The company said "intense and increasing competition with other airlines was the most important factor" affecting its financial results. It also was buffeted by economic factors including China's slowdown, fewer tourists visiting Hong Kong and a stronger ... ( read original story ...)
Hong Kong Airlines appoints new Chief Financial Officer
Hong Kong Airlines announced the appointment of Luo Jiaqi, Jacky as Chief Financial Officer (CFO). Luo is responsible for the company’s overall financial management, capital planning and allocation. Luo has an experience of almost 20 years in the ... ( read original story ...)
Hong Kong's central bank raises base rate by 25 basis points
HONG KONG, March 16 The Hong Kong Monetary Authority on Thursday raised the base rate charged through its overnight discount window by 25 basis points to 1.25 percent. The move from Hong Kong's de facto central bank followed the U.S. Federal Reserve's ... ( read original story ...)
Hong Kong Regulator Fines Bocom Unit for IPO Sponsorship Lapses
Hong Kong’s securities regulator fined Bank of Communications Co.’s investment-banking unit HK$15 million ($1.9 million) for failings related to its work of a Chinese company’s initial public offering in late 2014. As sole sponsor of the listing ... ( read original story ...)
Hong Kong regulator fines Bocom unit for IPO sponsor failures
HONG KONG Hong Kong's securities regulator has fined and reprimanded a subsidiary of Bank of Communications (Bocom)(601328.SS) for failing to "discharge its duties" as a sole sponsor of a listing application of a mainland Chinese company in the city, it ... ( read original story ...)
Hong Kong Regulator Said to Probe CCB International's IPO Work
(Bloomberg) -- Hong Kong’s securities regulator is investigating CCB International Holdings Ltd., the No. 2 underwriter of initial public offerings in the city last year, for its role advising a Chinese seafood supplier on now-scrapped listing plans ... ( read original story ...)
UPDATE 1-Hong Kong pins Aramco IPO hopes on China's deep pockets
HONG KONG, Feb 27 Hong Kong's stock exchange will bank on its role as a gateway to mainland China's deep-pocketed investors to take on other leading venues and win the coveted $100 billion listing of Saudi Arabia's giant state oil company, Aramco, it said ... ( read original story ...)
HKEx CEO: Saudi Aramco IPO on our exchange would be ‘match made in heaven’
Launching the Saudi Aramco initial public offering (IPO) on Hong Kong stock exchange would be a "match made in heaven," Charles Li, CEO of HKEx, told CNBC. The expected listing of the Saudi oil and gas company is predicted to be the world's largest initial ... ( read original story ...)
Who will win the world's biggest IPO?
And as for Hong Kong, Nagata said that exchange may boast China-based institutional investors, but it has fewer individual investors than Tokyo. Speaking with CNBC this week, HKEX CEO Charles Li made his own pitch for Aramco, saying an IPO in Hong Kong ... ( read original story ...)
This Selfie App Has Soared Over 35% Since December IPO
Meitu (1357.Hong Kong), China’s own Instagram, has risen by over 35% after raising about $600 million in an IPO in Hong Kong last December. Meitu is rising for a fourth consecutive day and is trading at 11.62 Hong Kong dollars, a good 37% above its IPO ... ( read original story ...)
Minsheng extends education IPO streak
It will be the third Hong Kong IPO in the education sector this year, coming hot on the heels of Wisdom Education... ( read original story ...)
Hong Kong leadership rivals clash ahead of 'unfair' vote
Hong Kong's leadership candidates faced off in a live television ... Lam is lagging in most public opinion polls which favour former finance secretary John Tsang, perceived as a more moderate pro-establishment nominee. The third and most liberal candidate ... ( read original story ...)
China, Hong Kong shares flat; caution dominates solid econ data
Banking stocks in both China and Hong Kong were firm, as Goldman Sachs updated China stocks to "overweight", with a bullish view on China's banking sector, citing improving credit outlook and growing loan pricing power. ( read original story ...)
Hong Kong’s Regulator SFC Warns Against Global-FX
The SFC routinely warns about such entities and scams operating in Hong Kong, one of the region’s paramount financial markets. Presently, the SFC’s comprehensive Alert List features the names of businesses that have come to the attention of the ... ( read original story ...)