Move to attract more Gulf companies to list comes as government advisory body studies Islamic finance to align the city’s financial infrastructure with the needs of the Middle East.
Budget airlines Frontier, Allegiant and Sun Country all reported outages during a major technical disruption to Microsoft’s Azure cloud.
Hong Kong stocks tumbled on Friday after China’s third plenum announcement was light on details about measures to boost economic growth.
The alliance will launch an alternative wholesale investment product later this year for family offices and institutional investors, SHK&Co deputy CEO Tony Edwards said, without divulging details.
The Chinese premium EV start-up backed by Renault and state-owned Dongfeng Motor has signed agreements with supply chain partners and financial institutions to accelerate its aim of establishing the first ‘Made in Hong Kong’ car brand.
In an internal letter, Zong blames her resignation on the district government and some shareholders who questioned her legitimacy as the company’s leader.
BMW’s decision to stop offering discounts could trigger others like Audi and Mercedes-Benz to follow suit as mainland China’s price war hurts automakers’ financials.
Hong Kong tech stocks clawed back losses posted amid concerns about further US restrictions on chip sales to China.
The Tongling, Anhui-based chain’s application comes as proceeds from new share listings in Hong Kong slumped 35 per cent year on year in the first half.
The German lender wants the region to contribute at least 15 per cent of its global revenue in the next two to three years as it hires senior bankers for its investment advisory, wealth management and private bank in the region, says CEO.
Local investors would only consider reallocating from cash and deposits into investment products when interest rates come down to 2.5 per cent, according to a survey by the Hong Kong Investment Funds Association.
Great Wall Motor, mainland China’s largest SUV maker, will suspend production of its “Tank” branded vehicles for a week at the end of this month, citing extreme weather as the country’s northwest and eastern regions grapple with a brutal heatwave.
Jinko Solar, TCL Zhonghuan and Envision Energy will join Saudi Arabia’s Public Investment Fund and a private firm to expand their global footprints amid US and EU trade barriers and competition at home.
Noel Quinn announced his retirement in April, after five years on the job, that involved pushing HSBC to resume paying dividends amid a revolt led by its biggest shareholder.
The admonishment from the regulator of state-owned assets comes as the 440 listed companies based in Shanghai are lagging well behind the benchmark CSI 300 Index this year.
Republican presidential candidate said he supports TikTok even as a potential ban looms if Chinese-parent company ByteDance fails to divest the short video app’s US assets.
Hong Kong stocks rangebound as investors awaited policy announcements from China’s third plenum.
Wood is known for making outsize predictions, including her call that bitcoin would reach as much as US$1.48 million by 2030.
China Grand Automotive Service is set to be expelled from the Shanghai Stock Exchange after its shares traded below their par value for 20 straight days, the latest sign of cracks appearing in the world’s largest vehicle market.
HSBC Infrastructure Finance will tap infrastructure financing and advisory opportunities associated with the transition to a low carbon economy.
The largest position on any given day will not exceed 8 billion yuan (US$1.1 billion) ‘to hedge its exposure to cross-border investment risks and overseas market volatilities’.