Hang Seng Bank today launched a one-year fixed-rate mortgage promotion that offers a one-year fixed mortgage rate of 1.68% per annum. The subsequent mortgage rate will be the Hong Kong InterBank Offered Rate (HIBOR) plus 1.3% per annum, capped at Prime ... ( read original story ...)
Hong Kong woos Indian investment in financial services, ICT
Investment from India in Hong Kong reached HK dollar 12.5 billion at the end 2016, an increase of about 17 per cent year-on-year. NEW DELHI: Seeking investments from India, Invest Hong Kong today said sectors such as financial services, tourism and ICT ... ( read original story ...)
Foxconn to use proceeds from unit’s Shanghai IPO to fund $4 billion projects
HONG KONG (Reuters) - Taiwan's Foxconn ... China International Capital Corporation is the sponsor and lead underwriter for the IPO. FII made a net profit of 16.2 billion yuan in 2017, according to the filing, representing a compounded annual growth ... ( read original story ...)
OneForce To Raise Up To $11.8 Million In Hong Kong IPO
HONG KONG (Feb 12) -- China's OneForce Holdings on Monday said it expects to raise up to HK$92.2 million ($11.8 million) in gross proceeds from an initial public offering in Hong Kong. The electric power industry-focused information technology service ... ( read original story ...)
After retiring from HSBC Group, CEO Stuart Gulliver plans a three-month sailing trip
Later this month, HSBC Group CEO Stuart Gulliver will step down from his role ... “In truth, I will retire in HK (Hong Kong) at about 80,” Gulliver said in response. Is that a clue to what’s next? ( read original story ...)
HR Job moves from Hang Seng Bank, Sino Jet and many more
Here are the major promotions and job moves in the world of HR for this week from Hong Kong. If you’ve been promoted or if ... talent acquisition and onboarding at the bank with effect in February. Previously she was a recruitment specialist at ... ( read original story ...)
Hong Kong stocks end at five-week low led by property shares
The three biggest H-shares percentage decliners were China Citic Bank Corp Ltd which was down 5.45 ... So far this week, the market capitalisation of the Hang Seng index has fallen by 6.44 percent to HK$20.01 trillion. ** The short and one-factor leveraged ... ( read original story ...)
HSBC: One rate adjustment enough for BSP
Hong Kong-based Frederic Neumann, managing director and cohead of Asian economic research at HSBC, said in a press chat on Friday that despite heightened jitters in the past few weeks, inflation rate in the Philippines could average at 3.7 percent this ... ( read original story ...)
Global Markets Summer Analyst – Hong Kong – November/2017 – HSBC
For those on WSO with some entrepreneurial spirit- this is a guest post/syndication from Dan Andrews of tropicalmba.com- an entrepreneur who I have a lot of respect for and have a learned a ton from over the last few years from via his blog/podcasts. ( read original story ...)
Tencent-backed We Doctor scales up to prepare for planned Hong Kong IPO
We Doctor, the Tencent-backed Chinese online healthcare services firm, has completed internal business integration (in Chinese) and scaled up its four verticals—medical cloud, healthcare, medicine, and insurance. The company is also raising $500 million ... ( read original story ...)
Sink or swim. Hong Kong lenders must get smart with virtual banks as fintechs snap at their heels
As one of the premier international financial centres in the world, Hong Kong has a well-established and developed banking system. But despite the size of the financial industry and the presence of branches in every corner, customers are among the least ... ( read original story ...)
Xiaomi gains HK users’ trust ahead of potential IPO
That should help the company bolster its brand exposure and help clear the way for an initial public offering later this year. Xiaomi has been steadily developing in the Hong Kong market since it opened its first Mi Home in Mong Kok in September 2015. ( read original story ...)
Can Hong Kong’s regulator help out-of-pocket shareholders collect on Qunxing’s fraud penalty?
Qunxing Paper Holdings, a Chinese printing company that was kicked off the Hong Kong stock exchange last year for fraud, has been ordered to compensate the 27,000 investors who have invested in it since its 2007 initial public offering, closing the final ... ( read original story ...)
It pays Hong Kong to welcome hi-tech companies
As the Hong Kong stock exchange rued the one that got away, praise for honouring a principle was cold comfort for the loss of what remains the world’s biggest tech initial public offering. We are referring of course to the US$25 billion listing of ... ( read original story ...)