Tag: banking

The pro-Beijing chairperson of the legislative committee approving Hong Kong government funding has suggested taking ... each lawmaker to raising only one unprepared motion in each Finance Committee debate. Chan’s proposal to amend meeting procedures ... ( read original story ...)

Reuters reported in April that China is creating a consortium, including state-owned oil giants and banks and its sovereign wealth fund, to act as a "cornerstone" IPO investor. Slideshow (6 Images) As well as New York and London, Hong Kong, Singapore ... ( read original story ...)

ZhongAn Online Property and Casualty Insurance Co is gunning for a valuation of up to $10bn in its Hong Kong IPO as bankers tout its China new economy credentials. The insurtech company hopes to raise $1bn-$1.5bn from its debut through sponsors Credit ... ( read original story ...)

Reuters reported in April that China is creating a consortium, including state-owned oil giants and banks and its sovereign wealth fund, to act as a “cornerstone” IPO investor. As well as New York and London, Hong Kong, Singapore, Tokyo, Hong Kong and ... ( read original story ...)

Great Wall Asset Management Co. is also seeking up to eight strategic investors ahead of a planned IPO, Reuters reported earlier. China Huarong Asset Management Co. and China Cinda Asset Management Co. have already listed on the Hong Kong bourse. ( read original story ...)

He's off to a quick start, getting in on this year's largest sale: Tezos, a smart contracts platform that raised $US200 million to outstrip the average Hong Kong IPO size this year of around $US31 million. "Unlike the traditional financial sector ... ( read original story ...)

07/26 CK HUTCHISON: CKI Holdings Offers to Buy Ista at EUR4.5bn 07/26 DJ Hong Kong Exchange Denies IPO -- WSJ 07/25 CK HUTCHISON: HTHKH Unaudited Results for the Six Months Ended 30 June 2017 07/25 DJ IPO Backed by Morgan Stanley and One of Asia's Richest ... ( read original story ...)

Visa is the ‘healthiest’ brand in Hong Kong, according to YouGov’s first brand health rankings. The list is dominated by financial services and payment brands – Visa, Octopus Card, Hang Seng Bank and HSBC – as well as retailers (luxury and ... ( read original story ...)

The stock hit a new all-time high on Thursday, up 1.8 per cent to close at HK$60.7. Net profit increased 42 per cent ... succeeding Mark Tucker, who is set to join HSBC as group chairman. “Asian economic growth remains strong and structurally resilient. ( read original story ...)

The previous record-breaking transaction for a single piece of British commercial property was the HSBC tower in Canary Wharf which was purchased by the Qatar Investment Authority in 2014 for £1.2bn. ( read original story ...)

Even that market share in Hong Kong and China needs defending. What's Tucker's strategy at HSBC Holdings Plc, where he is now chairman? Will he replicate his success at AIA and push HSBC deeper into insurance? With a profit margin of 54 percent ... ( read original story ...)

The group also owns and manages office and retail space in Guangzhou and Shanghai in China, as well as in central Hong Kong. The Cheesegrater, or Leadenhall Building, sold for £1.15bn in March HSBC building, 8 Canada Square, sold for £1.1bn in December ... ( read original story ...)

His departure comes just ahead of Nicholas Kwan, formerly an associate director in HSBC's Asia Pacific leveraged finance team, joining BAML's leveraged finance unit next month. ... Please take a trial or subscribe to access this content. Contact our ... ( read original story ...)

Moving HSBC's base from Hong Kong was a highly sensitive matter, hence it was directly handled in strict confidence by the top manager at accounting firm KPMG, assisted only by two confidantes and a secretary. Preparations were made under extreme secrecy ... ( read original story ...)