Tag: banking

Kuaishou Technology, the operator of China’s most popular short-video service after ByteDance Ltd.’s Douyin, jumped 194% in its Hong Kong debut after a $5.4 billion initial public offering that ... ( read original story ...)

It’s not hard to find reasons why cash is pouring into Hong Kong initial public offerings at a record pace: rock-bottom interest rates, frothy markets, pandemic boredom. ( read original story ...)

HONG KONG • HSBC Holdings is considering relocating a handful of senior executives from London to Hong Kong or Singapore as Europe's largest lender bets its future on Asia.. Read more at straitstimes. ( read original story ...)

Western governments express alarm over move to require inmates to declare a nationality, saying it could infringe upon an individual’s rights. ( read original story ...)

Hong Kong IPO is reportedly now 1,204x oversubscribed by retail investors. Shares are up +142% in pre-IPO trading. Kuaishou will issue 362mm shares at an offering price of HK$115. There is chatter ... ( read original story ...)

Shares in Kuaishou Technology surged in gray-market trading ahead of its Hong Kong debut, after investors placed about $370 billion of orders for the $5.4 billion deal. ( read original story ...)

Ant Group Co plans to spin off its consumer-credit data operations, people with knowledge of the matter said, a concession to aggressive regulators that should help the Chinese fintech giant get its ... ( read original story ...)

Kuaishou, Hong Kong’s hottest-ever retail stock offering, is set to hand investors a massive windfall based on pre-trading prices in the gray market, according to data published by local brokerages. ( read original story ...)

The dismal picture of shrinking earnings and rising debt among retail banks draws a stark contrast with Hong Kong’s booming stock market and the bull run in the property market, underscoring how the ... ( read original story ...)

Hong Kong is not seeing fund outflows following Beijing's imposition of a national security law in the Asian financial hub, a top ... ( read original story ...)

Kuaishou Technology’s Hong Kong initial public offering is set to give the Chinese social video app maker its moment in the sun, even if its victory over rival ByteDance Ltd. ultimately proves to be ... ( read original story ...)

Hong Kong is not seeing fund outflows due to the uncertainty created by Beijing's imposition of the national security law in the Asian financial hub, a top executive at the city's banking sector ... ( read original story ...)

ET Net News Agency, 4 February 2021] HSBC Global Research lifted its target price for China Gas Holdings (00384) to HK$36 from HK$35 and maintained its "buy" rating, given the growth trajectory of ... ( read original story ...)

Bankers know it pays to follow the money. Accordingly, HSBC could soon move some of its senior brass to Asia. There are good reasons for financial services giants to avoid putting global chiefs in ... ( read original story ...)