Principal Financial Group Inc. is considering selling its pension fund business in Hong Kong, people familiar with the matter said, a move that would help the US financial services firm streamline its ... ( read original story ...)
Tencent Stake Worth $7.6 Billion Appears in Hong Kong Clearing System
Tencent Holdings Ltd. shares worth $7.6 billion appeared in Hong Kong’s clearing and settlement system, spurring speculation that a large stakeholder is gearing up to offload more shares. Most Read ... ( read original story ...)
Mainland Market Gets Its Growth Stock On
Asian equities had an off day except for China, Malaysia, and Thailand as the Asian currency index posted another 52-week low versus the US dollar. ( read original story ...)
Ping An’s HSBC campaign fails the financial test
It’s nice to dream of a better world, but harder to make it happen. That’s the challenge facing China’s Ping An Insurance , . HSBC’s , largest shareholder is pushing the global bank to spin off its ... ( read original story ...)
Hong Kong to top Singapore as international financial hub thanks to role as super-connector to China: HKEX chairwoman
Singapore may have the edge at the moment, but Hong Kong has more longer-term advantages to attract capital and talent, HKEX boss says Hong Kong's connection to the Greater Bay Area is like New York ... ( read original story ...)
Richard Li’s insurer FWD eyeing Hong Kong IPO in 2023: Sources
is weighing 2023 as a new target for its long-awaited Hong Kong initial public offering (IPO), according to people familiar with the matter. FWD, which in May decided to postpone its listing in the ... ( read original story ...)
Tencent-backed Keep Inc, China’s largest online fitness company, renews Hong Kong IPO application
Keep Inc, backed by SoftBank and Tencent, had filed a listing application in February, but it did not proceed further during the six- month window that ended in August. ( read original story ...)
A reimagined bank in a post-pandemic world means DBS Hong Kong is well positioned as ‘best bank in Hong Kong’
Long-term investment in technology and sustainability has helped the bank become a market leader, outperforming its competitors in key areas and achieving a 27 per cent increase in net profit last ... ( read original story ...)
Richard Li’s Insurer FWD Eyeing Hong Kong IPO in 2023, Sources Say
FWD Group Holdings Ltd., the Asian insurer backed by billionaire Richard Li, is weighing 2023 as a new target for its long-awaited Hong Kong initial public offering, according to people familiar with ... ( read original story ...)
Deloitte Projects HK New IPOs to Raise Over $110B This Yr, HK to Retain World’s Top 3 Position
Deloitte published the 3Q IPO Market Review and Outlook, in which it forecast 47 IPOs to be listed in Hong Kong for the 1-3Q ended September 2022, raising $54.7 billion. The number of IPOs and their ... ( read original story ...)
Chinese Online Fitness Platform Keep Inc. Refiles Application for Hong Kong IPO
By Clarence Leong Chinese online fitness platform Keep Inc. has refiled its application for an initial public offering in Hong Kong to raise funds ... ( read original story ...)
BOC Hong Kong arranges $115.8m green-linked loan for China Overseas Land & Investment
COLI will enjoy savings in borrowing costs should it meet performance targets. Bank of China Hong Kong has arranged a $115.8m (₤100m) five year sustainability-linked club loan for China Overseas Land ... ( read original story ...)
EWH Faces Hong Kong Uncertainty
Shares MSCI Hong Kong ETF (EWH) captures a lot of typical Hong Kong exposures including insurance but also a lot of real estate. Click here for a full investment analysis. ( read original story ...)
Hong Kong’s service trade sector continues to boom
Hong Kong will strengthen its functions such as being a global offshore renminbi business hub, as well as its asset and risk management functions to contribute to the high-quality development of the ... ( read original story ...)