It is not just the price of bitcoin that is causing worries. People close to the IPOs said regulatory scrutiny and a patchy performance by Hong Kong offerings this year were additional concerns. Julia... ( read original story ...)
China’s Best-Performing Bank Stock May Have More Room to Rise
Postal Bank is China’s best-performing financial stock this year, and analysts surveyed by Bloomberg say its shares could rise an average 26 percent from the current HK$4.55. “The valuation of Postal ... ( read original story ...)
Fast Asia Open: China industrial profits, Hong Kong trade data
Raphael Bostic, president of the Atlanta Fed, told the Financial Times that he believed the US was ... futures tip Sydney’s S&P/ASX 200 index and Tokyo’s Topix to open flat, while Hong Kong’s Hang Sen... ( read original story ...)
Hong Kong: HANG SENG INDEX (.HSI) shares fell on Friday morning
Hong Kong shares fell on Friday morning as a broadly strong week drew to an end, with traders given a negative lead from Wall Street while US-China trade talks ended with no breakthrough. The Hang Sen... ( read original story ...)
Week In Review: 3 More China Biopharmas Planning Hong Kong IPOs
Mabpharm Limited, a Taizhou biotech, will IPO in Hong Kong, the eleventh pre-revenue China biopharma to be approved to list there. Mabpharm is developing a portfolio of nine biosimilars, which it hope... ( read original story ...)
Fraudsters used ‘thousands’ of Hong Kong bank accounts to launder HK$4 billion in one year
Thousands of Hong Kong bank accounts have been used to collect and launder about HK$4 billion (US$500 million) by local and international fraudsters in the past year, since the city’s anti-fraud squad ... ( read original story ...)
Cosmos Bank: Rs 13.5 cr transferred to Macau in malware attack, says probe
“There were two types of fraudulent transactions carried out: One where cloned debit cards were used to withdraw Rs 80.5 crore, and the other in which a SWIFT transfer of Rs 13.5 crore was made from t... ( read original story ...)
How the Hong Kong Jockey Club exaggerates its charity
But a Financial Times analysis shows the club exaggerates its ... The annual donations — defined by Hong Kong law as payments made, not just pledged — were just HK$2bn, according to the annual report ... ( read original story ...)
BRIEF-BOC Hong Kong Says Liu Qiang Appointed As Non-Executive Director
Aug 24 (Reuters) - BOC Hong Kong Holdings Ltd: * LIU QIANG APPOINTED AS NON-EXECUTIVE DIRECTOR * LIN JINGZHEN APPOINTED AS NON-EXECUTIVE DIRECTOR Source text for Eikon: Further company coverage: ( read original story ...)
Meituan wins approval for Hong Kong IPO
Meituan-Dianping, China's largest on-demand online service provider, won approval from Hong Kong stock exchange for its initial public offering (IPO), multiple reports said. The company's IPO roadshow ... ( read original story ...)
Fraudsters use ‘thousands’ of Hong Kong bank accounts to launder HK$4 billion in one year
Thousands of Hong Kong bank accounts have been used to collect and launder about HK$4 billion (US$500 million) by local and international fraudsters in the past year, since the city’s anti-fraud squad ... ( read original story ...)
Andrew Leung, Hang Seng Bank
Mr Andrew Leung is the Chief Financial Officer and a member of Executive Committee of Hang Seng Bank. He is also a Director of ... Commerce and Internet Computing from the University of Hong Kong; Bac... ( read original story ...)
HK, Shanghai to boost financial ties
Secretary for Financial Services & the Treasury James Lau attended the 8th Working Meeting of Hong Kong-Shanghai Financial Co-operation in Hong Kong today. He co-hosted the meeting with Director-Gener... ( read original story ...)
HK, Shanghai hold meeting to enhance financial co-operation (with photos)
Representatives of the governments, financial regulators and exchanges of Hong Kong and Shanghai held the eighth Working Meeting of Hong Kong-Shanghai Financial Co-operation in Hong Kong today (August ... ( read original story ...)