Hong Kong is set to allow controversial dual-class shares under rule changes to be proposed by the city's stock exchange as it raises the stakes in its battle against New York for blockbuster Chinese initial public offerings (IPOs). Hong Kong Exchanges and ... ( read original story ...)
Digital Hollywood Says Hong Kong IPO Priced At Bottom Of Indicative Range
HONG KONG (Dec 14) -- Digital Hollywood Interactive on Thursday said its initial public offering was priced at the bottom end of an indicative range of 63 Hong Kong cents to 85 Hong Kong cents apiece. The Chinese online game publisher raised about HK$315 ... ( read original story ...)
LHN Expects To Raise Up To $12.7 Million In Hong Kong IPO
HONG KONG (Dec 15) -- Singapore-listed real estate manager LHN said it expects to raise up to HK$99.1 million ($12.7 million) in an initial public offering on Hong Kong's main board. The real estate management and logistics group with operations in Asia is ... ( read original story ...)
Global IPO activity hits highest level since financial crisis
Martin Steinbach, EY global leader, said: "The outlook appears bright, driven by lower volatility across regions, high valuation levels and a renewed appetite for cross-border IPOs particularly in the US, Hong Kong and London. "The stronger-than-expected ... ( read original story ...)
Bank of China rolls out the red carpet to serve cross border needs of premium customers
Bank of China (Hong Kong), the city’s offshoot of Bank of China - the nation’s fourth biggest lender by assets, is tapping rising cross-border transactions and investment demand in the “area” that covers nine Guangdong cities surrounding the Pearl ... ( read original story ...)
Hong Kong Targets Next Alibaba in Sweeping Overhaul of IPO Rules
Hong Kong’s stock exchange proposed to let “innovative” companies list in the Chinese enclave with dual-class share structures to avoid losing out on more initial public offerings by technology giants like Alibaba Group Holding Ltd. Allowing shares ... ( read original story ...)
UBS Reshuffles in Hong Kong
The move has several effects: Adeline Chien will become a regional market manager of domestic Hong Kong, while LH Koh advances to regional market manager for domestic Hong Kong and international Japanese clients. The appointment of Humair, Chien ... ( read original story ...)
Hong Kong raises base rate fourth time in 13 months, gets a shrug from markets and borrowers
The city’s de facto central bank raised the base lending rate by 25 basis points to 1.75 per cent, following an equivalent overnight increase by the US Fed to maintain the Hong Kong dollar’s peg to the American currency. Explainer: What Hong Kong’s ... ( read original story ...)
Banking experience not needed as SocGen plans 2018 Hong Kong tech hiring
https://news.efinancialcareers.com/hk-en/282438/credit-suisse-asia-technology-jobs/ Finance sector experience is now “a nice-to-have, not a perquisite” for working in banking technology, says the man tasked with expanding Societe Generale’s tech team ... ( read original story ...)
Hong Kong’s central bank raises base rate 25 basis points after Fed hike
HONG KONG (Reuters) - The Hong Kong Monetary Authority raised the base rate charged through its overnight discount window by 25 basis points on Thursday to 1.75 percent. The move from Hong Kong’s de facto central bank followed the Federal Reserve’s ... ( read original story ...)
Bank in cashless app deal
BOC Hong Kong (2388) has joined with Tencent's (0700) Wechat Pay HK to offer users a safe and speedy cashless payment experience. Customers of BOCHK can now link their bank accounts to Wechat accounts, and set up daily transaction limits up to as much as ... ( read original story ...)
Hong Kong Finance Regulator Upraises the Legitimacy of Bitcoin Futures
The launch of Bitcoin Futures brought not only the escalation of its price but the hot discussions on the legal and regulatory requirements for that kind of contracts. Bitcoin has become a significant part of the financial markets. It is a hot topic at all ... ( read original story ...)
Joint financial probe good for reputation of Hong Kong
Law enforcement tends to be more effective when agencies pool their resources and cooperate. Such collaboration is usually prompted by offences involving cross-border activity and money laundering such as terrorism and drug trafficking. But it is relevant ... ( read original story ...)
Hong Kong Regulator Issues Warning on Bitcoin Futures
A Hong Kong finance regulator has published a new circular on bitcoin futures and other cryptocurrency-related investment products. Released by the Securities and Futures Commission (SFC) of Hong Kong on Dec. 11, the circular states that only licensed ... ( read original story ...)