Kenny Chien, vice president for China of Cherrypicks, a Hong Kong developer of branded online-to-offline platforms that is now owned by Chinese tech company NetDragon, shares his views on how startups can tap the China market. Here are some edited excerpts ... ( read original story ...)
13 Chinese killed after fishing boat hits Hong Kong tanker in waters off Japan, North Korea
The bodies of 12 Chinese have been pulled out of their capsized fishing boat after it collided with a Hong Kong oil tanker in the Sea of Japan, the Japanese coastguard said on Friday. The two vessels collided 400km north of the Oki Islands in the Sea of ... ( read original story ...)
Sharper Darren ready to cause trouble for Hong Kong
Three points on Tuesday at Hong Kong National Stadium could take Malaysia up to second spot in the group, a spot that would be enough in UAE two years time. Darren Lok is a late bloomer in the context of the sport but at 26 years of age, the forward ... ( read original story ...
Sichuan Energy, China Boqi seek HK IPO approvals
Sichuan Energy Investment Development Co is looking to list on the Hong Kong Stock Exchange ... the sole sponsor of the IPO. Sichuan Energy operates in Yibin city, in China’s Sichuan province. It has a vertically integrated model, with a full power ... ( read original story ...)
Haitong UniTrust, Bestway eye October end for IPOs
Haitong UniTrust is preparing for a late October or early November launch of its potential $500m Hong Kong listing, according to a banker ... the China Securities Regulatory Commission for the IPO. It expects to get the go-ahead from the regulator in ... ( read original story ...)
Hong Kong Bourse Due For Profit Taking
BOC Hong Kong shed 0.78 percent, Hong Kong and China Gas added 0.54 percent, CNOOC gained 0.40 percent, New World Development was up 0.35 percent, Industrial and Commercial Bank of China added 0.16 percent and China Petroleum and Chemical (Sinopec ... ( read original story ...)
Hong Kong’s Jacobson Pharma Raises $64 Million For M&A
Currently, Jacobson's business involves traditional Chinese medicines for the Hong Kong market. One year ago, Jacobson completed an $85 million IPO on the Hong Kong exchange, 45% of which was earmarked for strategic acquisitions. ( read original story ...)
Yum China Announces New Replacement for CEO
Before joining Watson, Wat spent seven years in management consulting, including with McKinsey & Company's Hong Kong office from 2000 to 2003. The company anticipates the continued rise of a new generation of younger consumers who are digitally ... ( read original story ...)
Citigroup considering onshore cash equities business in China
HONG KONG (Reuters) - Citigroup Inc (C.N) is considering setting up an onshore cash equities business in China and expanding research coverage of Chinese stocks, to boost its share of the business in Asia, said the head of its regional equities unit. ( read original story ...)
HSBC Traders Used Code Word to Trigger Front-Running, U.S. Says
With just four words, Mark Johnson allegedly passed a secretive signal to fellow HSBC Holdings Plc currency traders to launch ... in which Johnson allegedly tipped off a trader in Hong Kong. That signal eventually reached others on both sides of the ... ( read original story ...)
US Alleges HSBC Currency Unit Used Code to Trigger Front-Running Trades
A group of HSBC Holdings Plc currency traders in London and New York ... in which Johnson can be heard tipping off a trader in Hong Kong, a signal that she said eventually reached others on both sides of the Atlantic. Prosecutors say Johnson and Stuart ... ( read original story ...)
HSBC, Hang Seng back down on cash deposit machine disputes
Two customers who suffered a combined loss of HK$20,000 from malfunctioning cash deposit machines (CDMs) operated by HSBC and Hang Seng Bank got their money back. The two said the banks at first refused to make compensation or allow them to review CCTV ... ( read original story ...)
Secret code set in motion HSBC’s currency scheme, US says
US District Judge Nicholas Garaufis ruled today the jury can listen to the recordings, in which Johnson allegedly tipped off a trader in Hong Kong. That signal eventually ... a US$8 million profit for his bank. HSBC was hired by Cairn to convert the ... ( read original story ...)
HSBC currency unit used code to trigger front-running, US says
The buying frenzy was launched after Mark Johnson, HSBC’s former global head of foreign exchange ... in which Johnson can be heard tipping off a trader in Hong Kong, a signal that she said eventually reached others on both sides of the Atlantic. ( read original story ...)