Tag: finance

Hong Kong shares closed higher for the fourth straight session ... despite few market watchers expecting any agreement to be reached from the discussion. At close of trade, the Hang Seng index was up ... ( read original story ...)

But a Financial Times analysis shows the club exaggerates its ... The annual donations — defined by Hong Kong law as payments made, not just pledged — were just HK$2bn, according to the annual report ... ( read original story ...)

Several industry experts however questioned whether a valuation that high was realistic, which hindered the process of preparing the IPO for the advisers. Stock exchanges in financial centers includin... ( read original story ...)

When contacted by Reuters, Zai Lab, however, said it does not have any firm plans for a Hong Kong listing at this time. The biopharmaceutical firm raised $172 million from its Nasdaq IPO in September ... ( read original story ...)

In Hong Kong, the Hang Seng index was up 0.56 percent. Overall, the bias in prices is: Downwards. By the way, prices are vulnerable to a correction towards 29,126.62. The projected upper bound is: 28, ... ( read original story ...)

Saigon Joint Stock Commercial Bank (SCB) and three banks from Hong Kong committed to support financial investment and ensure a stable financing source for Union Square to foster its business operation... ( read original story ...)

The top lithium producer is seeking to raise up to US$1 billion in an initial public offering in Hong Kong to fund its recent purchase of a 24-percent stake in SQM. The Chinese company filed plans to ... ( read original story ...)

Hong Kong and mainland Chinese stock markets rose on Monday ahead ... and as China’s banking regulator stepped up efforts to get banks to increase lending to companies. The Hang Seng Index gained 1.4 ... ( read original story ...)

Bank of East Asia Ltd. slumped the most since July 2015 following news it will be cut from Hong Kong’s Hang Seng Index along with China Merchants Port Holdings Co., which also tumbled. BEA closed down ... ( read original story ...)

Citibank, Standard Chartered Bank and Bank of China (Hong Kong) responded by waiving proof-of-income for existing customers, while HSBC and its Hang Seng unit said they too will follow suit. Citibank ... ( read original story ...)

HSBC Private Bank in Hong Kong has made another senior hire into the team that serves super-wealthy customers. Former CICC banker Yahong Wu joined HSBC as a director of ultra-high net worth (UHNW) sol... ( read original story ...)

Chandran Nair, the founder of the Global Institute for Tomorrow, was seeking answers when four Standard Chartered senior bank officers strode into his Hong Kong office in Taikoo Shing. Nair, from Mala... ( read original story ...)

HONG KONG (Reuters) - The Hong Kong Monetary Authority (HKMA) has fined Shanghai Commercial Bank Ltd HK$5 million ($636,967) and reprimanded it for breaching anti-money laundering and counter terroris... ( read original story ...)

Hong Kong – an international business hub and gateway to China for many foreign companies – continues to be an attractive destination among foreign investors. This is particularly true as neighboring ... ( read original story ...)