Second, Singapore has kept its housing market on a tight regulatory leash for the past decade to avoid the runaway price growth witnessed in Hong Kong. Since 2014, property values in the two cities ... ( read original story ...)
AB InBev Asia Unit Seeks $9.8 Billion in Biggest IPO This Year
(Bloomberg) -- Budweiser Brewing Company APAC Ltd., the Asia Pacific unit of Anheuser-Busch InBev SA, kicked off its proposed Hong Kong initial public offering that could raise as much as $9.8 billion ... ( read original story ...)
AB InBev Asia Unit Tops Uber With $9.8 Billion Hong Kong IPO
(Bloomberg) -- Anheuser-Busch InBev NV kicked off the year’s biggest initial public offering, a sale of shares in its Asia Pacific unit that could raise as much as $9.8 billion and top Uber ... ( read original story ...)
AB InBev aims to raise up to $9.8-billion for Asian unit in biggest IPO of 2019
The IPO pricing values Budweiser Asia at 16-18 times its enterprise ... The deal will be a welcome boost to Hong Kong, which is lagging behind the New York Stock Exchange and Nasdaq in terms of IPOs ... ( read original story ...)
Hong Kong’s dollar strengthens toward higher end of trading band against US dollar as interbank rate rises
That’s killing the Hong Kong dollar carry trade by making money more expensive in the city. Rates are likely to remain elevated in July, according to Carie Li, an economist at OCBC Wing Hang Bank. ... ( read original story ...)
4 Takeaways From Hong Kong’s Evolving Protest Movement
The resolution to the growing conflict could affect Hong Kong’s standing as an international business hub and its status as a foothold of democracy in China. Hong Kong is a semiautonomous Chinese ... ( read original story ...)
Analyzing Bank of Montreal (NYSE:BMO) and Boc Hong Kong (NYSE:BHKLY)
42.1% of Bank of Montreal shares are owned by institutional investors. Comparatively, 0.1% of Boc Hong Kong shares are owned by institutional investors. 1.0% of Bank of Montreal shares are owned by ... ( read original story ...)
News Daily: Hong Kong violence and England in World Cup semi-final
Police in Hong Kong have fired tear gas and evicted protesters who occupied its parliament. The territory's chief executive, Carrie Lam, has appealed for peace following what she called an "extreme ... ( read original story ...)
Hong Kong Dollar Jumps Into Strong Half of Band, Hurting Shorts
That’s killing the Hong Kong dollar carry trade by making money more expensive in the city. Rates are likely to remain elevated in July, according to Carie Li, an economist at OCBC Wing Hang Bank Ltd. ... ( read original story ...)
Hong Kong Protests Are Giving Banks a Headache
One may say this is just a sign that the Hong Kong Monetary Authority is doing its job. A shrinkage in the central bank’s aggregate balance causes interbank rates to rise: This is the mechanism that ... ( read original story ...)
Hong Kong protesters storm legislature over extradition bill on China handover anniversary
The extradition legislation has also drawn opposition from the legal profession, commercial groups and foreign countries, reflecting Hong Kong’s status as an international business centre with a ... ( read original story ...)
Asian banks face threat from profit plunge, digital rivals: McKinsey
HONG KONG (Reuters) - Asia-Pacific banks must radically reform ... as rapidly increasing competition from technology firms moving into banking transforms the sector, consultancy McKinsey said. Asian ... ( read original story ...)
You Bank Global Start-up Ceremony Concludes Perfectly in Hong Kong; Its Global Layout Officially Accelerates
Jul 01, 2019 (AB Digital via COMTEX) -- The 1000-personel event of the "World Digital Economy Summit and You Bank Global Start-up Ceremony Hong Kong" was successfully concluded on the afternoon of ... ( read original story ...)
Protesters swarm into Hong Kong legislature, deface chamber
The extradition legislation has also drawn opposition from the legal profession, commercial groups and foreign nations, reflecting Hong Kong's status as an international business centre with a strong ... ( read original story ...)