Standard Chartered to support Hong Kong government’s nightlife campaign
Standard Chartered’s marketing campaign will offer credit card discounts and other incentives at participating malls to support the government’s campaign to reboot Hong Kong’s night economy, senior executive says.
JPEX scandal sets back Hong Kong’s virtual asset hub ambitions, analysts say
The implosion of JPEX is likely to make the public more cautious about investing in cryptocurrencies, but sentiment may improve in the long run, experts say.
The implosion of JPEX is likely to make the public more cautious about investing in cryptocurrencies, but sentiment may improve in the long run, experts say.
China to remain dominant global supply chain player for foreseeable future: Yue
China’s role in the global supply chain will become even more crucial in the coming years, as it garners a bigger market share in intermediate products, says HKMA CEO Eddie Yue.
China’s role in the global supply chain will become even more crucial in the coming years, as it garners a bigger market share in intermediate products, says HKMA CEO Eddie Yue.
Hong Kong IPO fundraising levels to hit an 11-year low in 2023: Deloitte
Hong Kong’s public fundraising environment is at its toughest in over a decade, as the global banking turbulence, high interest rates and slow recovery pace of mainland China’s economy bruised investor sentiment, according to Deloitte China.
Hong Kong’s public fundraising environment is at its toughest in over a decade, as the global banking turbulence, high interest rates and slow recovery pace of mainland China’s economy bruised investor sentiment, according to Deloitte China.
Defiant JPEX touts new plan to woo users, barks back at regulators
The embattled cryptocurrency exchange has laid out plans to attract new investors with promises of dividends, while it continues to lash out at Hong Kong regulators.
The embattled cryptocurrency exchange has laid out plans to attract new investors with promises of dividends, while it continues to lash out at Hong Kong regulators.
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Would you like a phone with that car? EV maker Nio thinks Chinese buyers will
The company believes a technology-heavy owner experience, supported by the phone’s more than 30 car-specific features, will give it an edge in a sizzling but crowded market.
Midea Group to file for US$1 billion Hong Kong IPO next month: sources
Midea Group, China’s world-leading home appliances giant, plans to file its listing application in Hong Kong as early as next month, which could raise more than US$1 billion in proceeds, people familiar with the matter said.
Midea Group, China’s world-leading home appliances giant, plans to file its listing application in Hong Kong as early as next month, which could raise more than US$1 billion in proceeds, people familiar with the matter said.
Emerging Asia currencies’ carry-trades lure on central bank inflation fight
Thailand, India and the Philippines are all seeing implied returns from forwards higher than recent averages, as Emerging Asian currencies, which have been less attractive than most of their global peers as carry-trade targets over the past year, are now catching up.
Thailand, India and the Philippines are all seeing implied returns from forwards higher than recent averages, as Emerging Asian currencies, which have been less attractive than most of their global peers as carry-trade targets over the past year, are now catching up.
Rout in Chinese bonds is no sign of lasting economic rebound, say analysts
A sell-off triggered by initial excitement over a slew of government measures aimed at boosting growth does not translate to long-term confidence in the economy, market participants say.
A sell-off triggered by initial excitement over a slew of government measures aimed at boosting growth does not translate to long-term confidence in the economy, market participants say.
Hong Kong pauses rate hike after Fed slams on the monetary brakes
Hong Kong kept the city’s base rate unchanged on Thursday after the US Federal Reserve paused its current cycle of inflation-busting increases to assess the impact of higher funding costs on the world’s economy.
Hong Kong kept the city’s base rate unchanged on Thursday after the US Federal Reserve paused its current cycle of inflation-busting increases to assess the impact of higher funding costs on the world’s economy.
Evergrande is unlikely to escape crisis in wealth management unit: analysts
Police in Shenzhen have detained some staff at Evergrande Financial Management after the company failed to repay investors.
Police in Shenzhen have detained some staff at Evergrande Financial Management after the company failed to repay investors.
Hong Kong is well-placed to tap Asia’s growth, CIC’s advisors say
The former central bank governor also called for global efforts to offset geopolitical and economic headwinds, in an address at an investment forum by China Investment Corporation.
The former central bank governor also called for global efforts to offset geopolitical and economic headwinds, in an address at an investment forum by China Investment Corporation.
Hong Kong stock buy-backs nearing US$10 billion can’t halt market slide
Hong Kong-listed companies have spent a combined HK$178 billion (US$22.7 billion) on stock buy-backs between January 2022 and mid-September this year, while the cheap market kept getting cheaper.
Hong Kong-listed companies have spent a combined HK$178 billion (US$22.7 billion) on stock buy-backs between January 2022 and mid-September this year, while the cheap market kept getting cheaper.
BlackRock loses confidence in Chinese stocks as property slump stokes losses
BlackRock, the world’s biggest money manager, downgraded Chinese stocks and their emerging-market peers. That reversed its bullish call in February as China’s post-Covid reflationary measures fell short of expectations.
BlackRock, the world’s biggest money manager, downgraded Chinese stocks and their emerging-market peers. That reversed its bullish call in February as China’s post-Covid reflationary measures fell short of expectations.
JPEX claims reach HK$1.2 billion in Hong Kong’s biggest-ever fraud case
The case is a major test of Hong Kong’s ability to balance investor protection with the city’s ambition to be a fintech hub, and to keep up with the fast-growing world of cryptocurrency.
The case is a major test of Hong Kong’s ability to balance investor protection with the city’s ambition to be a fintech hub, and to keep up with the fast-growing world of cryptocurrency.
China Evergrande debt restructuring at risk from holdout creditors
A large group of creditors, which is owed US$15 billion, is one of the last major roadblocks to a historic restructuring of China Evergrande Group. The world’s most indebted developer has US$328 billion of liabilities, and has to win them over at key creditor meetings on September 25-26 to avoid a liquidation.
A large group of creditors, which is owed US$15 billion, is one of the last major roadblocks to a historic restructuring of China Evergrande Group. The world’s most indebted developer has US$328 billion of liabilities, and has to win them over at key creditor meetings on September 25-26 to avoid a liquidation.
Chinese EV maker Nio to issue US$1 billion in convertible senior notes
Nio plans to raise US$1 billion via convertible senior notes, as it seeks to reduce debt and strengthen its balance sheet amid escalating competition and rising losses.
Nio plans to raise US$1 billion via convertible senior notes, as it seeks to reduce debt and strengthen its balance sheet amid escalating competition and rising losses.
IFC’s Hong Kong-based regional head to focus on sustainability efforts
Anna Ng, as IFC’s regional head for East Asia and the Pacific, will focus on strategy implementation as well as fundraising efforts for the World Bank’s financing arm.
Anna Ng, as IFC’s regional head for East Asia and the Pacific, will focus on strategy implementation as well as fundraising efforts for the World Bank’s financing arm.
Hong Kong’s latest retail green bond offering receives ‘positive’ response
Hong Kong’s latest offering of retail green bonds logged a strong response when it opened for subscriptions on Monday, banks managing the issue say.
Hong Kong’s latest offering of retail green bonds logged a strong response when it opened for subscriptions on Monday, banks managing the issue say.
ICBC chosen as bookrunner for Saudi Arabia’s US$11 billion syndicated loan
Industrial and Commercial Bank of China’s role highlights the increasing use of Chinese lenders in the Middle East, as the kingdom plans the biggest financing deal in Europe, the Middle East and Africa this year.
Industrial and Commercial Bank of China’s role highlights the increasing use of Chinese lenders in the Middle East, as the kingdom plans the biggest financing deal in Europe, the Middle East and Africa this year.
