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 ...)
Xiaomi reportedly crushed 2017 earnings, creating new hype for 2018 IPO
HONG KONG (Reuters) – Chinese smartphone maker Xiaomi Inc has ... 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 ... ( 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 leader says she won’t blindly obey Beijing’s orders
HONG KONG (Reuters) - Hong Kong leader Carrie Lam said she would not blindly obey the orders of Communist Party leaders in Beijing, while admitting the government has no way to suppress skyrocketing prices in one of the most expensive property markets in ... ( read original story ...)
Exclusive: IPO hopeful Xiaomi set to blow past 2017 revenue target – sources
HONG KONG (Reuters) - Chinese smartphone maker Xiaomi Inc has told ... which one source said would make a $100 billion IPO price tag look “reasonable”. A spokeswoman for Xiaomi - that is likely to soon mandate its leading banks for an IPO - confirmed ... ( 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 ...)
AK Medical’s Hong Kong IPO Priced Near Bottom Of Indicative Range
HONG KONG (Dec 19) -- AK Medical Holdings on Tuesday said its initial public offering in Hong Kong was priced at HK$1.75 a share, near the bottom end of an indicative range. The Chinese medical device maker raised gross proceeds of about HK$437.5 million ... ( read original story ...)
Hong Kong exchange to loosen listing rules for tech, biotech companies
WITH reports indicating that Hong Kong is on the verge of losing its IPO (initial public offering) title this year, the Hong Kong Stock Exchange (HKEX) recently announced plans to introduce new rules for biotech issuers and issuers from emerging and ... ( read original story ...)
Changing history of Financial centres: Hong Kong set to lose global IPO crown as New York and Shanghai rise…
History of financial centres has been a long drawn one and is one of the most interesting aspects of finance. How and why global financial activities cluster in a few places across the world? It is a combination of both political, economic and geographic ... ( 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 ...)