HSBC and other major banks will only announce their interest-rate decisions on Monday, the first working day of the Lunar New Year.
Hong Kong finance chief forecasts deficit ‘below’ HK$100 billion
Hong Kong’s finance minister has adjusted his forecast for the fiscal deficit to below HK$100 billion, following earlier estimations that the budget shortfall would reach that figure for a third ...
Pork Producer Smithfield Shares Slip After $522 Million IPO
Smithfield Foods Inc. shares rose about 2% in the pork producer’s return to being a public company, after the stock priced below the range offered in its IPO.Most Read from BloombergTexas HOA Charged
Bain-Backed Sustainable Fuel Producer EcoCeres Eyes Europe IPO
EcoCeres Inc., a producer of sustainable fuel backed by Bain Capital, is exploring an initial public offering that could value the company at about $5 billion, people familiar with the matter said.
Hong Kong flags over 30 HashKey-branded crypto scam platforms
Hong Kong’s Securities and Futures Commission (SFC) flagged 33 additional suspicious websites masquerading as HashKey, one of the city’s licensed cryptocurrency trading platforms, taking the total ...
Hong Kong-Based Company Spins Off Pork Producer Smithfield Foods
Smithfield Foods, the largest pork processor in the country, announced it will not close additional plants as it focuses on growth following its initial public offering (IPO), CEO Shane Smith said ...
Hang Seng Bank fined HK$66.4m for overcharging, sales misconduct
It reportedly received HK$22.4m in excess benefits and fees, the HKMA and SFC said. Hang Seng Bank (HSB) is fined HK$66.4m for reportedly overcharging clients, making inadequate disclosure of monetary ...
Hong Kong banks to focus on resilience, costs in 2025: KPMG
Interest rate reductions are likely to be slower. Resilience, costs, and digital transformation are the top priorities of Hong Kong’s banking sector in 2025, as losses by banks and customers continue ...
HK fee slump reflects intensifying bank competition
That is because the electric-car battery giant, commonly known as CATL, recently offered a mere 0.2 percent base underwriting fee to bankers, plus possible incentives, according to people familiar ...
Smithfield Foods to keep US pork plants open, eyes tariffs amid IPO, CEO says
Smithfield Foods does not plan to close more U.S. pork processing plants, Chief Executive Shane Smith said on Tuesday, as the company returned to a U.S. exchange after more than a decade in a spinoff ...
Pork giant Smithfield Foods has disappointing IPO
Smithfield Foods, the largest U.S. pork producer, raised $522 million in an IPO that was around 21% smaller than originally planned. Why it matters: There have been two big IPOs so far in 2025, and ...
US Pork Giant Smithfield Foods Raises $522M After Pricing IPO Below Range
Smithfield Foods and its Chinese parent raised around $522 million from the U.S. pork giant's initial public offering after pricing shares below their marketed range.
Hong Kong’s Slump in Fees Reflects Intensifying Banking Competition
Contemporary Amperex Technology Co. Ltd.’s upcoming jumbo listing, which could raise more than $5 billion, is the type of deal that can inject a much-needed adrenaline shot into a sputtering market ...
Hong Kong accounting body calls for more expertise in sustainability practices
Some 21 per cent of Hang Seng Index members obtained a ‘reasonable’ score while 53 per cent received a ‘limited’ rating, council report shows.