Tag: finance

which fined The Hongkong and Shanghai Banking Corporation (HSBC) $500 million in 2012. In a statement, the OCC said it imposed such a large fine against Wells "given the severity of the deficiencies and violations of law, the financial harm to consumers ... ( read original story ...)

China Mobile Hk. Ltd. Adr F now has $190.33B valuation ... On Wednesday, August 30 the stock rating was initiated by Bank of America with “Buy”. HSBC downgraded the shares of CHL in report on Friday, March 24 to “Hold” rating. ( read original story ...)

Hainan, the southernmost Chinese island that Beijing plans to transform into a hub for gambling and foreign investments, aims to strengthen ties with Hong Kong in 10 areas such as setting up a pilot district to boost trade services and help companies with ... ( read original story ...)

Xiaomi and Ant Financial are two of a cluster of major tech names being linked with IPOs in Hong Kong. But, despite a burst of upcoming tech listings and new measures that are tipped to encourage more, the country still has some way to go to match the U.S ... ( read original story ...)

The Hong Kong Hang Seng opened Monday lower and concluded off 0.54% ... China economic fundamentals are strong and Beijing has the tools to handle systemic risks, central bank governor Yi Gang said at a weekend International Monetary Fund gathering. ( read original story ...)

Bank of China Hong Kong (BOCHK) now handles almost all its real estate appraisals via blockchain, as part of a concerted push into financial technology (fintech) and smart banking, officials revealed on Monday. The lender is processing 85 per cent of its ... ( read original story ...)

The rapid rise of big financial data and raw processing power promises to deliver further gains for every aspect of the industry. This has not gone unnoticed in Hong Kong. Chief Executive Carrie Lam Cheng Yuet-ngor this month reiterated at a Bloomberg ... ( read original story ...)

As Hong Kong welcomes listings from unprofitable tech companies, investors need to get used to some new valuation metrics. Ping An Good Doctor, the largest IPO in Hong Kong so far this year, is approaching potential investors with a valuation of as much as ... ( read original story ...)

Ping An Healthcare and Technology Company, also known as Ping An Good Doctor, has launched its highly anticipated Hong Kong initial public offering (IPO) which aims to raise as much as HK$8.77 billion (US$1.12 billion) in what could become the city’s ... ( read original story ...)

Investors may just have found the reason they need to keep on pushing two of Hong Kong's best-performing blue chips higher. After more than doubling in 2017, shares of Tencent Holdings Ltd. and Ping An Insurance Group Co. have lost momentum. By now ... ( read original story ...)

A series of Hong Kong listings of mainland Chinese education companies has given foreign investors access to one of the country’s fastest-growing and most tightly restricted consumer sectors. Last month’s $153m initial public offering of vocational ... ( read original story ...)

HONG KONG (Reuters) - Ping An Healthcare and Technology Co Ltd, a unit of Ping An Insurance (Group) Co of China Ltd (2318.HK) (601318.SS), plans to raise up to HK$8.77 billion (797.8 million pounds) in a Hong Kong initial public offering to help expand its ... ( read original story ...)

The U.S. reportedly could lose two massive initial public offerings to Hong Kong as China intends to lure more new listings. The chief executive of Hong Kong Exchanges and Clearing Ltd. (HKEX), Charles Li, said Saudi Arabia’s state-owned oil giant, Saudi ... ( read original story ...)

Chinese technology giant Xiaomi is readying flotation plans as Hong Kong Exchanges and Clearing (HKEX) unveils major changes to its listings rules with the aim of winning a string of blockbuster initial public offerings with multibillion-dollar valuations. ( read original story ...)