Tag: banking

HONG KONG (Reuters) - Bank of Communications (3328.HK) (601328.SS) said it plans to invest HK$7.9 billion ($1.01 billion) to set up a wholly-owned subsidiary in Hong Kong, which will focus on the retail and private banking business. The bank said in a ... ( read original story ...)

Deutsche Bank AG’s asset-management unit is closing 16 exchange-traded funds in Hong Kong, following BlackRock Inc. in de-listing ETFs with low demand. The 16 Deutsche Bank X-trackers ETFs ceased trading on Wednesday, according to a Hong Kong exchange ... ( read original story ...)

Deutsche Bank AG’s asset-management unit is closing 16 exchange-traded funds in Hong Kong, following BlackRock Inc. in de-listing ETFs with low demand. The 16 Deutsche Bank X-trackers ETFs ceased trading on Wednesday, according to a Hong Kong exchange ... ( read original story ...)

HONG KONG—One is a British bank founded in the 19th century colonial era ... in Tencent Holdings Ltd.—the two biggest stocks by weighting in the benchmark Hang Seng Index—helped push it through the 26000 barrier Thursday to its highest level on ... ( read original story ...)

Hong Kong stocks touched a two-year high on Wednesday, led by Chinese financials including Bank of China and Industrial & Commercial Bank of China after the People’s Bank of China injected short-term liquidity into the markets, easing concerns about an ... ( read original story ...)

Razer Inc. is shooting for a Hong Kong initial public offering that could value the gaming ... It’s sold $1-billion worth of product globally in the past three years, Mr. Tan added. Razer’s IPO would be one of the largest tech debuts in the Asian ... ( read original story ...)

HONG KONG Razer Inc, a gaming hardware maker backed by Intel Corp and Hong Kong billionaire Li Ka-shing, plans to go public toward the end of October in an IPO that will value the company at up to $5 billion, a person familiar with the deal said on Wednesday. ( read original story ...)

HONG KONG, July 12 (Reuters) - Chinese city commercial lender Zhongyuan Bank Co Ltd priced its Hong Kong initial public offering (IPO) near the bottom of expectations, raising $1 billion to bolster its capital base, IFR reported. The IPO of about 3.3 ... ( read original story ...)

Hong Kong stocks broke through the 26,000 level on Wednesday as they headed for their best week in four months. Gains for banks and technology stocks supported the Hang Seng index on Wednesady ... after the People’s Bank of China reportedly injected ... ( read original story ...)

Start your day with what's moving markets in Asia. Sign up here to receive our newsletter. Introducing Hong Kong’s newest stock-market darling. Traders can’t seem to get enough of HSBC Holdings Plc. They’ve sent the shares up more than 20 percent in ... ( read original story ...)

SHANGHAI, July 11 Hong Kong stocks extended this week's rally, posting their best day in four months on Tuesday, bolstered by strong gains among financial sector stocks. The Hang Seng Index rose 1.5 percent, to 25,877.64 points, while the China Enterprises ... ( read original story ...)

Beijing may be finally learning from Hong Kong’s regulatory experience as it makes unprecedented efforts to maintain domestic financial stability and contain external shocks. This can be seen from last week’s half-year economic analysis seminar where ... ( read original story ...)

Hong Kong stocks rose, with the benchmark index climbing from a seven-week low, as HSBC Holdings Plc led financial shares higher and Orient Overseas International Ltd. jumped after being targeted for a takeover. The Hang Seng Index advanced 0.6 percent to ... ( read original story ...)

(The following statement was released by the rating agency) TAIPEI/HONG KONG, July 10 (Fitch) Fitch Ratings has assigned final 'A' ratings to Bank of China Ltd. (BOC, A/Stable) Hong Kong branch's USD550 million floating-rate senior unsecured notes due 2019 ... ( read original story ...)