Tag: finance

HONG KONG A small electoral college chooses a new Hong Kong leader on Sunday amid accusations of meddling by Beijing, denying the Chinese-ruled financial hub a more populist leader perhaps better suited to defuse political tension. The vast majority of the ... ( read original story ...)

Former finance chief John Tsang, more popular with the densely populated city's 7.3 million people, is expected to get around a quarter of the vote. An evening rally for Tsang on Friday drew thousands who thronged the sidewalks of Hong Kong's central ... ( read original story ...)

* Loan agreements were entered into between HK Finance, a unit of company as lender, and customer a, customer b and customer c * HK Finance granted four secured loans in aggregate principal amount of hk$70.0 million to borrowers for a term of three months ... ( read original story ...)

BOC Hong Kong (Holdings) Limited (stock code "2388") and Bank of China Limited (stock code "3988" and "4601" (Preference Shares)) today jointly announced that the disposal of approximately 70.49% interests in Chiyu Banking Corporation Limited ("Chiyu Bank ... ( read original story ...)

HONG KONG HSBC (HSBA.L) plans to add as many as 1,000 new employees to its Chinese retail banking and wealth management arm this year, the business's regional head said, most of them in the Pearl River Delta, the heart of the bank's growth strategy in China. ( read original story ...)

John Tsang, the former Financial Secretary of Hong Kong, is enjoying himself. It’s a Saturday afternoon in what the territory considers springtime — humid skies grey and heavy with pollution from mainland China; not particularly warm but not really ... ( read original story ...)

Hong Kong’s Securities and Futures Commission has obtained a court order to freeze about HK$2.66 million (US$340,000) in the bank accounts of Heriberto C. Perez Valdes in connection with a suspected Pyramid and Ponzi scheme, the regulator said in a ... ( read original story ...)

Hong Kong brokerages have called on candidates for the city’s top job to ditch a planned overhaul of how initial public offerings are screened, trying to kill efforts that have been backed by international investors including BlackRock Inc. The lobbying ... ( read original story ...)

HONG KONG China has made it mandatory for mainland cornerstone investors in Hong Kong IPOs to repatriate funds when they sell their shares, a rule likely to hit smaller, cornerstone-reliant listings, four people with knowledge of the matter told Reuters. ( read original story ...)

On 10 March 2017, The Stock Exchange of Hong Kong Limited (the “Stock Exchange”) published revised versions of its three sets of guidance letters on pre-IPO investments, namely, GL29-12 (Interim Guidance on Pre-IPO Investments), GL43-12 (Guidance on ... ( read original story ...)

HONG KONG (Reuters Breakingviews ... Shares in recently listed peers Orient and Everbright, for example, trade below their IPO price and underperform the benchmark Hang Seng Index. On the other hand, heavyweights like Haitong Securities, which listed ... ( read original story ...)

Snap Inc., the hot then very cold IPO, could only dream of performing as well as Meitu, the maker of popular selfie apps in China. At least on the good days. Meitu, like its U.S. counterpart, is newly listed and unprofitable. The difference is Snap’s ... ( read original story ...)

You want to make big money in Hong Kong banking. Here’s where to work. http://news.efinancialcareers.com/hk-en/276659/compliance-private-banker-asia/ In which jobs will you earn the highest base salaries in Hong Kong banking? And how much will you ... ( read original story ...)

US$51 million was processed by Hang Seng Bank in Hong Kong and mainland China, the OCCRP said. The money processed by HSBC was largely routed via Hong Kong, the UK’s Guardian newspaper reported. “HSBC is strongly committed to fighting financial crime ... ( read original story ...)