Tag: ipo

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 ...)

The Hong Kong Monetary Authority (HKMA), the region's de facto central bank, currently has no plan to issue a central bank digital currency (CBDC), a high-level government official said on Wednesday. During a council meeting with legislators in Hong Kong ... ( read original story ...)

Hong Kong top securities watchdog has slapped a hefty HK$3 million (US$382,200) fine on Hang Seng Bank’s investment arm for failing to meet regulatory requirements on the management of cash within its funds. It’s Hang Seng Investment Management’s ... ( read original story ...)

Following the completion of a public consultation, the Hong Kong Monetary Authority (HKMA) on Wednesday published a revised “Guideline on Authorization of Virtual Banks”, saying it expects to receive applications for virtual bank licenses by August 31. ( read original story ...)

Strong regulatory support from MAS buoyed the lion city to score the APAC crown. Singapore easily beat Hong Kong and Australia in its readiness for open banking, according to a report by the International Data Corporation. The report assesses a country's ... ( read original story ...)

Hong Kong’s monetary authority is moving to issue its first batch of virtual bank licenses as soon as the end of this year in a push to tap into smart banking and fintech expansion. The Hong Kong Monetary Authority, the special administrative region’s ... ( read original story ...)

The Hong Kong Government has made it clear that it has no plan to issue official Digital Currency at present but will continue to explore the possibilities. This was stated by Joseph Chan, Acting Secretary for Financial Services and the Treasury, in the ... ( read original story ...)

The Hong Kong Monetary Authority (HKMA) has received more than 50 expressions of interest for virtual banking licenses, which require a minimum capital of HK$300 million. However, the central bank has rejected a recommendation from a public consultation ... ( read original story ...)

Chinese conglomerate HNA Group's Hong Kong Airlines is considering an initial public offering in the "short to medium term" and tapping investors to raise funds through the issue of new shares and convertible bonds, a document reviewed by Reuters shows. ( read original story ...)

Hong Kong Airlines, a unit under China's HNA Group, is raising funds ahead of a planned initial public offering, according to a document reviewed by Reuters. The airline tried to go public a few years ago, but eventually abandoning those plans in 2015 ... ( read original story ...)

Lawyers for a division of Hong Kong’s largest bank hit back on Wednesday at accusations ... Barrister Paul Girolami QC, for HSBC International Trustee, made his rebuttal a day after lawyers for the widow of late tycoon Lo Ying-shek, a co-founder of ... ( read original story ...)

More than 50 companies from across the world have expressed interest in applying for virtual bank licences, with Hong Kong Monetary Authority setting August 31 as the deadline for receiving applications for the first batch of purely online banks. ( read original story ...)