Tag: banking

HONG KONG (Reuters Breakingviews) - Old IPOs are bringing new problems for UBS. Hong Kong’s securities regulator intends to suspend the Swiss bank from sponsoring local market debuts for 18 months. Fees for such advisory work may be marginal, but ... ( read original story ...)

The Hang Seng Index has rebounded 6.4 per cent from this year’s low in February, as concerns eased about faster-than-expected increases in borrowing costs. Citic Securities estimated as much as 14 per cent growth earnings increase for Hong Kong-traded ... ( read original story ...)

Heavyweight mainland financial stocks China Construction Bank (CCB) and Ping An Insurance Group rose 3.1% and 2.3%, respectively. The Hang Seng China Enterprises Index of large mainland companies listed in Hong Kong had advanced 1.8% by midday. Air China ... ( read original story ...)

Hong Kong’s index futures advanced on Monday on optimism about ... March futures contracts on the Hang Seng Index rose 1 per cent, or 315 points, to 31,311 before the spot market opens at 9:30am. The Hang Seng Index added 1.1 per cent to 30,996.21 ... ( read original story ...)

Hong Kong’s foreign exchange market, usually the least interesting financial market in the world, has been making headlines recently. You’ll be glad to know you can breathe easy. The worst that is likely to happen over the coming months in Hong Kong ... ( read original story ...)

Singapore’s reform has kickstarted interest in Asia around the availability of legal finance. Hong Kong was the first to follow, where financing provisions were already in place for insolvency cases (and certain other limited categories). After an ... ( read original story ...)

It’s not related to the economy. It’s a purely monetary phenomenon,” said Raymond Yeung, an economist at Australia & New Zealand Banking Group Ltd. in Hong Kong. “If Hong Kong rates don’t rise, it’s hard for asset prices to correct.” ( read original story ...)

The top gainers among H-shares were China Merchants Bank Co Ltd up 2.11 per cent ... trading at a premium of 29.82 per cent over the Hong Kong-listed H-shares. The price-to-earnings ratio of the Hang Seng index was 13.16 as of the last full trading ... ( read original story ...)

The Hong Kong securities regulator has banned UBS from sponsoring initial public offerings for 18 months, after an investigation into the Swiss bank’s role in certain listings on the city’s stock exchange. In a blow to its Asian investment banking ... ( read original story ...)

Hong Kong-based Hang Seng Bank plans to expand its use of fintech in mobile banking services. Additionally, based on consumer uptake of the facial recognition feature of iPhone X, the bank is considering the use of facial recognition technology at its ATMs ... ( read original story ...)

Hong Kong’s securities regulator has blocked UBS from sponsoring initial public offerings for 18 months, the Swiss bank said in its annual report released on Friday, adding it planned to appeal against the decision. The Securities and Futures Commission ... ( read original story ...)

Hong Kong and mainland stocks ended higher on Thursday after China’s exports significantly exceeded estimates, bolstering optimism about the strength of the world’s second-largest economy. The Hang Seng Index rose 1.5 per cent, or 457.60 points ... ( read original story ...)

Stocks in Hong Kong rebounded today, tracking overnight gains on Wall ... Only four blue-chips fell today. Hang Seng Bank (0011) slid 0.49 percent to HK$184.10 and Bank of East Asia (0023), the biggest loser on the benchmark, dropped 0.59 percent to ... ( read original story ...)

Around a third, 32.5%, of its Asia-Pacific IPO revenues last year, or $21.1m, were generated from listings in Hong Kong, according to Dealogic. The Swiss bank, which finished second in the Hong Kong IPO revenue league table in 2017, is appealing the ... ( read original story ...)