HONG KONG (Feb 12) -- China's OneForce Holdings on Monday said it expects to raise up to HK$92.2 million ($11.8 million) in gross proceeds from an initial public offering in Hong Kong. The electric power industry-focused information technology service ... ( read original story ...)
After retiring from HSBC Group, CEO Stuart Gulliver plans a three-month sailing trip
Later this month, HSBC Group CEO Stuart Gulliver will step down from his role ... “In truth, I will retire in HK (Hong Kong) at about 80,” Gulliver said in response. Is that a clue to what’s next? ( read original story ...)
HR Job moves from Hang Seng Bank, Sino Jet and many more
Here are the major promotions and job moves in the world of HR for this week from Hong Kong. If you’ve been promoted or if ... talent acquisition and onboarding at the bank with effect in February. Previously she was a recruitment specialist at ... ( read original story ...)
Hong Kong stocks end at five-week low led by property shares
The three biggest H-shares percentage decliners were China Citic Bank Corp Ltd which was down 5.45 ... So far this week, the market capitalisation of the Hang Seng index has fallen by 6.44 percent to HK$20.01 trillion. ** The short and one-factor leveraged ... ( read original story ...)
HSBC: One rate adjustment enough for BSP
Hong Kong-based Frederic Neumann, managing director and cohead of Asian economic research at HSBC, said in a press chat on Friday that despite heightened jitters in the past few weeks, inflation rate in the Philippines could average at 3.7 percent this ... ( read original story ...)
Global Markets Summer Analyst – Hong Kong – November/2017 – HSBC
For those on WSO with some entrepreneurial spirit- this is a guest post/syndication from Dan Andrews of tropicalmba.com- an entrepreneur who I have a lot of respect for and have a learned a ton from over the last few years from via his blog/podcasts. ( read original story ...)
Tencent-backed We Doctor scales up to prepare for planned Hong Kong IPO
We Doctor, the Tencent-backed Chinese online healthcare services firm, has completed internal business integration (in Chinese) and scaled up its four verticals—medical cloud, healthcare, medicine, and insurance. The company is also raising $500 million ... ( read original story ...)
Sink or swim. Hong Kong lenders must get smart with virtual banks as fintechs snap at their heels
As one of the premier international financial centres in the world, Hong Kong has a well-established and developed banking system. But despite the size of the financial industry and the presence of branches in every corner, customers are among the least ... ( read original story ...)
Xiaomi gains HK users’ trust ahead of potential IPO
That should help the company bolster its brand exposure and help clear the way for an initial public offering later this year. Xiaomi has been steadily developing in the Hong Kong market since it opened its first Mi Home in Mong Kok in September 2015. ( read original story ...)
Can Hong Kong’s regulator help out-of-pocket shareholders collect on Qunxing’s fraud penalty?
Qunxing Paper Holdings, a Chinese printing company that was kicked off the Hong Kong stock exchange last year for fraud, has been ordered to compensate the 27,000 investors who have invested in it since its 2007 initial public offering, closing the final ... ( read original story ...)
It pays Hong Kong to welcome hi-tech companies
As the Hong Kong stock exchange rued the one that got away, praise for honouring a principle was cold comfort for the loss of what remains the world’s biggest tech initial public offering. We are referring of course to the US$25 billion listing of ... ( read original story ...)
Billion-dollar biosim maker mulls $500M Hong Kong IPO
A Chinese biosimilar maker valued at $1.5 billion might be the first to list its stock on Hong Kong’s exchange under new rules allowing startups and biotechs to go public. The company, called Shanghai Henlius Biotech, could do an IPO raising $500 million ... ( read original story ...)
A-Living Services’ Hong Kong IPO Priced Near Middle Of Indicative Range – Source
HONG KONG (Feb 05) -- A-Living Services' initial public offering was priced at HK$12.30 apiece, slightly lower than the mid-point of an indicative range, according to a source familiar with the pricing details. The Chinese property management service ... ( read original story ...)
Hong Kong Exchanges and Clearing : Exchange Publishes Guidance Letters on Pricing Flexibility for IPOs and Placing Tranche Reallocation in IPOs
Listing applicants can use pricing flexibility mechanism to set price of shares in an IPO Listing applicants can move shares from placing to public subscriptiontranche under certain conditions other than those in the practice note that has the clawback ... ( read original story ...)