Tag: banking

Aquila Acquisition Corp, Hong Kong’s first special purpose acquisition company (Spac), has filed a draft IPO prospectus with the city’s stock exchange. Spacs, also known as blank-cheque companies, are ... ( read original story ...)

NASDAQ 100,HANG SENG INDEX, ASX 200 INDEX OUTLOOK: Dow Jones , S&P 500 and Nasdaq 100 closed -0.56%, +0.08%, and +0.75% respectively on Friday ; US 10-year Treas ... ( read original story ...)

HSBC Holdings Plc warned traders that one of the main risks to business continuity is the city’s quarantine policy as the Asian financial hub tightens to contain a fifth wave of infections. ( read original story ...)

Stocks appear to be on firmer footing in early trading as China’s economic slowdown strengthens expectations for further policy and market-friendly measures. ( read original story ...)

The Hong Kong stock market has finished lower in consecutive trading days, sinking more than 210 points or 0.9 percent along the way. The Hang Seng Index now sits just shy of the 24,220-point plateau ... ( read original story ...)

A SPAC backed by China Merchants Bank applied to list in Hong Kong late on Monday, the first company to do so since new rules allowing such listings took effect at the start of this year. HONG KONG, ... ( read original story ...)

THE Hongkong Shanghai Banking Corp. (HSBC) has appointed Sandeep Uppal as president and chief executive officer of its Philippine unit, the bank said in a statement. ( read original story ...)

HSBC on Monday announced that Sandeep Uppal has been appointed as the new president and chief executive officer of HSBC Philippines, subject to regulatory approval.In a ... ( read original story ...)

Marco Montanari joins in the newly created role of global capability head, ETF & indexing, as part of the firm's repositioning of its passive business. ( read original story ...)

Qingdao AInnovation Technology Group, an artificial intelligence solutions start-up, has kicked off its Hong Kong IPO, eyeing proceeds of up to HK$1.22bn ($156.9m). China Renaissance, CICC and UBS are ... ( read original story ...)

A possible rate hike in March will also positively affect the bank. Bank of China’s Hong Kong franchise (BOCHK) is expected to be a prime beneficiary of the growth of cross-border financial services ... ( read original story ...)

And those already listed overseas have another issue to contend with: should they delist and make a fresh IPO back home? Ever since ride-hailing giant Didi's fortunes suddenly reversed last year, more ... ( read original story ...)

The South Korean group's $11 bln spinoff was partly designed to unlock value. But the parent now trades at a discount to its 82% stake in its newly unleashed subsidiary. Its unloved ... ( read original story ...)

Ahead of coming address in February, financial secretary has faced mounting calls to roll out fresh round of consumption vouchers or more sweeteners He says targeted approach may lead to backlash over ... ( read original story ...)