Bank of America now has a $6 PT on the $670.85M market cap company or 42.86 % upside potential. In a report sent to investors on 2 August, Halcon Resources (NYSE:HK) shares have had their Neutral Rati... ( read original story ...)
Chong Sing eyes virtual banking in Hong Kong
Online lending and payment operator Chong Sing Holdings FinTech is planning to acquire a licence to do virtual banking business in Hong Kong. The company is also planning to tap into the lucrative art... ( read original story ...)
The journey of a letter, from postbox to delivery – behind the scenes at Hongkong Post
In the age of email, e-banking and even electronic greeting cards, postal services are often dismissed as “snail mail”. But the operations of the 177-year-old Hongkong Post are far from obsolete. Ever... ( read original story ...)
HSBC namesRosha asIndia CEO
The Hongkong and Shanghai Banking Corporation (HSBC) has appointed Surendra Rosha as Chief Executive Officer for HSBC India, the lender said on Monday. Mr. Rosha succeeds Jayant Rikhye, who is taking ... ( read original story ...)
China’s Didi, Ant Financial weigh joint $2 bln Ofo buyout: source
HONG KONG (Reuters) - Chinese ride-hailing giant Didi Chuxing and Alibaba’s (BABA.N) Ant Financial are in talks with bike-sharing startup Ofo for a joint buyout offer that could value Ofo at up to $2 ... ( read original story ...)
Fund houses that help unlicensed firms to offer margin financing face action, Hong Kong regulator warns
Hong Kong’s financial regulator has vowed to take action against asset managers and brokers that help firms without a licence to offer stock margin-financing disguised as investments. “Deliberate use ... ( read original story ...)
Hong Kong shares fall; worst week for Hang Seng since February
Hang Seng index ends down 0.1 pct China Enterprises index HSCE falls 0.4 pct HSI financial sector sub-index is flat; property down 0.7 pct Aug 3 (Reuters) - Hong Kong shares edged lower on Friday, dra... ( read original story ...)
UNPay Partners Yunfeng Financial to offer Comprehensive Cross-border Financial Services
UNPay, the global one-stop fintech open platform provider, announced that it has officially signed a strategic collaboration agreement with renowned Hong Kong financial technology company, Yunfeng Fin... ( read original story ...)
Is Hong Kong an international financial center because of the British management or its return to China?
Explore your DNA with 23andMe. Learn how your DNA influences your facial features, taste, smell and other traits. Neither and a bit both. Hong Kong’s economy did not truly take off until late 1950s, w... ( read original story ...)
Chinese biotech BeiGene raises $903 million in Hong Kong’s first secondary listing under new rules – sources
The listing comes as Hong Kong works to lure overseas-listed firms to conduct secondary share offerings in the financial hub. It is also the second listing under new rules for early-state drug develop... ( read original story ...)
UTStarcom Reports Unaudited Financial Results for Second Quarter 2018
HONG KONG, Aug. 03, 2018 (GLOBE NEWSWIRE) -- UTStarcom (“UT” or “the Company”) (NASDAQ: UTSI), a global telecommunications infrastructure provider, today reported its unaudited financial results for t... ( read original story ...)
Charities in Hong Kong forced to reveal finances – but critics say new measures don’t go far enough
Charities operating in Hong Kong will have to reveal their financial accounts on a designated government webpage for public inspection as part of a series of measures to make their fundraising activit... ( read original story ...)
Freshfields, Clifford Chance Advise on Sinochem Energy’s $2B Hong Kong IPO
Your article was successfully shared with the contacts you provided. Freshfields Bruckhaus Deringer is advising Chinese oil company Sinochem Energy Co. Ltd. on a planned Hong Kong initial public offer... ( read original story ...)
China’s BeiGene raises $903m from Hong Kong IPO
BeiGene has become the latest Chinese biotech to list on the Hong Kong stock exchange, raising $903m, near the top of its target range. The company – which has just started pivotal trials for its lead ... ( read original story ...)