Tag: banking

HONG KONG (Jan 25) -- Hong Kong stocks retreated on Thursday from ... with Industrial & Commercial Bank of China (ICBC) and Bank of China (BOC) shedding 1.9% each. Concerns that share placements by an increasing number of companies would absorb some ... ( read original story ...)

and Bank of China (BOC) each added 3.7%. Heavyweights Tencent Holdings and Ping An Insurance Group climbed 2.5% each. More than 95 billion Hong Kong dollars ($12.2 billion) in shares had changed hands on the stock exchanges main board by noon, with ... ( read original story ...)

There is a possibility that tomorrow’s BoC statement could emphasizes their cautious outlook ... some of the dollar-driven gains they made in yesterday’s session. In Hong Kong, the benchmark Hang Seng Index rose to a record closing high overnight ... ( read original story ...)

Hong Kong's Hang Seng Index rose 0.3% to end at 31,983.41 ... 01:24p TSX set to open higher ahead of BoC interest rate decision 12:07p MARKET SNAPSHOT: Dow Futures Point To Triple-digit Gain And Fresh Push Toward 26,000 12:07p CHARLES SCHWAB: Dow Futures ... ( read original story ...)

While other Asian markets mostly marked time Friday, Hong Kong’s Hang Seng Index rose to a record ... The Hang Seng HSI, +1.53% was recently up 1.6% on strength in bank stocks, a major part of the index. organ Stanley boosted its stock target on ... ( read original story ...)

The top gainer on Hang Seng was China Construction Bank Corp , up 6.07 percent ... At close, China’s A-shares were trading at a premium of 28.36 percent over the Hong Kong-listed H-shares. ** The price-to-earnings ratio of the Hang Seng index was ... ( read original story ...)

“So far, we have received enquiries from over 10 local and overseas firms about setting up a virtual bank in Hong Kong,” said a spokeswoman for the Hong Kong Monetary Authority (HKMA). In addition, the HKMA will publish a revised guideline for the ... ( read original story ...)

Hong Kong’s stock market is likely to open lower on Thursday after a mixed performance on Wall street overnight. The Hang Seng Index futures spot January contract was down 0.12 per cent, or 39 points, to 32,858 in the pre-trade session on Thursday morning. ( read original story ...)

A citywide manhunt for a Hong Kong bank employee was launched by police on Wednesday after he was suspected of stealing HK$1 million (US$127,900) in cash from a safe. At 3pm, police said the 29-year-old man, who worked at the Siu Sai Wan branch of Bank of ... ( read original story ...)

CEO of Hong Kong Exchanges and Clearing Hong Kong is competing against New York and London for what is expected to be the world's largest IPO ever A win for Hong Kong would be a welcomed boost for the city that recently lost its crown as the global IPO ... ( read original story ...)

HONG KONG, Jan 24 (Reuters Breakingviews) - China's answer to Fitbit is tracking another company's big steps. Huami, a maker of wearable devices, just unveiled plans for an initial public offering ahead of a more highly anticipated one by Xiaomi. ( read original story ...)

The Hong Kong stock exchange’s new rules on initial public offerings (IPOs) by biotech companies could lead many in the sector to seriously consider a Hong Kong listing, a top investment manager told Caixin. Zhang Leidi, managing director of China Life ... ( read original story ...)

DUBAI/LONDON — Saudi Arabia has shortlisted New York, London and Hong Kong — singly or in a combination of two or even all three — for the international portion of the listing of national oil company Aramco, two sources with knowledge of the ... ( read original story ...)

Hong Kong-based activist investor, Argyle Street Management Ltd, a hedge fund with $1.2 billion under management, has voiced opposition to the sale, saying it was no longer necessary and that the board should consider an IPO instead. Toshiba shares hit a ... ( read original story ...)