kong’s impending national security law will have no long-term negative impact: HKEX CEO
Charles Li, the CEO of the Hong Kong Exchanges and Clearing Group, speaks to Street Signs Asia as HKEX turns 20. He says that Covid-19 has not dented the IPO pipeline, and predicts that the "timing is ... ( read original story ...)
Chinese radiotherapy firm Hygeia attracts nine cornerstone investors in HK$2.22 billion IPO plan
Hygeia Healthcare, China's largest oncology health care group backed by US private equity firm Warburg Pincus, has obtained commitment from nine cornerstone investors for about half the size of its ... ( read original story ...)
Hong Kong Stock Market Predicted To Open In The Green
BOC Hong Kong was up 1.90 percent, Industrial and Commercial Bank of China collected 1.39 percent, China Mengniu Dairy advanced 1.37 percent, New World Development added 1.32 percent, Power Assets ... ( read original story ...)
HKMA sells $288 mln in Hong Kong dollars as currency hits strong end of trading band
The Hong Kong Monetary Authority sold HK$2.232 billion ($288 million) worth of Hong Kong dollars during New York trading hours after the currency hit the strong end of its trading band, according to ... ( read original story ...)
Investment bank says Hong Kong stock market will lure up to 31 Chinese companies listed on U.S. exchanges
The news comes a few days after U.S. legislators passed a law tightening rules around Confucius Institutes, which promote Chinese language and culture around the world. ( read original story ...)
Hong Kong banks see profit growth in 2019 despite challenges; an increased focus on costs set to continue, finds KPMG report
Hong Kong's banking sector showed resilience in 2019 despite a challenging year for the overall economy. The industry will need to manage ... ( read original story ...)