HONG KONG (Nikkei Markets) -- San Francisco-headquartered gaming hardware maker Razer on Monday launched an initial public offering in Hong Kong to raise up to HK$4.25 billion ($545 million), according to a termsheet. The company is offering 1.06 billion ... ( read original story ...)
Flying Mining Prices Hong Kong IPO At Bottom Of Indicative Range
HONG KONG (Oct 30) -- Marble miner and processor Flying Mining on Monday said it priced its initial public offering at 50 Hong Kong cents a share, at the lower end of its indicative range of 50 cents to 62 cents. The company is offering 390 million shares ... ( read original story ...)
Asia pivot helps HSBC post jump in third quarter pretax profit
HONG KONG (Reuters) - HSBC Holdings PLC posted a five-fold rise in its pretax profit for the third quarter, as the bank expanded its market share in its key businesses in Asia, and helped by a lower comparative base in the year-ago quarter. HSBC earlier ... ( read original story ...)
HSBC reports third quarter pre-tax profit of $4.6 billion, up from $843 million a year ago
... pre-tax profit jumped 448 percent year-on-year to $4.6 billion HSBC also said it completed 71 percent of the share buyback it announced in July The bank is listed in Hong Kong, London and New York HSBC, Europe's largest bank, said Monday its pre-tax ... ( read original story ...)
HSBC posts higher 3Q profit as Asian pivot pays off
HONG KONG — HSBC says profits rose in the third quarter as a sweeping corporate overhaul, aimed at winning more business in Asia pays off. The London-based global bank said Monday that pretax profit rose to $4.6 billion in the July-September period ... ( read original story ...)
HSBC posts huge jump in third quarter pre-tax profit
"Our pivot to Asia is driving higher returns and lending growth, particularly in Hong Kong and the Pearl River Delta," HSBC chief executive Stuart Gulliver said in a statement. The firm's earnings were further boosted by higher premiums from its insurance ... ( read original story ...)
HSBC third-quarter profits up five times as Asia drives lending growth
The Asian contribution to HSBC’s performance is increasing. In a statement to the Hong Kong stock exchange the bank said that its “pivot to Asia” had driven over 70 per cent of the group’s adjusted profit in the first nine months of this year. ( read original story ...)
Asia helps HSBC post jump in third quarter pretax profit
Hong Kong: HSBC Holdings PLC (HSBA.L) posted a more than five-fold rise in its pretax profit for the third quarter, as the bank expanded its market share in its key business in Asia, and helped by a lower comparative base in the year-ago quarter. ( read original story ...)
HSBC Q3 profits up five-fold to $4.6 bn on booming Asia
Profits at banking giant HSBC leapt five fold in the third quarter to $4.6 billion ... Shares were up 0.7 percent at HK$77.65 ($9.95) in early afternoon trading. Gulliver said the bank had "maintained good momentum in the third quarter", with higher ... ( read original story ...)
HSBC says profits rose in the third quarter as a sweeping corporate overhaul, aimed at winning more business in Asia pays off.
HONG KONG (AP) -- HSBC said Monday that its profit rose in the third quarter as a sweeping corporate overhaul aimed at winning more business in Asia paid off. The London-based global bank said pretax profit rose to $4.6 billion in the July-September period ... ( read original story ...)
Hong Kong slow to go cashless? Blame success of Octopus card, minister says
Hong Kong is lagging behind mainland China in becoming a cashless society because the city’s first such payment option, the contactless Octopus card, was so successful that the city stopped exploring more options, Secretary for Commerce and Economic ... ( read original story ...)
Refusal to establish a start-up board is a competitive setback for Hong Kong
“It’s not really money unless you use it,” as the old Cantonese saying goes. The same can be said about government power and authority. Last week, we witnessed this conundrum in action. Hong Kong’s stock market operator and the regulator have ... ( read original story ...)
Hong Kong stocks trade sideways at mid-morning; property developers pressured
Hong Kong stocks traded little changed at mid-morning on Monday, while mainland Chinese stocks fell for the first time in seven trading sessions. The Hang Seng Index was unchanged at 28,438.45, after trading as much as 0.7 per cent higher at 9.35am. ( read original story ...)
Swap Hong Kong property for Australia: Savills Investment
Hong Kong's sky-high prices and low affordability rank it as one of the riskiest property markets for Savills Investment Management, which is avoiding the city in favour of Japan and Australia. "Hong Kong is highly, highly expensive," Kiran Patel, who ... ( read original story ...)