having a strong base in Hong Kong will be pretty compelling,” said CEO Huynh Thanh Phong, while talking about the initial public offering (IPO) plans. Huynh refused to be drawn on the timing of ... ( read original story ...)
FOCUS-After $6 bln M&A spree, insurer FWD eyes China foray ahead of IPO
Speculation about its IPO plans or other funding options have grown as FWD has expanded. Earlier this month, ratings agency Moody's cut it outlook to negative from stable after the acquisition of the ... ( read original story ...)
China probes small bank shareholdings as risk worries persist
“There may be many shareholders using small Chinese banks as ATM machines, but I don’t think we have enough understanding of bank ownership to know,” said Andrew Collier, managing director of Hong ... ( read original story ...)
Hong Kong’s second-quarter GDP growth seen firmer, but trade war, protests to bite
The expected improvement "is not reflecting better economic activity but resulting from a strong comparison base in Q1 in 2018 when the economy was strong," said Paul Tang, chief economist from Bank ... ( read original story ...)
Why China is looking to Shenzhen – and not Hong Kong – to reinvent its economic future
Shenzhen takes economic top spot – again – but Hong Kong is more liveable, study finds With China now locked in a trade war with the US, Beijing is banking on the hi-tech sector to spur development ... ( read original story ...)
Taiwan joins Asia digital banking push with three new online licenses
The FSC has no plan to issue more virtual bank licenses at the moment, it added. Across the strait in Hong Kong, the financial hub gave out eight new online-only banking licenses earlier this year to ... ( read original story ...)
Hong Kong stocks end higher ahead of Fed meet
SHANGHAI — Hong Kong shares closed higher on Tuesday as investors ... If implemented, it would be the central bank’s first rate cut in a decade. ** Also in focus were U.S.-China trade talks ... ( read original story ...)
Why China Has Chickened Out of Another Bank Seizure
On Sunday, Bank of Jinzhou Co., a small regional lender in the rust ... At this price, ICBC and Cinda could easily buy better assets: Hong Kong banks, for instance, are valued in the same neighborhood ... ( read original story ...)
Hong Kong Charges Dozens of Protesters With Rioting
Image Chinese officials have signaled that they expect Hong Kong’s government to resolve the political crisis.CreditIsaac Lawrence/Agence France-Presse — Getty Images Rioting carries a prison term of ... ( read original story ...)
Hong Kong political parties urge Financial Secretary Paul Chan to give HK$2,000 to every school pupil
The Democratic Alliance for the Betterment and Progress of Hong Kong (DAB) and the Federation of Trade Unions ... “Many parents told us they faced a huge burden during the start of the academic year,” ... ( read original story ...)
Auchan China’s chairman on the future of grocery
Holinier recently spoke with McKinsey’s Alex Sawaya in Hong Kong. He shared his perspectives on the future of food retailing, the power of business partnerships, and the China market’s speed and ... ( read original story ...)
Hong Kong-Based Financial Services Firm AMTD Sets Terms For $172M New York IPO
Hong Kong-based financial services firm and boutique investment bank AMTD International has set the terms for an initial public offering (IPO) on the New York stock exchange to raise US$172 million at ... ( read original story ...)
Hong Kong protesters hit subway to disrupt morning commute
HONG KONG -- Angry Hong Kong commuters argued with protesters who blocked the doors on trains Tuesday morning, preventing them from leaving stations. Service was delayed and partially suspended on the ... ( read original story ...)
Hong Kong-Based Financial Services Frim AMTD Sets Terms For $172M New York IPO
Hong Kong-based financial services firm and boutique investment bank AMTD International has set the terms for an initial public offering (IPO) on the New York stock exchange to raise US$172 million at ... ( read original story ...)