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Thursday, November 26, 2020
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Tag: Hong Kong

Shanghai Emerges as World’s Leading IPO Destination in the First Quarter of 2020

Shanghai took first place internationally in terms of the collective value of the initial public offerings (IPO) it hosted in the first...

PBOC Issues 30B Yuan in Central Bank Bills via Hong Kong

The People's Bank of China (PBOC) successfully issued 30 billion yuan in central bank bills in Hong Kong on 14 August.

People’s Bank of China Issues 20B Yuan in Central Bank Renminbi Bills via Hong Kong

The People's Bank of China (PBOC) has auctioned 20 billion yuan ( approx. USD$3 billion) in central bank bills via Hong Kong,...

Hong Kong Wants to Serve as Springboard into Chinese Fintech Market

Hong Kong authorities say that the special autonomous region (SAR)  can serve as a base for fintech companies hoping to expand into the mainland...

Smartphone Giant Xiaomi Plans to Open Virtual Bank in Hong Kong

Chinese smartphone giant Xiaomi hopes to expand its presence into the fintech sphere with plans to launch a virtual bank in Hong Kong. According to...

Shenzhen’s GDP Outstrips Hong Kong and Singapore’s

The latest official data indicates that the GDP of the southern Chinese manufacturing hub of Shenzhen ranks third amongst major Chinese cities. The latest official...

Central Bank Says It Will Cement Hong Kong’s Position as RMB Hub

People's Bank of China vice-governor Fan Yifei (范一飞) said that the central bank will help Hong Kong to further consolidate its position as a hub...

Beijing Mulls Yuan-denominated IPO’s in Hong Kong for Blue Chip Belt and Road Projects

The Chinese government is giving consideration to allowing top-tier Belt and Road-affiliated companies to raise funds via yuan-denominated listings in Hong Kong, in a...

Hong Kong Still Asia’s Biggest Real Estate Investment Draw

Capital flows from mainland Chinese investors have helped Hong Kong to retain its position as Asia's leading property investment destination. A new report from ULI...

Bond Connect Launch Expands Foreign Access to China’s $9tn Debt Market

The launch of the long-anticipated Bond Connect scheme between Hong Kong and mainland China will provides foreign investors with improved access to the later's...

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Structured Deposits of Chinese Banks See Record Drop of over 1 Trillion Yuan in October

Structured deposits at Chinese banks have posted a record monthly drop for 2020 in October after rising to unprecedented levels earlier in...

Ningbo Launches Trials of Blockchain-driven Insurance Claims System

The Zhejiang-province port city of Ningbo has kicked off trials for the use of blockchain technology to automate the processing of insurance...

PBOC Steps up Pressure on Chinese Payments Platforms with Doubling of Penalty Amounts

The Chinese central bank has heightened its scrutiny of the payments sector with a sharp increase in the value of penalties imposed...

China Construction Bank Withdraws from Digital Bond Issuance Due to “Over-excitement” in Cryptocurrency Circles

One of China's big six state-owned banks has withdrawn from plans to issue digital bonds in collaboration with a digital assets exchange...