Sichuan Energy, China Boqi seek HK IPO approvals

Sichuan Energy Investment Development Co is looking to list on the Hong Kong Stock Exchange ... the sole sponsor of the IPO. Sichuan Energy operates in Yibin city, in China’s Sichuan province. It has a vertically integrated model, with a full power ... ( read original story ...)

Haitong UniTrust, Bestway eye October end for IPOs

Haitong UniTrust is preparing for a late October or early November launch of its potential $500m Hong Kong listing, according to a banker ... the China Securities Regulatory Commission for the IPO. It expects to get the go-ahead from the regulator in ... ( read original story ...)

Hong Kong Bourse Due For Profit Taking

BOC Hong Kong shed 0.78 percent, Hong Kong and China Gas added 0.54 percent, CNOOC gained 0.40 percent, New World Development was up 0.35 percent, Industrial and Commercial Bank of China added 0.16 percent and China Petroleum and Chemical (Sinopec ... ( read original story ...)

Hong Kong’s Jacobson Pharma Raises $64 Million For M&A

Currently, Jacobson's business involves traditional Chinese medicines for the Hong Kong market. One year ago, Jacobson completed an $85 million IPO on the Hong Kong exchange, 45% of which was earmarked for strategic acquisitions. ( read original story ...)

HSBC Traders Used Code Word to Trigger Front-Running, U.S. Says

With just four words, Mark Johnson allegedly passed a secretive signal to fellow HSBC Holdings Plc currency traders to launch ... in which Johnson allegedly tipped off a trader in Hong Kong. That signal eventually reached others on both sides of the ... ( read original story ...)

HSBC, Hang Seng back down on cash deposit machine disputes

Two customers who suffered a combined loss of HK$20,000 from malfunctioning cash deposit machines (CDMs) operated by HSBC and Hang Seng Bank got their money back. The two said the banks at first refused to make compensation or allow them to review CCTV ... ( read original story ...)

Secret code set in motion HSBC’s currency scheme, US says

US District Judge Nicholas Garaufis ruled today the jury can listen to the recordings, in which Johnson allegedly tipped off a trader in Hong Kong. That signal eventually ... a US$8 million profit for his bank. HSBC was hired by Cairn to convert the ... ( read original story ...)

How To Get Declined For Your HK Bank Application

Want to get declined for your bank account application in Hong Kong? Then you’re in the right place! Of course you don’t want to get rejected when applying for your Hong Kong business bank account, but today I want to have some fun and give you some ... ( read original story ...)

Why Taiwanese corporates flock to A/H share markets for IPOs

Since June of 2016, seven Taiwanese companies have completed debut IPOs in mainland China and Hong Kong, raising a combined total of US$438.78 million. To put into perspective, this is over half the amount raised through IPOs on the Taiwan Stock Exchange ... ( read original story ...)

Money Forward Launches $500M IPO, Gets Investors Excited

Although becoming the first fintech company to launch an IPO in Tokyo, Money Forward is not the only Asian fintech startup to go public lately. Last week, a Chinese insurance platform, ZhongAn Online P&C Insurance, debuted on Hong Kong stock exchange ... ( read original story ...)