Shandong International Trust Co has returned for a second attempt at a Hong Kong listing, refiling a draft prospectus six months after cancelling its $300m IPO. The China-based trust submitted its first A1 with the Hong Kong Stock Exchange in October 2016 ... ( read original story ...)
Citi has just hired one of HSBC’s top Hong Kong investment bankers
Citi has recruited an HSBC veteran to lead one of its key investment banking teams in Hong Kong. http://news.efinancialcareers.com/hk-en/291108/local-banks-hong-kong-jobs/ Veteran HSBC banker William Tang has moved to Citi as its new head of Asia consumer ... ( read original story ...)
Hong Kong exchange blocks Morgan Stanley, Li Ka-shing-backed IPO
The Hong Kong stock exchange has blocked an initial public offering by a financial services group backed by Morgan Stanley and Li Ka-shing because the Chinese state-owned brokers sponsoring the IPO filed a “substantially incomplete” prospectus. ( read original story ...)
Nine top corporate bankers you need to know in Hong Kong
Corporate banking is booming in Hong Kong. Here are some of the major players in the sector. http://news.efinancialcareers.com/hk-en/291616/bank-of-east-asia-hong-kong-universities/ Senior Hong Kong corporate bankers not only lead large teams of ... ( read original story ...)
ANZ hires HSBC director as head of China desk in Hong Kong
ANZ has hired one of HSBC’s leading Hong Kong corporate bankers, in a sign that Asian recruitment at the firm is starting to recover. http://news.efinancialcareers.com/hk-en/291616/bank-of-east-asia-hong-kong-universities/ ANZ has hired one of HSBC’s ... ( read original story ...)
Hang Seng Bank employees given more annual leave after strong company performance
More than half of Hang Seng Bank’s staff members in Hong Kong will be offered up to four more days of annual leave from next year, on the back of its strong business performance in the first half of this year. The bank announced on Wednesday that 4,500 ... ( read original story ...)
Comelec chief denies owning Hong Kong bank account
Commission on Elections (Comelec) chairperson Andres Bautista on Monday refuted allegations that he maintains an overseas bank account amounting to nearly HK$1 million. Valued at $948,358.97, the money allegedly deposited with the Hong Kong Shanghai ... ( read original story ...)
Tencent continues to dominate Hong Kong market, with eight days to go before it reports interims
Hong Kong stocks ended the midday session higher on Tuesday, mainly lifted by gains in major companies including Tencent and Geely Auto, while the mainland bourses remained flat. The Hang Seng Index added 0.1 per cent to 27,722 by the lunchtime break ... ( read original story ...)
Hong Kong Market Enjoys Positive Lead
Among the actives, Tencent Holdings surge d 2.95 percent, while China Mobile picked up 0.30 percent, CITIC spiked 2.51 percent, BOC Hong Kong climbed 1.15 percent, New World Development dropped 1.12 percent, China Resources Land gained 0.62 percent ... ( read original story ...)
UnionPay ATM withdrawals to come under closer scrutiny in Hong Kong, as they are in Macau
said ING Bank NV’s economist Iris Pang. “This is obviously to deter capital outflow from individuals using ATMs,” Pang said in Hong Kong. “This signals that the State Administration of Foreign Exchanges (SAFE) is still wary of capital outflow ... ( read original story ...)
Hong Kong shares boosted by techs, China financials and resource plays
SHANGHAI, Aug 7 (Reuters) - Hong Kong stocks posted modest gains on Monday, buoyed by strength in technology firms as well as Chinese resource and financial shares. The Hang Seng index ended up 0.5 percent at 27,690.36 points, while the China Enterprises ... ( read original story ...)
Signals are good for China Tower IPO
China Tower, which owns and manages the towers used by the country’s big three telecoms operators, is preparing for an initial public offering in Hong Kong. The company has hired China International Capital and Goldman Sachs to lead the IPO, which could ... ( read original story ...)
Chinese bank IPOs in Hong Kong underperform broad index
Of the six banks that have listed in Hong Kong in the past 16 months, all are underperforming the benchmark Hang Seng index. From their IPO prices, their shares have moved between a gain of 7.5 percent, in the case of Jilin Jiutai Rural Commercial Bank ... ( read original story ...)
China bank IPOs lose allure
Of the six banks that have listed in Hong Kong in the past 16 months, all are underperforming the benchmark Hang Seng Index. From their IPO prices, their shares have moved between a gain of 7.5 percent, in the case of Jilin Jiutai Rural Commercial Bank ... ( read original story ...)