That year, talks between China and the U.K. about the city’s future sparked panic across financial markets, triggering a sharp depreciation of the Hong Kong dollar. To help contain the turmoil, the cu... ( read original story ...)
CLP to buy assets to expand, as it aims to be the first Hong Kong utility to sell shares in India IPO
CLP Holdings, the larger of Hong Kong’s two power utilities, aims to double the size of its India unit via acquisitions and new-build projects in the next five years and list it on the local bourse, a... ( read original story ...)
Hong Kong: HANG SENG INDEX (.HSI) mixed between positive and negative territory
Meanwhile, Hong Kong’s Hang Seng index slipped 0.38 percent to close at 25,249.78. Overall, the bias in prices is: Downwards. Note: this chart shows extraordinary price action to the downside. By the ... ( read original story ...)
China’s Innovent prices HK IPO near top end, raises $421 million: sources
HONG KONG (Reuters) - Innovent Biologics Inc has priced its Hong Kong initial public offering (IPO) near the top of its marketing range to raise $421 million, two people familiar with the matter said, ... ( read original story ...)
China’s Innovent raises $421 million, prices HK IPO near top end: sources
HONG KONG (Reuters) - Chinese biotech firm Innovent Biologics 1801.HK priced its Hong Kong initial public offering near the top of an indicative range, raising $421 million in the city’s largest biote... ( read original story ...)
Hong Kong: HANG SENG INDEX (.HSI) Beijing policy pledges wears off
Hong Kong’s benchmark stock index lost more than 800 points on ... out and a sharp drop in US futures indicated deeper losses to come on Wall Street. The Hang Seng Index closed down 806.60 points, or ... ( read original story ...)
Hong Kong sits in the ‘danger zone’ for a fresh financial crisis
Investor sentiment has taken a turn for the worst in October. Stocks have slumped, bond yields have risen while concerns surrounding Italy, Saudi Arabia and China have all increased, albeit for differ... ( read original story ...)
China’s Xi opens world’s longest sea bridge linking Hong Kong, Macau
HONG KONG (Reuters) - China opened the world’s longest sea-crossing bridge and tunnel on Tuesday, linking the financial center of Hong Kong, the gambling hub of Macau and western reaches of the Pearl ... ( read original story ...)
Hong Kong Stock Exchange Proposes Framework for Regulating Cryptocurrency
The Hong Kong Stock Exchange (HKEX) believes that legal frameworks around finance and cryptos should be the same. The world’s sixth largest stock exchange in its research paper looks at the need ... ( read original story ...)
Hong Kong sits in the ‘danger zone’ for a potential financial crisis
Nomura has created a model that has reliably signalled at least two-thirds of the past 50 financial crises in 30 countries monitored. Right now, the model says Hong Kong is in the “danger zone” for a ... ( read original story ...)
Hong Kong: HANG SENG INDEX (.HSI) lingering concerns over Beijing’s trade war
South Korea’s Kospi gained 0.25 percent to close at 2,161.71. In Hong Kong, the Hang Seng index rose 2.22 percent in afternoon trade. Overall, the bias in prices is: Downwards. Note: this chart shows ... ( read original story ...)
AXA and HSBC launch new plan
AXA Hong Kong has collaborated with the Hongkong and Shanghai Banking Corporation to launch a new medical insurance plan for people up to 80 years old. The FirstCare Plus Medical Insurance provides fi... ( read original story ...)
Will Chinese Firms Succeed in Hong Kong?
“The Hong Kong IPO market is about to see significant change,” said Fu Siqi, a partner at Beijing-based Tian Yuan Law Firm, who oversees the firm’s Hong Kong practice. “The Chinese firms will take a l... ( read original story ...)
Goldman Sachs changes Asia investment banking leadership: memo
HONG KONG (Reuters) - Goldman Sachs Group Inc (GS.N) has named veteran banker Todd Leland as its investment banking head for Asia Pacific excluding Japan, according to an internal memo seen by ... ( read original story ...)