Hong Kong Discussion

Under the “Patriots Governing Hong Kong” ordinance, the China Securities Regulatory Commission approves the Argentine Champions League to be promoted to the CEO of the Hong Kong Stock Exchange | Apple Daily

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The Hong Kong Stock Exchange (388) announced last month the appointment of Nicolas Aguzin, a senior executive of the US investment bank JP Morgan Chase, as the new chief executive. “To create market doubts, the China Securities Regulatory Commission gave the green light today, referring to the written approval in accordance with Article 70 of … Read more

Zoom’s revenue surged by 369% last quarter, Cheng Ge’s net worth increased by 3.9 billion, Weilai lost nearly half of last quarter after eroding 1.4 billion market | Apple Daily

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Video conferencing software Zoom announced its fourth-quarter results last year after the market. Revenue surged by 369% to US$882.5 million, beating market expectations of US$811.8 million. Net profit rose from US$15.3 million a year ago to US$260.4 million; adjusted Earnings per share rose to US$1.22, beating analysts’ forecast of US$0.79. Zoom’s annual profit was nearly … Read more

Budget | Finance officials all support and increase stock stamp duty Xu Zhengyu: Plan B will not be implemented in August | Apple Daily

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[Added Xu Zhengyu’s response]The government expects to still record a deficit before 2026, so it is considering levying new taxes to increase revenue. Financial Secretary Chen Maobo attended the joint radio show this morning after his new budget was released yesterday. It was revealed that it had considered increasing salaries tax and profits tax, and … Read more

Bloomberg: HSBC renews its strategy of returning to Asia and several senior executives will be transferred from London to Hong Kong | Apple Daily

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HSBC (005) will announce its 2020 annual results next Tuesday (23rd). Bloomberg reported that the group is considering relocating a group of high-level executives from its London headquarters to Hong Kong to strengthen its Asian presence and will re-appoint its chief executive officer. Ou Zhihua’s strategic positioning of “Pivot to Asia”. “Bloomberg” earlier stated that … Read more

Celebrities Selling Goods｜Following Chen Zhiyun’s Sale of Buildings, Wang Xi’s 5.2 Million Sale of He Wentian Unit: “Cash is King, please feel at ease” ｜ Apple Daily

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Following the sale of “confidant” Chen Zhiyun earlier, artist Wang Xi also shipped the goods. According to market news, Wang Xi or related parties recently sold high-rise units in Ho Man Tin Man On Building for about 5.2 million yuan, earning about 3 million yuan. The high-rise unit of Man On Building on Ho Man … Read more

The State Council’s Anti-Monopoly Guidelines Released Beijing Court Accepts Douyin’s Prosecution against Tencent

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The Anti-Monopoly Commission of the State Council today officially released the “Guidelines for Anti-Monopoly in the Field of Platform Economy”, stating that platform operators may “choose one of two” among competing platforms, which may constitute an abuse of market dominance. According to mainland media reports, Douyin’s antitrust lawsuit against Tencent (700) was also accepted by … Read more

GameStop takes short positions | Hedge funds lose hundreds of billions of dollars in a single month. Muddy waters say some hedge funds may kill each other with short positions | Apple Daily

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GameStop’s short position seems to be diminishing. According to IHS Markit data, the proportion of GameStop’s short positions in the circulating market value has dropped from 114% in mid-January to the latest 39%. This is no longer the extreme situation earlier. As for the data from S3 Partners, the proportion of GameStop’s short positions has … Read more

Analysis: The risk of ant’s valuation downgrade is high. Alibaba’s stock price may fall below 200 yuan. It is not suitable to make a bottom at this stage. | Apple Daily

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The Ant Group, a subsidiary of Alibaba (9988), was interviewed by the regulator again and put forward rectification requirements for five key business areas. Some analysts believe that the relevant rectification will completely change the business model of Ant’s micro-loan business, and the future profit contribution will be greatly reduced, and the risk of valuation … Read more

Virtual Bank changes coaches | WeLab Bank CEO Xie Xuehai resigns and officially leaves early next year | Apple Daily

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In the virtual banking sector, where high-level positions often appear, news of a coaching change has come out again. This time it is WeLab Bank, a Hong Kong-produced virtual bank. It is reported that Xie Xuehai, who only took the helm of the chief executive officer at the beginning of this year, has resigned due … Read more