Tag: finance

BEA Union Investment Management has become the first Hong Kong-based fund house to gain approval to sell its products in Switzerland under a new cross-border trading scheme. “Switzerland is well known for its wealth management and private banking services. ( read original story ...)

“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 ...)

He’s betting it will benefit from increasing demand for credit just as European bank stocks begin to shed the gloom that depressed valuations in the aftermath of the financial crisis. A U.K. legal dispute hanging over Deutsche Pfandbriefbank’s stock ... ( read original story ...)

... Authority Hong Kong needs to raise HK$69 billion (US$8.8 billion) to fund the runway, and should consider selling bonds and tapping the loan market, according to a report by its financial consultant HSBC Holdings Plc. Asia's busiest international ... ( read original story ...)

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 ...)

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 ...)

Both companies are likely to continue growing much faster than the sector. The Hong Kong IPO of ZhongAn Insurance (HK:6060) (see China's ZhongAn Online jumps 15pc in trading debut) has drawn attention to Fanhua (FANH) which has been listed in New York ... ( read original story ...)

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 ...)

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 ...)

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 ...)

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 ...)

02:36p HSBC: Publication of base prospectus supplement - Announcement made to the HK s.. 02:26p HSBC: Publication of base prospectus supplement (1-page PDF 65KB) 01:31p HSBC: Retirement of Chairman – overseas regulatory announcement (1-page P.. ( read original story ...)

The following base prospectus supplement has been approved by the UK Listing Authority and is available for viewing: Base Prospectus Supplement dated 28 September 2017 to the Base Prospectus dated 14 March 2017 for the Debt Issuance Programme of HSBC ... ( read original story ...)

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 ...)