HONG KONG: When it comes to this year’s surge in Hong Kong stocks, it paid to root for the underdog. Equities with the lowest ratings from analysts have driven the market’s Asia-leading gains in 2017, streaking ahead of shares showered with buy ... ( read original story ...)
Hong Kong Regulator Fines Bocom Unit for IPO Sponsorship Lapses
Hong Kong’s securities regulator fined Bank of Communications Co.’s investment-banking unit HK$15 million ($1.9 million) for failings related to its work of a Chinese company’s initial public offering in late 2014. As sole sponsor of the listing ... ( read original story ...)
Hong Kong regulator fines Bocom unit for IPO sponsor failures
HONG KONG Hong Kong's securities regulator has fined and reprimanded a subsidiary of Bank of Communications (Bocom)(601328.SS) for failing to "discharge its duties" as a sole sponsor of a listing application of a mainland Chinese company in the city, it ... ( read original story ...)
Hong Kong International Airport ranks fifth in world again in annual rankings as Singapore makes it four years at the top
Hong Kong International Airport, the world’s most profitable, has been recognised with a number of honours at the annual Skytrax World Airport Awards. The airport won top honours for dining and secured top 10 finishes for its hotels (third and fifth ... ( read original story ...)
Big Hong Kong jeweller sets sights on Tokyo – to capture sales from Chinese tourists
Hong Kong’s largest jeweller, Chow Tai Fook, is seeking custom from mainland shoppers in Japan in a bid to capture growing demand there by Chinese travellers amid slow business in Hong Kong and Beijing’s travel ban on group tours to South Korea. ( read original story ...)
TABLE-Hong Kong's drawndown mortgage loans in Jan fall 14.9 pct on month
Feb 28 New mortgage loans drawn down in Hong Kong totalled HK$25.2 billion ($3.25 billion) in January, down 14.9 percent from a month earlier, Hong Kong Monetary Authority (HKMA) data showed on Tuesday. Following is the breakdown of data from the authority ... ( read original story ...)
The ‘killing’ of the mortgage loan market has worsened inequality for eligible households with low and middle incomes
The difference is that Singapore has met its target in full while Hong Kong delivers only 47 per cent (and these are not the same type of units). The government could easily restore the market for mortgage loans for eligible households with low and middle ... ( read original story ...)
Residential mortgage survey results for January 2017
The Hong Kong Monetary Authority announced the results of the residential mortgage survey for January 2017. The number of mortgage applications in January 2017 decreased month-on-month by 5.6% to 9,914. Mortgage loans approved in January 2017 decreased by ... ( read original story ...)
Hong Kong Regulator Said to Probe CCB International's IPO Work
(Bloomberg) -- Hong Kong’s securities regulator is investigating CCB International Holdings Ltd., the No. 2 underwriter of initial public offerings in the city last year, for its role advising a Chinese seafood supplier on now-scrapped listing plans ... ( read original story ...)
UPDATE 1-Hong Kong pins Aramco IPO hopes on China's deep pockets
HONG KONG, Feb 27 Hong Kong's stock exchange will bank on its role as a gateway to mainland China's deep-pocketed investors to take on other leading venues and win the coveted $100 billion listing of Saudi Arabia's giant state oil company, Aramco, it said ... ( read original story ...)
HKEx CEO: Saudi Aramco IPO on our exchange would be ‘match made in heaven’
Launching the Saudi Aramco initial public offering (IPO) on Hong Kong stock exchange would be a "match made in heaven," Charles Li, CEO of HKEx, told CNBC. The expected listing of the Saudi oil and gas company is predicted to be the world's largest initial ... ( read original story ...)
Who will win the world's biggest IPO?
And as for Hong Kong, Nagata said that exchange may boast China-based institutional investors, but it has fewer individual investors than Tokyo. Speaking with CNBC this week, HKEX CEO Charles Li made his own pitch for Aramco, saying an IPO in Hong Kong ... ( read original story ...)
This Selfie App Has Soared Over 35% Since December IPO
Meitu (1357.Hong Kong), China’s own Instagram, has risen by over 35% after raising about $600 million in an IPO in Hong Kong last December. Meitu is rising for a fourth consecutive day and is trading at 11.62 Hong Kong dollars, a good 37% above its IPO ... ( read original story ...)
Minsheng extends education IPO streak
It will be the third Hong Kong IPO in the education sector this year, coming hot on the heels of Wisdom Education... ( read original story ...)