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Tag: finance

Posted on 30/01/2025

Hong Kong keeps base rate steady at 4.75% as monetary policy takes a breather after 3 cuts

HSBC and other major banks will only announce their interest-rate decisions on Monday, the first working day of the Lunar New Year.

Posted on 30/01/2025

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 ...

Posted on 29/01/2025

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

Posted on 29/01/2025

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.

Posted on 29/01/2025

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 ...

Posted on 29/01/2025

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 ...

Posted on 29/01/2025

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 ...

Posted on 29/01/2025

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 ...

Posted on 29/01/2025

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 ...

Posted on 29/01/2025

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 ...

Posted on 29/01/2025

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 ...

Posted on 28/01/2025

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.

Posted on 28/01/2025

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 ...

Posted on 28/01/2025

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.

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