FINANCE

Europe pressed to deliver debt fix

WASHINGTON (Reuters) – Global finance chiefs pressed Europe on Saturday to take advantage of newly increased financial buffers and make the lasting reforms needed to tackle its debt crisis, which is threatening the world recovery. Related Stories Hong Kong watchdog fines Mega Capital over IPO failings Roche talks to Illumina rivals after drops bid...

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Hong Kong moves closer to bank liability for IPOs

Hong Kong's financial market watchdog is launching a public consultation process in the next couple of weeks that seeks to toughen rules for banks sponsoring initial public offerings, including holding … (read the rest of the story…) Related items Exclusive: Hong Kong moves closer to bank liability for IPOs Hong Kong economy slowed in...

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Haitong's $1.77 billion offer tests HK demand for listings

Haitong Securities Co Ltd , China's No.2 brokerage by assets, launched on Tuesday an up to $1.77 billion Hong Kong share offering, tapping equity markets to fund overseas takeovers and growth of its margin … (read the rest of the story…) Related items China's No 2 broker Haitong prices Hong Kong offer near bottom...

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The Challenge of Islamic Finance

April 16, 2012 Project Syndicate: Andrew Shang The Challenge of Islamic Finance by Andrew Shang Andrew Sheng, the chief adviser to China’s Bank Regulatory Commission, is a Professor at Tsinghua University’s Graduate School of Economics and Management and at the University of Malaya, Kuala Lumpur. Previously, he served as Chairman of Hong Kong’s Securities...

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Shaggy Tyrannosaur: World’s Biggest Feathered Dinosaur Found in China

Three well-preserved fossils of shaggy tyrannosaur was reportedly found by researchers from the Chinese Academy of Sciences in Beijing. Measuring over 29 feet long and weighing 3,086 pounds, the shaggy tyrannosaur is considered as the world’s largest known feathered dinosaur, according to reports by several international news sites on Wednesday, April 4, 2012. Reports...

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Merger Not Most Effective Way to Grow: HK Bourse Head

Mergers and acquisitions are not necessarily the best way for a stock exchange to expand, according to the Chairman of the Hong Kong Exchanges and Clearing, Ronald Arculli. (read the rest of the story…) Related items Hong Kong Exchange Confirms Interest in LME Hong Kong Exchange Considers Loan for London Bid United Company RUSAL...

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Hong Kong Takeovers Loom Large With Banks Lending Yuan: Real M&A

As Hong Kong establishes itself as a hub for offshore trade and investment in China’s currency, the city’s family-owned banks can be acquired at some of the lowest valuations since the global financial crisis. (read the rest of the story…) Related items Haitong's $1.77 billion offer tests HK demand for listings Hong Kong Relaxes...

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Hong Kong Exchange seeking finance for LME offer

HONG KONG -(MarketWatch)- The city's bourse operator is seeking a loan of up to US$1 billion to finance an offer for the London Metal Exchange, the South China Morning Post reported Friday, citing an unnamed source. (read the rest of the story…) Related items Hong Kong confirms LME interest Exclusive – HKEx seeks up...

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Exclusive – HKEx seeks up to $3 billion loan for LME bid – sources

HONG KONG (Reuters) – Hong Kong Exchanges and Clearing Ltd is in talks with banks for a loan to help it finance an offer for the London Metal Exchange, sources told Reuters, a sign that the world's most valuable bourse is aggressively pushing ahead with a bid. The holding company for the Hong Kong...

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Ice age baby mammoth goes on display in Hong Kong

From the ice age to the modern age, a 42,000-year-old baby woolly mammoth debuted on the world stage in Hong Kong. (read the rest of the story…) Related items Hong Kong economy slowed in first quarter 20. Malaysia and Hong Kong sign tax pact Malaysia and Hong Kong sign tax pact Hong Kong Exchange...

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