The online platform will operate in a market worth more than $63 billion in insurance premiums, and will compete with players such as AIA Group and the local units of Prudential Plc and Sun Life Finan... ( read original story ...)
China’s Fosun launches up to $547 million Club Med IPO in Hong Kong
HONG KONG (Reuters) - Fosun International (0656.HK) is looking to raise up to $547 million with the IPO of its Club Med holiday business in Hong Kong, as it seeks funds to grow its business in China b... ( read original story ...)
Anxious Hong Kong bankers brace for 50% bonus cuts
Your M&A bonus in Hong Kong also depends on which bank you work for. Goldman Sachs and JP Morgan bankers are likely to escape the worst of the downward trend in M&A bonuses, says a Hong Kong ... ( read original story ...)
Hong Kong insurance policies regain sparkle among mainland investors as yuan weakens
A weaker yuan and the new high-speed rail link brought more mainlanders to Hong Kong to buy life and health policies in the last quarter, a trend that local insurers expected to continue over the foll... ( read original story ...)
Hong Kong finance sector M&A deals fall prey to China crackdown
HONG KONG (REUTERS) - Mergers and acquisitions targeting Hong Kong financial firms have slumped this year, with insurance sector deals particularly hard hit, as China's moves to tighten capital contro... ( read original story ...)
Club Med owner scales back Hong Kong IPO plan by nearly half amid downbeat mood
Fosun Tourism Group, owner of the French holiday resort chain Club Med, has cut the size of its Hong Kong initial public offering by almost half amid a slumping market and a surge in new share offerin... ( read original story ...)
Chinese Banks Are Hiring People to Manage $930 Billion of Wealth
A top-20 Asian private bank operated by BOC Hong Kong (Holdings) Ltd., the overseas subsidiary of China’s fourth-largest lender, has about 120 relationship managers and wants to boost headcount by at ... ( read original story ...)
Financial M&As slump in HK
Mergers and acquisitions targeting Hong Kong financial firms have slumped this year. Two insurance firms have called off Hong Kong deals worth a combined US$1.4 billion (HK$10.9 billion), with sources ... ( read original story ...)
Hong Kong: HANG SENG INDEX (.HSI) traders bank on the chance of a US-China trade detente from the G20 meeting
The Hang Seng Index rose 1.3 per cent and the Shanghai Composite Index added 1.1 per cent for the first gain in five days. Tencent Holdings gained the most in almost two weeks in Hong Kong, while tele... ( read original story ...)
M&A deals in HK finance sector fall prey to China crackdown
HONG KONG • Mergers and acquisitions (M&A) targeting Hong Kong's financial firms have slumped this year, with insurance sector deals particularly hard hit, as China's moves to tighten capital controls ... ( read original story ...)
“You bring the donuts to work”: inside the new top tech jobs at HSBC in Hong Kong
If you needed any evidence of HSBC’s rampant technology recruitment in Hong Kong here it is: more than one in five (22%) of the firm’s local vacancies are in tech and digital banking ... ( read original story ...)
Hong Kong: HANG SENG INDEX (.HSI) investors mulled the pending G-20 meeting
The Hong Kong Hang Seng Index traded evenly and fell slightly on Tuesday, shrugging off positive Wall Street cues as investors mulled the pending G-20 meeting and the prospects for higher interest rat... ( read original story ...)
Hong Kong and China stocks end higher on US-China trade detente hope, interest rate outlook
Hong Kong and China’s stocks both advanced on Wednesday, as traders bank on the chance of a US-China trade detente from the G20 meeting and a pause in raising borrowing costs by the Federal Reserve. T... ( read original story ...)
DEALTALK-Hong Kong’s finance sector M&A deals fall prey to China crackdown
HONG KONG, Nov 28 (Reuters) - Mergers and acquisitions targeting Hong Kong financial firms have slumped this year, with insurance sector deals particularly hard hit, as China's moves to tighten capita... ( read original story ...)