Tag: banking

JD Logistics Inc has indicated it will price shares at HK$40.36 ($5.20), towards the lower end of its flagged range, to raise $3.16 billion in a Hong Kong initial public offering (IPO), two people ... ( read original story ...)

The Hong Kong stock market on Thursday wrote a finish to the three-day winning streak in which it had advanced almost 880 points or 3.1 percent. The Hang Seng Index now sits just above the ... ( read original story ...)

When pro-China figures in Hong Kong began asking questions over what type of art should be allowed at the city’s new M+ Museum of visual culture, it exposed a growing rift between artistic freedoms ... ( read original story ...)

The Stock Exchange of Hong Kong Ltd. announced Thursday that it will raise the profit threshold for companies seeking to go public on its main board in what was the first such revision since 1994. ( read original story ...)

HSBC has earmarked HK$40 billion (US$5.16 billion) for loans to small and medium-sized business owners in response to a push from Hong Kong's government officials who are hoping that the extra capital ... ( read original story ...)

Hong Kong’s exchange backed off from a proposal to double or even triple the annual profit requirement for companies seeking to sell shares on its main board following opposition from banks.The ... ( read original story ...)

JD Logistics wrapped up its jumbo Hong Kong IPO on Thursday after a strong turnout from institutional investors, attracted to the company’s fair valuation and its parent’s credentials. The ... ( read original story ...)

ByteDance Ltd. founder Zhang Yiming will cede the reins of TikTok’s owner to an old college roommate and lieutenant, stepping back from running the world’s most valuable startup ahead of its highly ... ( read original story ...)

Chong Hing’s majority owner is offering to buy the rest at a $2.6 bln valuation, or 0.9 times book. That’s less than half the multiple the Guangzhou-backed fund paid in 2013. Greater Bay Area ... ( read original story ...)

In a shifting investment landscape with few certainties, there is one thing international investors can agree on. The direction of the next 10 years, and perhaps this century, will be driven by ... ( read original story ...)

Republican Senator Pat Toomey and Democrat Chris Van Hollen say they are following with up the Treasury Department as to why no banks were named in a report it issued Tuesday on interactions with ... ( read original story ...)

Ahead of Wednesday's National Day holiday, the Hong Kong stock market has climbed higher in three straight sessions, advancing almost 880 points or 3.1 percent along the way. The Hang Seng Index now ... ( read original story ...)

Fitch Ratings has affirmed CSSC (Hong Kong) Shipping Company Limited's (CSSC HK Shipping) Long-Term Issuer Default Rating (IDR) and the rating on the senior unsecured note issued by CSSC Capital 2015 ... ( read original story ...)

On Friday, the Hong Kong Security Bureau froze all of Jimmy Lai Chee-ying's shares in his Next Digital media company and other bank assets under the national security law for Hong Kong, which came to ... ( read original story ...)