Tag: finance

Shares of HSBC Holdings plc (Hong Kong) (HKG:0005) last traded at 76.25, representing a move of 0.07%, or 0.05 per share, on volume of 12.70 million shares. After opening the trading day at 76.5, shares of HSBC Holdings plc (Hong Kong) traded in a close range. ( read original story ...)

It seems as if having less activity in the IPO market has made the listing business even more ... than half the world’s population and 22 of the world’s 37 megacities. Hong Kong, Taiwan, Tokyo, Shanghai, Shenzhen, Singapore and Australia all host ... ( read original story ...)

Sisram, formerly Alma Lasers and controlled by Fosun Pharma, held the IPO in the lower part of the range targeted. Medical esthetics company Sisram Medical (formerly Alma Lasers) last week completed its IPO on the Hong Kong Stock Exchange, raising $112 ... ( read original story ...)

Zai Lab (Pending:ZLAB) priced its upsized IPO at the high end of the range, raising $150 million. Insiders bought $18 million on the offering (12% of the deal). The Chinese cancer biotech plans to commercialize three late-stage candidates in Hong Kong ... ( read original story ...)

The acquisition will now close on October 3. Sisram Medical (HK: 1696), an Israeli aesthetic laser company, completed a $125 million IPO in Hong Kong at the low end of the range (see story). Sisram is majority owned (66%) by Fosun Pharma (SH: 600196 ... ( read original story ...)

Hong Kong’s finance minister said on Saturday that he disagreed with the lowering of the city’s credit rating by US rating agency Standard & Poor’s. The comment by Financial Secretary Paul Chan Mo-po came a day after the downgrade to AA+ from AAA, a ... ( read original story ...)

A top adviser to the Hong Kong government has warned that opposition lawmakers threatened the prospects of the city’s financial services industry if they refused to approve funding for the Financial Services Development Council (FSDC). Laura Cha Shih May ... ( read original story ...)

China’s first online-only insurer has priced its initial public offering (IPO) at the top end of its expected price range, as it looks to raise US$1.5 billion in the city’s biggest fintech IPO, according to press reports. ZhongAn Online Property ... ( read original story ...)

Morgans has upgraded Commonwealth Bank of Australia (CBA.AU) after the lender agreed to sell its Australian and New Zealand life insurance units to Hong Kong-based insurer AIA Group (1299.HK) for AUD3.8 billion (USD3.04 billion). CBA said the sale price ... ( read original story ...)

Release date- 21092017 - Bank of China (Hong Kong) Limited announces that its Hong Kong Dollar prime rate and savings deposit rate will remain unchanged at 5.00% p.a. and 0.01% p.a. respectively. Under the tiered interest rate structure for Hong Kong ... ( read original story ...)

But Geicke said he was “totally surprised” that Hong Kong was downgraded as the city is sitting on a huge financial reserve. The Chinese Ministry of Finance said in a statement posted on its website Friday that S&P’s downgrade on China was a “wrong ... ( read original story ...)

ZhongAn Online Property & Casualty Insurance Co 6060.HK> priced its IPO at the top of an indicated range, raising $1.5 billion(1.10 billion pounds) in Hong Kong's biggest ever financial technology stock offering, IFR reported on Friday. China's first ... ( read original story ...)

The financial hub’s long-term issuer credit rating was lowered to AA+ from AAA, S&P said Anthony Wallace/AFP S&P Global Ratings cut Hong Kong’s credit rating a day after it downgraded China for the first time since 1999, a move that reflects the ... ( read original story ...)

S&P said Friday that it was reducing its long-term rating on Hong Kong by one notch, to AA+ from AAA, reflecting potential spillover risks to the Asian financial center. It said Hong Kong has a good economic outlook, sizable fiscal reserves and credible ... ( read original story ...)