Tag: finance

Setting up a green investment bank will allow Hong Kong to enter the rapidly growing finance sector and underpin the city’s competitiveness as a global financial centre, according to the European Chamber of Commerce in Hong Kong. “The establishment of ... ( read original story ...)

There are no plans to cut Hong Kong’s corporate taxes across the board because the government needs to reserve funds to protect the city against economic fluctuation, the city’s financial chief said on Monday. Financial Secretary Paul Chan Mo-po dashed ... ( read original story ...)

Crystal International Group, the Hong Kong-based garment manufacturer, is looking to raise as much as HK$4.48 billion (US$570 million) in an initial public offering (IPO) on Monday, after having attracted cornerstone investors including the owners of ... ( read original story ...)

The Hongkong and Shanghai Banking Corporation (HSBC) has appointed Jayant Rikhye as the new Chief Executive Officer for India operations, replacing Stuart Milne. Rikhye, who joined the HSBC in 1989, will begin his tenure on December 1. He is currently the ... ( read original story ...)

More Chinese fintech firms to eye Hong Kong IPOs, says JP Morgan ZhongAn Online Property and Casualty Insurance, China’s first online-only insurer, debuted last month and has surged 37 per cent from its IPO price. The company raised US$1.5 billion in ... ( read original story ...)

The Hongkong and Shanghai Banking Corporation (HSBC) has appointed Jayant Rikhye as the new Chief Executive Officer for India operations, replacing Stuart Milne. Rikhye, who joined the HSBC in 1989, will begin his tenure on December 1. He is currently the ... ( read original story ...)

London based Hongkong and Shanghai Banking Corp (HSBC) has appointed Jayant Rikhye as India CEO effective from December 1, subject to regulatory approvals. Indian born Rikhye has spent his entire career at HSBC since starting at the bank in 1989. ( read original story ...)

Alibaba, China’s e-commerce behemoth, has a thing for hiring bankers into senior leadership roles. It appointed 20-year Goldman veteran Michael Evans as its president in 2015, and a year later named another ex-Goldmanite, Douglas Feagin, as head of ... ( read original story ...)

HONG KONG (Reuters) - China Literature Ltd launched on Monday an IPO in Hong Kong worth as much as $1.1 billion, seeking funds for acquisitions and to expand its digital publishing business, IFR reported citing a term sheet of the transaction. The Tencent ... ( read original story ...)

HONG KONG (Reuters) - China Literature Ltd, China’s largest online publishing and e-book company, launched an initial public offering for up to $1.1 billion on Monday, seeking funds for acquisitions and to expand its digital publishing business. ( read original story ...)

Three years ago, the Stock Exchange of Hong Kong lost the chance to host the record $25 billion initial public offering of Alibaba Group Holding because regulators would not allow the company's founders certain privileges they regarded as contrary to the ... ( read original story ...)

Shuli Ren is a Bloomberg Gadfly columnist covering Asian markets. She previously wrote on markets for Barron's, following a career as an investment banker, and is a CFA charterholder. Volatility is returning to Hong Kong stocks. In normal times, hot IPOs ... ( read original story ...)

HONG KONG (Reuters) - Shanghai-based coworking space startup naked Hub said on Friday it plans to go public in Hong Kong after a fresh round of fundraising next year, potentially adding more Chinese “new economy” companies to the Asian financial hub ... ( read original story ...)

China’s Sinochem Group has tapped three banks, including Morgan Stanley (NYSE: MS), to work on the possible Hong Kong listing of its key oil assets, as it seeks to raise capital and revive the company, said four people with knowledge of the matter. ( read original story ...)