China is accelerating a much-delayed shakeup of its market for initial public offerings, which may lead to explosive demand for new stocks. ( read original story ...)
HSBC Gets Veiled Rebuke From UK Government Over Hong Kong
"But let me just put it this way, we will not sacrifice the people of Hong Kong over the altar of banker bonuses." HSBC has faced criticism from several senior British and U.S. politicians over its ... ( read original story ...)
China puts Hong Kong’s future on the line
Hong Kong’s status as Asia’s leading financial centre is being undermined by politics. Can it survive? Hong Kong’s status as Asia’s biggest and most vibrant financial hub is at risk – yet again. Over ... ( read original story ...)
Companies Line Up to List IPOs in Hong Kong After Asia’s Biggest Week
Companies are lining up to list in Hong Kong as a dry spell for initial public offerings comes to an abrupt end with two multi-billion dollar listings. ( read original story ...)
China Speeds Up IPO Reform, Widens Daily Limits for Some Stocks
China is accelerating a much-delayed shakeup of its market for initial public offerings, which may lead to explosive demand for new stocks. ( read original story ...)
BOC Clark seizes $54,215 hidden in magazines
Customs officials at the Port of Clark has seized US dollar bills amounting to $54,215 that were found inserted on pages of magazines from Hong Kong. According to the Bureau of Customs (BOC), the ... ( read original story ...)
Coronavirus: Hong Kong finance chief warns jobless rate will be worse than after global financial crisis
Hong Kong’s latest unemployment rate is expected to be worse than after the global financial crisis more than a decade ago while the number of people without work could soar to the highest in 15 years ... ( read original story ...)
Will HSBC’s divided loyalties over Hong Kong lead to a break-up?
Banking giant is torn between keeping its Hong Kong roots under growing Chinese dominion and remaining intact HSBC was lauded as “brave” last year in London adland. In a branding campaign plastered ... ( read original story ...)
China finalizes new IPO rules for Shenzhen’s ChiNext startup board
China has finalised new rules for companies looking to list on Shenzhen's ChiNext board, streamlining the listing process and allowing IPO pricing to be fully determined by the market. ( read original story ...)
Standard Chartered: Over Exposed Long-Term To Hong Kong And China
HK and China are key revenue and profit drivers for Standard Chartered, and high margin. None of the political developments in HK bode well for the bank long-te ... ( read original story ...)
Hong Kong Dollar Peg: How vulnerable is it and if it breaks, how will it happen? Explained
American decoupling risk Hong Kong dollar peg. Hong Kong is the world's No. 3 financial center and a break of the 36-year peg could cause jitters. The unpegging, if it happens, may occur while the ... ( read original story ...)
Hang Seng Index snaps three-day freefall ahead of weekend market
Hong Kong blue-chip stock benchmark Hang Seng Index (HSI) has managed to finish a mostly bearish week on a high. The index snapped a three-day decline on Friday 12 June 2020, as it rallied roughly 1.2 ... ( read original story ...)
Hong Kong IPOs sizzle despite chaos surrounding the territory’s future
While Hong Kong’s future may be plagued by mainland China’s seemingly increasing disregard for the territory’s independence and the resumption of pro-democracy protests, signs point to it remaining an ... ( read original story ...)
Hong Kong’s future as a financial hub is being torn between Washington and Beijing
The arrangement, which was supposed to remain in place until 2047, provides Hong Kong citizens the freedoms that their mainland peers don’t have, and also created a special conduit for international ... ( read original story ...)