The growth was led by Asia-Pacific, with China, Hong Kong, Macau and Taiwan showing the most activity. Asia-Pacific markets accounted for nearly half the global proceeds from initial public listings, and 70 per cent of the global number of IPOs. ( read original story ...)
BRIEF-Shaanxi Kanghui Pharmaceutical sets IPO pricing
* Says it plans to issue up to 24.97 million shares at 14.57 yuan ($2.11) per share to raise 363.81 million yuan for its Shanghai IPO Source text in Chinese: bit.ly/2nJzhrx ($1 = 6.9029 Chinese yuan renminbi) (Reporting by Hong Kong newsroom) ( read original story ...)
May lobbies to get Aramco IPO listed in London
The plan will see 5% of the company listed publicly in an IPO worth between $50 billion and $100 billion -the world's biggest by market capitalisation. London is vying with other financial centres such as New York, Hong Kong, Toronto and Singa pore to play ... ( read original story ...)
Hong Kong targeting home glory in series qualifier
Twelve teams will contest the men's Hong Kong qualifier with the winner taking a core spot on the HSBC World Rugby Sevens Series 2017-18. Every year Hong Kong not only plays host to a crucial round of the HSBC World Rugby Sevens Series but also to a ... ( read original story ...)
Hong Kong to strengthen private banking talent pool
Several players in Hong Kong’s private banking industry are launching a new apprenticeship programme in an attempt to attract new talent. Designed to provide specialised professional training to students, the multi-year programme will help strengthen the ... ( read original story ...)
Hang Seng Bank Ltd. (HSNGY) Upgraded to Hold by Zacks Investment Research
According to Zacks, “HANG SENG BANK is a world-class financial institution and one of Hong Kong’s largest listed companies in terms of market capitalisation. In keeping with our name, which means ever-growing in Chinese, we are growing alongside our ... ( read original story ...)
Hong Kong stocks slip on Fed minutes before Trump-Xi meeting
The benchmark Hang Seng index dropped 0.5 per cent at the close, to 24,273.72 points, while the Hong Kong China Enterprises Index lost ... on news that most Fed policymakers think the central bank should take steps to begin trimming its king-sized balance ... ( read original story ...)
Hong Kong stocks dip at open
HONG KONG: Hong Kong stocks eased in the first few minutes of trade Thursday following losses on Wall Street that came in reaction to minutes from the Federal Reserve showing it is considering tightening monetary policy. The Hang Seng Index slipped 0.35 ... ( read original story ...)
Zacks: Hang Seng Bank Ltd. (HSNGY) Given $22.35 Consensus Price Target by Brokerages
Hang Seng Bank Ltd. (NASDAQ:HSNGY) has received an average broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy ... ( read original story ...)
Hong Kong stocks lose ground as summit day arrives; mainland indexes higher as ‘Xiongan concept’ rally continues
Among the so-called “Xiongan concept” stocks, Beijing-based cement maker BBMG Corp’s Hong Kong shares fell 6.7 per cent to HK$4.5 while its Shanghai shares jumped 10 per cent for a second straight day to 5.6 yuan. China Gas, which has business in ... ( read original story ...)
Soaring rents may expose flaws in longtime economic theory: Don Pittis
After moving into journalism, he was principal business reporter for Radio Television Hong Kong before the handover to China. He has produced and reported for the CBC in Saskatchewan and Toronto and the BBC in London. He is currently senior producer at CBC ... ( read original story ...)
Hong Kong financial institutions aim to partner with FinTech firms: survey
HONG KONG, April 6 (Xinhua) -- PricewaterhouseCoopers (PwC), a multinational professional network, launched its 2nd Global FinTech Survey, showing that 82 percent of financial institutions in Hong Kong intend to form partnerships with financial technology ... ( read original story ...)
25-Year-Old May Soon Give Hong Kong Its First $1 Billion Startup
Hong Kong may soon get its first billion-dollar startup, thanks to a 25-year-old entrepreneur whose company leases phones to travelers. Tink Labs Ltd. is in the process of raising about $40 million and aiming for a valuation of more than $1 billion ... ( read original story ...)
Out-of-control double-decker tram overturns in Hong Kong leaving 14 injured as police arrest driver on suspicion of dangerous driving
Lo is said to have been a tram driver for a year and a half. The footage, released by Hong Kong news website Apple Daily, shows the vehicle veering to the right before toppling over on Des Voeux Road Central near the HSBC headquarters. The tram was ... ( read original story ...)