Smithfield Foods Inc. has picked advisers including Bank of America Corp. and Goldman Sachs Group Inc. to work on an initial public offering in the US intending to raise at least $1 billion, according ...
Steady fund flows have bolstered Hong Kong’s asset, wealth hub status, SFC study finds
Chan said the figures showed that despite geopolitical tensions, investors still had confidence in the prospects of the mainland and Hong Kong markets. The net inflows mostly came from private banking ...
{Hot Stocks}HANG SENG BANK(00011) quoted at HK$102.9, up 3%
[ET Net News Agency, 12 July 2024] HANG SENG BANK (00011) rose 3% to HK$102.9, breaking above the 20-D SMA of HK$102.428. It hits an intra-day high of HK$102.9, and an intra-day low of HK$100.3. The ...
57 Hongkongers lost HK$420,000 to online concert ticket scams within 1 week
Fifty-seven Hongkongers fell victim to concert ticket scams in a single week, with losses totalling HK$420,000 (US$53,786), police have warned. The spate of swindles prompted the force on Friday to ...
U.S.-based Chinese state-owned aircraft maker Cirrus lists in Hong Kong
HONG KONG -- Cirrus Aircraft, a U.S.-based but Chinese state-owned manufacturer of small airplanes, made its debut on the Hong Kong stock exchange on Friday.
HSBC Buys back ~2.75M Shrs for $185M Ytd
HSBC HOLDINGS (00005.HK) announced that it repurchased 2.7472 million shares of the company on the Hong Kong Stock Exchange yesterday (11th), at $66.9-67.5 per share and with a weighted average price ...
Hong Kong investors value firms with better sustainability disclosures: ASIFMA
Hong Kong-listed companies can improve their valuations by enhancing sustainability disclosures, according to industry lobby group Asia Securities Industry & Financial Markets Association.
Hong Kong institute to launch sustainability governance academy
Hong Kong Chartered Governance Institute (HKCGI) aims to promote sustainability-related advocacy, education and research.
Hong Kong stocks rally after China unveils fresh curbs on short-selling to boost confidence
Hong Kong stocks rallied after China clamped down further on short-selling and pledged more scrutiny of quant-based investments.
Hong Kong wealth gap narrows over past 15 years, but rival Singapore sees 23 per cent increase
Wealth inequality drops by 6 per cent in past 15 years in Hong Kong, and academics say weakened property market and departures could be why.
Hong Kong, mainland Chinese regulators cooperate on probes of PwC’s Evergrande bookkeeping
China’s Ministry of Finance and Hong Kong’s audit regulators are assisting each other in their separate investigations of PwC’s audit work of the now-liquidated China Evergrande Group. “Under the ...
Hong Kong partially clears PwC of alleged deficiencies in Evergrande audits
In April, Hong Kong’s Accounting and Financial Reporting Council said it had opened a probe into PwC after an anonymous letter – titled “Who led PwC into the firepit that was Evergrande?” – was ...
Sichuan Biokin Pharma Files for $500 Million Hong Kong IPO
Sichuan Biokin Pharmaceutical Co. filed for a Hong Kong listing that could raise about $500 million, according to people familiar with the matter, making it one of the larger deals in the city’s ...
China’s financial sector is put on needed GDP diet
It's usually a red flag whenever China's bean counters "optimise" already questionable market indicators. However, the recent tweak to how the country calculates what the financial sector contributes ...