Page 30 - Hong Kong

ByteDance rival Kuaishou aims to raise up to $5 billion in HK IPO: Report

Kuaishou has hired Bank of America, China Renaissance and Morgan Stanley to work on the IPO and is looking to file for the float as soon as the end of October

Hong Kong formally objects to US demand for 'Made in China' export label

Commerce Secretary Edward Yau said he formally asked the US consulate to relay Hong Kong's request for withdrawal of the new regulations to US trade officials

Hong Kong completes mass coronavirus screening, 1.78 million tested

Hong Kong has completed its mass Covid-19 screening program launched two weeks ago, with the participation of some 1.78 million people

China announces restrictions on US diplomats' activities in mainland, HK

China has announced new restrictions on the activities of US diplomats working in mainland China and Hong Kong

Hong Kong arrests 15 over 1,200% surge in shares of Next Digital

The arrests were made on suspicion of the use of illegal funds and conspiracy to defraud, Chung Wing-man, chief superintendent of the lnarcotics bureau said

Over 10,000 arrested in connection to social unrest in Hong Kong: Police

As many as 10,016 people have been arrested from June 9, 2019 to September 6, 2020 in connection to chaos and violence in Hong Kong, police officials said

Shares of China's SMIC plunge as Trump considers adding firm to blacklist

HONG KONG (Reuters) - Shares of Hong Kong-listed Semiconductor Manufacturing International Corp <0981.HK> (SMIC) fell as much as 15.2% to HK$20.02, the lowest since June 16, after a U.S. official said it was considering adding the Chinese firm to a trade blacklist.

Chinese regulators vow to expand stock connect in further market opening

Expanding stock connect programme link with Hong Kong among other steps

Hong Kong police arrest nearly 290 at protests over election delay

Anti-government protests erupted last year over a proposed extradition law and spread to include demands for greater democracy and criticism of Beijing's efforts to tighten control over Hong Kong

Goldman Sachs joins Ant Group's up to $30 bn IPO banking syndicate: Report

Ant, backed by Chinese e-commerce giant Alibaba Group, plans to list simultaneously in Hong Kong and Shanghai

UN experts raise concerns over Hong Kong security law, writes to China

In a letter, the experts said that the national security law raised a "serious risk" that fundamental freedoms, such as the freedom of expression and peaceful assembly, may be infringed upon

Yum China to raise $2.2 billion in Hong Kong secondary listing: Report

The company had flagged it would sell 41.91 million shares in the deal and the price is a 4.8% discount to the stock's Thursday closing price of $55.92 in the US

Hong Kong financial firms step up compliance hiring amid US sanctions

Demand for compliance staff has risen by as much as a third from a few months earlier, two headhunters said

Hong Kong media baron Jimmy Lai found not guilty in intimidation case

Magistrate May Chung told a Hong Kong Court on Thursday that she found insufficient evidence to support allegations

Hong Kong begins mass-testing for virus amid public doubts

The virus-testing program has become a flash point of political debate in Hong Kong, with many distrustful over resources and staff being provided by the China

Nearly 500,000 people register for free coronavirus tests in Hong Kong

Hong Kong authorities say nearly half a million people have registered for a free universal coronavirus testing programme that is due to begin on Tuesday

Chinese investors snap up Hong Kong property as new law deters foreigners

In August alone, mainland buyers snapped up at least two office towers and one hotel building worth 386.74 million pounds in total

China's mega banks post worst profit slump in a decade on bad debt wave

Pressured by the government to lend to businesses, loans and advances at the four big banks rose between 7% and 10% in the first half, even though bad debt surged

Hong Kong-based PAG picks 51% stake in Edelweiss Wealth for Rs 2,200 cr

PAG has been an active investor in the Asian region and most of its deals involve taking control as is the case with the latest Edelweiss investment

Job losses loom as Vanguard Group closes Hong Kong, Japan operations

The largest mutual fund company, with roughly $6 trillion in assets under management, said in a statement its Hong Kong business mostly served institutional clients and not retail investors