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Tag: banking

Posted on 24/09/2020

HSBC loyalists lose faith after stock’s $114 billion plunge this year

HSBC Holdings' tumbling stock price is testing the patience of even the bank's most loyal investors.. Read more at straitstimes.com. ( read original story ...)

Posted on 24/09/2020

Hong Kong says social media used in 20% of its stock manipulation cases

Hong Kong's financial markets watchdog said on Thursday that about 20% of the market manipulation schemes it is currently investigating are so-called "ramp and dump scams" conducted via social media. ( read original story ...)

Posted on 24/09/2020

Hong Kong could expand investment menu on mainland stocks to attract US$5.6 billion of funds, think tank says

The recommendations signal more efforts in store to defend Hong Kong’s position as a financial hub by leveraging Asia’s biggest pool of securities for growth. This will give foreign investors access ... ( read original story ...)

Posted on 24/09/2020

Billionaire Property Heir Has Big Bets on Troubled Hong Kong

From building Hong Kong’s largest shopping mall to constructing a sprawling $3.9 billion sports center, Adrian Cheng has been one of the most aggressive property investors in town. It’s a costly ... ( read original story ...)

Posted on 24/09/2020

Hong Kong company director arrested on suspicion of laundering HK$400 million

Hong Kong customs has arrested the director of a possible shell company on suspicion of laundering HK$400 million (US$51.6 million) through eight bank accounts over the past two years. Her capture was ... ( read original story ...)

Posted on 23/09/2020

Ant Plans $17.5 Billion Hong Kong IPO, No Cornerstones

Jack Ma’s Ant Group Co. is aiming to raise $17.5 billion in its Hong Kong share sale and won’t seek to lock in cornerstone investors, confident there will be plenty of demand for one of the largest ... ( read original story ...)

Posted on 23/09/2020

Ant Group to raise $17.5 billion via Hong Kong IPO without cornerstone investors – sources

China's Ant Group plans to raise about half of its $35 billion dual listing in Hong Kong and will not offer a cornerstone tranche as it bets on strong demand from institutional investors, sources said ... ( read original story ...)

Posted on 23/09/2020

ZHA reveals designs for Hong Kong office block on world’s most expensive site

The prime plot is located near a number of iconic office towers, including IM Pei’s 72-storey Bank of China building Cesar Pelli’s 63-storey Cheung Kong Centre and Foster + Partners’ 1985 Hong Kong ... ( read original story ...)

Posted on 23/09/2020

Ant Plans $17.5 Billion Hong Kong IPO, No Cornerstone Investors

(Bloomberg) -- Jack Ma’s Ant Group Co. is aiming to raise $17.5 billion in its Hong Kong share sale and won’t seek to lock in cornerstone investors, confident there will be plenty of demand for one of ... ( read original story ...)

Posted on 23/09/2020

Hong Kong Traders Chased 1,600-1 Odds to Buy IPO That Flopped

One of Hong Kong’s most-popular initial public offerings among retail investors fell in its debut, pouring cold water on the city’s red-hot sentiment over new listings. ( read original story ...)

Posted on 23/09/2020

Bank of East Asia to launch sale of insurance business in strategy overhaul

HK> said on Wednesday it had decided to initiate a sale of its insurance business following the completion of a review of its portfolios and assets. ( read original story ...)

Posted on 23/09/2020

Hong Kong Traders Chased 1,600-in-1 Odds to Buy IPO That Flopped

One of Hong Kong’s most-popular initial public offerings among retail investors dropped in its debut, pouring cold water on the city’s red-hot sentiment over new listings. ( read original story ...)

Posted on 23/09/2020

JD.com to Spin Off Healthcare Unit in Hong Kong IPO

Chinese e-commerce giant JD.com (NASDAQ:JD) will spin off its massive JD Health subsidiary in an initial public offering (IPO), the company has revealed in a tersely worded regulatory filing. It will ... ( read original story ...)

Posted on 23/09/2020

Pop Mart, Radiance target Hong Kong IPOs in busy October

Radiance Holdings plans to use the net proceeds raised from its IPO on financing ongoing projects and to repay existing trust loans, according to preliminary listing papers it filed with the stock ... ( read original story ...)

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