HKMA fears use of the Exchange Fund to help combat economic crisis will hurt its ability to defend the peg, but it will work with banks to offer help to firms and individuals, CEO Eddie Yue says.

According to Skybridge Capital’s Brett Messing, there are two potential outcomes for bitocin in the near future: either it could remain a niche asset and trade between US$5,000 and US$50,000, or it could grow to be a “real asset” that could easily hit as much as US$500,000.

Shareholders and other related parties had embezzled 61.5 billion yuan, Hainan Airlines Holding, HNA Infrastructure Investment and CCOOP Group said.

Order to investigate use of personal and business loans comes amid growing fears of a house price bubble.

While many property services companies benefit from new projects of their parent developers for expansion, Evergrande’s services arm needs mergers and acquisitions to sustain growth, UBS Group AG analysts led by John Lam wrote in a January report.

The rallying cry by the leader of HNA Group, appointed in February 2020 by regulators and the Hainan provincial government to lead the company’s debt workout, comes a day after one of China’s largest private conglomerates received a court petition to undergo bankruptcy restructuring.

Amount of bribes received by ex-chairman of China Huarong Asset Management was ‘extremely large, the crime’s circumstances were particularly serious and the social impact was particularly severe’, Supreme People’s Court says.

HNA Group’s acquisition spree came to an end in 2017 when China’s financial regulators, fearful of risks to the banking industry, cracked down on the debt-fed binge.

Kuaishou Tech’s IPO sets record as the most oversubscribed IPO in terms of retail demand, at over 1,200 times.

The Swiss lender’s Asian arm had a blowout year in 2020, but that may not translate into Wall Street-topping bonuses, says regional boss.

Merger will establish a ‘first-class urban commercial bank’ that absorbs the dozen existing local banks on ‘market-oriented’ and ‘law-based’ principles, according to China’s central bank.

The delay of a bar on investing in Chinese firms with similar names to blacklisted companies comes as the Biden administration reviews Trump’s combative China policies.

i-Cable Communications is turning to its key shareholder again for cash to help turn around its business and compete with well-funded home rivals.

As air travel to one of Asia’s biggest aviation hubs dries up, Cathay Pacific is turning to investors for financial support.

Hong Kong Exchange Fund’s returns recovered over the course of the year after the coronavirus pandemic rattled markets in early 2020.

The People’s Bank of China (PBOC) offered a far lower amount of new liquidity on Tuesday, raising speculation that it may have a reduction of coronavirus stimulus given forecasts for strong economic growth.

Investors scramble for a piece of Kuaishou’s US$5.4 billion IPO, as banks and brokerages offer low loan rates to cater to demand for IPO loan.

The omission is a dramatic exit by an entrepreneur whose global shopping spree of everything banks to hotels totalled at least 1 trillion yuan (US$154.8 billion) of assets as recently as in 2017, fuelling his ambition to make it among the Fortune 100 list of the world’s largest companies by assets.

Wall Street firms generated record investment banking revenue in the region as fiscal and monetary stimulus in the wake of the pandemic helped stoke stock and bond sales and trading.

Hong Kong plans to issue up to US$12.9 billion in green bonds under programme announced nearly three years ago.

Bank of East Asia appoints head of Greater Bay Area office as it preps for selling wealth management products via connect scheme.

PBOC governor Yi Gang said there needs to be more international cooperation on regulating fintech, particularly regarding the ownership of consumer data.

BlackRock, the world’s biggest asset manager, said it would incorporate climate risks in markets assumptions, introduce new products aligned to emissions goals.

Hong Kong’s government announced plans to issue up to HK$100 billion in green bonds in 2018.

The proposal underscores the continuous search for the next paradigm shift in China’s capital markets, three decades after the Shanghai and Shenzhen exchanges became synonymous with the nation’s experiments in market reforms.

Bonus payments come as banks are navigating how to balance compensation with difficult operating environment from historically low interest rates, economic fallout of the coronavirus pandemic.

The Hong Kong-based distributor of Fancl beauty products attracts four offers from US and China-based private equity funds, according to people familiar with the bidding process.

The short-video platform aims to list on Hong Kong’s stock exchange on February 5, the city’s largest listing since Alibaba’s US$13 billion secondary offering in 2019.

An important milestone for the cryptocurrency market would be if the SEC approved an exchange-traded fund for bitcoin or another digital money, Bank of Singapore says in report.