Tag: finance

Wall Street cheers Hong Kong’s IPO rules revamp but sees New York’s dominance unthreatened Meanwhile, asked if the Shanghai bourse’s plan to allow non-mainland listed firms to issue shares traded in the mainland via the so-called Chinese Depository ... ( read original story ...)

HONG KONG (Reuters) - China’s SZ DJI Technology Co Ltd ... the company had no announcement to make on fundraising and that it was not planning an initial public offering at the moment. She did not elaborate. DJI was valued at about $8 billion in 2015 ... ( read original story ...)

The move came as the Hong Kong dollar fell to a fresh 33-year low, and looked set to test the low end of its trading band, prompting the central bank to reaffirm it would intervene to defend the financial hub’s currency peg. The Fed raised interest rates ... ( read original story ...)

Industrial and Commercial Bank of China slid 0.15 percent and BOC Hong Kong collected 0.13 percent. The lead from Wall Street is soft as stocks saw considerable volatility in afternoon trading on Wednesday before ending the session modestly lower. ( read original story ...)

The move came as the Hong Kong dollar fell to a fresh 33-year low, and looked set to test the low end of its trading band, which would prompt the de facto central bank to intervene. The Fed raised interest rates by a quarter of a percentage point in its ... ( read original story ...

The fledgeling studio is producing the John Woo-produced Chinese-language remake of the action auteur's 1989 classic 'The Killers.' Three-year-old Beijing-headquartered Chinese studio Er Dong Cultural Group is planning an IPO on the Hong Kong Stock ... ( read original story ...)

Home prices in Hong Kong are climbing much faster than household incomes, forcing young home buyers to turn to mom and dad for financial help. The median family’s annual household income of 319,000 Hong Kong dollars (US$40,666) represented just 5% of the ... ( read original story ...)

Recruiters in Singapore and Hong Kong are now overwhelmed with CVs – so don’t annoy them by putting these cliches on your CV. https://news.efinancialcareers.com/sg-en/193407/career-change-asian-banking/ As banking professionals in Hong Kong and ... ( read original story ...)

I should know, I’ve worked for one of each. https://news.efinancialcareers.com/hk-en/305691/chinese-vs-western-banks/ Later this year I’m starting out as an M&A analyst at a major US bank in Hong Kong. Like most of my cohort, I got the role by acing my ... ( read original story ...)

The latest SFC action comes nearly two weeks after UBS said the Hong Kong regulator had blocked it from sponsoring IPOs for 18 months. The suspension, which the Swiss bank is appealing, is not effective until its appeal has been ruled upon. The Swiss bank ... ( read original story ...)

according to a survey by the Hong Kong Securities Association. Banks such as HSBC and Standard Chartered Bank are leveraging AI-powered chatbot platforms to answer enquiries by customers, trhjoining a growing global trend which is seen as offering improved ... ( read original story ...)

The latest SFC action comes nearly two weeks after UBS said the Hong Kong regulator had blocked it from sponsoring IPOs for 18 months. The suspension, which the Swiss bank is appealing, is not effective until its appeal has been ruled upon. The Swiss bank ... ( read original story ...)

Stocks in Hong Kong rose on Wednesday with investors shrugging off cautious sentiment ahead of a highly anticipating meeting of the US central bank. The Hang Seng index rose 1.1 per cent at the open in Hong Kong with China-linked stocks the among the ... ( read original story ...)

At close, China’s A-shares were trading at a premium of 26.18 percent over the Hong Kong-listed H-shares. ** The price-to-earnings ratio of the Hang Seng index was 13.49 as of the last full trading day while the dividend yield was 2.7 percent. ( read original story ...)