A prediction: by the end of the next decade, HSBC will no longer be headquartered in the UK. It is more than three years since Europe’s largest bank by assets completed a review of where it should ... ( read original story ...)
Bank of Jinzhou Auditors Resign Citing Loan Inconsistencies
The lender’s shares are suspended from trading in Hong Kong. China’s small- and mid-size lenders have been under increasing scrutiny after regulators last month seized control of Baoshang Bank Co., ... ( read original story ...)
ESR delays $1.4 billion IPO in Hong Kong amid trade tension market jitters: sources
HONG KONG (Reuters) - Logistics property developer ESR Cayman Ltd has delayed the launch of what would have been Hong Kong’s biggest initial public offering (IPO) so far this year, according to two ... ( read original story ...)
Shanghai tech board unlikely to challenge Hong Kong’s status as preferred IPO hub for Chinese biotech firms
Investment bankers say US-China trade war may dampen valuations of biotech firm IPOs in Hong Kong, but overall numbers likely to remain intact While Chinese biotech companies are likely to opt for ... ( read original story ...)
HSBC plans retail wealth headcount boost; eyes Singapore expansion
HONG KONG (Reuters) - HSBC Holdings PLC plans to boost its Asia retail wealth management staff by about 300 by end of this year, with Europe’s biggest lender by assets sharpening its focus on ... ( read original story ...)
Hang Seng Index thuds to a four-month low, as May sees index rattled for 9.4 per cent loss
a director of KGI Asia in Hong Kong. Kwong, sees further downside for the Hang Seng Index at 26,700. If that level is breached, a decline to 26,000 could be expected, he said. A calculation by Chinese ... ( read original story ...)
How this Hong Kong CEO from a billionaire family is reinventing hotels for millennials
When Sonia Cheng became chief executive of Hong Kong-based Rosewood Hotel Group, she had a particular type of traveler in mind: herself. Cheng was 30 at the time when one of her family's businesses, ... ( read original story ...)
Hong Kong virtual bank Livi names Michael Wang Lan as chief executive
Livi, the virtual bank backed by Bank of China (Hong Kong), has appointed Michael Wang Lan as chief executive, tapping the expertise of a financial manager who previously worked for Tencent-backed ... ( read original story ...)
While it targets Alberta’s oil industry, HSBC gets back in business with Saudi Arabia
Walk down just about any runway ramp to your airplane at Calgary International Airport and HSBC advertisements are plastered everywhere. In some tunnels to the tarmac, posters that trumpet the ... ( read original story ...)
Alibaba’s Hong Kong IPO Is a Brilliant Idea
Alibaba Group Holding Ltd.’s potential plan to raise $20 billion in Hong Kong is huge. That’s not just because $20 billion is a lot of money. After going public in New York, the Chinese e-commerce ... ( read original story ...)
Hong Kong’s Alibaba craze may finally pay off with mega IPO
Hong Kong | Hong Kong is getting a second chance to land the record-breaking deal that got away. Five years after Alibaba Group spurned the city's stock exchange for a $US25 billion ($36.1 billion) ... ( read original story ...)
Virtually ready: Digital-only banks set to open in Hong Kong
but has bills to pay in her native Hong Kong. Like many people in her situation, she pays them online. "I do all my banking remotely and I hate wasting time in bank branches," Law, a director at ... ( read original story ...)
CSSC Shipping launches IPO to raise HK$2.2b
CSSC (Hong Kong) Shipping, the sole leasing company under China State Shipbuilding Corporation, launches a Hong Kong initial public offering today to raise up to HK$2.18 billion.The mainland leasing ... ( read original story ...)
China’s First Bank Seizure in 20 Years Spooks Investors
(Bloomberg) -- The Chinese government’s first seizure of a bank in more than two decades piles fresh pressure on shares of small lenders that already trade at rock-bottom valuations. A Bloomberg index ... ( read original story ...)