HONG KONG May 24 WuXi Biologics (Cayman) Inc, a Chinese contract drug research and development company, plans to launch on Thursday an initial public offering of up to $513 million in Hong Kong, IFR reported, citing people close to the deal. The company is ... ( read original story ...)
As BoC readies today’s decision, there’s ‘more to fear now than fear itself’
“The BoC can take some comfort in the cautious tone delivered ... with the loonie worth just about 74 cents (U.S.). Tokyo’s Nikkei gained 0.7 per cent, while Hong Kong’s Hang Seng and the Shanghai composite each rose by about 0.1 per cent. ( read original story ...)
Fitch Affirms China’s 5 State Banks at ‘A’; Outlook Stable
Hong Kong Primary Analyst (BOC, CCB) Katie Chen Director +886 2 8175 7614 Secondary Analyst (BOC, CCB) Grace Wu Senior Director +852 2263 9919 Secondary Analyst (ICBC, BOCOM) Jack Yuan Associate Director +86 21 5097 3038 Secondary Analyst (ABC) Jaclyn Wang ... ( read original story ...)
HSBC makes ‘big bet’ on Canada in bid for more market share
HSBC Holdings Plc is getting aggressive in Canada -- and one ... and we’ve got a real focus now on China, a great corridor with Hong Kong. We’re really well positioned.” The Canadian operations are a “Top Five” producer of profit before taxes ... ( read original story ...)
Hong Kong cops arrest 21 Uber drivers in latest crackdown
Hong Kong police launched a fresh crackdown Tuesday on Uber, arresting 21 drivers suspected of working for the ride-hailing giant in the Asian financial centre. It's the latest regulatory headache for Uber, which already is fighting a similar case in Hong ... ( read original story ...)
Hong Kong police arrest 21 Uber drivers in latest crackdown
Hong Kong police launched a fresh crackdown Tuesday on Uber, arresting 21 drivers suspected of working for the ride-hailing giant in the Asian financial center. It's the latest regulatory headache for Uber, which already is fighting a similar case in Hong ... ( read original story ...)
BOC Hong Kong : BOCHK Takes the Lead in Bringing Apple Pay to BOC Card Customers
BOCHK Takes the Lead in Bringing Apple Pay to BOC Card Customers Offering UnionPay Debit Card Cardholders an easy, secure and private way to pay Bank of China (Hong Kong) ("BOCHK") today becomes one of the first banks in Hong Kong to bring Apple Pay to ... ( read original story ...)
Hong Kong police arrest 21 Uber drivers
HONG KONG Hong Kong police on Tuesday arrested 21 Uber drivers for illegal car-hiring as part of an ongoing clamp down against Uber Technologies Inc's operations in the Asian financial city. The arrests marked the latest upset for the San Francisco-based ... ( read original story ...)
Hong Kong police arrest 21 Uber drivers for illegal car hiring
Hong Kong police on Tuesday arrested 21 Uber drivers for illegal car-hiring as part of an ongoing clamp down against Uber Technologies Inc’s operations in the Asian financial city. The arrests marked the latest upset for the San Francisco-based ... ( read original story ...)
Hong Kong’s Cathay Pacific cuts 600 jobs as it faces rising competition
Cathay Pacific Airways said on Monday it’s laying off nearly 600 staff at its headquarters in its biggest round of firings in two decades as it faces rising competition from rival carriers and tough business conditions. The Hong Kong airline said it ... ( read original story ...)
Hong Kong leader Leung Chun-ying should answer Legco’s questions over UGL saga, says committee chairman
Hong Kong leader Leung Chun-ying should testify before the legislature if he wants to argue his case over cash he took from an Australian company, said the head of the committee looking into the payments. Paul Tse Wai-chun, chairman of the Legislative ... ( read original story ...)
Cathay Pacific laying off 600 as it blames ‘rising pressure’
Hong Kong airline Cathay Pacific Airways said Monday it's laying off nearly 600 staff at its headquarters as it faces rising competition from rival carriers and tough business conditions. The airline said it plans to axe about 190 managers, or a quarter of ... ( read original story ...)
Hong Kong’s Cathay lays off 600 as it faces rising pressure
Hong Kong airline Cathay Pacific Airways said Monday it's laying off nearly 600 staff at its headquarters as it faces rising competition from rival carriers and tough business conditions. The airline said it plans to axe about 190 managers, or a quarter of ... ( read original story ...)
Hong Kong bank branches aren’t closing – but they are evolving digitally
“The smartphone is really the new branch for transactional needs, so it basically gives Citi a branch network in the millions,” claimed Angel Ng, Citibank’s country business manager, Hong Kong. “In terms of physical footprint, branches remain ... ( read original story ...)