In Hong Kong, HSBC is the bank others are measured by and, in many cases, aspire to be, notably the big Chinese state banks in their forever-quest to usurp it. Yet again, ‘The bank’, as it’s known, ... ( read original story ...)
Clare.AI pioneers banking services powered by AI
In Hong Kong's vibrant startup ecosystem, women are willing to step out of their comfort zones and perform well - including the fintech industry. Co-founded by entrepreneur Bianca Ho, who moved from ... ( read original story ...)
Hong Kong’s IPO Gatekeeper Status Back in Focus After Arrests
“HKEX will be under pressure to show that it can effectively govern IPO approvals,” said Will Cai, a partner and the head of capital markets at Cooley Asia. Otherwise, “this would trigger more ... ( read original story ...)
China footwear retail unit files for Hong Kong IPO to raise $1 billion
HONG KONG (Reuters) - Chinese footwear retailer Belle International filed plans on Thursday to spin off its sportswear business via a Hong Kong initial public offering, a deal which two sources with ... ( read original story ...)
Hong Kong Exchanges and Clearing : anti-graft agency arrests ex-stock exchange official over IPO breaches
HONG KONG (Reuters) - Hong Kong's anti-corruption watchdog said on Wednesday it had arrested a former senior figure at the Hong Kong Stock Exchange operator for suspected misconduct linked to two IPOs ... ( read original story ...)
Arrest of former stock exchange official rocks Hong Kong IPO market
Hong Kong’s reputation as the world’s leading location for initial public offerings has been jolted by a former top stock exchange executive’s arrest for suspected corruption and misconduct related to ... ( read original story ...)
HK bourse slips in global IPO rankings
By the end of June, Hong Kong is likely to have 76 IPOs on board, a sharp fall from the 101 IPOs recorded in the same period a year ago. But the total fundraising amount could rise 38 percent to HK$69 ... ( read original story ...)
UPDATE 1-HK anti-graft agency arrests ex-stock exchange official over IPO breaches
... corruption watchdog said on Wednesday it had arrested a former senior figure at the Hong Kong Stock Exchange operator for suspected misconduct linked to two IPOs. The former official and two ... ( read original story ...)
Hong Kong stocks’ widening discounts leads to increased buying from mainland traders
Hong Kong stocks now have a potential price catalyst ... according to a gauge compiled by Hang Seng Bank that tracks the price discrepancy between the two markets. The widening gap has already ... ( read original story ...)
Hong Kong Pension System Charges Premiums for Cheap Index Funds
High fees are also one reason individuals have largely avoided putting in more than they’re required, according to the review by the Hong Kong Financial Services Development Council. The study ... ( read original story ...)
Hong Kong Banks’ Biggest Threat Could End Up Saving Them
While my colleague Nisha Gopalan and I remain skeptical about the impact of branchless, internet-only banks, the city’s established lenders like HSBC, BOC Hong Kong (Holdings) Ltd., Standard Chartered ... ( read original story ...)
Monetary authority seeks to keep Hong Kong at cutting edge of tech, regulatory developments, launches Academy of Finance
The academy, first mentioned by Financial Secretary Paul Chan Mo-po in his budget in February 2018, will invite about 100 top executives from Hong Kong’s banking, finance and insurance industries to ... ( read original story ...)
World’s Largest Trailer Maker Inches Closer To A Hong Kong IPO
CIMC Vehicles, the world's largest maker of specialty truck bodies and trailers as measured by sales volumes, increasingly appears to be heading for an initial public offering (IPO) on the Hong Kong ... ( read original story ...)
Academy of Finance established
Financial Secretary Paul Chan: It was in the 2018-19 Budget that I announced the plan for an academy of finance to be set up by the Hong Kong Monetary Authority (HKMA). The HKMA has completed the task ... ( read original story ...)