Tag: finance

HONG KONG HSBC (HSBA.L) plans to add as many as 1,000 new employees to its Chinese retail banking and wealth management arm this year, the business's regional head said, most of them in the Pearl River Delta, the heart of the bank's growth strategy in China. ( read original story ...)

John Tsang, the former Financial Secretary of Hong Kong, is enjoying himself. It’s a Saturday afternoon in what the territory considers springtime — humid skies grey and heavy with pollution from mainland China; not particularly warm but not really ... ( read original story ...)

Hong Kong’s Securities and Futures Commission has obtained a court order to freeze about HK$2.66 million (US$340,000) in the bank accounts of Heriberto C. Perez Valdes in connection with a suspected Pyramid and Ponzi scheme, the regulator said in a ... ( read original story ...)

Hong Kong brokerages have called on candidates for the city’s top job to ditch a planned overhaul of how initial public offerings are screened, trying to kill efforts that have been backed by international investors including BlackRock Inc. The lobbying ... ( read original story ...)

HONG KONG China has made it mandatory for mainland cornerstone investors in Hong Kong IPOs to repatriate funds when they sell their shares, a rule likely to hit smaller, cornerstone-reliant listings, four people with knowledge of the matter told Reuters. ( read original story ...)

On 10 March 2017, The Stock Exchange of Hong Kong Limited (the “Stock Exchange”) published revised versions of its three sets of guidance letters on pre-IPO investments, namely, GL29-12 (Interim Guidance on Pre-IPO Investments), GL43-12 (Guidance on ... ( read original story ...)

HONG KONG (Reuters Breakingviews ... Shares in recently listed peers Orient and Everbright, for example, trade below their IPO price and underperform the benchmark Hang Seng Index. On the other hand, heavyweights like Haitong Securities, which listed ... ( read original story ...)

Snap Inc., the hot then very cold IPO, could only dream of performing as well as Meitu, the maker of popular selfie apps in China. At least on the good days. Meitu, like its U.S. counterpart, is newly listed and unprofitable. The difference is Snap’s ... ( read original story ...)

You want to make big money in Hong Kong banking. Here’s where to work. http://news.efinancialcareers.com/hk-en/276659/compliance-private-banker-asia/ In which jobs will you earn the highest base salaries in Hong Kong banking? And how much will you ... ( read original story ...)

US$51 million was processed by Hang Seng Bank in Hong Kong and mainland China, the OCCRP said. The money processed by HSBC was largely routed via Hong Kong, the UK’s Guardian newspaper reported. “HSBC is strongly committed to fighting financial crime ... ( read original story ...)

Hong Kong, according to the latest analysis from the Economist Intelligence Unit, is the second most expensive city in the world to live in, beaten only by Singapore, which is in a league of its own. London, on the other hand, has dropped from sixth place ... ( read original story ...)

A Hong Kong activist who was attacked by seven police officers during mass pro-democracy rallies in 2014 was jailed Tuesday after he dropped an appeal bid. Ken Tsang was found guilty last year of assaulting and resisting officers during the "Umbrella ... ( read original story ...)

SHANGHAI, March 20 Hong Kong stocks powered to 19-month closing highs on Monday ... and vowed to restrict lending to the sector. The Hang Seng index rose 0.8 percent, to 24,501.99, while the China Enterprises Index gained 0.7 percent, to 10,583.98 points. ( read original story ...)

We believe the Hang Seng Index Inverse ETF product（7302.HK ... In addition, no more than 90% of the product's net asset value will be invested in bank deposits and Hong Kong dollar denominated cash management instruments such as Exchange Fund Bills ... ( read original story ...)