Tag: banking

Hong Kong banks are accelerating their lending exposure to China ... “Steady growth in lending to Chinese corporates and other non-bank borrowers - particularly private and non-mainland entities - is likely to continue, in part to support their expansion ... ( read original story ...)

Elsewhere in Asia, South Korea’s Kospi added +0.7%, while Hong Kong’s Hang Seng increased +0.4% and the Shanghai Composite Index advanced +0.4%. In Europe, the main indices have rebounded this morning after yesterday’s selloff being led by the FTSE ... ( read original story ...)

(The author is a Reuters Breakingviews columnist. The opinions expressed are her own.) By Robyn Mak HONG KONG, June 13 (Reuters Breakingviews) - Shares of WuXi Biologics, the city's biggest listing this year, popped as much as 39 pct on their debut. ( read original story ...)

Lo Kai-shui, the youngest sibling of one of Hong Kong’s wealthiest real estate clans, reaffirmed his position in support of his mother to remove HSBC as the trust manager of the largest percentage share of the family business. “She [Lo To Lee-kwan ... ( read original story ...)

REIT (00823) to HK$56 from HK$52, and maintained its "hold" rating. The research house said Link REIT's FY2017 distribution per unit (DPU) of HK$2.284 (up 10.8% y-y) was 5% above HSBC's estimate. Solid DPU growth reflected its better NPI margin expansion ... ( read original story ...)

They planned to speak about how the result of the case could affect Hong Kong’s competitiveness and ability to hire global talent. The institutions include: ABN AMRO Bank, AIG Insurance Hong Kong, Australia and New Zealand Banking Group, the Bank of New ... ( read original story ...)

Hang Seng Bank vice-chairman and chief executive Rose Lee Wai-mun, 64, will retire from July after serving at the lender for five years, the bank announced on Thursday. She will be replaced by Louisa Cheang, who has served as group general manager and ... ( read original story ...)

SHANGHAI, June 8 Hong Kong's benchmark Hang Seng Index climbed to another 23-month closing high ... any surprises from Thursday's UK general elections, the European Central Bank's policy meeting and congressional testimony from ex-FBI director James ... ( read original story ...)

More investment banking jobs could eventually move from Hong Kong to China, if global banks such as J.P. Morgan gain greater control over their mainland joint-venture operations, experts warn. J.P. Morgan is working with Chinese regulators to develop a new ... ( read original story ...)

“I feel a little bit sorry for HSBC,” said John Ashwood, Hong Kong managing director at Zedra, a trust services specialist. “What’s going on has nothing to do with the working of the trust but rather a dispute within the Lo family.” The Lo clan ... ( read original story ...)

Major international finance institutions in Hong Kong made a landmark intervention Wednesday in the case of a gay couple struggling to get their rights recognised by the city's courts. The 12 businesses -- including Morgan Stanley, Goldman Sachs and Credit ... ( read original story ...)

Nisha Gopalan is a Bloomberg Gadfly columnist covering deals and banking. She previously worked for the Wall Street Journal and Dow Jones as an editor and a reporter. The words hot and Hong Kong IPO haven't been seen in the same sentence for quite some time. ( read original story ...)

There is little doubt that Paul Chan Mo-Po will stay on as Hong Kong's Financial Secretary for the next five years. The question is why. The accountant didn’t make it in 2012, and John Tsang Chun-wah eventually got the job. Instead, Chan became the ... ( read original story ...)

HONG KONG, June 6 WuXi Biologics (Cayman) Inc priced its Hong Kong IPO at the top of expectations on Tuesday, raising $511 million in the largest new listing in the Asian financial hub in 2017, as investors jostled for a piece of the fast-growing business. ( read original story ...)