Markets & Investing
Moody's mulls dropping rating of Huarong Financial Leasing
This comes at the back of Moody’s recent ratings review of its parent company.
Moody's mulls dropping rating of Huarong Financial Leasing
This comes at the back of Moody’s recent ratings review of its parent company.
Market Update: HSI up by 1.42%
The Hang Seng Index (HSI) closed on Wednesday up by 403.58 points or 1.42% at 28,900.83.
Travel site Trip.com to raise $8.47b in global offering
It priced its offer shares at $268.
IPO funds rose eight-fold in the first quarter
The 32 new listings in the first quarter, raised some $132.8b in IPO funds.
Bilibili offers shares at $808
It projects a $20.2b proceeds from the global offering.
Realord Group gains $892m profit in 2020 after suffering 2019 loss
It has recorded a net gain in its property segments upon revaluation of the Qiankeng property.
Gold-backed currency ACUG trading launched
A million digital tokens worth an ounce of gold will be issued in the first launch.
OSL DS goes live in first virtual asset trades in Hong Kong
The OSL platform allows users to trade digital assets, such as Bitcoin and Ethereum.
Sino-Rich fined $7.2m for anti-money laundering breach
The SFC found $930m worth of questionable cash deposits and transfers made within two years.
SFC orders 15 brokers to freeze 32 accounts linked to 'ramp and dump' scam
The total frozen assets amounted to $860m.
Shimao Services records 100% revenue growth since listing
Its profit surged 88.4% to $864m (RMB724m) in 2020.
Cambridge Associates opens new location in Hong Kong
The expansion of the investment firm will respond to the strong demand in the region.
CITIC Telecom poised to further recover in 2021
BOCI Research revised up its forecast to 2.8% and 3.1% in 2021/22E, respectively.
Ion Pacific completes $8.7m secondary investment in Singlife
It purchased secondary shares in the company from several existing shareholders.
Alibaba Health, Longfor Group, Haidilao Int'l to join Hang Seng Index
This comes after the company concluded the review of the Hang Seng Family Indexes for 4Q 2020.
Regnan offers new impact investing fund for Asian investors
It has also hired fund managers.
Jacobson Pharma declares conditional special interim dividend by distribution
It is conditional on the public offer becoming unconditional in all respects.
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