Factbox: Major finance milestones as Hong Kong marks 25 years since handover

A general view of Two International Finance Center (IFC), HSBC headquarters and Bank of China in Hong Kong, China July 13, 2021. REUTERS/Tyrone Siu/File Photo Register now for FREE unlimited access to Reuters.com Register HONG KONG, June 28 (Reuters) – Hong Kong returned to China in 1997 after 156 years of British colonial rule. Here … Read more

Hong Kong’s top finance executives bank on city to thrive as gateway to China

HONG KONG, June 27 (Reuters) – In 1997, the world watched as Britain returned Hong Kong to Chinese rule, with some pessimistic or wary about the outlook for the city and its role in the global financial system. Twenty-five years later, Hong Kong has so far retained its status as a financial hub, and some … Read more

SoftBank overseas business chief exits in latest churn

The logo of SoftBank Group Corp is displayed at SoftBank World 2017 conference in Tokyo, Japan, July 20, 2017. REUTERS / Issei Kato / Register now for FREE unlimited access to Reuters.com Register TOKYO, June 22 (Reuters) – Japan’s SoftBank Group Corp (9984.T) said on Wednesday it has appointed Alex Clavel as chief executive of … Read more

EXCLUSIVE China’s central bank accepts Ant’s application for financial holding company- sources

A logo of Ant Group is pictured at the headquarters of Ant Group, an affiliate of Alibaba, in Hangzhou, Zhejiang province, China October 29, 2020. REUTERS/Aly Song Register now for FREE unlimited access to Reuters.com Register PBOC taking application signals license may come soon – sources Financial holding license to pave way for Ant market … Read more

China takes steps to ease up on regulatory crackdown as economy slows

HONG KONG, June 9 (Reuters) – Beijing has given tentative approval for Ant Group to revive its initial public offering (IPO) in Shanghai and Hong Kong, two sources told Reuters on Thursday, the biggest sign yet of a cooling of Beijing’s tough stance on the technology sector. Ant, an affiliate of Chinese e-commerce behemoth Alibaba … Read more

Deloitte denies media reports on restructuring plans

Offices of Deloitte are seen in London, Britain, September 25, 2017. REUTERS / Hannah McKay / Files Register now for FREE unlimited access to Reuters.com Register June 9 (Reuters) – Deloitte, one of the “Big Four” accounting firms, said late on Wednesday that media reports about the company exploring a plan to split its global … Read more

Dubai business park operator TECOM plans July listing

DUBAI, June 9 (Reuters) – Dubai plans to sell a 12.5% ​​stake in business park operator TECOM Group in an initial public offering (IPO) that will list its shares on the emirate’s exchange, the company said in a statement on Thursday. It is the second offering from the emirate this year after Dubai Electricity and … Read more

ABB delays IPO of e-mobility business citing ‘challenging’ market

An ABB Group EV charger for electric buses is seen through a fence, at an LA City Transportation Department (LADOT) DASH transit bus maintenance facility in downtown Los Angeles, California, US, August 21, 2021. REUTERS / Bing Guan / File Photo Register now for FREE unlimited access to Reuters.com Register ZURICH, June 7 (Reuters) – … Read more

Citadel, AQR’s flagship portfolio far outpacing the broader stock market

A Wall Street sign outside the New York Stock Exchange in New York City, New York, US, October 2, 2020. REUTERS / Carlo Allegri Register now for FREE unlimited access to Reuters.com Register NEW YORK, June 6 (Reuters) – Hedge funds AQR and Citadel posted rises in their flagship portfolios last month that outpaced the … Read more

Amazon stock split may draw retail traders in tough market

The logo of Amazon is seen at the company’s logistics center in Bretigny-sur-Orge, near Paris, France, December 7, 2021. REUTERS / Gonzalo Fuentes / Files Register now for FREE unlimited access to Reuters.com Register NEW YORK, June 6 (Reuters) – Amazon’s (AMZN.O) stock split may provide some solace to shareholders who have seen the e-commerce … Read more