Business
Hong Kong IPO market stages comeback after dismal 2023
INVESTORS in the Hong Kong initial public offering (IPO) of Chinese cosmetics firm Mao Geping Cosmetics received an early Christmas…
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Kong
Business
OCBC sells stake in Hong Kong Life Insurance for HK$589.3 million
The sale is not expected to have an impact on the group’s net tangle assets or earnings per share OCBC has agreed to sell its entire stake…
Culture
China Eastern to debut C919 on Shanghai-Hong Kong route in January
CHINA Eastern Airlines will launch the first commercial cross-border service operated by C919 between Shanghai and Hong Kong on Jan 1,…
Business
China’s CATL to seek Hong Kong listing
CHINESE battery manufacturer CATL said on Thursday (Dec 26) it plans to seek a listing in Hong Kong, a Shenzhen Stock Exchange filing…
Business
China’s wild markets send Hong Kong derivatives to third record year
FOR a third year in a row, trading of derivatives in Hong Kong has hit a record. More than 377 million futures and options have changed…
Business
Singapore pulls ahead of Hong Kong in race to be crypto hub
SINGAPORE forged ahead with efforts to formulate a digital assets hub in 2024, while rival financial centre Hong Kong has struggled to…
Business
Chinese investors buy record amount of Hong Kong stocks via link
MAINLAND Chinese investors snapped up a record amount of Hong Kong stocks as they ramped up exposure to risk assets in the city amid a…
Business
The battle of the wealth hubs: Singapore, Dubai and Hong Kong
Asian financial hubs emerge as strong contenders in a global wealth migration wave Source link
Business
Hong Kong central bank cuts interest rate, tracking US Fed move
THE Hong Kong Monetary Authority (HKMA) on Thursday (Dec 19) cut its base interest rate charged via the overnight discount window by 25…
Business
Battery-maker CATL considers Hong Kong listing to raise US$5 billion
CONTEMPORARY Amperex Technology Co Limited (CATL) is considering a second listing in Hong Kong that could raise at least US$5 billion,…
Business
China firms seeking second listings seen boosting Hong Kong deal volume
HONG Kong’s dealmakers are betting on mainland-traded Chinese companies’ second listings to boost share-sale volumes next year, building…
Business
Hong Kong watchdog searches finance firms’ offices in Nasdaq listings probe
HONG Kong’s securities watchdog last month searched the offices of about a dozen finance firms and individuals as part of a probe of…
Business
Club Med owner shares jump 83% after Hong Kong take-private offer
FOSUN Tourism Group shares saw their biggest jump on record in Hong Kong, after the owner of luxury resort chain Club Med offered to buy…
Beauty
China makeup mogul nears billionaire status with Hong Kong IPO
ONE of China’s best-known makeup artists, Mao Geping, took his beauty company public in Hong Kong, capping a remarkable run that’s seen…
Business
Boutique bank Raine to shut Hong Kong base, offers staff Singapore move
RAINE Group plans to close its Hong Kong office and is offering the staff to relocate to Singapore as the New York-based boutique adviser…
Business
Singapore, Hong Kong to make up half of StanChart’s affluent business in ‘ambitious’ expansion plans
It is targeting US$200 billion in new assets and double-digit income growth in its wealth business over the next five years SINGAPORE and…
News
Hong Kong mega development plan to devour villages, wetlands
For almost half a century, Kwok Hoi-yin's humble cottage on Hong Kong's border with mainland China was surrounded by leagues of fishponds…
Business
Didi again records a profit while it prepares for Hong Kong IPO
DIDI Global posted its second straight quarterly profit, a boost for the Chinese ride-hailing leader as it contemplates a potential…
Business
Hong Kong bourse’s deputy CEO Wilfred Yiu to retire
HONG Kong Exchanges and Clearing on Friday (Nov 29) said Yiu Ka Yan, Wilfred will retire from all his positions held within the group,…
Business
Logistics provider GLP is considering a Hong Kong listing in 2025
Logistics company GLP is considering a Hong Kong listing that could happen as early as next year, eight years after the…
Culture
Hong Kong opens third airport runway with marginal gain in landing slots
HONG Kong’s third airport runway officially starts operating on Thursday (Nov 28), but there will be hardly any additional flight capacity…
Business
UBS cuts four loan bankers in Singapore, Hong Kong as deal flow slows
UBS Group cut four loan syndication bankers in Asia, according to people familiar with the matter, as elevated funding costs cast a pall…
Business
Chinese Courier SF Holding to start trading after HK$5.83 billion Hong Kong IPO
CHINA’S SF Holding’s shares are set to debut in Hong Kong on Wednesday (Nov 27), in what is expected to be the city’s final test for major…
Business
Hong Kong tycoon Cheng’s jeweller sees steep revenue fall amid slowdown
CHINA’S largest jewellery retailer Chow Tai Fook Jewellery Group saw revenue plunge 20.4 per cent in the half year ended September, the…