Tag: banking

... Yue Yi was appointed to head the risk management committee of Hong Kong Exchanges and Clearing (0388) yesterday.Yue, who replaced former chairman Raymond Cheng, has just retired from BOC Hong Kong (2388) and was replaced by Gao Yingxin.Meanwhile ... ( read original story ...)

Lufax, one of China’s major online wealth management platforms, plans to launch an initial public offering in April in Hong Kong, which could value the firm at about US$60 billion in what could be the city’s biggest fintech flotation. The Ping An ... ( read original story ...)

A huge surplus expected in Hong Kong’s budget will be invested in the long-term development of the city, with priority given to elderly care, medical services, research and creative industries, the financial secretary revealed on Saturday. Paul Chan Mo ... ( read original story ...)

The Hong Kong stock market is currently very much sought-after by technology companies, partly because of the reform of its IPO listing rules. The city’s exchange operator Hong Kong Exchanges and Clearing proposed two chapters of new existing listing ... ( read original story ...)

Saudi Arabia has shortlisted New York, London and Hong Kong — singly or in a combination of two or even all three — for the international listing of state oil company Aramco. Riyadh could raise as much as $100 billion in the sale of up to 5% of Aramco. ( read original story ...)

Finance professionals in Hong Kong are six times more optimistic about the city’s economic outlook in 2018 compared to last year, thanks to economic growth in mainland China, a firm US economy, low interest rates and a government plan to ease tax burdens ... ( read original story ...)

Bank of China (Hong Kong) (the "Bank") will arrange alternate collection from 18 to 31 January 2018 (the "alternate collection period") for successful applicants who have not yet collected the Bank of China (Hong Kong) Centenary Commemorative Banknote (the ... ( read original story ...)

Jan 12 (Reuters) - Hong Kong's Hang Seng Index ended trading at a record high on Friday, after rising for 14 consecutive days in the longest ever winning streak that reflects sustained investor optimism even after a bumper 2017. ** Market sentiment was ... ( read original story ...)

Hong Kong's benchmark Hang Seng Index has had a roaring start to the year. Wednesday's session saw the 51-stock index close higher for the 12th straight day, marking the benchmark's longest winning streak since it was first started in 1969. That beat the ... ( read original story ...)

SHANGHAI, Jan 11 (Reuters) - Hong Kong's benchmark stock index rose for the 13th consecutive session on Thursday, as strength in financial shares offset losses of 2.5 percent for index heavyweight Tencent Holdings. ** At close of trade, the Hang Seng index ... ( read original story ...)

Hong Kong lost its spot as the world's top IPO fundraising venue in 2017. In response, the Hong Kong Stock Exchange is aiming to attract more high-quality emerging and innovative companies to launch IPOs in the city. It unveiled the proposed changes in mid ... ( read original story ...)

The wait will soon be over for Hongkongers wishing to perform real-time fund transfers around the clock, after the government confirmed on Wednesday that a faster payment system linking major banks and electronic payment platforms would kick off in September. ( read original story ...)

[Photo by Edmond Tang/China Daily] The government is considering giving a green light to high-quality companies involved in the Belt and Road Initiative to raise funds through a yuan-denominated initial public offering in the Hong Kong stock market. ( read original story ...)

Investors are still flocking to initial public offerings in Hong Kong, with a Chinese eye-clinic chain drawing the heaviest demand in more than a decade even after some of last year's hot deals fell below their offer prices. Individual buyers placed orders ... ( read original story ...)