Hong Kong securities industry posts $6.58 billion first-half profit on record transactions
The Hong Kong securities industry posted a net profit of HK$51.7 billion ($6.59 billion) in the first half of 2026, up 21% from the second half of last year, the…
Citic Securities sets the stage for leadership transition
Leading brokerage Citic Securities Co. Ltd. (6030.HK; 600030.SH) has set the stage for a leadership transition that will see the retirement of veteran Chairman Zhang Youjun, financial media Caixin reported…
Qfin CEO resigns as chief executive to lead international expansion
Online loan facilitator Qfin Holdings Inc. (QFIN.US; 3660.HK) said on Sunday that Wu Haisheng will resign as the company’s CEO to focus on developing its international business. In his place,…
Baiwang forms enterprise credit technology joint venture
Digital invoice and tax services provider Baiwang Co. Ltd. (6657.HK) said on Monday it has agreed to form a joint venture engaged in enterprise credit technology and services with three…
Waterdrop revenue jumps, but profit falls on swelling marketing expenses
Insurance services provider Waterdrop Inc. (WDH.US) on Tuesday reported its revenue jumped 72.8% year-on-year to 1.45 billion yuan ($216 million) in the second quarter, driven by improvements in its risk…
Baige Online’s MaaS revenue jumps nearly 5.8 times through August
Internet insurance technology services provider Baige Online Digital Technology Co. Ltd. (2672.HK) announced on Sunday that revenue from its Model-as-a-Service (MaaS) business reached about 47.4 million yuan ($7.06 million) in…
Swire sells down Cathay Pacific stake at 7% discount, raising $613 million
Conglomerate Swire Pacific Ltd. (0019.HK) on Wednesday announced a placement of nearly 363 million shares of Cathay Pacific Airways (0293.HK) — representing 5.96% of the airline's issued shares — to raise HK$4.79 billion ($613…
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