Fosun International (00656.HK) is looking to raise up to US$548 million with the IPO of its Club Med holiday business in Hong Kong, as it seeks funds to grow its business in China, Reuters reports. Fo... ( read original story ...)
Hong Kong to license first online-only insurer in fintech push
As part of Hong Kong's fintech push, the banking regulator is also expected to issue the first batch of licences to online or "virtual" banks by end of this year, people familiar with the mater have s... ( read original story ...)
Hong Kong Fintech Oriente Secures $105 Million Through Initial Funding Round
Oriente, the Hong Kong-based financial services and technology company, announced earlier this week it secured $105 million through its initial funding round. The round included investment from the fo... ( read original story ...)
HK to license first online-only insurer amid fintech rivalry
As part of Hong Kong's fintech push, the banking regulator is also expected to issue the first batch of licences to online or "virtual" banks by the year end, people familiar with the matter have said ... ( read original story ...)
BOC Hong Kong : BOCHK launches BOC Hong Kong Airlines Visa Card
As Low as HK$3 for One FWC Point, Extra Fun for Young Travel Lovers The launch ceremony was held today on the 70th floor of Bank of China Tower. Officiating guests included Mrs Ann Kung, Deputy Chief ... ( read original story ...)
Does Hong Kong’s proposed suspension rule give regulators enough teeth to eject errant firms?
Hong Kong Exchanges and Clearing (HKEX) is collecting views from the marketon its proposal that could lead to a company being suspended from trading if the auditor gives an adverse opinion or if there ... ( read original story ...)
Credit reporting agency TransUnion forced to suspend online services over personal data security flaw as Hong Kong leader urges fix
The Hong Kong arm of American consumer credit reporting agency TransUnion was forced to suspend its online services on Thursday after a local newspaper was easily able to access the personal data of t... ( read original story ...)
Hong Kong to license 1st online-only insurer in fintech push
The online platform will operate in a market worth more than $63 billion in insurance premiums, and will compete with players such as AIA Group and the local units of Prudential Plc and Sun Life Finan... ( read original story ...)
China’s Fosun launches up to $547 million Club Med IPO in Hong Kong
HONG KONG (Reuters) - Fosun International (0656.HK) is looking to raise up to $547 million with the IPO of its Club Med holiday business in Hong Kong, as it seeks funds to grow its business in China b... ( read original story ...)
Anxious Hong Kong bankers brace for 50% bonus cuts
Your M&A bonus in Hong Kong also depends on which bank you work for. Goldman Sachs and JP Morgan bankers are likely to escape the worst of the downward trend in M&A bonuses, says a Hong Kong ... ( read original story ...)
Hong Kong insurance policies regain sparkle among mainland investors as yuan weakens
A weaker yuan and the new high-speed rail link brought more mainlanders to Hong Kong to buy life and health policies in the last quarter, a trend that local insurers expected to continue over the foll... ( read original story ...)
Hong Kong finance sector M&A deals fall prey to China crackdown
HONG KONG (REUTERS) - Mergers and acquisitions targeting Hong Kong financial firms have slumped this year, with insurance sector deals particularly hard hit, as China's moves to tighten capital contro... ( read original story ...)
Club Med owner scales back Hong Kong IPO plan by nearly half amid downbeat mood
Fosun Tourism Group, owner of the French holiday resort chain Club Med, has cut the size of its Hong Kong initial public offering by almost half amid a slumping market and a surge in new share offerin... ( read original story ...)
Chinese Banks Are Hiring People to Manage $930 Billion of Wealth
A top-20 Asian private bank operated by BOC Hong Kong (Holdings) Ltd., the overseas subsidiary of China’s fourth-largest lender, has about 120 relationship managers and wants to boost headcount by at ... ( read original story ...)