Tag: banking

HANG SENG BK LT/S (OTCMKTS:HSNGY) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a research report issued on Tuesday, Zacks.com reports. According to Zacks ... ( read original story ...)

New Ruipeng Pet Healthcare Group Co. has chosen banks to lead an initial public offering that could raise more than $500 million, according to people familiar with the matter. ( read original story ...)

The Hong Kong stock market has moved higher in two straight sessions, collecting almost 500 points or 2.2 percent along the way. The Hang Seng Index now rests just beneath the 23,770-point plateau and ... ( read original story ...)

There have also been fears that the security law would undermine Hong Kong’s claim to be Asia’s premier financial centre. Analysts have warned that anything that compromised the territory’s legal ... ( read original story ...)

Retail investors will be able to subscribe to the latest iteration of Hong Kong’s inflation-linked government debt, known as iBonds, beginning October 23, according to the Hong Kong Monetary Authority ... ( read original story ...)

Hong Kong plans to issue as much as HK$13 billion ($1.7 billion) of inflation-linked bonds and silver bonds to encourage residents to take part in the city’s financial development, according to ... ( read original story ...)

Others have ploughed money into stocks. Clients in Hong Kong were sitting on a lot of cash when the pandemic started, says Roger Bacon, regional investments head of Citi Private Bank Asia-Pacific. ( read original story ...)

“In these days of zero interest rates, you will make the iBond much more attractive than a bank deposit,” he said. Hong Kong’s government is seeking to issue the new bonds after saying last month that ... ( read original story ...)

While analysts and industry observers agree on Macau’s need to diversify its economy from gaming, they say the city has to find a financial niche for itself. ( read original story ...)

Ant Group and its advisers are getting creative as they attempt to score the world’s largest initial public offering amid a coronavirus pandemic as well as a first-of-its-kind simultaneous listing in ... ( read original story ...)

As they grow their business in Hong Kong, virtual banks also need to ensure that their backend processes such as anti-money laundering and know your customer checks are robust. ( read original story ...)

Ant Group and its advisers are getting creative as they attempt to score the world's largest initial public offering amid a coronavirus pandemic as well as a first-of-its-kind simultaneous listing in ... ( read original story ...)

Dozens of democracy supporters were arrested in Hong Kong Thursday for defying a protest ban as the city marked China's National Day and its leader hailed Beijing's new security law for restoring ... ( read original story ...)

Hong Kong has seen a shift in the economic landscape over the past few months to a year. With radical innovation, growing competition and continually changing regulations the disruption faced by Hong ... ( read original story ...)