Mark Tucker wastes no time choosing next HSBC chief

“Retail banking is good when it’s deep like in Hong Kong or the UK, but not when you are spread too thinly. He is likely to look at this with a slightly sharper pencil.” HSBC has done more than 80 disposals in seven years, exiting consumer banking ... ( read original story ...)

Hong Kong prepares for a new era of ‘smart banking’

The governor of Hong Kong's central bank has spelled out a series of up-and-coming reforms - from the introduction of faster payments to open API standards - intended to prepare the territory for a revolution in retail banking services. In a speech to a ... ( read original story ...)

Renaissance Capital’s Q2 2017 Global IPO Market Review

Global IPO proceeds totaled $33.4 billion in the 3Q17 ... dollar deals like NetLink Trust in Singapore ($1.7 billion), ZhongAn Online Insurance in Hong Kong ($1.5 billion) and SBI Life in India ($1.3 billion). Europe took second place with 31% of proceeds ... ( read original story ...)

Listings dry up in weakest IPO market since 2012

which had been pencilled in as a likely IPO. Alinta Energy's float, which could have raised about $4 billion, was also scrapped in March after it was sold to a Hong Kong buyer. Zip Industries pulled its listing plan in May, while Wesfarmers canned the ... ( read original story ...)

HSBC takes tech route to end trade paper trail

Come 10.30am workers at HSBC’s suburban Hong Kong offices are to be found processing a freshly-delivered document deluge: prying out staples, tallying copies and endlessly slotting them into files. Forget fintech — this corner of banking in one of the ... ( read original story ...)

Hang Seng slips 1.3pc

to HK$341.60 and China Construction Bank (0939) was down 1.66 percent to HK$6.51. Insurer AIA (1299) lost 1.17 percent to HK$59.20. China Resources Land (... Stocks in Hong Kong and China tumbled today. The benchmark Hang Seng Index shed 380.19 points ... ( read original story ...)

ZhongAn jumps in Hong Kong debut after $1.5bn IPO

HONG KONG (Nikkei Markets) -- ZhongAn Online P&C Insurance jumped as much as 18% on its stock exchange debut on Thursday, as investors bet on the prospects of China's largest online insurer backed by marquee investors including billionaire Jack Ma. ( read original story ...)

LIVE BLOG: Fed Fines HSBC $175 Million in Forex Fallout

Hong Kong's Hang Seng and the Shanghai Composite both closed trading ... The Federal Reserve handed down a $175 million fine to HSBC Holdings PLC (HSBC) for "unsafe and unsound practices" in its foreign exchange trading business. HSBC was fined for failing ... ( read original story ...)