Hong Kong stocks open higher, led by retail landlord Wharf

The Hang Seng Index added 0.4 per cent to 23,588 ... Local developer Sun Hung Kai Properties and Bank of China were the next biggest winners as trading got under way on the Hong Kong bourse Wharf’s gain also followed its announcement yesterday that ... ( read original story ...)

HSBC lines up former Prudential chief Tucker as next chairman

Mr Tucker would arrive at HSBC with an impressive pedigree in the Asian stronghold of the bank‎ - founded more than 150 years ago as the Hongkong and Shanghai Banking Corporation. He joined AIA in 2010 following a failed $35bn takeover bid for ‎the ... ( read original story ...)

Snowden shelterers in Hong Kong seek Canada asylum – lawyer

Snowden in Hong Kong in 2013 after his mass leak of information about surveillance programs have asked Canada for asylum, their lawyer said on Friday. The families - three Sri Lankan adults, a Filipina, and three stateless children - have had long-pending ... ( read original story ...)

HK Uber drivers found guilty of illegal car hire services

HONG KONG: Five Hong Kong Uber drivers were found guilty of illegally using their vehicles for commercial purposes by a local court, dealing a potential blow to Uber Technologies Inc’s operations in the Asian financial hub. The ruling is seen having a ... ( read original story ...)

Kirkland’s Hong Kong IPO heavy hitter departs

Kirkland & Ellis senior corporate partner Dominic Tsun, who acted on a number of notable Hong Kong IPOs in recent years, has left the firm’s Hong Kong office. A Kirkland spokesperson said, “We are committed to the Hong Kong capital markets practice as ... ( read original story ...)

Saudi Aramco poised for complex call on IPO venue

Hong Kong demands a free float of 25 per cent of a company’s equity but this is regularly waived for deals over $1bn. Last year for example, Postal Savings Bank of China floated 15 per cent to raise $7.4bn in the biggest IPO worldwide since Alibaba. ( read original story ...)