The companies that went to Hong Kong had a patchy post-IPO showing. Five stocks suffered double-digit tumbles of as much as 42 percent, the data show. Singapore saw three of its debut stocks fall, with the largest decline at 5.6 percent. Hong Kong has seen ... ( read original story ...)
Hong Kong should vie to become R&D hub
The Hong Kong government will step up efforts to promote innovation and technology. This was the message from Chief Executive Carrie Lam Yuet-ngor at the grand final of Alibaba’s startup competition Jumpstarter 2017 held in Hong Kong last week. ( read original story ...)
RGA invests in fintech startup
Chesterfield-based Reinsurance Group of America, a global life reinsurer, has invested in fintech startup Bitspark, based in Hong Kong. The company made its investment through its subsidiary RGAx, which focuses on new and emerging technology. The amount of ... ( read original story ...)
Singapore Is Losing Home Advantage in IPO Battle With Hong Kong
Fourteen companies based in the Southeast Asian city have chosen to list on their home stock market this year, compared with 13 on the bourse operated by Hong Kong Exchanges & Clearing Ltd., according to data compiled by Bloomberg. It’s not all bad news ... ( read original story ...)
China’s regulator to halt Hong Kong-bound funds over fear of an impending market correction
China’s securities regulator will suspend the approval of new mutual funds that are meant for investing in Hong Kong’s equity market, putting a temporary cap on southbound capital that has boosted the city’s benchmark stock index to a decade high. ( read original story ...)
China’s Shandong International Trust makes history, raising up to US$450m in Hong Kong IPO
Shandong International Trust on Monday became the first trust from China to launch an initial public offering in Hong Kong of 647 million shares to raise as much as HK$3.51 billion (US$450 million). The stock, which is being offered at an indicated price ... ( read original story ...)
Ping An Good Doctor readies $1 billion Hong Kong IPO: IFR
HONG KONG (Reuters) - China’s most popular online medical platform, Ping An Good Doctor, is working with Citigroup and JPMorgan on an initial public offering of up to $1 billion, IFR reported. The deal could launch in Hong Kong in the first half of next ... ( read original story ...)
“Junior bankers in Hong Kong are way too obsessed with joining the buy-side”
Investment banking, at Goldman and other budge bracket firms, is still the best way for graduates in Hong Kong to start and then grow their careers – so make the most of it! The hours will get better as you get promoted. As for me, I don’t have a long ... ( read original story ...
Hong Kong finance boss confesses at murder trial to killing mistress who worked as nightclub hostess
A finance company director on trial for murder cried in a Hong Kong court on Monday as he confessed to killing his mistress in a physical struggle that escalated from an emotional argument over ending their affair. But the woman’s body was never found ... ( read original story ...)
The Hongkong and Shanghai Banking Corp. Ltd. ‘AA-‘ Ratings Affirmed, Despite High Credit Growth; Outlook Stable
HONG KONG (S&P Global Ratings) Nov. 27, 2017--S&P Global Ratings today affirmed its 'AA-' long-term issuer credit rating on The Hongkong and Shanghai Banking Corp. Ltd. (HSBC Asia Pacific). The outlook is stable. At the same time, we affirmed our 'A-1 ... ( read original story ...)
Hong Kong’s Securities and Futures Commission to consider active exchange-traded funds
They are finding ways to stay true to their active investment philosophy, but leverage the ETF wrapper to access a new distribution channel,” said Chris Pigott, the head of Hong Kong ETF services at US private bank Brown Brothers Harriman. Globally ... ( read original story ...)
Ousted Hong Kong lawmakers ordered to pay hefty expense bills
"This is raw political persecution," said Law, 24, who was jailed in August on an unlawful assembly charge linked to Hong Kong's pro-democracy "Occupy" protests in 2014, but who is out on bail pending an appeal. "It's preposterous," Law added at a news ... ( read original story ...)
Review: Cathay Pacific Business Class, Singapore – Hong Kong
After visiting the new Cathay Pacific lounge in Singapore’s brand spanking new terminal 4 it was off to Hong Kong. Cathay offers 8 flights a day non-stop to Hong Kong from Singapore and they also fly daily to Bangkok. I was on their third flight of the ... ( read original story ...)
Hong Kong shares shrug off robust China industrial profits
Hong Kong shares closed lower on Monday, as investors largely shrugged off data showing profits at China's industrial firms continued to grow at a robust pace last month despite a slight cooling from a sizzling September. At close of trade, the Hang Seng ... ( read original story ...)