HONG KONG (Reuters) - Hong Kong's anti-corruption watchdog said on Wednesday it had arrested a former senior figure at the Hong Kong Stock Exchange operator for suspected misconduct linked to two IPOs ... ( read original story ...)
Arrest of former stock exchange official rocks Hong Kong IPO market
Hong Kong’s reputation as the world’s leading location for initial public offerings has been jolted by a former top stock exchange executive’s arrest for suspected corruption and misconduct related to ... ( read original story ...)
HK bourse slips in global IPO rankings
By the end of June, Hong Kong is likely to have 76 IPOs on board, a sharp fall from the 101 IPOs recorded in the same period a year ago. But the total fundraising amount could rise 38 percent to HK$69 ... ( read original story ...)
UPDATE 1-HK anti-graft agency arrests ex-stock exchange official over IPO breaches
... corruption watchdog said on Wednesday it had arrested a former senior figure at the Hong Kong Stock Exchange operator for suspected misconduct linked to two IPOs. The former official and two ... ( read original story ...)
Hong Kong stocks’ widening discounts leads to increased buying from mainland traders
Hong Kong stocks now have a potential price catalyst ... according to a gauge compiled by Hang Seng Bank that tracks the price discrepancy between the two markets. The widening gap has already ... ( read original story ...)
Hong Kong Pension System Charges Premiums for Cheap Index Funds
High fees are also one reason individuals have largely avoided putting in more than they’re required, according to the review by the Hong Kong Financial Services Development Council. The study ... ( read original story ...)
Hong Kong Banks’ Biggest Threat Could End Up Saving Them
While my colleague Nisha Gopalan and I remain skeptical about the impact of branchless, internet-only banks, the city’s established lenders like HSBC, BOC Hong Kong (Holdings) Ltd., Standard Chartered ... ( read original story ...)
Monetary authority seeks to keep Hong Kong at cutting edge of tech, regulatory developments, launches Academy of Finance
The academy, first mentioned by Financial Secretary Paul Chan Mo-po in his budget in February 2018, will invite about 100 top executives from Hong Kong’s banking, finance and insurance industries to ... ( read original story ...)
World’s Largest Trailer Maker Inches Closer To A Hong Kong IPO
CIMC Vehicles, the world's largest maker of specialty truck bodies and trailers as measured by sales volumes, increasingly appears to be heading for an initial public offering (IPO) on the Hong Kong ... ( read original story ...)
Academy of Finance established
Financial Secretary Paul Chan: It was in the 2018-19 Budget that I announced the plan for an academy of finance to be set up by the Hong Kong Monetary Authority (HKMA). The HKMA has completed the task ... ( read original story ...)
HSBC, BOC remove fees for small accounts in HK, a credit negative
The Hongkong and Shanghai Banking Corporation Limited (HSBC HK) and Bank of China (Hong Kong) Limited (BOC HK) recently announced that they would no longer charge certain fees on personal saving ... ( read original story ...)
Chinese budget retailer eyes HK for US$1b IPO
Also, Tasly Biopharmaceuticals, a biopharma unit of Shanghai-listed Tasly Pharmaceutical Group, plans to raise about US$500 million from a Hong Kong IPO, according to Reuters IFR. Meanwhile, Ernst & ... ( read original story ...)
Hang Seng barely moves, China Merchants Bank rebounds
Hong Kong blue chips barely moved at the close today. The benchmark Hang Seng Index inched up by a mere 0.13 percent, or 36 points at 28,221.98.Shares in China Merchants Bank (3968) rebounded by 0.26 ... ( read original story ...)
Sanctioned bank shares take further hit in Shanghai, HK
Shares in three big Chinese banks extended their drop today, after a U.S. media report suggested they could face fallout from an investigation into North Korean sanctions violations.China Merchants ... ( read original story ...)