HONG KONG PRESS: News Headlines On Friday, December 22

HONG KONG (Dec 22) -- Heres a roundup of local news: *China securities regulator says no change to pace of IPO reviews: sources Chinas securities regulator told a recent meeting with investment banks that there has been no change to the pace for reviews of ... ( read original story ...)

IPO hopeful Xiaomi set to blow past 2017 revenue target

HONG KONG: Chinese smartphone maker Xiaomi Inc has told bankers ... which one source said would make a $100 billion valuation at IPO look "reasonable". A spokeswoman for Xiaomi - that is expected to soon mandate its leading banks for an IPO - confirmed ... ( read original story ...)

Abused Indonesian: Hong Kong needs more safeguards for maids

Former Indonesian maid Erwiana Sulistyaningsih attends a news conference in Hong Kong, Friday, Dec. 22, 2017. The court on Thursday ordered the former abusive employer Law Wan-tung to pay Erwiana HK$809,430 (US$103,500) in damages for abusing her between ... ( read original story ...)

Hong Kong opens bourse to ‘new economy’ IPOs under new rules

Hong Kong’s stock exchange has unveiled the biggest overhaul of its listing rules and procedures in recent decades, giving it a better shot at accommodating the next Alibaba. Biotechnology firms, companies with multiple classes of shares, and technology ... ( read original story ...)

iPhone screen maker plans US$1.5bn Hong Kong IPO in 2018

iPhone screen maker plans US$1.iPhone screen maker plans US$1.5bn Hong Kong IPO in 2018REUTERS | December 18, 2017, 12:31 IST HONG KONG: Biel Crystal Manufactory, the biggest cover-glass maker for iPhones, plans to raise about US$1.5bn from a Hong Kong IPO ... ( read original story ...)

Booking opens on $600m IPOs

China-based Ruifeng Power Group is to sell around HK$302 million worth of shares in a Hong Kong IPO, issuing 180 million shares, priced from HK$1.6 to HK$1.68 each. A 2,000-share lot will cost HK$3,393.Most of proceeds are intended for its manufacturing ... ( read original story ...)

HK targets next Alibaba in revamp of IPO rules

Hong Kong’s trajectory illustrates the power big companies wield as competition among exchanges for the hottest IPOs intensifies, said Martin Wheatley, the former head of the SFC in Hong Kong and the U.K.’s Financial Conduct Authority, in an interview ... ( read original story ...)

High street banking gets even more profitable in Hong Kong

“Hang Seng Bank’s net interest margin and fees trajectory are quite predictable and should show very strong earnings in the fourth quarter. Bank of China Hong Kong, on the other hand, has much more NIM [net interest margin] volatility (given aggressive ... ( read original story ...)