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Category: FINANCE

Posted on 11/07/2020

China’s market euphoria trumps political risk in Hong Kong

Investors in China's soaring stock market are increasingly turning to Hong Kong for bargains, egging on an investment boom on the back of large tech listings and shaking off fears of political risks ... ( read original story ...)

Posted on 11/07/2020

Here’s How China’s Law is Already Changing the Face of Hong Kong

When China passed its new Hong Kong security law on June 30, officials said it would only affect “extremely few criminals.” Less than two weeks later, it’s clear Beijing is trying to wipe away signs ... ( read original story ...)

Posted on 10/07/2020

UPDATE 1-China Bohai Bank raises $1.78 bln in Hong Kong IPO -sources

China Bohai Bank has raised $1.78 billion after pricing its shares at HK$4.80 as it carried out the largest initial public offering in Hong Kong so far in 2020, two sources with direct knowledge of ... ( read original story ...)

Posted on 10/07/2020

China Bohai Bank raises $1.78 billion in Hong Kong IPO: sources

China Bohai Bank has raised $1.78 billion after pricing its shares at HK$4.80 as it carried out the largest initial public offering in Hong Kong so far in 2020, two sources with direct ... ( read original story ...)

Posted on 10/07/2020

Standard Chartered-backed China Bohai Bank to raise US$1.78 billion in Hong Kong IPO

Thursday in a deal that would raise a total of HK$13.8 billion (US$1.78 billion). The IPO priced at HK$4.80 a share, according to a person familiar with the transaction. That was near the bottom of ... ( read original story ...)

Posted on 10/07/2020

Hong Kong Stock Market May Spin Its Wheels On Friday

The Hong Kong stock market has finished higher in two straight sessions, advancing more than 230 points or 0.9 percent along the way. The Hang Seng Index now rests just above the 26,210-point plateau ... ( read original story ...)

Posted on 09/07/2020

HSBC may have to choose between East and West as battle for Hong Kong intensifies

HSBC has carved out a lucrative role in global banking over the past 155 years by straddling the line between East and West. Now, a political firestorm over the bank's hometown of Hong Kong could ... ( read original story ...)

Posted on 09/07/2020

HSBC may have to choose between East and West as China tightens grip on Hong Kong

Now, a political firestorm over the bank’s hometown of Hong Kong could force the bank to choose sides. The lender, which began life as the Hongkong and Shanghai Banking Corporation, is based in ... ( read original story ...)

Posted on 09/07/2020

Ant Group listing would be fillip for Hong Kong’s flagging IPO market

An initial public offering from Alibaba's Ant Group by year-end would give equity capital markets in Hong Kong a timely boost after a new security law cast in doubt the city's future as a ... ( read original story ...)

Posted on 09/07/2020

Exclusive: Alibaba’s Ant plans Hong Kong IPO, targets valuation over $200 billion, sources say

Ant Group, the fintech arm of Chinese e-commerce giant Alibaba, plans a Hong Kong float as soon as this year and targets a valuation of more than $200 billion, said two sources with knowledge of the ... ( read original story ...)

Posted on 09/07/2020

Alibaba at High as Ant Financial Mulls IPO – Here’s the Trade

Alibaba stock is surging to highs as 33%-owned Ant Financial looks to IPO. Let's look at the charts. The American depositary receipts are up more than 8% on the day on reports that its Ant Financial ... ( read original story ...)

Posted on 09/07/2020

Hong Kong’s National Security Law Could Threaten Local Crypto Brokerages

The U.S. sanctions on financial institutions in Hong Kong could put the city’s growing crypto brokerage businesses in jeopardy. ( read original story ...)

Posted on 08/07/2020

Hang Seng Bank CEO to receive medical treatment for unspecified illness, but will continue to perform duties, lender says

Hang Seng Bank said on Wednesday that Louisa Cheang Wai-wan, its vice-chairman and chief executive, is to receive medical attention, but will still be able to perform her duties. ( read original story ...)

Posted on 08/07/2020

Hang Seng offers mutual funds in-app to novice investors

Hong Kong's Hang Seng Bank is looking to entice novice investors with an in-app fund investment service offering a minimum investment amount of just HK$1. Developed in collaboration with Hang Seng's ... ( read original story ...)

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