Tag: finance

BEIJING (Reuters) - Smartphone and connected device maker Xiaomi [IPO-XMGP.HK] filed for a Hong Kong initial public offering on Thursday, in what is expected to be the largest listing by a Chinese tech company in almost four years. The listing could value ... ( read original story ...)

May 2 (Reuters) - Hong Kong stocks fell on Wednesday ... The top gainer on Hang Seng was Sunny Optical Technology Group Co Ltd up 4.92 percent, while the biggest loser was Bank of Communications Co Ltd which was down 2.32 percent. ( read original story ...)

“This trend will continue as rates are only going up,” Lawrence Kung, head of the deposits department at Wing Lung Bank Ltd. in Hong Kong, said in a phone interview. “Banks are preparing themselves in terms of funding before the rate-hike cycle. ( read original story ...)

The Hong Kong Financial Services and Treasury (FSTB) has released its Money Laundering and Terrorist Financing Risk Assessment Report. The report comes amid an increasingly tense debate on whether the city is adequately combatting financial crime. ( read original story ...)

Hosting what’s shaping up to be the world’s biggest initial public offering of 2018 may be a double-edged sword for Hong Kong. Chinese smartphone maker Xiaomi is preparing a share sale that will raise at least US$10 billion, people familiar with the ... ( read original story ...)

Hong Kong stocks closed sharply higher on Monday ... than-expected capital outflows and US-China trade uncertainty could hurt tech stocks. The Hang Seng Index advanced 1.7 per cent, or 527.78 points to close at 30,808.45. For April, the index rose 2.4 ... ( read original story ...)

Hong Kong’s main Hang Seng index rose to a more than one-week high by lunch ... followed by China Merchants Bank Co Ltd, gaining 5.5 per cent, and Anhui Conch Cement Co Ltd up 4.6 per cent. The three biggest H-shares percentage decliners were BYD Co ... ( read original story ...)

“This trend will continue as rates are only going up,” Lawrence Kung, head of the deposits department at Wing Lung Bank Ltd. in Hong Kong, said in a phone interview. “Banks are preparing themselves in terms of funding before the rate-hike cycle. ( read original story ...)

Tech stocks’ global struggles and U.S.-China trade tensions may have cooled enthusiasm for what some said could have been one of Hong Kong’s hottest-ever initial public offerings: Ping An Insurance Co. 601318 -3.56% of China Ltd.’s sale of a piece of ... ( read original story ...)

The 15 international financial institutions are: ABN AMRO Bank; AIG Insurance Hong Kong; Australia and New Zealand Banking Group; The Bank of New York Mellon; BlackRock Asset Management North Asia; Credit Suisse; Goldman Sachs; Morgan Stanley; Nomura ... ( read original story ...)

The Hong Kong Financial Services and Treasury (FSTB) released a report yesterday, April 30, on the status of money laundering (ML) and terrorism financing (TF). The report concluded that virtual currencies (VC), like Bitcoin (BTC), are not particularly ... ( read original story ...)

They lost in the gold medal match of the Commonwealth Games but a tournament that Ben Ryan says is decreasing in relevance may just have won Fiji the HSBC Sevens World Series ... including a dominant victory in Hong Kong – and have all the momentum ... ( read original story ...)

HONG KONG (Reuters) - Biotechs without revenue can apply to list in Hong Kong from Monday under new rules aimed at attracting listings, mostly from China’s fast-developing market. The move is part of a bold effort to rival New York’s Nasdaq, the ... ( read original story ...)

... mainland Chinese lenders Industrial and Commercial Bank of China and Bank of China Hong Kong jumped 2.8 per cent to HK$6.97 and 4.7 per cent to HK$40.90 respectively. Hang Seng Bank also hit a three-year high of HK$200.40, gaining 2.45 per cent by noon. ( read original story ...)