Tag: finance

Japanese instant-noodle legend Nissin Foods Holdings – the maker of Cup Noodles and owner of big selling and well-known brands such as Demae Itcho – plans to spin off its China and Hong Kong business in an initial public offering (IPO) next month ... ( read original story ...)

The new tactics came to light after officers investigating nearly 500 reports of commercial email fraud with losses of about HK$650 million this year discovered many bank accounts used to collect the swindled money in the city were opened by mainland visitors. ( read original story ...)

* Penalty highest ever imposed on a financial firm in Hong Kong * HSBC says suspension of licenses will not impact operations (Adds additional comment from the securities regulator) By Sumeet Chatterjee HONG KONG, Nov 21 (Reuters) - A Hong Kong tribunal on ... ( read original story ...)

But there are now early signs Asia ex-Japan funds are raising their allocations in Hong Kong and China, the U.S. bank said. “Given the relatively healthy fundamental backdrop that we’re expecting for China in 2018 and still reasonable valuations in ... ( read original story ...)

Later, the U.S. Senate Banking Committee will hold a hearing to confirm ... mainland equities continues in the session ahead and will there be a spillover into Hong Kong and potentially even Japan, Korea and Australia?" asked Chris Weston, Melbourne ... ( read original story ...)

Ping An fell 2.21 per cent to HK$79.70, Bank of China fell 0.78 per cent to HK$3.81 and China Construction Bank lost 1.15 per cent to HK$6.87. China Gas Holdings slid 3.04 per cent to HK$22.35 as Bank of America Merril Lynch raised its target to HK$14.89 ... ( read original story ...)

HONG KONG, Nov 28 (Reuters) - CK Asset Holdings is avoiding investment in countries included in China's Belt and Road initiative at this stage because it focuses only on developed economies with mature legal and banking systems, a company executive said on ... ( read original story ...)

Japanese instant-noodle legend Nissin Foods Holdings – the maker of Cup Noodles and owner of big selling and well-known brands such as Demae Itcho – plans to spin off its China and Hong Kong business in an initial public offering (IPO) next month ... ( read original story ...)

Hong Kong has been a breeding ground for hot IPOs this year but here’s one that probably won’t set the market on fire. Shandong International Trust Co. plans to raise as much as $450 million in the city, according to a term sheet seen by Bloomberg ... ( read original story ...)

A finance company director accused of murdering his mistress six years ago revealed for the first time on Tuesday that he had disposed of her body, which has never been found, in a rubbish trolley parked outside a Hong Kong village. The High Court heard ... ( read original story ...)

The companies that went to Hong Kong had a patchy post-IPO showing. Five stocks suffered double-digit tumbles of as much as 42 percent, the data show. Singapore saw three of its debut stocks fall, with the largest decline at 5.6 percent. Hong Kong has seen ... ( read original story ...)

Fourteen companies based in the Southeast Asian city have chosen to list on their home stock market this year, compared with 13 on the bourse operated by Hong Kong Exchanges & Clearing Ltd., according to data compiled by Bloomberg. It’s not all bad news ... ( read original story ...)

Shandong International Trust on Monday became the first trust from China to launch an initial public offering in Hong Kong of 647 million shares to raise as much as HK$3.51 billion (US$450 million). The stock, which is being offered at an indicated price ... ( read original story ...)

HONG KONG (Reuters) - China’s most popular online medical platform, Ping An Good Doctor, is working with Citigroup and JPMorgan on an initial public offering of up to $1 billion, IFR reported. The deal could launch in Hong Kong in the first half of next ... ( read original story ...)