Tag: ipo

The Hong Kong government is about to complete a study on imposing a vacancy tax on developers who hoard empty flats, Financial Secretary Paul Chan Mo-po said during a legislative meeting on Monday. It is not clear when officials will reveal the research ... ( read original story ...)

BOC Hong Kong dropped 1.14 percent, Sino Land jumped 0.88 percent, China Mobile climbed 0.79 percent, China Life advanced 0.68 percent, WH Group shed 0.62 percent, Pin An Insurance collected 0.59 percent, Hong Kong & China Gas added 0.35 percent ... ( read original story ...)

Still, the prize will be worthwhile. HSBC Holdings Plc, Standard Chartered Plc and Bank of China (Hong Kong) Ltd., the city’s three note-issuing banks, can’t take their stranglehold on deposits for granted. Not when the new virtual lenders are being ... ( read original story ...)

The order is worth $845 million at current list prices and pushes the Singapore-based Bank of China aviation affiliate's total orders for Dreamliners to 14, BOC said in a filing with the Hong Kong Stock Exchange. The deal supports Boeing's decision to ... ( read original story ...)

The boss of a Hong Kong film prop company has been given a suspended sentence after being convicted of keeping some 200,000 fake bank notes labelled “props” used in the award-winning crime thriller Trivisa. Cheung Wai-lun, the person in charge of Wai ... ( read original story ...)

An underdeveloped service sector and rivalry between Hong Kong and Guangdong cities could hamper efforts to turn southern China’s “Greater Bay Area” into a tech and finance hub to rival those in Japan and the US, a veteran pro-establishment lawmaker ... ( read original story ...)

On the eve of what could possibly be the world’s biggest initial public offering this year, has the fizz gone out of Hong Kong’s market? Of the 87 companies that raised funds in the city this year, 53 per cent of the total traded at prices below their ... ( read original story ...)

Chinese smartphone maker Xiaomi Corp submitted its IPO application in Hong Kong in early May. It was widely expected that the company will list in late June at the earliest and become the first Hong Kong-listed company with dual-share class structure. ( read original story ...)

Bank of China (BoC) arranged another innovative transaction in the market with the Hong Kong branch pricing on 31 May 2018 the first ever sustainability bond by a Chinese issuer amounting to HK$3 billion (US$384.60 million). At the same time, the BoC ... ( read original story ...)

When US insurer AIG fell into trouble at the peak of the financial crisis in 2008, Cheung took measures to limit any impact on Hong Kong’s almost 2 million policyholders, including banning the local unit, AIA, from shifting any money to the US parent ... ( read original story ...)

For Blancpain, 2018 marks the special anniversary of not one but two momentous occasions in the Swiss watchmaker’s history: the 65th anniversary of the iconic Fifty Fathoms model, and the 15th anniversary of the Blancpain Ocean Commitment (BOC ... ( read original story ...)

BOC Hong Kong added 0.77 percent, WH Group skidded 0.74 percent, Ping An Insurance gained 0.65 percent, China Mobile shed 0.21 percent and Hong Kong & China Gas was up 0.12 percent. The lead from Wall Street is weak as stocks moved mostly lower on Thursday ... ( read original story ...)

Hong Kong’s most senior financial official was in Dublin on Thursday to cement trading ties between the two jurisdictions and showcase the opportunities for Irish firms in Asia’s financial hub. Hong Kong’s financial secretary Paul Chan Mo-po met with ... ( read original story ...)

A Hong Kong government official has stated that there are no plans to issue a central bank digital currency, as the existing payment systems work just fine. Hong Kong will not currently issue a central bank digital currency (CBDC), citing the existence of ... ( read original story ...)