Tag: ipo

Launched in 2000, the MPF covers 2.8 million workers and self-employed people in Hong Kong, but has come under regular criticism for charging high fees on top of poor investment returns. Struggling financial markets have not helped recently, with investors ... ( read original story ...)

HONG KONG -- Financial authorities here have intervened to buy 70.4 billion Hong Kong dollars ($8.96 billion) since April to prop up the currency, in effect tightening monetary policy in an economy particularly sensitive to U.S. interest rate moves. ( read original story ...)

In a bid to boost their technology ranks, recruiters at banks in Hong Kong now want to hire more tech professionals whose skills aren’t yet a complete match to the job desciption. Technology is now at the forefront of banks’ local headcount plans, but ... ( read original story ...)

In Hong Kong, the Hang Seng index dropped 1.0 percent to 30,909.01, while the Hong Kong China Enterprises Index lost 1.3 percent to 12,194.86 points. ** Investors were also cautious after U.S. President Donald Trump tempered optimism over progress made so ... ( read original story ...)

A financial professional has become Hong Kong’s biggest victim of internet romance scams, losing HK$14 million (US$1.8 million) to a con artist she had an online relationship with for eight years, police sources revealed, amid a surge in such cases this ... ( read original story ...)

A con artist who pretended to be a British film director has reportedly duped a Hong Kong woman out of HK$14 million (£1.3 million) in the city's biggest ever online romance scam. The victim of the eight year-long fraud was a manager at a Hong Kong ... ( read original story ...)

Finance-sector experience is no longer a must-have for getting a technology job at a large bank in Hong Kong. This year, banks are increasingly trying to poach tech professionals from outside the finance sector, according to 13 senior in-house recruiters ... ( read original story ...)

HSBC, Bank of China Hong Kong (BOC HK), Citi and many others have started offering rates as high as 2.7 per cent to lure deposits. Some analysts now believe zero rates for smaller depositors could soon become a thing of the past, at least for the ... ( read original story ...)

But the effects of bitcoin’s volatility and rising mining costs can be seen in the shops of Sham Shui Po, just a few kilometres from Hong Kong’s central business district, where the IPO has been filed. Businesses selling mining rigs there said demand ... ( read original story ...)

Having already seen four previous attempts at an IPO thwarted by the post 9/11 market gloom and the 2008 global financial crisis, PRADA, the Italian family-owned luxury goods and fashion powerhouse and its leaders were acutely aware that floating company ... ( read original story ...)

Haidilao International Holding, considered China’s most popular Sichuan-style hotpot restaurant chain, has filed to launch an initial public offering (IPO) in Hong Kong. Founded in 1994 by its current chairman Zhang Yong – a former welder and tractor ... ( read original story ...)

The outlook for Lenovo Group Ltd. shareholders is looking grimmer after the stock was dropped from Hong Kong’s benchmark stock gauge. The Beijing-based company will be replaced by CSPC Pharmaceutical Group Ltd., as part of Hang Seng Indexes Co.’s ... ( read original story ...)

Pedestrians cross a road in front of a Citigroup Inc. Citibank branch in the central business district of Hong Kong. Hong Kong’s securities regulator on Thursday fined an Asian unit of Citigroup Inc. C, -1.27% 57 million Hong Kong dollars (US$7.26 ... ( read original story ...)

Chong Hing Bank has set its eyes on China’s “Greater Bay Area” initiative, and will be hoping for looser regulation over Hong Kong banks doing business there, said Margaret Leung Ko May-yee, the bank’s deputy chairman and managing director. ( read original story ...)