SHANGHAI, Dec 13 (Reuters) - China stocks dipped slightly as financial shares weighed, while the Hong Kong market was firm ahead of a widely expected interest rate hike from the U.S. Federal Reserve. ** At 04:05 GMT, the Shanghai Composite index was down 3 ... ( read original story ...)
Techs, financials help Hong Kong shares rise for third day
HONG KONG (Nikkei Markets) -- Hong Kong shares rose for a third day, helped by an extended rebound in technology companies and gains in financial heavyweights amid expectations that U.S. interest rates are poised to rise. The Hang Seng Index added 1.1% at ... ( read original story ...)
Hong Kong’s regulator, anti-graft body poised for more joint probes on financial malfeasance
An unprecedented joint probe into alleged corruption at a financial services firm by Hong Kong’s market regulator and anti-graft body will “set the scene for future investigations” of a similar nature, the head of the city’s Securities and Futures ... ( read original story ...)
Hong Kong stocks rally, aided by services and financial firms
Dec 13 (Reuters) - Hong Kong stocks rebounded on Wednesday, underpinned by services and financial firms. ** At close of trade, the Hang Seng index was up 428.22 points or 1.49 percent at 29,222.10. The Hang Seng China Enterprises index rose 1.83 percent to ... ( read original story ...)
Tencent leads Hang Seng lower ahead of likely U.S. rate hike
The top gainers among H-shares were PetroChina Co Ltd up 1.17 percent, followed by Industrial and Commercial Bank of China Ltd ... 30.90 percent over the Hong Kong-listed H-shares. ** The price-to-earnings ratio of the Hang Seng index was 13.21 as of ... ( read original story ...)
HK set to lose top IPO status
Accounting giant KPMG China said yesterday that Hong Kong will lose its top spot among IPO markets in 2017 as it is expected to raise just HK$130 billion by the end of the year, the lowest amount since 2012.The performance represents a 33 percent drop from ... ( read original story ...)
NY steals HK’s IPO crown
After two consecutive years in the top spot, Hong Kong is poised to lose its much-coveted title as the world's leading venue for initial public offerings (IPOs) this year, following a drop in the number of blockbuster listings. Though the number of IPOs in ... ( read original story ...)
With IPO, Nissin prepped to push premium noodles in China
And so the maker of instant and frozen noodles has listed Nissin Foods Co. on the Hong Kong stock exchange, marking the first-ever initial public offering by one of the group's overseas subsidiaries. The Monday IPO brought in some 950 million Hong Kong ... ( read original story ...)
Will Hong Kong lose its IPO crown?
Ronald Wan of Partners Capital International says Hong Kong's position as an IPO destination will be threatened as companies choose to list in Shanghai or New York. ( read original story ...)
Chinese IPO shares worst performers despite record year
... of companies getting listed on the mainland suggests more is being done to lure potential unicorns away from IPOs in the U.S. or Hong Kong. However, a poor stock market performance suggests investors are not convinced. CSRC move to slow down ... ( read original story ...)
HSBC, Citi or Stan Chart: where should you send your CV in Hong Kong?
https://news.efinancialcareers.com/sg-en/303340/quit-hong-kong-ibd-for-trading/ Citi, HSBC and Standard Chartered: they are three of the Western commercial banks most entrenched in Hong Kong. The latter two are even deemed so important to the city’s ... ( read original story ...)
Hong Kong’s IPO Indigestion
Nisha Gopalan is a Bloomberg Gadfly columnist covering deals and banking. She previously worked for the Wall Street Journal and Dow Jones as an editor and a reporter. Not tech, not interested. That seems to be the mantra of investors in Hong Kong as an ... ( read original story ...)
Centurion prices Hong Kong IPO shares at HK$3.18; deal 4.1 times subscribed
SINGAPORE - Dormitory developer Centurion Corp has priced its secondary-listing offer in Hong Kong at HK$3.18 per share, near the mid-point of price talk between HK$3 and HK$3.30. The 36-million-share offering was 4.1 times subscribed, based on ... ( read original story ...)
“I quit Hong Kong IBD for a trading job. But now I’m back in banking”
“I was fed up working in Hong Kong investment banking, so I became a trader. But why did I move back into IBD?” https://news.efinancialcareers.com/hk-en/302960/apac-banking-jobs-2017/ I started my career at a US investment bank in Hong Kong about seven ... ( read original story ...)