Tag: banking

* Consideration for proposed transfer of Philippines business is 4.4026 billion pesos * ‍Consideration for proposed transfer of Vietnam business is USD152 million Source text for Eikon: Further company coverage: Our Standards:The Thomson Reuters ... ( read original story ...)

BOC Hong Kong (Holdings) Ltd. (2388.HK) said Monday it plans to buy parent Bank of China Ltd's (3988.HK) Vietnam and Philippines businesses for about 1.59 billion yuan (US$240 million), as part of a restructuring in the Asean region. Continue Reading Below ... ( read original story ...)

BEIJING, Nov 6 (Reuters) - BOC Hong Kong Holdings Ltd , a unit of Bank of China Ltd, said on Monday it had agreed to acquire the Vietnamese and Philippine businesses from its parent for about $238 million, the latest step in the bank’s restructuring in ... ( read original story ...)

A series of successful recent initial public offerings suggests Hong Kong’s stock exchange may be turning into a listing hub for technology firms. But the transformation is something of a mixed blessing as two large international companies with a ... ( read original story ...)

HONG KONG, Nov 3 (Reuters) - Shandong International Trust has won approval from the Hong Kong stock exchange for its proposed $300 million listing - the first initial public offering by a mainland trust in more than two decades, IFR reported on Friday. ( read original story ...)

Nov 3 (Reuters) - Hong Kong's money market rates spiked this week to multi-year highs, reacting afresh to the central bank's efforts in the past few months to soak up excess cash, push rates closer to U.S. yields and put a floor under its currency. ( read original story ...)

The financial secretary has defended his decision earlier this year not to waive the annual business registration fee, even though the World Bank said it had weakened Hong Kong’s competitiveness. Paul Chan Mo-po said the HK$2,000 fee was of a “trivial ... ( read original story ...)

* Acquisition of Cambodia business will take place on nov 6 as agreed in cambodia asset purchase agreement Source text for Eikon: Further company coverage: Our Standards:The Thomson Reuters Trust Principles. ( read original story ...)

Hong Kong stocks fell for a third time in four days on Thursday, as traders sold financial companies to take profits from the best-performing sector this quarter after their earnings releases. The Hang Seng Index retreated 0.3 per cent, or 75.42 points, to ... ( read original story ...)

Hong Kong’s selection to host the 2022 Gay Games puts the spotlight on calls by Goldman Sachs Group Inc., BlackRock Inc. and other financial institutions for the city government to make progress on gay rights or risk harming efforts to lure global talent. ( read original story ...)

SHANGHAI, Nov 2 (Reuters) - Hong Kong stocks slipped on Thursday, echoing nervousness in global markets as investors waited for key policy events in the United States and what could be the Bank of England’s first hike in more than 10 years. Investors ... ( read original story ...)

The weekend is upon us, and it is time to start thinking about what to eat tomorrow evening before Saturday rolls in. Well next week you’re in luck, because November 9 will be Elite Dining Week, a chance to sample some of the best food in Hong Kong ... ( read original story ...)

"Hopefully, it is only pushed up by short-term initial public offering margin lending demand," and not because of tighter liquidity in the banking system. Garment-supplier Crystal International is expected to start trading on Hong Kong's main board on ... ( read original story ...)

Hong Kong stocks inched lower on Thursday by the midday break, weighed by financial companies. The Hang Seng Index was down 0.2 per cent, or 41.59 points, to 28,552.47 by the midday break on Thursday, while the Hang Seng China Enterprises Index fell 0.1 ... ( read original story ...)