And as for Hong Kong, Nagata said that exchange may boast China-based institutional investors, but it has fewer individual investors than Tokyo. Speaking with CNBC this week, HKEX CEO Charles Li made his own pitch for Aramco, saying an IPO in Hong Kong ... ( read original story ...)
This Selfie App Has Soared Over 35% Since December IPO
Meitu (1357.Hong Kong), China’s own Instagram, has risen by over 35% after raising about $600 million in an IPO in Hong Kong last December. Meitu is rising for a fourth consecutive day and is trading at 11.62 Hong Kong dollars, a good 37% above its IPO ... ( read original story ...)
Minsheng extends education IPO streak
It will be the third Hong Kong IPO in the education sector this year, coming hot on the heels of Wisdom Education... ( read original story ...)
Hong Kong leadership rivals clash ahead of 'unfair' vote
Hong Kong's leadership candidates faced off in a live television ... Lam is lagging in most public opinion polls which favour former finance secretary John Tsang, perceived as a more moderate pro-establishment nominee. The third and most liberal candidate ... ( read original story ...)
China, Hong Kong shares flat; caution dominates solid econ data
Banking stocks in both China and Hong Kong were firm, as Goldman Sachs updated China stocks to "overweight", with a bullish view on China's banking sector, citing improving credit outlook and growing loan pricing power. ( read original story ...)
Hong Kong’s Regulator SFC Warns Against Global-FX
The SFC routinely warns about such entities and scams operating in Hong Kong, one of the region’s paramount financial markets. Presently, the SFC’s comprehensive Alert List features the names of businesses that have come to the attention of the ... ( read original story ...)
HSBC names AIA's Tucker as chairman in break with past
HONG KONG/LONDON HSBC (HSBA.L) broke with tradition by choosing outsider Mark Tucker to replace Douglas Flint as chairman later this year, handing the AIA Group (1299.HK) boss the task of selecting a new chief executive for Europe's biggest bank in 2018. ( read original story ...)
HSBC names outsider for chairman
HONG KONG -- HSBC says it's tapping the head of Asian life insurer AIA Group to be its chairman, turning to an outsider for a job it has traditionally filled from within its own ranks. The London-based bank said Monday that it named AIA chief executive ... ( read original story ...)
HSBC Names Mark Tucker to be First Outsider as Chairman
Mr. Tucker, 59, would be the first outsider to take the chairman’s role at HSBC as the bank, which is based in London but generates much of its profit in Asia, reshapes its leadership. He is expected to relocate from Hong Kong to London for the role. ( read original story ...)
Stocks rally after Goldman Sachs raises China forecasts; bank, property sectors shine
Hong Kong’s Hang Seng Index closed Monday at its best level in two weeks ... the issue as it has been the market focus for about two months.” China Construction Bank, Bank of China, and ICBC all jumped more than 3 per cent, closing at HK$6.25, HK$ ... ( read original story ...)
The shadow looming over Hong Kong’s pumped up asset prices
Because of its “currency board” exchange rate link to the US dollar, Hong Kong automatically imports US monetary policy. So when the US Federal Reserve initiated its “quantitative easing” (QE) policy in the depths of the financial crisis in 2008 ... ( read original story ...)
Hang Seng Rises As Goldman Turns Bullish On China’s Banks
The Hang Seng ... Agricultural Bank of China has the shortest asset duration, which means it can roll over its short-term assets and invest at higher interest rates. Goldman also likes ICBC and Postal Savings Bank of China (1658.Hong Kong). ( read original story ...)
Hong Kong Regulator Probes CCB International's IPO Work
Hong Kong’s securities regulator is investigating CCB International Holdings Ltd., the No. 2 underwriter of initial public offerings in the city last year, for its role advising a Chinese seafood supplier on now-scrapped listing plans, according to ... ( read original story ...)
HSBC breaks with tradition, names AIA boss Tucker as chairman
HONG KONG/LONDON HSBC Holdings Plc (HSBA.L), Europe's biggest bank, tapped an outsider for its top job on Monday, appointing insurance veteran and AIA Group boss Mark Tucker as chairman to replace Douglas Flint, who said last year he planned to step down ... ( read original story ...)