Tag: finance

HONG KONG/SHANGHAI (Reuters) - China's Meituan Dianping, an online food delivery-to-ticketing services platform, is bringing its initial public offering (IPO) to Hong Kong, where it aims to raise over $4 billion, three people with knowledge of the deal said. ( read original story ...)

The introduction of a new licensing regime for virtual banks by the Hong Kong Monetary Authority this year, which deliver retail banking services through the internet or other electronic channels instead of physical branches, is a significant factor in ... ( read original story ...)

Xiaomi’s US$6.1 billion initial public offering was subscribed to by Li Ka-shing, Jack Ma Yun and Pony Ma Huateng, but given the cold shoulder by most of Hong Kong’s retail investors, an ominous sign for the city’s bellwether fundraising attempt of 2018. ( read original story ...)

Users of PayMe, HSBC’s mobile payments app, will be able to use it on e-commerce platform HKTVmall this week, Hong Kong’s biggest bank announced on Monday. The partnership with HKTVmall, which features more than 3,000 retailers selling everything from ... ( read original story ...)

Hoping to take advantage of the growing wealth in Asia, BOC Hong Kong (Holdings) Ltd is looking to expand its presence in the region. The bank has risen to join the top 20 biggest private lenders in Asia just four years after it entered the financial industry. ( read original story ...)

SEOUL, Korea, Republic Of — Chinese smartphone maker Xiaomi Corp. plans to raise up to $6 billion in one of the biggest global stock market debuts in recent years as it tries to become a worldwide hardware-and-services brand alongside Apple, Google and ... ( read original story ...)

Xiaomi Corp. plans to raise up to $6.1 billion in one of the biggest global stock market debuts as it tries to become a worldwide brand alongside Apple, Google and Amazon. The initial public offering in Hong Kong would value the Beijing-based company at as ... ( read original story ...)

Xiaomi, one of the world's leading smartphone makers, is hoping to raise more than $6 billion by selling shares for a stock market listing in Hong Kong next month. The Chinese tech firm announced the planned value of the listing Saturday. It's less than ... ( read original story ...)

gross domestic product (GDP) growth forecast for 2018 to 3.7%, up from its previous estimate of 3.3%. HSB noted Hong Kong's economy grew at the fastest pace since 2011 in the first quarter of this year, with GDP rising by 4.7% year-on-year after increasing ... ( read original story ...)

Hong Kong’s financial chief Paul Chan Mo-po on Thursday made a strong case for the government’s plan to tax property owners hoarding vacant flats, saying it was not to enrich its coffers but to ensure sufficient housing, as more than 28,000 new homes ... ( read original story ...)

The Hong Kong Stock Exchange has become a hot spot for attracting the initial public offerings of some of the largest companies in the world. While U.S. markets await the IPOs of Uber and Airbnb, three Chinese companies that rank among the world's 20 ... ( read original story ...)

Hong Kong businesses are slow to adopt company wide digitisation despite a growing demand and enthusiasm for digital technologies, especially mobile banking, according to a new study by HSBC. About three quarters of the local companies surveyed recognised ... ( read original story ...)

Hong Kong ... China's central bank urged investors to remain calm and rational, saying the economy is in good shape to deal with trade friction. Thirty nine stocks among the 50 blue chips rose, and ten fell, with one stock remaining steady. The Hang ... ( read original story ...)

HONG KONG (Reuters/IFR) - Chinese smartphone maker Xiaomi is planning to raise up to $6.1 billion from a Hong Kong initial public offering, sources with knowledge of the matter said. Xiaomi plans to sell about 2.18 billion shares at a price range of HK$17 ... ( read original story ...)