Tag: finance

Hong Kong led the world in terms of amount of funds raised by initial public offerings (IPOs) in 2016 despite a substantial decline from 2015, leaving Shanghai and New York a distant second and third respectively, according to PwC. Total funds raised by ... ( read original story ...)

China warned Hong Kong it would not tolerate anyone using the city to damage mainland stability, Beijing's top official in the city said, as concerns rise over an emerging independence movement. Tensions have flared in the semi-autonomous territory after ... ( read original story ...)

EVEN if it doesn’t get to host the IPO of Saudi oil giant Aramco, potentially the biggest float of all time, Hong Kong should still be able to maintain its billing as the world’s No. 1 venue for share sales next year. But with limited tech deals on the ... ( read original story ...)

Anti-gay activists have described as “arrogant” and “unacceptable” HSBC’s refusal to hold a dialogue over the display of a pair of multicoloured lions symbolising LGBT rights. The Family School Sexual Orientation Discrimination Ordinance Concern ... ( read original story ...)

HONG KONG - In an environment of increasingly tight liquidity, a regional rural commercial bank in mainland China announced Friday that it planned to tap the Hong Kong market for an initial public offering. Jilin Jiutai Rural Commercial Bank, based in the ... ( read original story ...)

which provided some initial support to Hong Kong equities. US bond yields were slightly lower during Thursday’s session, which also helped underpin the Hang Seng index, although Treasury futures edged lower during the Asian session. The People’s Bank ... ( read original story ...)

The Asian financial hub is one of the least affordable cities in ... who took the helm four years ago and is set to step down after his term completes in June. Hong Kong citizens' monthly median wage stands at HK$15,500 (US$1,998), according to government ... ( read original story ...)

Hong Kong banks are joining a cluster of their Asian counterparts in testing the disruptive potential of the much-hyped blockchain technology - the next big thing poised to reshape the traditional banking industry in the near future. Bank of China (Hong ... ( read original story ...)

Hong Kong’s Securities and Futures Commission (SFC) announced today that it has banned Mr Lam Yuk Wai, from re-entering the financial industry for a lifetime over his dishonesty and the harm he has done to clients. He is a former staff member of HSBC ... ( read original story ...)

Hong Kong’s stock market edged lower amid light turnover after US benchmarks retreated in overnight trade, while Shanghai stocks stuck a more positive note, rebounding above the 3,100 threshold. The Hang Seng Index closed the morning session at 21,733.26 ... ( read original story ...)

Hong Kong’s mortality protection gap is now more than $500bn, according to reinsurer Swiss Re. How can this gap be closed? The issue isn’t just life cover, explains HSBC Insurance’s Candy Yuen. It’s also about coverage for critical illness, and ... ( read original story ...)

When Jack Ma criticised Hong Kong last month for having outdated stock market listing practices, the Alibaba founder hit the city where it hurts. Hong Kong’s rivalry with New York has only heightened since the billionaire chose the US for his ecommerce ... ( read original story ...)

while Bank of China Ltd. climbed 1.2 percent. The Hang Seng China Enterprises Index rallied 1.3 percent, paring its decline in December to 5.5 percent. Most of Hong Kong’s stock losses occurred in December as the U.S. projected a faster pace of interest ... ( read original story ...)

In its “Hong Kong Banking Outlook 2017” [PDF] report, the services giant cites soaring investment in the Fintech sector leading to the “rapid” development of the Fintech industry in Hong Kong. Blockchain technology is proving to be of particular ... ( read original story ...)