Tag: finance

HSBC, Bank of China Hong Kong (BOC HK), Citi and many others have started offering rates as high as 2.7 per cent to lure deposits. Some analysts now believe zero rates for smaller depositors could soon become a thing of the past, at least for the ... ( read original story ...)

But the effects of bitcoin’s volatility and rising mining costs can be seen in the shops of Sham Shui Po, just a few kilometres from Hong Kong’s central business district, where the IPO has been filed. Businesses selling mining rigs there said demand ... ( read original story ...)

Having already seen four previous attempts at an IPO thwarted by the post 9/11 market gloom and the 2008 global financial crisis, PRADA, the Italian family-owned luxury goods and fashion powerhouse and its leaders were acutely aware that floating company ... ( read original story ...)

Haidilao International Holding, considered China’s most popular Sichuan-style hotpot restaurant chain, has filed to launch an initial public offering (IPO) in Hong Kong. Founded in 1994 by its current chairman Zhang Yong – a former welder and tractor ... ( read original story ...)

The outlook for Lenovo Group Ltd. shareholders is looking grimmer after the stock was dropped from Hong Kong’s benchmark stock gauge. The Beijing-based company will be replaced by CSPC Pharmaceutical Group Ltd., as part of Hang Seng Indexes Co.’s ... ( read original story ...)

Pedestrians cross a road in front of a Citigroup Inc. Citibank branch in the central business district of Hong Kong. Hong Kong’s securities regulator on Thursday fined an Asian unit of Citigroup Inc. C, -1.27% 57 million Hong Kong dollars (US$7.26 ... ( read original story ...)

Chong Hing Bank has set its eyes on China’s “Greater Bay Area” initiative, and will be hoping for looser regulation over Hong Kong banks doing business there, said Margaret Leung Ko May-yee, the bank’s deputy chairman and managing director. ( read original story ...)

Citigroup was fined 57 million Hong Kong dollars (€6.16 million) by Hong Kong’s Securities and Futures Commission (SFC) for the bank’s actions around the listing application of an initial public offering (IPO). The US bank was also reprimanded for ... ( read original story ...)

That was in addition to HK$4.789 billion in Hong Kong dollars that the city’s de facto central bank bought earlier during New York trading hours. [nL2N1SN15P] Reuters data shows the latest intervention will reduce the forecast aggregate balance - the sum ... ( read original story ...)

Hong Kong (HKSAR) - The Banking (Amendment) Ordinance 2018 (Commencement) Notice 2018 and the Banking (Exposure Limits) Rules were gazetted today (May 18) to modernise section 87 of the Banking Ordinance in relation to a prescribed limit on equity ... ( read original story ...)

HONG KONG (Reuters Breakingviews) - Citi’s shortcomings on a small Hong Kong IPO offer lessons ahead of a new listings boom. On Thursday, the city’s securities regulator fined the U.S. bank roughly $7 million over the 2009 initial public offering of ... ( read original story ...)

Shares of Tencent Holdings yesterday closed 3.74 percent higher in Hong Kong, outperforming the benchmark Hang Seng index.Stocks of the Chinese ... Tencent's shares after its first quarter report. Deutsche Bank said in a report that Tencent's quarterly ... ( read original story ...)

Citigroup Inc. was fined HK$57 million ($7.3 million) by Hong Kong’s Securities and Futures Commission for the bank’s actions around the listing application of an initial public offering. The U.S. bank was also reprimanded for its failure to discharge ... ( read original story ...)

Mao Daqing, founder and CEO of China’s most valuable co-working space start-up Ucommune, said he would consider an IPO for the firm in two or three years, with Hong Kong being a strong possibility after the city amended its listing rules to welcome more ... ( read original story ...)