Reuters reports that The Hong Kong Securities and Futures Commission (SFC) had been investigating UBS’s role as a sponsor — or lead underwriter — of some IPOs listed on the Hong Kong Stock Exchange, it said. “In March 2018, the SFC issued a ... ( read original story ...)
Hong Kong tycoon linked to offshore tax havens flipping $18M Vancouver house through shell company
A Hong Kong property tycoon known as the “King of Shell Companies,” whose name appears in the Offshore Leaks database of tax haven clients, is trying to sell a house in Vancouver Westside for $18.88 million after buying it just three months ago for $14 ... ( read original story ...)
Wealth management in an era of robots, regulation, and new money
I’m delighted to be joined on the line by Joe Ngai, who is a partner in McKinsey’s Hong Kong office. Joe is the managing partner of McKinsey’s offices in Greater China overall. Joe, thanks very much for taking the time to speak. Joe Ngai: Of course. ( read original story ...)
Bitcoin start-ups in Asia take aim at remittances market
Used as a transfer mechanism rather than a currency, bitcoin circumvents banks’ transaction fees. Start-ups such as Bitspark in Hong Kong, and Bloom, Payphil, coins.ph and Satoshi Citadel Industries’ (SCI) remittance unit Rebit in Philippines ... ( read original story ...)
Hong Kong stocks end flat; financials gain on mainland regulatory revamp
The top gainer on Hang Seng was Hong Kong and China Gas Co Ltd up 1.79 percent ... The top gainers among H-shares were Agricultural Bank of China Ltd up 4.92 percent, followed by Guangdong Investment Ltd gaining 1.97 percent and Bank of China Ltd up ... ( read original story ...)
Hong Kong Startup Puts All Your Banks in a Single App
Gini, a local fintech startup, today announced the launch of its namesake app, the city’s first all-in-one personal financial management application. The gini app introduces a new alternative for Hongkongers to get insights into their spending habits ... ( read original story ...)
Hong Kong stocks slip ahead of key US, China economic data that should offer clues to health of the global economy
The Hang Seng Index retreated 0.3 per cent ... The Shanghai Composite Index was little changed. Agricultural Bank of China jumped in both Hong Kong and mainland trading, after proposing what could be the nation’s biggest ever private placement of ... ( read original story ...)
Official Draw for Hong Kong Sevens 2018
The Hong Kong Rugby Union (HKRU) held the official draw for the Cathay Pacific/HSBC Hong Kong Sevens 2018 and the World Rugby Women’s Sevens Series Qualifier 2018 at Hysan Place in Causeway Bay, Hong Kong on Monday. Three separate draws were held ... ( read original story ...)
Property firm Greenland Hong Kong set sights on China’s booming health care and elderly care markets
Property developer Greenland Hong Kong has moved into the fast-growing Chinese markets for health care and care for the elderly, with plans to open clinics and rehabilitation communities as it accelerates its diversification out of real estate. Chen Jun ... ( read original story ...)
Hong Kong, China bank sectors vulnerable to crisis, says Bank of International Settlements
Hong Kong and China’s banking sectors are among those most vulnerable to a crisis because of rising debts, according to a report from the Bank of International Settlements. BIS, known as the central bank for central banks, found that two key indicators ... ( read original story ...)
Hong Kong democracy movement loses ground in key byelection
Hong Kong pro-democracy candidates won back only two of four seats in a crucial byelection in the semiautonomous Chinese region, final results showed Monday. The opposition wasn't able to recapture all its territory, losing some to formidably resourced pro ... ( read original story ...)
Should dual-class shareholding firms be allowed into the Hang Seng Index?
Then there are the Stock Connect share trading links between the Hong Kong exchange and its peers in Shanghai and Shenzhen to consider, which only allow the trading of stocks listed on the major Hang Seng Indexes (again, the Hang Seng Index or Hang Seng ... ( read original story ...)
Hong Kong stocks mark 5-wk closing high as trade war, rate hike fears ease
March 12 (Reuters) - Hong Kong’s benchmark stock index rose nearly 2 percent ... of foreign capital inflows and China’s economic restructuring.” ** The Hang Seng index rose 1.9 percent to 31,594.33, while the China Enterprises Index gained 2.1 ... ( read original story ...)
Sinochem plans $2 billion Hong Kong IPO of oil assets: IFR
Last October, Reuters reported that Sinochem had hired BOC International, CLSA and Morgan Stanley to work on a possible Hong Kong listing of its key oil assets. The three banks are likely to be awarded senior roles on the IPO, according to IFR, which added ... ( read original story ...)