Tag: banking

The stock markets in Hong Kong and mainland China gave up early gains and ended lower on Monday, with concern about the outlook for Chinese banks eclipsing optimism around technology stocks and upbeat ... ( read original story ...)

China's state-backed Greenland Holdings' financial arm is planning to raise up to 6 billion yuan ($876.41 million) in a pre-IPO round that will raise its valuation to 34 billion yuan, according to an ... ( read original story ...)

Hong Kong stocks reversed earlier gains to end lower on Monday, weighed down by financial and consumer staples firms. ** At the close of trade, the Hang Seng index was down 245.01 points, or 0.96%, at ... ( read original story ...)

Chinese drinks producer Nongfu Spring 9633.HK will raise nearly $1.1 billion in its Hong Kong initial public offering (IPO) after ... ( read original story ...)

BOC Hong Kong (Holdings) Ltd. said its first-half net profit fell 12% compared with the same period a year earlier as the Covid-19 pandemic caused higher impairments and cut into its operating income. ( read original story ...)

The Hong Kong stock market has alternated between positive and negative finishes through the last four trading days since the end of the two-day winning streak in which it had jumped more than 750 ... ( read original story ...)

Antengene, a three-year old Shanghai startup originally backed by Celgene, will conduct a Hong Kong IPO that is expected to raise $200 million. ( read original story ...)

Smuggled cigarettes amounting to P121 million were confiscated in the Subic Bay Freeport, the Bureau of Customs (BOC) reported on Saturday. The BOC in Subic port said ... ( read original story ...)

China tensions mean cash reserves need to be kept strong, argue financial secretary and city’s No 2 executive. ( read original story ...)

The top beneficiary was the city’s biggest international school group, the English Schools Foundation (ESF), which received more than HK$71 million, while dozens of other schools received help to the ... ( read original story ...)

SPACs, or special purpose acquisition companies, tend to be worse investments than standard initial public offerings, says Renaissance Capital's Kathleen Smith. ( read original story ...)

Separate attempts to smuggle illegal shipment of cigarettes into the country were recently foiled by the Bureau of Customs. ( read original story ...)

The Bureau of Customs (BOC) has intercepted more than a hundred million pesos worth of smuggled cigarettes at the Port of Subic. ( read original story ...)

A host of companies have filed for U.S. initial public offerings (IPOs) this week in the busiest period in recent history, as businesses rush to take advantage of ample investor appetite for new ... ( read original story ...)