Hong Kong’s Jacobson Pharma Raises $64 Million For M&A

Currently, Jacobson's business involves traditional Chinese medicines for the Hong Kong market. One year ago, Jacobson completed an $85 million IPO on the Hong Kong exchange, 45% of which was earmarked for strategic acquisitions. ( read original story ...)

Yum China Announces New Replacement for CEO

Before joining Watson, Wat spent seven years in management consulting, including with McKinsey & Company's Hong Kong office from 2000 to 2003. The company anticipates the continued rise of a new generation of younger consumers who are digitally ... ( read original story ...)

Citigroup considering onshore cash equities business in China

HONG KONG (Reuters) - Citigroup Inc (C.N) is considering setting up an onshore cash equities business in China and expanding research coverage of Chinese stocks, to boost its share of the business in Asia, said the head of its regional equities unit. ( read original story ...)

HSBC Traders Used Code Word to Trigger Front-Running, U.S. Says

With just four words, Mark Johnson allegedly passed a secretive signal to fellow HSBC Holdings Plc currency traders to launch ... in which Johnson allegedly tipped off a trader in Hong Kong. That signal eventually reached others on both sides of the ... ( read original story ...)

HSBC, Hang Seng back down on cash deposit machine disputes

Two customers who suffered a combined loss of HK$20,000 from malfunctioning cash deposit machines (CDMs) operated by HSBC and Hang Seng Bank got their money back. The two said the banks at first refused to make compensation or allow them to review CCTV ... ( read original story ...)

Secret code set in motion HSBC’s currency scheme, US says

US District Judge Nicholas Garaufis ruled today the jury can listen to the recordings, in which Johnson allegedly tipped off a trader in Hong Kong. That signal eventually ... a US$8 million profit for his bank. HSBC was hired by Cairn to convert the ... ( read original story ...)

How To Get Declined For Your HK Bank Application

Want to get declined for your bank account application in Hong Kong? Then you’re in the right place! Of course you don’t want to get rejected when applying for your Hong Kong business bank account, but today I want to have some fun and give you some ... ( read original story ...)

U.S. Mortgage Rates Rise, Highest Levels in 6 Weeks

According to a report by real estate consultant JLL and The Business of Cities, London, New York, Paris, Singapore, Tokyo, Hong Kong and Seoul are among the seven most competitive cities in the world. According to the Mortgage Bankers Association's Weekly ... ( read original story ...)

Why Taiwanese corporates flock to A/H share markets for IPOs

Since June of 2016, seven Taiwanese companies have completed debut IPOs in mainland China and Hong Kong, raising a combined total of US$438.78 million. To put into perspective, this is over half the amount raised through IPOs on the Taiwan Stock Exchange ... ( read original story ...)