Tag: ipo

Sorrento Therapeutics Inc is among a few early-stage U.S. biotechs wary of being overlooked in a crowded New York stock market and looking at listing itself in Hong Kong as Asia’s financial center rolls out the red carpet with a drastic overhaul of ... ( read original story ...)

John Tsang Chun-wah, former Hong Kong financial secretary and chief executive aspirant in 2017, has embarked on a new chapter, one that he has promoted since his time in office – fintech investment. He was last week named vice-chairman of Ion Pacific, a ... ( read original story ...)

Political veteran John Tsang Chun-wah is travelling on a road of no return, embracing technology and youth ventures after losing his bid for Hong Kong’s top job to Carrie Lam Cheng Yuet-ngor last year. The former financial secretary, who unexpectedly ... ( read original story ...)

Hong Kong stock market closed ... limited ahead of major central bank policy meetings. The U. S. Federal Reserve, the European Central Bank and the Bank of Japan will all hold meetings this week. The Hang Seng Index rose 0.13%, or 39.36 points, to close ... ( read original story ...)

Customers wait to be served outside a restaurant next to a billboard of Meituan, a group-buying and takeout app, in Changzhou, Jiangsu province, July 17, 2016. [Photo/VCG] HONG KONG－Chinese mainland on-demand online consumer services platform Meituan ... ( read original story ...)

Jiangxi Bank Co., a commercial lender in eastern China, is seeking to raise as much as HK$7.79 billion ($993 million) in a Hong Kong initial public offering. The company is offering 1.17 billion shares at HK$5.94 to HK$6.66 apiece, according to a Hong Kong ... ( read original story ...)

John Tsang Chun-wah made a name for himself in Hong Kong for a few things: he tried and failed to become Hong Kong’s chief executive in 2017; he was one of the longest serving financial secretaries in Hong Kong’s history; and he presided over an ... ( read original story ...)

Chinese smartphone brand Xiaomi, en route for a blockbuster $10 billion initial public offering (IPO) in Hong Kong in the second half this year, will also become the first to sell Chinese depository receipts (CDRs) which allow investors in mainland China ... ( read original story ...)

An IPO would not only open Bitmain's books to the world, it would also allow the stock market to assign the company a value in real time. While Wu said he has no specific plans at the moment, he's open to a listing in Hong Kong — or in an overseas market ... ( read ...

LONDON (Reuters) - HSBC will invest $15-17 billion in the next three years in areas including technology and its core Asian markets of Hong Kong and China as it swings from a strategy of cost-cutting to growth, new Chief Executive John Flint said on Monday. ( read original story ...)

Flint also said Monday that HSBC wants to be a top-tier wealth manager in Asia, driven by China’s relaxation of local ownership rules. The Pearl River Delta, the manufacturing hub located just north of Hong Kong, is a key priority area for growth ... ( read original story ...)

HONG KONG (Reuters) - Standard Chartered plans to apply for “virtual banking” license in Hong Kong, the emerging market-focussed lender said on Monday, amid a rush by global banks to boost their digital presence to attract more young customers. ( read original story ...)

Hong Kong Monetary Authority executives and banking officials said during a media briefing on Monday. Hong Kong is Asia’s fourth largest bond issuance centre after Japan, mainland China and South Korea. Helen Wong Pik-kuen, chief executive for Greater ... ( read original story ...)

Standard Chartered plans to apply for a virtual banking licence in Hong Kong, the first global bank to announce its intention to do so and a sign the London-based emerging markets lender aims to launch a new banking business in the city. The introduction ... ( read original story ...)