Tag: finance

Paul Chan, the Financial Secretary of Hong Kong wrote a strongly worded blog on May 28 where he criticized the decision taken by Moody's Investor Services to downgrade the debt rating of Hong Kong during the fourth week of May. Moody's slashed its ratings ... ( read original story ...)

Hong Kong is looking to boost its fintech scene with an initiative to help tech firms take the right road for their initial public offering (IPO). Hong Kong Science and Technology Parks Corporation (HKSTP) and Hong Kong Exchanges and Clearing (HKEX) have ... ( read original story ...)

Connecting investors, financial, legal and business experts to nurture top technology companies and accelerate the development of Hong Kong's innovation economy The Road to IPO platform, announced at a conference held at Hong Kong Science Park entitled ... ( read original story ...)

June 2 Hong Kong stocks closed the week at a near two-year high, supported by an upbeat mood in global equity markets and continuous money inflows from China. Both the Hang Seng index and the Hong Kong China Enterprises Index rose 0.4 percent, to 25,924.05 ... ( read original story ...)

It closed at 10.2 yuan, up from its IPO price of 7.08 yuan. The Shanghai-based maker of women’s apparels raised 424.8 million yuan, selling 60 million shares. In contrast, Speed Apparel, which debuted on the Growth Enterprise Board in Hong Kong ... ( read original story ...)

The Hong Kong financial market regulator is keeping a watchful eye on Switzerland’s UBS. A further case involving questionable activities by an investment banker has now come to light. Former UBS investment banker Calvin Choi (pictured below) seems to ... ( read original story ...)

HONG KONG - Ride-hailing giant Uber has reported another multibillion ... The company also said its head of finance, Gautam Gupta, is departing, becoming the latest high profile executive to leave amid a string of troubles facing the company. ( read original story ...)

All China UnionPay bank cardholders “will be required to scan their mainland identity card and undergo a facial recognition check” to withdraw cash. Earlier this year, the Hong Kong government announced it will introduce a facial biometrics-enabled ... ( read original story ...)

May 31 Hong Kong stocks ended Wednesday roughly flat ... The Thomson Reuters Trust Principles Next In Financials ( read original story ...)

HONG KONG Zhong An Online Property and Casualty Insurance, China's first online-only insurer, has resumed a plan to raise $1 billion or more in a Hong Kong initial public offering (IPO) in the second half of this year, said two people with knowledge of the ... ( read original story ...)

China Tower Corp, which owns and manages the mobile phone towers for China's three state-owned telecom operators, has invited investment banks to pitch for a role in a Hong Kong IPO. (Image: Reuters) China Tower Corp, which owns and manages the mobile ... ( read original story ...)

has invited investment banks to pitch for a role in a Hong Kong IPO worth up to $10 billion, IFR reported on Monday. The IPO would take place in late 2017 or early 2018, said IFR, a Thomson Reuters publication, citing people close to the deal. China Unicom ... ( read original story ...)

HONG KONG May 29 Hong Kong stocks edged up on Monday ... stake in the supermarket chain operator to a unit of Alibaba Group Holding Ltd. Hong Kong financial markets will be closed for a holiday on Tuesday. Mainland markets will be closed again, and ... ( read original story ...)

The increase will come into effect on 5 June. The bank said it will continue to closely monitor the market situation and employ ( read original story ...)