Balfour Beatty emerges from US oversight scheme after fraud against military Transport & Infrastructure There was a “landmark moment” for FTSE 250 firm Balfour Beatty on Monday, with the announcement that its US subsidiary emerged from special scrutiny from the Department of Justice (DoJ). The news came as both a reminder of the global reach of London’s major support services sector and the pitfalls it can face from complex, [...]
Regulator fines PwC £95m over Chinese Evergrande audit Big Four The Hong Kong regulator fined PwC Hong Kong a landmark HK$1bn (£95m) for its role as auditor for the now-liquidated property giant, China Evergrande Group. Back in Janaury 2023, PwC resigned as Evergrande’s auditor following a series of disagreements with the heavily-indebted property developer over its audit of the firm’s 2021 accounts. This came after [...]
Hong Kong exchange reports record profits as listings rocket Markets Hong Kong’s stock exchange operator has posted a second consecutive year of record profits, after the city became one of the top listing destinations globally, following a slump. Net profit rose 36 per cent to HK$17.8bn (£1.7bn) in 2025, Hong Kong Exchanges and Clearing confirmed. Core business revenues, which include fees from trading and clearing [...]
Why your mobile phone is now more valuable than your passport December 8, 2025 Partner content, in association with NOTO. A £6 trillion global financial cybercrime epidemic is being fought with technology that in some cases predates the smartphone, leaving financial institutions and consumers exposed, an expert has warned. Chris Thomas, Chief Revenue Officer at NOTO, a company providing next generation technology to combat financial crime, highlighted that the [...]
The Gulf gamble: American and British law firms racing to Saudi Arabia October 30, 2025 Saudi Arabia is rapidly becoming the focus of global legal attention. But this shift is not merely speculative; it is part of a calculated move by the Kingdom to attract world-class expertise. The Kingdom of Saudi Arabia changed its law two years ago to allow foreign law firms to operate independently, as part of its [...]
NBA matches to be staged in China for first time since 2019 October 10, 2025 China will host NBA matches for the first time since 2019 this weekend after six years of being frozen out due to a dispute over Hong Kong. One of the basketball league’s managers stated their support for pro-democracy protestors in Hong Hong back in 2019 and China has since held a hard line on matches [...]
HSBC shares sink on play to take control of Hong Kong bank October 9, 2025 HSBC shares tumbled on Thursday morning as the bank laid out plans to suspend its buyback program in order to buy out minority shareholders in Hong Kong’s Hang Seng Baak. The FTSE 100 banking juggernaut has offered to pay HK$155 per share for the 36 per cent not already owned by the bank. The proposal [...]
Shein files for Hong Kong IPO as London listing prospects wane July 8, 2025 Shein has filed for an initial public offering in Hong Kong as the prospects for the firm’s London listing continue to wane. The Singapore-based business last week confidentially filed a draft prospectus for the Hong Kong Exchange and sought approval from the China Securities Regulatory Commission (CSRC), according to the Financial Times. The fast-fashion firm [...]
Totally Wicked: Vapes giant sold to Chinese investor June 26, 2025 Family-owned vapes retailer Totally Wicked has been sold to a Chinese investor, it has been revealed. The Lancashire-headquartered company, which was founded in 2008 by Jason Cropper, has been acquired by Wittyace UK Holding. The business is controlled by Chinese national Ying Wang and is registered in Cambridge. It is ultimately owned by Wittyace Hk Holding [...]
Shein eyes Hong Kong for IPO as London listing stalls May 28, 2025 Fast-fashion giant Shein is reportedly working towards a Hong Kong initial public offering (IPO) after failing to secure approval from Chinese regulators for its London listing. The Singapore-headquartered company aims to file a draft prospectus with Hong Kong’s stock exchange in the next few weeks, according to Reuters. The move comes as a blow to [...]