Tag: finance

Hong Kong stocks tracked broader Asian markets higher on Tuesday, as upbeat China economic data and encouraging signs of progress in developing a COVID-19 vaccine buoyed sentiment. ( read original story ...)

Former senior HSBC mainland China banker Zhang Wenjie has jumped to Bank of America as a managing director and president of China, helping the Charlotte, North Carolina-headquartered bank navigate the ... ( read original story ...)

JPMorgan did not carry out key checks when employing the son of a potential client, a prosecutor told a Hong Kong court on Monday, the first day of a bribery trial of the bank's former Asia ... ( read original story ...)

Chinese property software company Ming Yuan Cloud on Monday launched an IPO in Hong Kong to raise as much as HK$6.17 billion ($798 million), a deal term sheet showed, as the city gears up for its ... ( read original story ...)

Ming Yuan Cloud Group Holdings Ltd. plans to raise up to US$797 million through an initial public offering in Hong Kong, joining the list of Chinese companies seeking to tap the city's fundraising ... ( read original story ...)

Five members of a Hong Kong family accused of laundering more than HK$3 billion through 100 personal bank accounts have been arrested, along with the owner of a money exchange business, a senior ... ( read original story ...)

In one case, two men and a woman were arrested on suspicion of impersonating bank agents and tricking victims into thinking their loans were illegal or in breach of contract. ( read original story ...)

Hong Kong insurance sales are poised for their worst slump on record as Covid-19 travel restrictions prevent mainlanders visiting to buy policies. ( read original story ...)

Other retail accounts, which offer banking and investment services ... while HSBC Advance will be requiring them to hold at least HK$200,000 in their deposit account or take out a loan of the same ... ( read original story ...)

An engineering services company that raised just $16 million in its Hong Kong initial public offering soared 186% on the first day of trading, making it the best debut in the city this year. ( read original story ...)

Singapore state investor Temasek Holdings is considering an investment in the initial public offering (IPO) of Chinese financial technology company Ant Group, which could be the world's biggest IPO, ... ( read original story ...)

Saudi Arabia's sovereign fund PIF is weighing a potential investment in the initial public offering of Chinese financial technology firm Ant Group, which could be the world's biggest IPO, two sources ... ( read original story ...)

The markets in Hong Kong and China swung to declines at the close on Thursday, with caution about a market rebound prevailing over early optimism over recent and upcoming IPOs and gains made by US ... ( read original story ...)

Yum China's initial public offering debut in Hong Kong could have had its valuation referenced from its U.S.-listed entity, says Hao Hong from the Bank of Communications International. ( read original story ...)