Tag: finance

SHANGHAI, Oct 30 (Reuters) - China's major indexes fell on Monday morning, dented by expectations of a new wave of initial public offerings and by profit-taking in consumer firms. The CSI300 index was down 0.3 percent, to 4,009.78 points at the end of the ... ( read original story ...)

HONG KONG (Nikkei Markets) -- San Francisco-headquartered gaming hardware maker Razer on Monday launched an initial public offering in Hong Kong to raise up to HK$4.25 billion ($545 million), according to a termsheet. The company is offering 1.06 billion ... ( read original story ...)

HONG KONG (Oct 30) -- Marble miner and processor Flying Mining on Monday said it priced its initial public offering at 50 Hong Kong cents a share, at the lower end of its indicative range of 50 cents to 62 cents. The company is offering 390 million shares ... ( read original story ...)

HONG KONG (Reuters) - HSBC Holdings PLC posted a five-fold rise in its pretax profit for the third quarter, as the bank expanded its market share in its key businesses in Asia, and helped by a lower comparative base in the year-ago quarter. HSBC earlier ... ( read original story ...)

... pre-tax profit jumped 448 percent year-on-year to $4.6 billion HSBC also said it completed 71 percent of the share buyback it announced in July The bank is listed in Hong Kong, London and New York HSBC, Europe's largest bank, said Monday its pre-tax ... ( read original story ...)

HONG KONG — HSBC says profits rose in the third quarter as a sweeping corporate overhaul, aimed at winning more business in Asia pays off. The London-based global bank said Monday that pretax profit rose to $4.6 billion in the July-September period ... ( read original story ...)

"Our pivot to Asia is driving higher returns and lending growth, particularly in Hong Kong and the Pearl River Delta," HSBC chief executive Stuart Gulliver said in a statement. The firm's earnings were further boosted by higher premiums from its insurance ... ( read original story ...)

The Asian contribution to HSBC’s performance is increasing. In a statement to the Hong Kong stock exchange the bank said that its “pivot to Asia” had driven over 70 per cent of the group’s adjusted profit in the first nine months of this year. ( read original story ...)

Hong Kong: HSBC Holdings PLC (HSBA.L) posted a more than five-fold rise in its pretax profit for the third quarter, as the bank expanded its market share in its key business in Asia, and helped by a lower comparative base in the year-ago quarter. ( read original story ...)

Profits at banking giant HSBC leapt five fold in the third quarter to $4.6 billion ... Shares were up 0.7 percent at HK$77.65 ($9.95) in early afternoon trading. Gulliver said the bank had "maintained good momentum in the third quarter", with higher ... ( read original story ...)

HONG KONG (AP) -- HSBC said Monday that its profit rose in the third quarter as a sweeping corporate overhaul aimed at winning more business in Asia paid off. The London-based global bank said pretax profit rose to $4.6 billion in the July-September period ... ( read original story ...)

Overseas investors will shift more allocations to the city’s equities and other emerging markets from the United States, where stocks are 50 per cent more expensive than Hong Kong, said Cheng Yu, a fund manager at HSBC Jintrust Fund Management. ( read original story ...)

He cited as examples Carrie Lam’s policy address in mid October which referred to fintech and devoted four pages to innovation, and the recent announcement of a smart-banking era by Norman Chan, the head of the HKMA, Hong Kong’s banking regulator and ... ( read original story ...)

HONG KONG • Razer, a gaming hardware maker backed by Intel Corp and Hong Kong billionaire Li Ka Shing, plans to launch on Monday a Hong Kong initial public offering of up to US$550 million (S$754 million), IFR reported yesterday, citing people close to ... ( read original story ...)