Tag: ipo

Social-media major Tencent Holdings, Hong Kong's most valuable company, tumbled 5.9%, heading for its lowest close since Jan. 2. London-headquartered HSBC Holdings lost 3.1% in what could be its worst day in nearly a year. Industrial & Commercial Bank of ... ( read original story ...)

In addition to recognizing HSBC as the world’s top trade bank, the survey also named it to be the leading trade bank in Latin America and the Middle East, as well as in 11 countries including the US, UK, UAE, India, Singapore, and Hong Kong. ( read original story ...)

Raymond Chan, the authority’s executive director for banking supervision, said virtual banks would treat their customers as fairly as conventional banks. In September, Norman Chan announced seven initiatives to help Hong Kong migrate to what he called a ... ( read original story ...)

The 40-member Hang Seng China Enterprise Index, which tracks the performance of Chinese companies listed in Hong Kong, fell 793.23 points, or by 5.9 per cent, to 12,686.60, led by China Construction Bank’s 7.7 per cent drop. “The market sentiment has ... ( read original story ...)

The Hang Seng China Enterprises Index lost 6.10 per cent, or 822.11 points, to 12,657.72, on course for its biggest drop in seven years, since falling 6.2 per cent in August 2011. “In Hong Kong ... and China Construction Bank lost 6.55 per cent to ... ( read original story ...)

HONG KONG/LONDON (Reuters) - Standard Chartered Plc is looking to drive returns by boosting lending to key industrial sectors and top clients, in a move that could cut about a dozen investment banking jobs as it dials back in areas like private ... ( read original story ...)

Ashurst has boosted two banking and finance partners in Hong Kong: Eric Tan, who joins from Chinese firm Fangda Partners, and Daniel Lau, hired from Allen & Overy's Beijing office. Tan specialises in acquisition finance, cross-border lending, structured ... ( read original story ...)

Hong Kong stocks plunged by ... to 31,184.52 and the Hang Seng China Enterprises Index lost 3.64 per cent, or 490.53 points, to 12,989.30. All industries were down. In financials, China Construction Bank lost 4.44 per cent to HK$8.61, ICBC fell 4.03 ... ( read original story ...)

Hong Kong's Hang Seng Index was down 4.94 percent at 30,651.31 at its midday ... chief strategist at China's Bank of Communications. Hong recommended watching for dangers rather than potential gains in the near-term, although bonds — particularly ... ( read original story ...)

Do you work for a global bank in Hong Kong? The future of your job is increasingly being decided not by your firm’s head office in the US or Europe…but by the Chinese government. And as a result, the future is not necessarily that bright if you want to ... ( read original story ...)

But he longed to go back, so the following year he applied to 12 banks in Hong Kong for a summer internship, landing one at Deutsche Bank. He was thrown into the fray as the global bull market crested in the summer of 2007. “It was a blast,” Hayes says. ( read original story ...)

Overall, the HKMA said Hong Kong's banking sector had performed well, with their net interest margin, an important indicator in a bank's profitability, reaching 1.45% last year. Hong Kong banks will report their individual 2017 results in late February and ... ( read original story ...)

Investors in the Hong Kong stock market will have their tails up in the Year of the Dog, with the Hang Seng Index set for solid gains and pharmaceutical and consumers stocks a good bet, according to the annual “Feng Shui Index” compiled by Hong Kong ... ( read original story ...)

I ditched my successful consulting career to become a junior analyst at an investment bank in Hong Kong. Here’s why I don’t regret it. https://news.efinancialcareers.com/hk-en/305691/chinese-vs-western-banks/ By 2016 I’d clocked up about three years ... ( read original story ...)