Alibaba-backed online parenting firm Babytree Group launched an initial public offering of up to US$281 million in Hong Kong on Wednesday, far below what the Chinese company had hoped to raise, as wea... ( read original story ...)
Soft Start Predicted For Hong Kong Stock Market
BOC Hong Kong shed 0.34 percent, Hong Kong & China Gas gained 0.27 percent, WH Group lost 0.16 percent and China Mobile and Industrial and Commercial Bank of China were unchanged. The lead from Wall S... ( read original story ...)
Weak markets force Alibaba-backed Babytree to cut size of HK IPO
HONG KONG (Reuters) - Alibaba-backed online parenting firm Babytree Group launched a Hong Kong IPO of up to $281 million on Wednesday, far below what the Chinese company had hoped to raise, as weak ma... ( read original story ...)
Proactive gov’t benefits banking
Indeed, the Hong Kong banking sector performed well in the first half of 2018. Of course in the same way the Hong Kong economy performed well in the first half of 2018, making a real growth of 4%. The ... ( read original story ...)
Hong Kong Bourse May Hand Back Monday’s Gains
Hong Kong & China Gas advanced 1.08 percent, China Petroleum and Chemical (Sinopec) dropped 1.05 percent, Sands China skidded 0.79 percent, BOC Hong Kong collected 0.69 percent, Ping An Insurance shed ... ( read original story ...)
Mainland Bank Leases Storefront in Central’s Wheelock House at 55% Discount
China’s Bank of Communications appears to be taking advantage of a sustained slide in Hong Kong retail rents to expand its footprint in the city’s Central district at a rent less than half of what an ... ( read original story ...)
Hong Kong: HANG SENG INDEX (.HSI) Investors buy on trade optimism, but long-term interest lacking
Stocks in Hong Kong rose on Tuesday as Beijing and Washington are said to be preparing for fresh trade talks, helping investors overcome the overnight rout in the U.S. markets. The Hang Seng index gai... ( read original story ...)
Hong Kong’s World-Beating IPO Market Starts to Show Cracks
Amid a banner year for Hong Kong listings, cracks are starting to show in the world’s biggest market for initial public offerings. A parenting website part-owned by Alibaba Group Holding Ltd. on Tuesd... ( read original story ...)
Tencent-backed Chinese travel firm slashes HK IPO size amid weak markets
Tencent Holdings-backed online Chinese travel firm Tongcheng-Elong launched a far smaller than expected Hong Kong IPO of up to $233 million on Tuesday, amid a weak stock market and a string of poor pe... ( read original story ...)
Hong Kong activists warn that Beijing crackdown will backfire
Visiting Hong Kong last year to celebrate 20 years since it was returned ... It subsequently rejected the visa renewal application of Victor Mallet, the Financial Times’ Asia news editor, after he hos... ( read original story ...)
Hong Kong: HANG SENG INDEX (.HSI) Chinese regulator announced that it was setting lending targets for banks
with the CSI300 down -1.4% and the Hang Seng down -2.4%. The Chinese regulator announced that it was setting lending targets for banks to private sector companies, which weighed on Chinese bank stocks ... ( read original story ...)
Hong Kong: HANG SENG INDEX (.HSI) China’s big three telecoms firms rose on new network deals
Hong Kong shares edged higher on Thursday following a Wall Street rally driven by relief that U.S. midterm elections produced no major surprises, and as China’s big three telecoms firms rose on new ne... ( read original story ...)
HSBC increases annual and maternity leave for half its Hong Kong workforce
HSBC, Europe’s largest bank and one of Hong Kong’s biggest financial services employers, said it was increasing the number of holidays for employees to help them improve their work-life balance in a c... ( read original story ...)
China Steel Website Drops Dual-Class Structure for IPO
Chinese steel trading website Zhaogang.com Inc. is dropping plans to use a dual-class share structure in its Hong Kong initial public offering, people with knowledge of the matter said. Zhaogang.com p... ( read original story ...)