Tag: banking

HONG KONG, June 6 WuXi Biologics (Cayman) Inc priced its Hong Kong IPO at the top of expectations, a source with direct knowledge of the deal said on Tuesday, raising about $511 million in the largest new listing in the Asian financial hub in 2017. ( read original story ...)

Hong Kong’s top financial officials on Monday issued their strongest warning yet to homebuyers about escalating risks in the “exuberant” market, revealing that prices were now nearly 90 per cent above their peak in 1997. Principal government ... ( read original story ...)

Financial secretary Paul Chan Mo-po has warned that risks in Hong Kong’s “exuberant” property market are “very high” as interest rates will go up as many as three more times this year. He revealed that property prices in the city surged 6.5 per ... ( read original story ...)

HONG KONG Guangzhou Rural Commercial Bank Co Ltd (GRCB) launched a Hong Kong initial public offering worth as much as $1.1 billion on Monday, seeking funds for potential M&A and to open new branches as it expands its lending and investment businesses. ( read original story ...)

HONG KONG, June 5 (Reuters) - Guangzhou Rural Commercial Bank Co Ltd (GRCB) launched a Hong Kong initial public offering worth up to $1.1 billion on Monday, IFR reported, citing a term sheet of the transaction sent to investors. The IPO, which will raise ... ( read original story ...)

Hong Kong, a former British colony that returned to Chinese rule in 1997, is the only place on Chinese soil where a large-scale commemoration takes place, symbolizing the financial hub's relative freedoms compared with the mainland. This year's events are ... ( read original story ...)

Hong Kong has been sizing up the Fintech sector of finance for awhile now. But while Hong Kong is a regional financial powerhouse, when it comes to Fintech innovation they have ceded ground to Singapore. Yet authorities recognize that Fintech has the ... ( read original story ...)

Paul Chan, the Financial Secretary of Hong Kong wrote a strongly worded blog on May 28 where he criticized the decision taken by Moody's Investor Services to downgrade the debt rating of Hong Kong during the fourth week of May. Moody's slashed its ratings ... ( read original story ...)

Hong Kong is looking to boost its fintech scene with an initiative to help tech firms take the right road for their initial public offering (IPO). Hong Kong Science and Technology Parks Corporation (HKSTP) and Hong Kong Exchanges and Clearing (HKEX) have ... ( read original story ...)

Connecting investors, financial, legal and business experts to nurture top technology companies and accelerate the development of Hong Kong's innovation economy The Road to IPO platform, announced at a conference held at Hong Kong Science Park entitled ... ( read original story ...)

June 2 Hong Kong stocks closed the week at a near two-year high, supported by an upbeat mood in global equity markets and continuous money inflows from China. Both the Hang Seng index and the Hong Kong China Enterprises Index rose 0.4 percent, to 25,924.05 ... ( read original story ...)

It closed at 10.2 yuan, up from its IPO price of 7.08 yuan. The Shanghai-based maker of women’s apparels raised 424.8 million yuan, selling 60 million shares. In contrast, Speed Apparel, which debuted on the Growth Enterprise Board in Hong Kong ... ( read original story ...)

The Hong Kong financial market regulator is keeping a watchful eye on Switzerland’s UBS. A further case involving questionable activities by an investment banker has now come to light. Former UBS investment banker Calvin Choi (pictured below) seems to ... ( read original story ...)

HONG KONG - Ride-hailing giant Uber has reported another multibillion ... The company also said its head of finance, Gautam Gupta, is departing, becoming the latest high profile executive to leave amid a string of troubles facing the company. ( read original story ...)