Hong Kong demands a free float of 25 per cent of a company’s equity but this is regularly waived for deals over $1bn. Last year for example, Postal Savings Bank of China floated 15 per cent to raise $7.4bn in the biggest IPO worldwide since Alibaba. ( read original story ...)
Hyderabad explores business opportunities in Hong Kong via HKTDC
Hong Kong Trade Development Centre (HKTDC), a facilitator of international trade via Hong Kong, organised a seminar in collaboration with The Federation of Telangana and Andhra Pradesh Chambers of Commerce and Industry, in Hyderabad, on March 9, 2017. ( read original story ...)
Hang Seng Bank Ltd. (HSNGY) Cut to “Sell” at Zacks Investment Research
According to Zacks, “HANG SENG BANK is a world-class financial institution and one of Hong Kong’s largest listed companies in terms of market capitalisation. In keeping with our name, which means ever-growing in Chinese, we are growing alongside our ... ( read original story ...)
HONG KONG’S GINI LAUNCHES INNOVATIVE CUSTOMER LOYALTY APP WITH EWISE
Gini’s launch coincides with Hong Kong’s emergence as a Fintech player driven by Hong Kong’s robust capital markets, banking experience and the city’s gradual cultural shift from conservatism to experimentation as signaled by Hong Kong’s Monetary ... ( read original story ...)
Hong Kong’s longest siege: the 1974 Po Sang Bank robbery and the ‘Courageous Eleven’
It was almost 5pm and the Po Sang Bank branch on Shanghai Street was about to close when a man stormed in. “Lie down and don’t move,” Lee Wa-bun shouted, waving his pistol in the air. The staff froze in panic as they realised it was an armed robbery. ( read original story ...)
What To Do Before You Go To The Bank Application
So you have the company setup, and now you are working on getting your bank account setup. Today, hopefully you read this article BEFORE you go in. Many entrepreneurs I work with fly into Hong Kong just to apply for the bank account, so it’s important ... ( read original story ...)
China's HNA Group would like to hike Deutsche Bank stake: sources
HONG KONG Chinese conglomerate HNA Group (0521.HK) would like to increase its stake of 3 percent in Germany's Deutsche Bank (DBKGn.DE), two sources with knowledge of the matter told Reuters. However, the Chinese company would have to resolve some issues ... ( read original story ...)
Hong Kong Uber drivers found guilty of unlawful commercial car hire
HONG KONG Five Hong Kong Uber drivers were found guilty of illegally using their vehicles for commercial purposes by a local court on Friday, dealing a potential blow to Uber Technologies Inc's operations in the Asian financial hub. The ruling is seen ... ( read original story ...)
Families who sheltered Edward Snowden in Hong Kong ask Canada for asylum
Lawyers for three families who sheltered Edward Snowden in Hong Kong say they have formally asked the Canadian government to grant them asylum. They issued a statement Thursday saying that the families want to move to Canada because they face persecution ... ( read original story ...)
Hong Kong corporate disclosure criticised amid high fees and privacy fears
The aim of the privacy law though was to strike a balance between upholding the freedom of the press and protecting personal information, Hong Kong's privacy commissioner for personal data, Stephen Kai-yi Wong, said in a statement. Exemptions for news ... ( read original story ...)
Lawyers ask Canada to grant asylum to families who sheltered Edward Snowden
HONG KONG -- Lawyers for three families who sheltered Edward Snowden in Hong Kong say they have formally asked the Canadian government to grant them asylum. They issued a statement Thursday saying that the families want to move to Canada because they face ... ( read original story ...)
Fitch Rates China Everbright Bank Hong Kong Branch's USD Notes 'BBB'
(The following statement was released by the rating agency) HONG KONG/SHANGHAI, March 09 (Fitch) Fitch Ratings has assigned a final rating of 'BBB' to China Everbright Bank, Hong Kong Branch's long-term senior unsecured USD500 million 2.5% notes due 2020 ... ( read original story ...)
Hong Kong deputies in Beijing call for review of Basic Law and no more foreign judges
The city’s mini-constitution should be reviewed and its implementation regularly monitored by the apex of the national legislature, according to two Hong Kong deputies in Beijing yesterday – whose controversial proposals were swiftly derided back home. ( read original story ...)
Hong Kong's Wheelock to exit struggling media business
HONG KONG -- A subsidiary of Hong Kong-listed developer Wheelock has decided to end funding for its pay TV operator in a bid to focus on property development, leaving the fate of its loss-making business up in the air. Wharf Holdings, a 58%-owned ... ( read original story ...)