“We should basically in a few weeks, hopefully be able to announce a structure where we will have a chapter inside the main board that allows companies to list in Hong Kong, with weighted voting rights structures.” The Asian financial hub’s exchange ... ( read original story ...)
Banks invited to work on Great Wall’s $2bn Hong Kong float
Great Wall will be the third Chinese “bad bank” to list in Hong Kong. The company, along with three other similar groups, was created by China’s finance ministry in 1999 as a vehicle into which non-performing loans could be offloaded from China’s ... ( read original story ...)
Hong Kong listing would help Aramco with huge Chinese demand for IPO: HKEX CEO
SINGAPORE (Reuters) - Hong Kong Exchanges & Clearing (HKEX) (HKSE:0388.HK - News) Chief Executive Charles Li said a Hong Kong listing by Saudi Aramco would help the oil giant to anchor huge Chinese demand for its planned IPO. "It's going to provide ... ( read original story ...)
Teledyne e2v expands presence in Asia Pacific with new office in Hong Kong
“I'm proud that we are able to leverage Teledyne e2v's successful experience of doing business in Asia and taking this important step to ensure we provide end-to-end technical and operational support to our customers via our regional hub in Hong Kong.” ( read original story ...)
Hong Kong Interbank Rate Tops 1% for First Time Since 2008
head of the institutional banking group at DBS Bank (Hong Kong) Ltd. To read more on the threat to Hong Kong home prices, click here “The market is following the U.S. because it expects a Fed rate hike to happen, and it’s near year-end and month-end ... ( read original story ...)
Hassle-free banking for busy expats
It all begins with opening your local bank account. Opening a bank account is one of the first few things you ought to do after arriving in Hong Kong, especially if you’re planning on staying for a while. To receive your salary, you’ll need to have a ... ( read original story ...)
IMF Says Hong Kong Property to Slow If Fed Delivers Rate Hikes
The U.S. central bank has lifted rates just four times in two years and put its $4.5 trillion balance sheet on a very gradual path of slimming down, but further tightening is expected next year. Because Hong Kong’s currency is pegged to the dollar ... ( read original story ...)
Hong Kong’s Victoria Dockside Reaches Major Project Milestone with Opening of its First Phase, the Unparalleled K11 Atelier Office Tower
and Taipei Fubon Bank are among the first trailblazers to move into the new tower within the Victoria Dockside district. With panoramic views of Hong Kong Island and Victoria Harbour, the US $2.6 billion Victoria Dockside development is poised to become a ... ( read original story ...)
OCBC acquires National Australian Bank’s private wealth business in Hong Kong
The move seeks to boost the bank's mortgage and deposit books. OCBC Wing Hang Bank Limited, a wholly-owned subsidiary of OCBC, has completed the acquisition of National Australia Bank's (NAB) Private Wealth business in Hong Kong on November 24, according ... ( read original story ...)
Hong Kong restaurant chains Tsui Wah and Fairwood post interim profit growth
Hong Kong restaurant operators Tsui Wah Holdings and Fairwood Holdings posted improved interim results for the six months ended September 30, citing lower costs and a better business environment as reasons for growth. Tsui Wah’s net profit rose to HK$48 ... ( read original story ...)
These are the easiest banking jobs to get in Hong Kong right now
Want an easy ride into your next banking job in Hong Kong? This is where you should be working. https://news.efinancialcareers.com/hk-en/250285/vp-job-asia/ If you’re thinking of starting a search for a new banking job in Hong Kong, it’s first worth ... ( read original story ...)
Japanese creator of the instant ramen launches Hong Kong IPO, and promises hefty investment to spice up its products
Japanese instant-noodle legend Nissin Foods Holdings – the maker of Cup Noodles and owner of big selling and well-known brands such as Demae Itcho – plans to spin off its China and Hong Kong business in an initial public offering (IPO) next month ... ( read original story ...)
Millions in laundered cash from email scams filtered through Hong Kong, police say
The new tactics came to light after officers investigating nearly 500 reports of commercial email fraud with losses of about HK$650 million this year discovered many bank accounts used to collect the swindled money in the city were opened by mainland visitors. ( read original story ...)
Hong Kong tribunal fines HSBC private bank $51 mln for Lehman-linked products
* Penalty highest ever imposed on a financial firm in Hong Kong * HSBC says suspension of licenses will not impact operations (Adds additional comment from the securities regulator) By Sumeet Chatterjee HONG KONG, Nov 21 (Reuters) - A Hong Kong tribunal on ... ( read original story ...)