has filed for a Hong Kong initial public offering of at least $1 billion, two sources said, with one saying the size may be as much as $1.5 billion. ESR joins a thinner pipeline of companies looking t... ( read original story ...)
HSBC’s New Boss Faces Challenges From China and Brexit
London-based HSBC has exposure to some of the world’s fastest-expanding markets—it was born as the Hongkong and Shanghai Banking Corp. in 1865 and derives 90 percent of its profits from Asia. And yet ... ( read original story ...)
Three trends that will define banking in the Year of the Pig
In 2018, we saw continued investments into digital transformation. Hong Kong’s premier bank, HSBC, invested US$2.3 billion in digital platforms, AI and new technology to reach tech-savvy customers. Be... ( read original story ...)
Streetwise newsletter: Hong Kong tycoon, two equity firms bid on Anbang Insurance’s Vancouver office complex
Here are the top reads on deals and financial services over the last 24 hours, Hong Kong tycoon, two equity firms bid on Anbang ... Story (Tim Kiladze and David Milstead, for subscribers) National Ban... ( read original story ...)
Global Switch Picks Banks for Over $1 Billion IPO
(Bloomberg) -- Global Switch, the U.K. data center operator, has chosen arrangers for a proposed Hong Kong initial public offering that could raise more than $1 billion, people with knowledge of the m... ( read original story ...)
Bloomberg Poll Shows Investors in Hong Kong and Singapore Plan To Invest More in Onshore Chinese Bonds
Hong Kong, Singapore – A Bloomberg survey conducted among banking and investing professionals in Hong Kong and Singapore suggests that more market participants (67 percent) expect to invest in Chinese ... ( read original story ...)
Starbucks’ China rival Luckin Coffee taps three banks for U.S. IPO: sources
HONG KONG (Reuters) - Chinese startup Luckin Coffee, which has ambitions to overtake Starbucks at home this year, has tapped three banks including Credit Suisse to work on a U.S. IPO in 2019 ... ( read original story ...)
Hong Kong finance chief Paul Chan defends budget amid criticism that it does too little to address health care and housing
Hong Kong’s finance chief defended his latest budget on Thursday amid a record-low rating and criticism from residents who said he did not do enough to tackle housing and health care problems. A day e... ( read original story ...)
Hong Kong finance minister Paul Chan defends budget amid criticism that it does too little to address health care and housing issues
Hong Kong’s finance chief defended his latest budget on Thursday against criticism from residents who said he had not done enough to help tackle the city’s housing and health care problems. Financial ... ( read original story ...)
Hong Kong finance chief Paul Chan finally seems to be finding his feet after tough start in job
His third budget generally well received by political parties and lawmakers, despite perennial criticism that more could have been done for needy Even government allies were not impressed with the rel... ( read original story ...)
Hong Kong: HANG SENG INDEX (.HSI) PBOC said it will encourage financial market innovation to boost the economy
China and Hong Kong stocks rose on Wednesday ... Rex Takasugi – TD Profile HANG SENG INDEX closed down -14.621 at 28,757.439. Volume was 39% above average (neutral) and Bollinger Bands were 23% narrow... ( read original story ...)
UPDATE 1-HK regulator suspends former China brokerage exec for IPO sponsor guidelines breach
HONG KONG, Feb 27 (Reuters) - Hong Kong’s financial watchdog has suspended the licence of a former senior banker at China Merchants Securities (CMS) for breaching its code of conduct on initial public ... ( read original story ...)
HKEX sets profit record after IPOs and turnover surge
HONG KONG (Reuters) - Hong Kong’s stock exchange operator on Wednesday said 2018 profit surged 26 percent to a record high, meeting expectations, boosted by fees from a number of mega IPOs in the firs... ( read original story ...)
China, Hong Kong stocks climb after Fed chief comments
The Hang Seng index added 0.5 percent to 28,910.83 points, while the Hong Kong China Enterprises Index ... on Tuesday as he spelled out the central bank’s approach to an economy that is likely ... ( read original story ...)