HIGHLIGHTS * BME : RBC raises to sector perform from underperform * HSBC Holdings Plc : Credit Suisse cuts to underperform ... HSBC Holdings Plc : Credit Suisse raises target price to HK$62.90 from HK$61.00 * HSBC Holdings Plc : Credit Suisse ... ( read original story ...)
How Hong Kong can maintain a competitive edge in fintech development
Hong Kong is a well-known international financial centre, and financial technology is one of the major trends affecting the global financial community. Two weeks ago, the Hong Kong Monetary Authority outlined a plan to launch an enhanced fintech supervisor ... ( read original story ...)
GT : DISCLOSABLE TRANSACTION IN RELATION TO PROVISION OF FINANCIAL ASSISTANCE
(Incorporated in Hong Kong with limited liability) The Board is pleased to announce that on 10 October 2017, the Loan Agreement was entered into between Global Wealth Finance as lender and the Borrower as borrower pursuant to which, Global Wealth Finance ... ( read original story ...)
BRIEF-United Laboratories International signs facility agreement with China Development Bank Hong Kong
* Entered facility agreement with China Development Bank Hong Kong for HK$300 million and HK$200 million term loans Source text for Eikon: Further company coverage: Our Standards:The Thomson Reuters Trust Principles. ( read original story ...)
Chinese Animation Platform Bilibili Eyeing U.S. IPO (Report)
Baidu-owned iQIYI has indicated that it will seek a U.S. share listing with a possible value of $8 billion. Moving in the opposite direction, STX Entertainment is looking at a listing in Hong Kong. ( read original story ...)
IDC Financial Insights Unveils 10 Fast Growing FinTechs for Hong Kong in 2017
IDC Financial Insights unveiled a list of 10 fast growing fintechs in Hong Kong as part of the broader FinTech 101 list for Asia/Pacific. “IDC’s FinTech Fast 101” refers to the fast-growing fintech players in Asia/Pacific based on extensive on-ground ... ( read original story ...)
Hong Kong | Regulators want ID requirements for cross-border trading
Hong Kong financial regulators are seeking to introduce an identification program for investors trading stocks on the mainland, the Financial Times (FT) reported, citing an HKSAR legislator. The proposed regulation will require investors to register their ... ( read original story ...)
ZhongAn’s resounding success likely to lure other mainland and regional fintechs to Hong Kong for listing
The huge success of an online insurer’s recent initial public offering (IPO) in Hong Kong is likely to lure more mainland and regional industry peers in search of funding, according to analysts. Shares in ZhongAn Online Property & Casualty Insurance ... ( read original story ...)
Hong Kong Bourse May Extend Monday’s Losses
BOC Hong Kong fell 0.39 percent, New World Development dipped 0.35 percent and Hong Kong & China Gas was unchanged. The lead from Wall Street suggests mild consolidation as stocks showed a lack of direction on Monday before ending slightly lower. ( read original story ...)
Why China’s latest bank reserve ratio cut comes with strings attached
Larry Hu, chief China economist at Macquarie Securities in Hong Kong, said the PBOC had been held hostage to the market’s view that a broad reserve ratio cut equated to loosening, making the central bank reluctant to use the tool. Hu said there were good ... ( read original story ...)
Hang Seng Bank (0011) Declines -0.99% on Oct 9
Hang Seng Bank together with other companies found their audience at this market. This is mainly the reason behind the region’s fast-paced economic growth. In terms of market capitalization, the Stock Exchange of Hong Kong (SEHK) is the third largest ... ( read original story ...)
Honda Aircraft Company Expands HondaJet Sales to China, Hong Kong and Macau
Hong Kong and Macau. "The HondaJet has been received with tremendous interest in and around China and we have appointed Honsan General Aviation HondaJet as a dealer in the region. With its strong focus on quality and customer service, Honsan General ... ( read original story ...)
Financial Services Quarterly Report – Third Quarter 2017: Hong Kong SFC Issues Clarification on Standards Expected of Asset Managers
The Hong Kong Securities and Futures Commission (SFC) recently released a circular outlining its views on how asset managers should address certain conflicts of interest between private funds and separately managed accounts and avoid practices that ... ( read original story ...)
Chinese Consumer Credit Provider Qudian Aims For $769 Million IPO
The IPO represents a BUY opportunity for investors who want to ... Mr. Yeung also currently serves as a director of Bumps to Babes Limited, a baby and maternity retail store chain in Hong Kong. Prior to joining Qudian, Mr. Yeung was a co-founder of ... ( read original story ...)