Tag: banking

SHANGHAI, Nov 10 (Reuters) - With Hong Kong stocks hitting fresh decade-highs this week ... Renewed upward momentum this week propelled the benchmark Hang Seng Index to its highest level in 10 years, and mainland investors accelerated their buying. ( read original story ...)

A company that moves some 600 million yuan between Hong Kong and the mainland every day is banking on the multibillion dollar Hong Kong-Zhuhai-Macau bridge to expand its suite of services and internationalise its business. Vpower Finance Security ... ( read original story ...)

Hong Kong’s youngest political party Demosisto, co-founded by student activist Joshua Wong Chi-fung, removed a core member from its standing committee on Thursday after he was found to have violated the group’s financial rules. Derek Lam Shun-hin, 24 ... ( read original story ...)

ICBC, by comparison, made less than 25 percent of its stock freely tradable in Hong Kong. Its two biggest shareholders, Huijin and China's Ministry of Finance, can only offload their stakes in Shanghai. This subtle distinction is making a world of ... ( read original story ...)

Now this is not the end. It is not even the beginning of the end. But it is, perhaps, the end of the beginning. Like military campaigns, market cycles are subject to uncertainty in their duration. Winston Churchill's famous admonition was an attempt to ... ( read original story ...)

Hong Kong stocks ended lower on Wednesday, as investors took profits in tech shares including Chinese internet giant Tencent and financial stocks, after the index rose to a fresh 10-year intraday high in the morning. The Hang Seng Index fell 0.3 per cent ... ( read original story ...)

Foreign bank’s exposure to mainland China stood at US$1.89 trillion – a record high – at the end of the first half of this year, according to data from ratings agency Fitch. Tighter liquidity on the mainland, easy liquidity in Hong Kong and Chinese ... ( read original story ...)

HONG KONG (Reuters) - Tencent’s e-book unit China Literature Ltd (0772.HK) saw its shares surge more than 80 percent in their debut on Wednesday, as Hong Kong investors embrace a rush of tech listings, marking the biggest first-day gain for a large IPO ... ( read original story ...)

“We want to become China’s version of Marvel,” Wu said then. “Through this IPO, we want to bring Chinese original literature to a more Hong Kong and global audience. In future, the company will try to develop products based on the IP we ... ( read original story ...)

Lord Hain believes that HSBC needs to be investigated for “possible criminal conspiracy” over money laundering for South Africa’s Gupta family who, in turn, are alleged to have unlawfully profited from ties to President Jacob Zuma. These allegations ... ( read original story ...)

HONG KONG (Reuters Breakingviews) - Hong Kong’s listing market looks more Chinese every day. China Literature, the online publishing arm of mainland tech colossus Tencent, smashed the chandeliers in its $1.1 billion Hong Kong debut, soaring more than 80 ... ( read original story ...)

Shares in China Literature, Tencent Holdings’ online publishing arm and the mainland China’s largest online publishing and e-book website, soared 64 per cent in early trading in Hong Kong on Wednesday, in what’s being dubbed the city’s hottest IPO ... ( read original story ...)

Shares in China Literature, Tencent Holdings’ online publishing arm and mainland China’s largest online publishing and e-book website, rocketed 88 per cent in value by late morning, after initially jumping 64 per cent immediately in early trading in ... ( read original story ...)

Hong Kong demand for new share sales has hit fever pitch, with 417,000 people applying for lots in Tencent Holdings Ltd.’s online bookstore unit - more than 5 per cent of the city’s population. China Literature Ltd.’s retail offering was 625 times ... ( read original story ...)