Markets & Investing
Quantum Thinking profit rebounds $16.7m after 2020 loss
Quantum Thinking profit rebounds $16.7m after 2020 loss
The Group recorded a $26.7m loss last year.
New measure raises stamp duty
It will increase the rate to 0.13% starting 1 August.
Angelalign estimates $2.51b net proceeds in global offering
Its offer price ranges from $147-173 per share.
S&P downgrades Hong Kong and China Gas to “A-“ over weaker financials
Despite this, the firm maintained its “stable” outlook.
Hong Kong-Mexico investment pact to take effect on 16 June
The agreement ensures fair, equitable and non-discriminatory treatment of investments.
“Boiler room” fraudsters ordered to compensate 75 investors
Victims of the scam have not been able to recover their investments.
Online brokerage Futu secures “BBB” S&P rating
It is the first online brokerage in Asia Pacific to obtain an international rating.
StanChart unit, BC Group to create crypto-exchange platform
It will target corporate clients in the UK, and Europe.
Vaccination “critical” in operational risk management: SFC
The SFC has issued a circular asking corporations to review their continuity plans.
HK sets licensing requirement for crypto exchange
Foreign firms will need to obtain a license as a virtual asset services provider.
Gov’t wants to raise loan limits in bond programmes
The proposal will increase borrowing limits to $300b and $200b in two government bond programmes.
SFC calls for vigilance on online investment scams
In a simulation of the stock scam, the SFC lured 24,000 potential investors.
Revere VC raises $1.35m in latest seed round
This is intended to provide a more holistic way to invest in venture capital.
SF REIT eyes up to $2.68b in first global offering
The logistics-focused REIT will price its offer between $4.68 and $5.16 per unit.
Market Update: HSI extends loss, down 0.04%
The Hang Seng Index extended its recent losses, closeing down marginally by 0.04% or 11.29 points to end at 28,941.54 on Tuesday. This comes as...
Market Update: HSI down 0.43% as overseas virus resurgence worries weigh
The Hang Seng Index closed down 0.43% or 125.92 points to end at 28,952.83 on Monday, as fears over the resurgence of COVID-19 in overseas markets...
Market Update: HSI ends week up 1.12% on tech, healthcare gains
The Hang Seng Index (HSI) closed the week up by 323.41 points or 1.12% at 29,078.75 amidst gains in tech and healthcare shares due to fears over COVID...
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Commentary
Progressive rating system to impact mid-to-luxury residential properties in Hong Kong