Tag: banking

The U.S. tech IPO window may have reopened in 2017 following a lull last year, but the outlook is also looking rosier for another listing platform located on the other side of world. The Hong Kong Stock Exchange (HKSE) is experiencing a renaissance of ... ( read original story ...)

Changes to the procedural rules for the Legislative Council’s finance committee will be moved to prevent lengthy discussions in the future, according to the head of the panel. Finance committee chairman Chan Kin-por revealed the plan a day after HK$3.6 ... ( read original story ...)

Hong Kong and mainland China are the most vulnerable economies at risk of a financial crisis over the next three years as over 40 out of 60 economic indicators are sending alarm signals, including runaway property prices and soaring levels of private debt. ( read original story ...)

The city’s benchmark Hang Seng Index traded ... in the near term, Hong Kong stocks might have to consolidate at current level,” says KGI Securities director Ben Kwong. He says investors are focusing on the European Central Bank’s meeting on Thursday ... ( read original story ...)

HONG KONG, July 19 (Reuters) - Shares in Zhongyuan Bank Co Ltd ... The stock was indicated to open at HK$2.52, compared with the HK$2.45 IPO price. The benchmark Hang Seng index was poised to open 0.1 percent higher. Zhongyuan Bank priced the 3.3 billion ... ( read original story ...)

Bank of China Hong Kong (BoC HK), the second largest commercial bank in the city, and actually one of the key strategic corporates in Hong Kong, is leading the pack. BoC HK is in the process of acquiring its parent Head Office’s (BoC China, Beijing ... ( read original story ...)

HONG KONG, July 19 (Reuters) - Shares in Zhongyuan Bank Co Ltd, the largest city commercial bank in central China's Henan province, rose 2 percent in their trading debut on Wednesday despite weak demand from retail investors for the lender's $1 billion ... ( read original story ...)

Zhongyuan Bank, the biggest city lender in central China, made a sluggish debut on the Hong Kong stock exchange, after investors gave the city’s third-biggest initial public offering of 2017 the cold shoulder. The bank’s shares traded for the first ... ( read original story ...)

HONG KONG, July 18 (Reuters) - Hong Kong stocks rose for a seventh straight session on Tuesday as gains in the technology and energy sectors offset losses in financial stocks. The Hang Seng index finished 0.2 percent, or 54.36 points higher at 26,524.94. ( read original story ...)

These are important days for Hong Kong’s financial and insurance community. There are far-reaching debates within our city and major global trends under way that will determine the financial future of Hong Kong. It’s been 20 years since Britain’s ... ( read original story ...)

Hong Kong Monetary Authority Chief Executive Norman Chan Tak-lam, 62, is Hong Kong’s central banker. Paid HK$6.5 million per year (substantially less than his predecessor, Joseph Yam), Chan is still ranked as one of the highest paid central bankers in ... ( read original story ...)

SINGAPORE: Described as “embattled”, “in decline” or “less shiny” by observers, Hong Kong is facing significant challenges in its bid to retain its position as Asia’s leading global financial centre. Hong Kong’s decline was made most ... ( read original story ...)

There are good reasons for Hong Kong to feel confident about the stability of its financial system with the linked exchange rate mechanism backed by a prudent fiscal policy and more than ample reserves. But financial stability can be disrupted by upheavals ... ( read original story ...)

People often complain about Hong Kong’s notoriously tiny apartments, but for investors like Blackstone Group LP, opportunity can be found in small places. Welcome to the world of self storage. The majority of Hong Kong’s 7.4 million residents live in ... ( read original story ...)