Funds raised from new share listings in Hong Kong in the first quarter of this year fell a massive 52% year-on-year, and fewer than 20 companies raised $837 million via Hong Kong IPOs in that time.
Bank failures made in America damage the entire world
The bank failures in the United States and Europe have triggered a debate on the causes and consequences of the banking crisis. The crisis has also prompted some populist social media to claim that ...
Hong Kong to target investors in I&T firms with revamped immigration scheme
Undersecretary for Financial Services and the Treasury Joseph Chan says government in process of finalising details of scheme set to launch later this year But lawmakers call for clear definition of ...
Alibaba’s Grocery Arm Gears Up for Hong Kong IPO
Freshippo, the Alibaba Group Holding Ltd. grocery chain known for selling cooked lobsters and grouper freshly chosen from fish-tanks in the store, has started preparations for a Hong Kong initial ...
Hong Kong Interbank Liquidity Set to Hit Lowest Since 2008
Hong Kong’s interbank liquidity is falling toward its lowest level since the global financial crisis, as a wide gap between local and US interest rates forces the Asian financial hub to use frequent ...
Hong Kong’s cash dwindles to 15-year low, putting pressure on banks to raise interest rates to stem booming carry trade
The Wednesday intervention will bring the aggregated balance below HK$50 billion threshold to HK$49.23 billion the lowest since 2008 The low balance reflect low liquidity in the banking sector and may ...
Hong Kong Interbank Liquidity Shrinks Toward Lowest Since 2008
Hong Kong’s interbank liquidity is falling toward its lowest level since the global financial crisis, as a wide gap between local and US interest rates forces the Asian financial hub to use frequent ...
Ping An calls for HSBC to separately list Asian arm in Hong Kong as it continues to push for restructuring
HSBC's biggest shareholder calls for the bank to remain a majority shareholder of a separately-listed Asia business Ping An has been calling in the past year for HSBC to consider changes to enhance ...
HSBC’s top shareholder calls for breakup, expressing ‘deep concern’
HSBC’s biggest shareholder called on the bank to create a separately listed Asian business headquartered in Hong Kong to fix what it sees as a lack of competitiveness. “It is necessary for HSBC to ...
Ping An raises pressure on HSBC to split off Asian business
Michael Huang, chair of Ping An Asset Management, said in a statement on Tuesday that although a split would involve initial costs, these should be “open-mindedly weighed against the benefits”. He ...
HSBC top shareholder renews call for breaking up of bank
HONG KONG, April 18 (Reuters) - Top shareholder of HSBC (HSBA.L) renewed its call for breaking up of the Asia-focused bank on Tuesday, saying the lender has failed to address key business model ...
HSBC investors should vote down break-up proposal, Glass Lewis says
HSBC investors should vote against proposals calling for a strategic review and dividend policy revamp, shareholder adviser Glass Lewis has said, deepening divisions between factions of the bank's ...
Divisions deepen among shareholders ahead of HSBC AGM
HSBC should separate its Asia business into a Hong Kong-listed entity, Ping An said, in an update to proposals it began urging last November calling for the bank to spin off its Asia business. The ...
Hong Kong’s leader rejects calls to drop property cooling measures after association head says decade-old curbs ‘prevent earth from spinning’
"Hong Kong's economy won't pick up right away and it will take some ... But their mission has been completed," he said. John Tsang Chun-wah, the finance chief at the time, introduced market cooling ...