Tag: finance

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 ...)

Hong Kong initial public offering, IFR reported on Friday, citing people close to the deal. The company, which is based in Singapore and the United States, will offer shares in an indicative range of HK$2.93 (S$0.51) to HK$4 each, added IFR, a Thomson ... ( read original story ...)

https://news.efinancialcareers.com/hk-en/299276/asian-banking-career-guide-eric-sim/ Two senior traders, Tish Ghosh and Andrew Pidgeon, have just left Credit Suisse in Hong Kong to join hedge funds. Ghosh, a Credit Suisse MD and head of equities delta one ... ( read original story ...)

This came after the SFC in 2014 opposed exemption for Alibaba Group, which has a dual-class structure, to list in Hong Kong. Alibaba, which owns the South China Morning Post, opted to list in New York in what became the largest IPO in history. Another ... ( read original story ...)

The biggest kick in the teeth was the loss of Alibaba Group Holding Ltd., which chose to list in New York after Hong Kong refused to yield on one-share-one-vote, raising $25 billion in the world's biggest-ever IPO in 2014. The company had sought ... ( read original story ...)

to take its record $25 billion IPO to New York in 2014. Alibaba’s decision was widely regarded as a significant loss for Hong Kong Exchanges and Clearing Ltd (HKEX) (0388.HK), which operates the bourse, and raised concerns the city could lose its appeal ... ( read original story ...)

Liu Mingkang, a former chairman of China’s banking regulator, is urging the setting up of ... Delta region linking 11 cities in southern Guangdong province, including Hong Kong and Macau. Regulatory sandboxes are effectively “safe, supervised spaces ... ( read original story ...)

After moving into journalism, he was principal business reporter for Radio Television Hong Kong before the handover to China ... just days before Halloween may have been reassured to hear Bank of Canada governor Stephen Poloz held rates steady yesterday. ( read original story ...)

HONG KONG — World stock markets were drifting Thursday as uneven earnings reports and a widely awaited European Central Bank meeting gave investors reason to pause. KEEPING SCORE: European shares climbed in early trading. France’s CAC 40 rose 0.2 per ... ( read original story ...)