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20.08.26 - 13:24
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Hong Kong Inflation Eases To 1.7% (AFX)
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HONG KONG (dpa-AFX) - Hong Kong's consumer price inflation moderated as expected in July to the lowest level in three months, data released by the Census and Statistics Department showed on Thursd......
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20.08.26 - 11:48
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Shein pushes back Hong Kong debut to September amid delayed investor orders: sources (SCMP)
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Fast-fashion retailer Shein Global Holdings has pushed back its Hong Kong market debut until September 1, after a small delay in taking investor orders for its initial public offering (IPO) at a reduced valuation, according to sources familiar with the matter.
Shein plans to introduce multiple cornerstone investors, though most positions will be taken up by existing shareholders, the sources told the South China Morning Post. Investment banks involved in the deal are also considering arranging......
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20.08.26 - 05:06
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Hong Kong sees opportune time for advancing IPO connect scheme: IPO queen Pamela Chung (SCMP)
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Hong Kong is seeing an opportune time to move forward with a so-called IPO connect scheme, according to Pamela Chung Kong-hung, Vistra's managing director and head of its IPO & Share Registry Services, who says the scheme would allow mainland investors access to initial public offerings (IPOs) in Hong Kong, enabling better price discovery and expanding the investor capital pool to better match the city's large IPO pipeline.
“The secondary market connect has been operating very stably without......
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20.08.26 - 01:42
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AIA first-half profit up 11%, driven by strong growth in Hong Kong and Asia sales (SCMP)
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AIA Group, Asia's largest independent publicly listed life insurance group, reported 11 per cent growth in first-half operating profit, driven by strong growth of Hong Kong and mainland China sales and expansion in Southeast Asian markets.
Operating profit after tax on a constant currency basis reached US$4.16 billion, with earnings per share rising to 39.95 US cents, according to a filing to the Hong Kong stock exchange on Thursday. The result exceeded the US$3.94 billion consensus estimate of......
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19.08.26 - 12:42
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Prudential Hong Kong expands headquarters amid Beijing′s intensified wealth oversight (SCMP)
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Prudential Hong Kong has agreed to lease headquarters space at Swire Properties' One Taikoo Place and One Island East, marking a notable expansion of its office footprint in the city, according to the developer.
Under the agreement, the insurer will occupy a total of 83,000 sq ft across the two buildings, “reinforcing the company's commitment to Hong Kong and Taikoo Place as its long-term headquarters”, said Swire Properties, one of Hong Kong's largest commercial developers and landlords, in a......
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19.08.26 - 05:30
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Hong Kong Gold Exchange taps tech strength in joint venture to power gold settlement (SCMP)
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The Hong Kong Gold Exchange (HKGX) and TGX Technology have launched a joint venture to build a “secure, stable and internationally competitive” gold trading and clearing platform, as the city pushes to become a gold trading hub.
Hong Kong Gold Exchange Trading System (HKGXTS) would draw on technology partners, including Alibaba Cloud – which backs TGX Technology – and Hundsun Technologies, to deliver the platform, according to a statement issued on Tuesday. Alibaba owns the South China Morning......
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19.08.26 - 03:54
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Hong Kong stocks decline as rising bond yields and stalemate in Iran war dent sentiment (SCMP)
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Hong Kong stocks fell on Wednesday, as elevated US Treasury yields and a stalled diplomatic path towards resolving the Middle East conflict put investors on tenterhooks.
The Hang Seng Index fell 0.5 per cent to 25,323.70 as of 9.33am local time. The Hang Seng Tech Index dropped 1.4 per cent.
On the mainland, the CSI 300 Index slid 1.6 per cent and the Shanghai Composite Index retreated 1 per cent.
Higher capital costs have pressured stocks trading at elevated valuations, particularly the......
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19.08.26 - 02:00
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Use of yuan hits 6-month high in Hong Kong′s fast-payment system (SCMP)
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Hong Kong's fast-transfer payments denominated in yuan surged to a six-month high in July, signalling accelerating adoption of real-time cross-border retail payment channels even as mainland Chinese authorities maintain tight controls on capital outflows.
Transaction values through Hong Kong's Faster Payment System (FPS) for yuan reached 350.3 billion yuan (US$60 billion) in July, marking a 34 per cent increase from February, according to official data published by Hong Kong Interbank Clearing......
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