Hong Kong (CNN Business)HSBC is speeding up its mammoth restructuring plan as the bank continues to grapple with ongoing headaches, from ultra-low interest rates and geopolitical tensions to the ... ( read original story ...)
Critical Review: Boc Hong Kong (BHKLY) & The Competition
Boc Hong Kong (OTCMKTS: BHKLY) is one of 74 publicly-traded companies in the “Commercial banks, not elsewhere classified” industry, but how does it weigh in compared to its peers? We will compare Boc ... ( read original story ...)
HSBC to revamp business model as lower interest rates hit profit
HSBC Holdings PLC on Tuesday signalled it would embark on a pandemic-induced overhaul of its business model, seeking to flip its main source of income from interest rate to fee-based ... ( read original story ...)
Hong Kong’s Weaker Financial Hub Appeal is Japan’s Opportunity, Aso Says
Japan should consider setting up a special economic zone for global banking businesses now that Hong Kong is losing its appeal as a financial hub amid China’s crackdown, Japanese finance minister Taro ... ( read original story ...)
Jack Ma’s Ant Set to Raise $35 Billion in Biggest-Ever IPO
Jack Ma’s Ant Group Co. is set to raise about $34.5 billion through initial public offerings in Shanghai and Hong Kong, a blockbuster listing that will rank as the biggest IPO ever and make it one of ... ( read original story ...)
Covid-19 won’t last forever, but online learning here to stay, former Hong Kong finance chief says in predicting ‘new normal’ for education
It’s unfortunate that only amid the Covid-19 pandemic has the whole process of adapting to online teaching and the use of technology in education been sped up John Tsang, former Hong Kong financial ... ( read original story ...)
Hong Kong leader to visit Beijing to discuss plans to revive economy
Hong Kong leader Carrie Lam said on Tuesday she will travel to China next week for a three-day visit to discuss plans to revive the global financial hub's economy, which has been battered by the ... ( read original story ...)
Banks, brokers to offer record US$38.7 billion of margin financing for Hong Kong retail investors to buy into Ant’s giant IPO
Ant’s IPO which is on course to smash all previous IPO records is expected to lock up funding of HK$800 billion, higher than Nongfu Spring at HK$677 billion, brokers estimate. ( read original story ...)
Investors line up for Ant Group’s record $34.4 billion IPO
Ant Group Co Ltd is poised to raise up to $34.4 billion in the world's largest stock market debut as investors rush to buy into the fast-growing Chinese fintech giant despite ... ( read original story ...)
China Brokers Challenge Goldman With Best IPO Ranking in Decades
Chinese brokerages are having a bumper year for equity dealmaking, with Ant Group’s multi-billion-dollar initial public offering poised to boost their showing in the global ranking to the best in at ... ( read original story ...)
Ant’s Record IPO To Lift Jack Ma’s Fortune By $27 Bln, Mint 18 Billionaires
Ant Group’s world-record-beating IPO will lift the fortune of China Internet heavyweight Jack Ma by $27 billion and create at least 18 other billionaires, according to pricing announced by the company ... ( read original story ...)
Lufax is going public in the US after postponing its original Hong Kong-based IPO
Lufax hopes to go public in the US, aiming to raise $2.4 billion at a valuation of around $30 billion, and expects to start trading on October 30. ( read original story ...)
China’s Ant Group prices Shanghai IPO leg at 68.8 yuan per share
China's Ant Group Co Ltd 688688.SS on Monday set the pricing for the Shanghai leg of its mega dual-listing at 68.8 yuan ($10.27) per share, the company said in a filing to the local exchange. Ant ... ( read original story ...)
TikTok parent ByteDance in early IPO talks to list businesses including short video app Douyin
Chinese technology giant ByteDance is in early stage talks to take some of its business including Douyin public, a person familiar with the matter told CNBC. ( read original story ...)