Tag: ipo

More Chinese fintech firms to eye Hong Kong IPOs, says JP Morgan ZhongAn Online Property and Casualty Insurance, China’s first online-only insurer, debuted last month and has surged 37 per cent from its IPO price. The company raised US$1.5 billion in ... ( read original story ...)

The Hongkong and Shanghai Banking Corporation (HSBC) has appointed Jayant Rikhye as the new Chief Executive Officer for India operations, replacing Stuart Milne. Rikhye, who joined the HSBC in 1989, will begin his tenure on December 1. He is currently the ... ( read original story ...)

London based Hongkong and Shanghai Banking Corp (HSBC) has appointed Jayant Rikhye as India CEO effective from December 1, subject to regulatory approvals. Indian born Rikhye has spent his entire career at HSBC since starting at the bank in 1989. ( read original story ...)

Alibaba, China’s e-commerce behemoth, has a thing for hiring bankers into senior leadership roles. It appointed 20-year Goldman veteran Michael Evans as its president in 2015, and a year later named another ex-Goldmanite, Douglas Feagin, as head of ... ( read original story ...)

HONG KONG (Reuters) - China Literature Ltd launched on Monday an IPO in Hong Kong worth as much as $1.1 billion, seeking funds for acquisitions and to expand its digital publishing business, IFR reported citing a term sheet of the transaction. The Tencent ... ( read original story ...)

HONG KONG (Reuters) - China Literature Ltd, China’s largest online publishing and e-book company, launched an initial public offering for up to $1.1 billion on Monday, seeking funds for acquisitions and to expand its digital publishing business. ( read original story ...)

Three years ago, the Stock Exchange of Hong Kong lost the chance to host the record $25 billion initial public offering of Alibaba Group Holding because regulators would not allow the company's founders certain privileges they regarded as contrary to the ... ( read original story ...)

Shuli Ren is a Bloomberg Gadfly columnist covering Asian markets. She previously wrote on markets for Barron's, following a career as an investment banker, and is a CFA charterholder. Volatility is returning to Hong Kong stocks. In normal times, hot IPOs ... ( read original story ...)

HONG KONG (Reuters) - Shanghai-based coworking space startup naked Hub said on Friday it plans to go public in Hong Kong after a fresh round of fundraising next year, potentially adding more Chinese “new economy” companies to the Asian financial hub ... ( read original story ...)

China’s Sinochem Group has tapped three banks, including Morgan Stanley (NYSE: MS), to work on the possible Hong Kong listing of its key oil assets, as it seeks to raise capital and revive the company, said four people with knowledge of the matter. ( read original story ...)

BEIJING/HONG KONG (Reuters) - China’s Sinochem Group has tapped three banks, including Morgan Stanley (MS.N), to work on the possible Hong Kong listing of its key oil assets, as it seeks to raise capital and revive the company, said four people with ... ( read original story ...)

As oil giant Saudi Arabian Oil Co.—better known as Aramco—rethinks plans for what was expected to be the world’s biggest ever initial public offering, it’s not only investment bankers and the big stock exchanges of New York and London that are ... ( read original story ...)

A British parliamentarian has urged Hong Kong’s financial authorities to investigate his claims that banks in the city were used to process allegedly illicit funds linked to South Africa’s President, Jacob Zuma and the powerful Gupta family of businessmen. ( read original story ...)

The director of a Hong Kong-listed company and a bank manager from mainland China became the latest victims of phone scams in two separate cases earlier this week after losing more than HK$2.5 million to con artists posing as officers. At about 4pm on ... ( read original story ...)