Now Ma’s set sights on splitting up Europe’s largest bank, HSBC Holdings Plc, where Ping An has a major stake. Concern about the lender’s ability to handle geopolitical risk – it’s based in London but ... ( read original story ...)
HSBC has overstated the challenges and risks involved in proposed spin-off, says source
A break-up of London-headquartered HSBC will generate US$25 billion to US$35 billion of value, says source familiar with Ping An's thinking Ping An believes the lender can find a solution to overcome ... ( read original story ...)
China to increase trading days of mainland-Hong Kong stock connect programs
Trading days of the Shanghai-Hong Kong Stock Connect and the Shenzhen-Hong Kong Stock Connect that were formerly closed due to settlement arrangement factors will be opened, the China Securities ... ( read original story ...)
China’s State-Owned Travel Retailer Returns With Slimmed Down IPO
China Tourism Group Duty Free is planning to raise around $2 billion from a Hong Kong initial public offering, returning to the market after pulling a deal at the end of last year. ( read original story ...)
China Tourism Group picks Hong Kong for US$2.5 billion IPO as the world’s largest duty-free retailer raises capital to expand
The world's largest duty-free retailer aims to raise up to US$2.5 billion, making it the largest IPO in Hong Kong in 14 months The company will start its public offering from Monday to Thursday, to be ... ( read original story ...)
CDFG files IPO in Hong Kong with aims to raise $2.5bn for expansion
CTG's H Share listing is priced at HK$143.50-165.50 per share. Pricing is on 18 August and listing on 25 August. ( read original story ...)
Chinese Brokers Eye Germany for Banking Base Amid US Tensions
Chinese investment banks are looking to expand their operations in Germany as a largely moribund listings market in Hong Kong and growing tensions between Washington and Beijing encourage firms to ... ( read original story ...)
Centurium-Backed Taibang Picks CICC, JPMorgan for HK IPO, Sources Say
Taibang Biologic Group, a plasma-derived biopharmaceutical product maker, has chosen banks for an initial public offering in Hong Kong, according to people familiar with the matter.Most Read from ... ( read original story ...)
China Tourism’s duty free shop picks Hong Kong for US$2.5 billion IPO as the world’s largest travel retailer raises capital to expand
The world's largest travel retailer aims to raise up to US$2.5 billion, making it the largest IPO in Hong Kong in 14 months The company will start its public offering from Monday to Thursday, to be ... ( read original story ...)
BOC HK, BOC Life launch green savings insurance plan
It offers up to a 3% annualised guaranteed rate of return at policy maturity. Bank of China (Hong Kong) (BOCHK) and BOC Group Life Assurance Company (BOC Life) have launched the BOC Life iGreen ... ( read original story ...)
Philippine tycoon and Duterte supporter Uy’s business may face US$959mil debt bill
The business empire of Philippine tycoon Dennis Uy, which recently made headlines with a notice of default, may face nearly US$700 million (S$959 million) worth of loans maturing this year. ( read original story ...)
CTG Duty Free Aims to Raise $2.2 Billion With Hong Kong Listing
China Tourism Group Duty Free Corp. is seeking to raise as much as HK$17 billion ($2.17 billion) by selling shares in Hong Kong, in what could be the city’s biggest offering this year. Most Read from ... ( read original story ...)
Break up HSBC to unlock £28bn, say Chinese: Bank’s top shareholder Ping An ramps up campaign to spin off Asia business
Ping An said HSBC had exaggerated the downsides of a spin-off and ignored the long-term value a separate Asian business would generate. ( read original story ...)
HSBC oversold risks of $35 billion Asia spin-off, investor Ping An thinks – source
By Selena Li, Lawrence White and Anshuman Daga HONG KONG/LONDON (Reuters) – HSBC overstated the risks of spinning off its Asia unit when it rebuffed such a proposal by shareholder Ping An Insurance ... ( read original story ...)