HSBC’s fresh $2bn buyback pledge affirms turnround story

HSBC has announced a $2bn share buyback in 2017 ... Mr Gulliver said that interest rates in Hong Kong were lagging behind those in the US and that he expected them to catch up in the second half of the year, generating “another great, substantial ... ( read original story ...)

Saudi Aramco IPO Pits London Against New York

This close involvement could work in favor of a listing in Hong Kong, home to China’s biggest bourse that accepts IPOs by companies based in other countries. China Investment Corp., the nation’s sovereign wealth fund, could take part in an Aramco ... ( read original story ...)

Baidu competitor says to focus on AI as it plans U.S. IPO

HONG KONG (Reuters) - China's second-largest mobile search engine ... Sogou declined to comment on the possible size of the IPO. Wang told Bloomberg in an interview in January that Sogou was targeting a valuation of $5 billion. Sogou merged with Tencent's ... ( read original story ...)

Cox: Snap’s IPO may benefit investors after all

NEW YORK (Reuters Breakingviews) - Snap's messages may disappear, but one thing could yet endure from its calamitous initial public offering: an incentive to ... unlike big counterparts in London and Hong Kong, provide few restrictions on companies wanting ... ( read original story ...)

Fortune China 500 list goes public

Sogou, China’s second largest mobile search engine, has filed documents for a possible initial public offering in the United States ... the report added. Hong Kong’s second-hand private residential property index rose to 336.1 in July this year ... ( read original story ...)

Tian, 57, tipped for top post at CCB

Chen Siqing, BOC's current president [Photo/VCG] The nominations will go through the approval process at the boards of directors of the two banks, both of which are listed in Shanghai and Hong Kong. Tian has extensive experience in the Chinese financial ... ( read original story ...)

Connect cash spurs HK markets

Market turnover reached HK$103.2 billion, the highest since June 9. Shares of Standard Chartered (2888) and BOC Hong Kong (Holdings) (2388) surged. Shares of Standard Chartered jumped to a two-year high of HK$88.90 in afternoon trading and closed at HK$88 ... ( read original story ...)