South Korea’s Kospi gained 0.25 percent to close at 2,161.71. In Hong Kong, the Hang Seng index rose 2.22 percent in afternoon trade. Overall, the bias in prices is: Downwards. Note: this chart shows ... ( read original story ...)
AXA and HSBC launch new plan
AXA Hong Kong has collaborated with the Hongkong and Shanghai Banking Corporation to launch a new medical insurance plan for people up to 80 years old. The FirstCare Plus Medical Insurance provides fi... ( read original story ...)
Will Chinese Firms Succeed in Hong Kong?
“The Hong Kong IPO market is about to see significant change,” said Fu Siqi, a partner at Beijing-based Tian Yuan Law Firm, who oversees the firm’s Hong Kong practice. “The Chinese firms will take a l... ( read original story ...)
Goldman Sachs changes Asia investment banking leadership: memo
HONG KONG (Reuters) - Goldman Sachs Group Inc (GS.N) has named veteran banker Todd Leland as its investment banking head for Asia Pacific excluding Japan, according to an internal memo seen by ... ( read original story ...)
Hong Kong’s Tech Dreams Are Becoming a Nightmare
Hong Kong had already missed out on Alibaba Group Holding Ltd.’s IPO, the biggest in history, because Jack Ma and his team weren’t willing to give this up. The situation was clear: Allow dual-class li... ( read original story ...)
Hong Kong: HANG SENG INDEX (.HSI) Worth Watching
Hong Kong stocks also enjoyed a rebound on the day, with the Hang Seng Index HSI, +0.42% closing 0.4% higher, after falling almost 1% earlier. The index fell 1% for the week, ringing up its fourth str... ( read original story ...)
Week In Review: Innovent’s Hong Kong IPO: Raising $422 Million At $2 Billion Valuation
Innovent Biologics of Suzhou plans to raise $422 million in its Hong Kong IPO at a $2 billion valuation, according to multiple media reports (see story). The company, formed in 2011, struck a major $1 ... ( read original story ...)
Financial services a promising prospect
The financial services sector is one of Hong Kong's pillar industries. It contributes to about 18% of our GDP but accounts for only 7% of our total employment. So it is a high value-added industry. In ... ( read original story ...)
Hong Kong’s SFC Warns Against Fake Clone of Merrill Lynch
has issued a warning against Merrill Lynch International (HK) Limited, a fraudulent clone posing as Merrill Lynch, an international investment bank with a presence in 75 countries, according to an SFC ... ( read original story ...)
Bitfinex and Tether Secure New Banking Partnerships
Bitfinex and Tether recently announced new banking partnerships in Hong Kong and the Bahamas, respectively. Previously, both companies, who reportedly share the same management, were clients of the No... ( read original story ...)
RHB Investment issues new call warrants over HK-listed firms
KUALA LUMPUR: RHB Investment Bank Bhd, the investment banking arm of RHB Banking Group, has issued 10 new call warrants over some of the world’s biggest Hong Kong and China companies. They include Ten... ( read original story ...)
Hong Kong Investor Who Exposed `Enigma Network’ Sees Another
The list centers around China Huarong and China Minsheng Banking Corp., two companies that helped finance ... Almost all the stocks identified as being part of the network fell in Hong Kong trading af... ( read original story ...)
Hong Kong stocks come off lows amid hopes for China support
HONG KONG (Nikkei Markets ... on Friday provided verbal support to ease unrest in the markets. People's Bank of China Yi Gang said the central bank is studying some targeted measures to ... ( read original story ...)
Hong Kong has more millionaires than ever before but loses out to rival Singapore on average wealth
Rival finance hub Singapore crept into the top 10, the only Asian market to do so. The average person there boasts a net worth of US$283,120, higher than Hong Kong’s US$244,672, putting the city state ... ( read original story ...)