The FinTech Hub
Source: Live Mint Chinese companies listed in Hong Kong are bringing forward dividend payments to the second quarter, a move that may smooth out yuan volatility over the year. The payments, which require the firms to convert yuan into Hong Kong dollars, are set to rise to $36.1 billion for the April-to-June period, almost double…
Source: Live Mint Hong Kong, Asian stocks were mixed Friday after Wall Street retreated from record highs as investors awaited a US jobs report due later in the day. US futures were lower and oil prices were little changed. This week’s highlight for markets will be Friday’s jobs report from the US government, which will…
Source: Live Mint Three people, including a former manager of Hong Kong’s securities watchdog, were charged with conspiring to commit misconduct for allegedly sharing non-public information on a planned rights issue and profiting from it. Kenneth Leung, 30, who was employed as a manager of the Securities and Futures Commission’s investment products division, and Lai…
Source: Live Mint Hong Kong’s third airport runway officially starts operating on Thursday, but there’ll be hardly any additional flight capacity for at least another year. Aircraft movement will grow only up to 4% next summer season — March to October 2025 — according to documents published by the city’s Civil Aviation Department. The slow…
Source: Live Mint (Bloomberg) — Chinese data center firm Zdata Technologies Co. is considering a potential initial public offering in Hong Kong, according to people familiar with the matter. The company, whose clients include JD.com Inc., TikTok-owner ByteDance Ltd. and Tencent Holdings Ltd., has held early talks with prospective advisers as it evaluates the merits…
Source: Live Mint Hang Seng Index of Hong Kong has dropped by 9.4 per cent, which is its biggest decline since 2008. This drop has wiped out its highest gains made during a Chinese holiday. Previously, Zheng Shanjie, the Chairperson of China’s National Development and Reform Commission, stated that China was “fully confident” of accomplishing…
Source: Live Mint Indian stocks continued to face intense selling pressure on Monday, marking the sixth consecutive trading session of decline, underscoring the raising concerns in the market as investors weigh the impact of global geopolitical tensions, particularly between Iran and Israel, alongside the steady selling from the foreign institutional investors. The Nifty 50 and…
Source: Business Standard 2 min read Last Updated : Oct 01 2024 | 11:13 PM IST Trafiksol issues clarification after SME listing deferment Small and medium enterprise (SME), Trafiksol — whose listing was postponed by BSE on account of certain queries raised on the fund raise — informed investors that it will pay…
Source: Business Standard 1 min read Last Updated : Oct 01 2024 | 11:18 PM IST India was the second-best performing major global market during the first half of financial year 2024-25 (H1FY25) after Hong Kong. Singapore, US and China were among the top five best-performing markets. If not for a late surge in…
