ZhongAn jumps in Hong Kong debut after $1.5bn IPO

HONG KONG (Nikkei Markets) -- ZhongAn Online P&C Insurance jumped as much as 18% on its stock exchange debut on Thursday, as investors bet on the prospects of China's largest online insurer backed by marquee investors including billionaire Jack Ma. ( read original story ...)

LIVE BLOG: Fed Fines HSBC $175 Million in Forex Fallout

Hong Kong's Hang Seng and the Shanghai Composite both closed trading ... The Federal Reserve handed down a $175 million fine to HSBC Holdings PLC (HSBC) for "unsafe and unsound practices" in its foreign exchange trading business. HSBC was fined for failing ... ( read original story ...)

Hong Kong regulator’s no phoney for banking plans

The Hong Kong Monetary Authority (HKMA) has unveiled a number of initiatives as it looks to improve the region’s use of payments, APIs and innovation. In a speech delivered during the Annual Banking Conference of the Hong Kong Institute of Bankers ... ( read original story ...)

Asia-Pacific has dominated IPOs globally this quarter

Stock exchanges in greater China saw a total of 144 companies listed in the third quarter, making up 44 percent of global IPOs, according to EY. Hong Kong saw 37 IPOs, compared with 56 on the Shanghai Stock Exchange and 51 on the Shenzhen Stock Exchange's ... ( read original story ...)

‘Smart Banking’ upgrade is a must, Norman Chan says

The upgrading of our banking system to a new and higher level of Smart Banking is not just something nice-to-have but a must, the Hong Kong Monetary Authority (HKMA) chief executive Norman Chan Tak-lam, (pictured), said, adding that banking and technology ... ( read original story ...)

Third wheel

Shares in ZhongAn Online P&C Insurance, China’s first online-only insurer, jumped more than 18 percent in early trade in Hong Kong on Sept ... ABC International, BOC International, CICC, ICBC International, Morgan Stanley and Ping An of China Securities ... ( read original story ...)

Hit IPO undercuts the case for new Hong Kong board

HONG KONG, Sept 28 (Reuters Breakingviews ... Credit Suisse, CMB International, JP Morgan and UBS were joint sponsors and global coordinators. ABC International, BOC International, CICC, ICBC International, Morgan Stanley and Ping An of China Securities ... ( read original story ...)