Tag: finance

priced on Friday its Hong Kong initial public offering (IPO) near the bottom of expectations, raising $230 million. The company, a unit of Bank of Communications Co Ltd (BoCom) , priced the 667 million shares on offer at HK$2.68 each, after marketing the ... ( read original story ...)

priced its Hong Kong IPO near the bottom of expectations, underscoring the tough environment for financial companies in the Asian financial hub. The company, a unit of Bank of Communications Co Ltd (BoCom) , priced the 667 million shares on offer at HK$2 ... ( read original story ...)

(The following statement was released by the rating agency) HONG KONG, May 11 (Fitch) Fitch Ratings has affirmed the Long-Term Issuer Default Ratings (IDR) of six Hong Kong banks as follows: - OCBC Wing Hang Bank Ltd (WHB) at 'A+', - Bank of China (Hong ... ( read original story ...)

(The following statement was released by the rating agency) HONG KONG, May 11 (Fitch) Fitch Ratings has affirmed Hang Seng Bank Limited's (HSB) Long-Term Issuer Default Rating (IDRs) at 'A+' with a Stable Outlook. The agency has also affirmed China ... ( read original story ...)

Housing costs are among this wealthy Asian financial centre’s biggest problems. Some 200,000 of Hong Kong’s 7.3 million residents live in “subdivided units”. That’s up 18 per cent from four years ago and includes 35,500 children aged 15 and under ... ( read original story ...)

Hong Kong stocks traded on Wednesday morning, in line with Asian equities and buoyant US markets overnight. The Hang Seng Index opened up 0.5 per cent ... saw strong trading with Industrial Commercial Bank of China gaining 1.2 per cent to HK$5.1, China ... ( read original story ...)

The Hang Seng index rose 1.3 per cent, to 24,889.03, while the China Enterprises Index gained 1.5 per cent, to 10,128.99 points. Hong Kong bucked the trend in most Asian markets on Tuesday, as investors searched for the next catalyst following France's ... ( read original story ...)

Hong Kong is on the short list to host the biggest initial public offering in history – Saudi Aramco’s US$100 billion public offering – but the city will need to launch the so-called IPO connect as soon as possible to have a chance of attracting the ... ( read original story ...)

SHANGHAI May 5 Hong Kong stocks posted their biggest daily percentage decline ... lows amid lingering worries about economic growth and tighter regulations. The Hang Seng index fell 0.8 percent, to 24,476.35, while the China Enterprises Index lost 1.6 ... ( read original story ...)

The Hong Kong Dollar has plunged to its weakest level against the dollar (to which it is pegged) since February 2016, even as the Hang Seng surges higher. As HKD nears 7.80, triggering likely HKMA intervention, we wonder whether we will see a replay of ... ( read original story ...)

But other benchmarks across Asia fell, with Hong Kong's Hang Seng losing 0.5 percent to 24,567.04 and the ... April and statements from Fed boss Janet Yellen as well as other top bank officials, which could provide some forward guidance to markets. ( read original story ...)

Federal Bank and Kotak Bank were trading higher by up to 3.76 per cent. Brokers said apart from weak global cues, investors booked profit after recent gains, pushing the indices down. Among Asian markets, Hong Kong's Hang Seng was down 0.87 per cent ... ( read original story ...)

In this update: The Reserve Bank says low wages growth is expected to keep ... Looking at Asian markets, the Nikkei is closed in Japan, the Hang Seng is down in Hong Kong, China markets on the Chinese mainland are down too. Wall Street ended little changed ... ( read original story ...)

Private-sector role in Canada Infrastructure Bank raises conflict-of-interest questions Private ... Tokyo’s Nikkei was closed, but Hong Kong’s Hang Seng and the Shanghai composite each lost 0.8 per cent. In Europe, London’s FTSE 100 was up 0.1 ... ( read original story ...)