Why are the Hong Kong authorities still in awe of HSBC?

Lord Hain believes that HSBC needs to be investigated for “possible criminal conspiracy” over money laundering for South Africa’s Gupta family who, in turn, are alleged to have unlawfully profited from ties to President Jacob Zuma. These allegations ... ( read original story ...)

Breakingviews – Hong Kong’s IPO market is turning Chinese

HONG KONG (Reuters Breakingviews) - Hong Kong’s listing market looks more Chinese every day. China Literature, the online publishing arm of mainland tech colossus Tencent, smashed the chandeliers in its $1.1 billion Hong Kong debut, soaring more than 80 ... ( read original story ...)

IPO fever hits Hong Kong market as 1-in-20 people try to buy

Hong Kong demand for new share sales has hit fever pitch, with 417,000 people applying for lots in Tencent Holdings Ltd.’s online bookstore unit - more than 5 per cent of the city’s population. China Literature Ltd.’s retail offering was 625 times ... ( read original story ...)

Tencent unit China Literature skyrockets 90% in Hong Kong IPO

The global frenzy for technology stocks sent shares of China Literature Ltd. surging on their first day of trading in Hong Kong. China Literature’s 0772, +0.00% shares started trading above 90 Hong Kong dollars (US$11.53), compared with the offer ... ( read original story ...)

China Literature shares soar 82% in Hong Kong after IPO

Shares in Tencent’s e-book subsidiary China Literature rocketed 81.8 per cent after trading in Hong Kong opened on Wednesday in the biggest tech IPO in the market in ten years. China Literature raised HK$8.3bn ($1.1bn) in a heavily oversubscribed IPO ... ( read original story ...)

Hong Kong stocks flat as car makers gain, financials slide

Hong Kong stocks swung between gains and losses on Wednesday as increases in automobiles and technology shares were offset by declines in financials and the property sector. The Hang Seng Index had eased 0.08 per cent by mid-morning to 28,971.70, as shares ... ( read original story ...)