Financial Services
Hong Kong eyes $100b fund for green financing
Hong Kong eyes $100b fund for green financing
The fund will be used to implement the Government Green Bond Programme.
Government increases shareholding in HKEX to 6%
The move enables the authority to pitch in for HKEX’s development.
Heightened Mainland lending pose risks to Hong Kong banks after rising 21% in 2017
The bulk of PRC lending is geared towards lower credit quality firms like SMEs.
Standard Chartered to split Asia operations into Hong Kong and Singapore hubs
The move aims to curb costs and simplify the bank's structure.
Thriving IPO scene under threat as the Mainland eyes similar bourse reforms
China is reportedly mulling lower thresholds for biotech firms to list.
Sunny Optical stock rallies by a whopping 9,500%
The Mainland lens producer is now worth $22b.
How is the younger generation changing Hong Kong's consumer credit market?
The volume of unsecured products bought by Generation Z or consumers born 1995 or later ballooned by 63%.
Xiaomi reportedly plans $3b Chinese Depository Receipts in mega IPO
It may raise 30% of shares in the Mainland and the rest in Hong Kong.
Blockbuster IPOs buoy Hong Kong loans 17.1% in April
The city is hosting the back-to-back flotations of Xiaomi and China Tower.
Hong Kong inks deal with Germany for cross-border securities regulation
It was signed by the Securities and Futures Commission and Bundesanstalt fur Finanzdienstleistungsaufsicht.
SFC slaps wealth management firm Noah Holdings with $5m fine
The company sold unsuitable investment products as a result of defective risk profiling questionnaires.
SFC slaps Hang Seng Bank's investment arm with $3m fine
The firm failed to comply with cash management guidelines involving SFC funds.
Approved mortgage loans down 5.6% to $37.3b in April
However, the number of mortgage applications rose to 14,898.
Hong Kong loses to Singapore in open banking readiness
Lack of clear guidelines from the central bank weighed on the city's competitiveness.
Virtual banks are no longer a thing of the future in Hong Kong
The central bank is aiming to award licenses towards the end of the year.
Iceland biotech firm mulls US$350m pre-IPO fundraising
Alvotech’s potential IPO is another win for Hong Kong bourse which recently liberalised its listing regime.
Alibaba sells medical assets to Hong Kong arm for $10.6b
Alibaba Health Information Technology will control the Tmall and adult products business.
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