Shares rallied at mid day today in Hong Kong. the benchmark Hang Seng Index added 1.49 percent or 419.90 points ... Tencent Holdings dropped 1.49 percent, Industrial and Commercial Bank of China jumpe... ( read original story ...)
Chinese Telecom Giant Could Dial Up the Biggest IPO Since Alibaba
The monopoly behind China’s vast network of cellphone towers started marketing what could be the world’s largest initial public offering in four years. China Tower Corp. wants to raise up to $8.7 bill... ( read original story ...)
Hong Kong: HANG SENG INDEX (.HSI) vulnerable to a correction towards 29,694.91
HANG SENG INDEX is currently 5.8% below its 200-period moving average and is in an downward trend. Volatility is extremely low when compared to the average volatility over the last 10 periods. There i... ( read original story ...)
Cornerstones take 16 percent of China Tower’s $8.7 billion HK IPO: sources
has lined up $1.4 billion from 10 cornerstone investors for its Hong Kong IPO of up to $8.7 billion, in what would be the world’s biggest listing in four years, people close to the deal said. The Beij... ( read original story ...)
China Tower sets price range, gets cornerstones for $8.7 billion HK IPO – sources
has lined up $1.4 billion from 10 cornerstone investors for its Hong Kong IPO of up to $8.7 billion, in what would be the world’s biggest listing in four years, five people close to the deal told Reut... ( read original story ...)
Boom-bust tells IPO tale amid HK easing, mainland tightening
In fact, the Hong Kong stock market appears set to regain its reputation as one of the world's largest IPO markets, equity mavens said. A report from global consultancy PwC stated that first-half A-sh... ( read original story ...)
Red Hot Hong Kong IPO Market Is Cooling as Retail Buyers Flee
Retail investors’ enthusiasm for Hong Kong initial public offerings is suddenly waning. Individual buyers placed orders for an average 28.7 times of the shares initially available to them in July, acc... ( read original story ...)
China Tower sets price range, gets cornerstones for US$8.7b HK IPO
has lined up $1.4 billion from 10 cornerstone investors for its Hong Kong IPO of up to $8.7 billion, in what would be the world's biggest listing in four years, five people close to the deal told Reut... ( read original story ...)
Hong Kong: HANG SENG INDEX (.HSI) traders shrug off trade talk
Hong Kong stocks ended higher on Friday, as a sharp rebound in mainland Chinese stocks lifted sentiment. The Hang Seng index ended 0.8 percent higher at 28,224.48, while the China Enterprises Index cl... ( read original story ...)
China Tower Is Said to Draw Hillhouse, Alibaba to Hong Kong IPO
China Tower Corp., the state-owned wireless infrastructure operator, has attracted Hillhouse Capital and a unit of Alibaba Group Holding Ltd. as investors in its planned Hong Kong initial public offer... ( read original story ...)
Hong Kong: HANG SENG INDEX (.HSI) shares drop, led by airlines
China Southern Airlines and other carriers tumbled as the yuan slid to the lowest level in 12 months after the central bank lowered the reference rate ... The last signal was a buy 9 period(s) ago. HA... ( read original story ...)
Virtual banking is set to shake up Hong Kong
Hong Kong is getting ready for the arrival of virtual banks, for which all transactions will be online. The city's financial authority could issue the first licenses as early as this year. Tough regul... ( read original story ...)
HKMA publishes OPI framework for Hong Kong’s banking industry
Hong Kong Monetary Authority (HKMA), Hong Kong’s de facto central bank and currency board, has released the open application programming interface (API) Framework for the country's banking sector. The ... ( read original story ...)
Hong Kong’s Banking Sector to Get a Blockchain Platform by September
The Hong Kong Monetary Authority, the region’s currency board and central bank, is set to launch a live blockchain-based trading platform in September. The banking project is backed by HSBC, Bank of C... ( read original story ...)