Tag: ipo

THE 45-year-old rising star executive running Commonwealth Bank’s finances has unexpectedly quit the lender to help run a cryptocurrency company in Hong Kong. Rob Jesudason, who took over the powerful role of chief financial officer last July on a salary ... ( read original story ...)

HONG KONG (Reuters) - China Tower, the world’s biggest operator of mobile phone towers, has applied to list its shares in Hong Kong in what could become the city’s second $10 billion offering this year. The company, formed in 2014 from the towers ... ( read original story ...)

The Hang Seng China Enterprises Index, which tracks Hong Kong-listed Chinese companies ... AIA Group rose 2.13 per cent to HK$74.35, China Construction Bank climbed 1.83 per cent to HK$8.35 and HSBC added 1.10 per cent to HK$78.40. The three shares ... ( read original story ...)

in 2016 in Hong Kong was taken up by cornerstones. Chinese regulators do not officially call them conerstone investors, but sources close to the Foxconn deal said they are similar to conerstones. Foxconn unit’s IPO, which would be the largest domestic ... ( read original story ...)

HONG KONG (Reuters) - HSBC Holdings Plc (HSBA.L) said on Monday it has performed the world’s first trade finance transaction using a single blockchain platform, in a push to boost efficiency in the multi-trillion-dollar funding of international trade. ( read original story ...)

Standard Chartered today raised its forecast for Hong Kong’s economic growth for this year and next year. The bank predicted gross domestic product to grow from 3.2 percent to 3.8 percent this year. It also revised upward its projection for next year ... ( read original story ...)

An ABC-TV Four Corners program about HSBC — the Hong Kong and Shanghai’s Banking Corporation’s reveals the scope of the global financial institution’s scandal-ridden operations. The French-TV made “Banksters” claims HSBC was the go-to bank for ... ( read original story ...)

New Delhi: Just months before the Nirav Modi scam tumbled out, Punjab National Bank (PNB) quietly recalled two employees, both internal auditors posted at the lender's Hong Kong and Dubai branches after they exposed a deep rot within its banking system. ( read original story ...)

Hong Kong stocks continued where they left off last week, extending gains on Monday, propelled by Chinese lenders, after the Chinese central bank released stronger-than-expected figures on new yuan loans and total fundraising for April, indicating credit ... ( read original story ...)

Those looking for the crypto sector’s equivalent of Goldman Sachs and Morgan Stanley might soon find it in the newly-launched Clipper Coin Capital. Crypto investment bank and asset management firm, Clipper Coin Capital, is expected to debut on May 14 ... ( read original story ...)

Amy Chang, a Hong Kong-based spokeswoman for Deutsche Bank, confirmed the contents of the speech. Still, the CEO’s remarks may do little to assuage employees in Asia who are concerned about the impact of the global overhaul on their careers. Anxiety is ... ( read original story ...)

HONG KONG/BEIJING (Reuters) - China’s central bank will maintain its neutral monetary policy and keep liquidity and credit growth largely steady while keeping the yuan currency basically stable, it said on Friday. The central bank’s surprising cut in ... ( read original story ...)

The following is issued on behalf of the Hong Kong Monetary Authority: The Hong Kong Monetary Authority (HKMA) wishes to alert members of the public to a press release issued by DBS Bank (Hong Kong) Limited on fraudulent website and phishing e-mail, which ... ( read original story ...)

HONG KONG (Reuters) - HSBC Holdings Plc (HSBA.L) said on Monday it had performed the world’s first trade finance transaction using blockchain technology, a major step in boosting efficiency and reducing errors in the multi-trillion-dollar funding of ... ( read original story ...)