The companies that went to Hong Kong had a patchy post-IPO showing. Five stocks suffered double-digit tumbles of as much as 42 percent, the data show. Singapore saw three of its debut stocks fall, with the largest decline at 5.6 percent. Hong Kong has seen ... ( read original story ...)
Singapore Is Losing Home Advantage in IPO Battle With Hong Kong
Fourteen companies based in the Southeast Asian city have chosen to list on their home stock market this year, compared with 13 on the bourse operated by Hong Kong Exchanges & Clearing Ltd., according to data compiled by Bloomberg. It’s not all bad news ... ( read original story ...)
China’s Shandong International Trust makes history, raising up to US$450m in Hong Kong IPO
Shandong International Trust on Monday became the first trust from China to launch an initial public offering in Hong Kong of 647 million shares to raise as much as HK$3.51 billion (US$450 million). The stock, which is being offered at an indicated price ... ( read original story ...)
Ping An Good Doctor readies $1 billion Hong Kong IPO: IFR
HONG KONG (Reuters) - China’s most popular online medical platform, Ping An Good Doctor, is working with Citigroup and JPMorgan on an initial public offering of up to $1 billion, IFR reported. The deal could launch in Hong Kong in the first half of next ... ( read original story ...)
“Junior bankers in Hong Kong are way too obsessed with joining the buy-side”
Investment banking, at Goldman and other budge bracket firms, is still the best way for graduates in Hong Kong to start and then grow their careers – so make the most of it! The hours will get better as you get promoted. As for me, I don’t have a long ... ( read original story ...
Hong Kong finance boss confesses at murder trial to killing mistress who worked as nightclub hostess
A finance company director on trial for murder cried in a Hong Kong court on Monday as he confessed to killing his mistress in a physical struggle that escalated from an emotional argument over ending their affair. But the woman’s body was never found ... ( read original story ...)
The Hongkong and Shanghai Banking Corp. Ltd. ‘AA-‘ Ratings Affirmed, Despite High Credit Growth; Outlook Stable
HONG KONG (S&P Global Ratings) Nov. 27, 2017--S&P Global Ratings today affirmed its 'AA-' long-term issuer credit rating on The Hongkong and Shanghai Banking Corp. Ltd. (HSBC Asia Pacific). The outlook is stable. At the same time, we affirmed our 'A-1 ... ( read original story ...)
Hong Kong’s Securities and Futures Commission to consider active exchange-traded funds
They are finding ways to stay true to their active investment philosophy, but leverage the ETF wrapper to access a new distribution channel,” said Chris Pigott, the head of Hong Kong ETF services at US private bank Brown Brothers Harriman. Globally ... ( read original story ...)
Hong Kong tribunal fines HSBC’s private banking unit $51m
A Hong Kong legal tribunal yesterday imposed a fine worth HK$400m (about $51m) on the private banking unit of HSBC, related to the sale of Lehman Brothers-linked structured financial products between 2003 and 2008. Two years ago, Hong Kong’s Securities ... ( read original story ...)
Announcing our first API bank feed integration in Hong Kong with DBS
We’re super excited to announce our first API-driven online connection in Hong Kong with DBS. This integration marks the second such solution launched with DBS in the region following the announcement of our partnership with DBS in Singapore in March of ... ( read original story ...)
Tech firms are finding Hong Kong as an IPO destination, but is it too late for the city to catch up?
Hong Kong’s stock market has seen a flurry of fundraising this year by technology and internet companies, with five of the city’s 10 largest initial public offerings occupied by companies in the new economy, compared with none last year. Most of these ... ( read original story ...)
Why Investors Are Piling into Hong Kong IPOs
Dig deeper than the mainstream headlines to see where the stock market is really at — and where the true stock opportunities lie. Discover the latest insights on global and Australian share markets right here...so that you can buy, sell and trade shares ... ( read original story ...)
Mom and pop investors pile into Hong Kong IPOs in $163bn bonanza
Bull statues displayed outside the Hong Kong Stock Exchange. Hong Kong retail stock buyers placed orders for $163bn worth of equity in this year’s major deals, according to data compiled by Bloomberg. Mom-and-pop investors haven’t been this crazy for ... ( read original story ...)
Mom and Pop pile into Hong Kong IPOs in US$163b bonanza this year
HONG KONG (BLOOMBERG) - Mom-and-pop investors haven't been this crazy for Hong Kong initial public offerings since 2009. Hong Kong retail stock buyers placed orders for US$163 billion (S$221 billion) worth of equity in this year's major deals, according to ... ( read original story ...)