Tag: finance

SHANGHAI, June 8 Hong Kong's benchmark Hang Seng Index climbed to another 23-month closing high ... any surprises from Thursday's UK general elections, the European Central Bank's policy meeting and congressional testimony from ex-FBI director James ... ( read original story ...)

More investment banking jobs could eventually move from Hong Kong to China, if global banks such as J.P. Morgan gain greater control over their mainland joint-venture operations, experts warn. J.P. Morgan is working with Chinese regulators to develop a new ... ( read original story ...)

“I feel a little bit sorry for HSBC,” said John Ashwood, Hong Kong managing director at Zedra, a trust services specialist. “What’s going on has nothing to do with the working of the trust but rather a dispute within the Lo family.” The Lo clan ... ( read original story ...)

Major international finance institutions in Hong Kong made a landmark intervention Wednesday in the case of a gay couple struggling to get their rights recognised by the city's courts. The 12 businesses -- including Morgan Stanley, Goldman Sachs and Credit ... ( read original story ...)

Nisha Gopalan is a Bloomberg Gadfly columnist covering deals and banking. She previously worked for the Wall Street Journal and Dow Jones as an editor and a reporter. The words hot and Hong Kong IPO haven't been seen in the same sentence for quite some time. ( read original story ...)

There is little doubt that Paul Chan Mo-Po will stay on as Hong Kong's Financial Secretary for the next five years. The question is why. The accountant didn’t make it in 2012, and John Tsang Chun-wah eventually got the job. Instead, Chan became the ... ( read original story ...)

HONG KONG, June 6 WuXi Biologics (Cayman) Inc priced its Hong Kong IPO at the top of expectations on Tuesday, raising $511 million in the largest new listing in the Asian financial hub in 2017, as investors jostled for a piece of the fast-growing business. ( read original story ...)

HONG KONG, June 6 WuXi Biologics (Cayman) Inc priced its Hong Kong IPO at the top of expectations, a source with direct knowledge of the deal said on Tuesday, raising about $511 million in the largest new listing in the Asian financial hub in 2017. ( read original story ...)

Hong Kong’s top financial officials on Monday issued their strongest warning yet to homebuyers about escalating risks in the “exuberant” market, revealing that prices were now nearly 90 per cent above their peak in 1997. Principal government ... ( read original story ...)

Financial secretary Paul Chan Mo-po has warned that risks in Hong Kong’s “exuberant” property market are “very high” as interest rates will go up as many as three more times this year. He revealed that property prices in the city surged 6.5 per ... ( read original story ...)

HONG KONG Guangzhou Rural Commercial Bank Co Ltd (GRCB) launched a Hong Kong initial public offering worth as much as $1.1 billion on Monday, seeking funds for potential M&A and to open new branches as it expands its lending and investment businesses. ( read original story ...)

HONG KONG, June 5 (Reuters) - Guangzhou Rural Commercial Bank Co Ltd (GRCB) launched a Hong Kong initial public offering worth up to $1.1 billion on Monday, IFR reported, citing a term sheet of the transaction sent to investors. The IPO, which will raise ... ( read original story ...)

Hong Kong, a former British colony that returned to Chinese rule in 1997, is the only place on Chinese soil where a large-scale commemoration takes place, symbolizing the financial hub's relative freedoms compared with the mainland. This year's events are ... ( read original story ...)

Hong Kong has been sizing up the Fintech sector of finance for awhile now. But while Hong Kong is a regional financial powerhouse, when it comes to Fintech innovation they have ceded ground to Singapore. Yet authorities recognize that Fintech has the ... ( read original story ...)