HONG KONG (Feb 05) -- A-Living Services' initial public offering was priced at HK$12.30 apiece, slightly lower than the mid-point of an indicative range, according to a source familiar with the pricing details. The Chinese property management service ... ( read original story ...)
Hong Kong Exchanges and Clearing : Exchange Publishes Guidance Letters on Pricing Flexibility for IPOs and Placing Tranche Reallocation in IPOs
Listing applicants can use pricing flexibility mechanism to set price of shares in an IPO Listing applicants can move shares from placing to public subscriptiontranche under certain conditions other than those in the practice note that has the clawback ... ( read original story ...)
Investors readying for a surge in blockbuster China IPOs
Its biggest win and breakthrough came in 2014 when China's e-commerce giant Alibaba snubbed the Hong Kong Stock Exchange and chose to list on the big board. Alibaba's $25 billion IPO ranks as the largest in history. Typically, New York has offered higher ... ( read original story ...)
Shanghai Henlius Biotech Inc is reportedly planning its IPO offering
As Hong Kong is looking to overhaul its traditional IPO rulings in order to create further competition with New York, Shanghai Henlius Biotech is set to benefit from these changes. Bloomberg has reported that the company is looking to go public under the ... ( read original story ...)
Credit Suisse Fined $5 Million for Hong Kong Regulatory Breaches
In November, the regulator fined HSBC Holdings Plc’s private-banking unit a record HK$400 million over sales of structured products linked to Lehman Brothers Holdings Inc. in Hong Kong. “Credit Suisse has taken appropriate action to ensure that Credit ... ( read original story ...)
All Blacks Sevens team for HSBC New Zealand Sevens
Vancouver HSBC World Rugby Sevens Series, April 6-8, 2018: Hong Kong Commonwealth Games, April 13-15, 2018: Gold Coast HSBC World Rugby Sevens Series, April 28-29, 2018: Singapore HSBC World Rugby Sevens Series, June 2-3, 2018: London HSBC World Rugby ... ( read original story ...)
ASIA MARKETS: Hong Kong Stock Market Sinks Below 31,000 On Global Selloff
Social-media major Tencent Holdings, Hong Kong's most valuable company, tumbled 5.9%, heading for its lowest close since Jan. 2. London-headquartered HSBC Holdings lost 3.1% in what could be its worst day in nearly a year. Industrial & Commercial Bank of ... ( read original story ...)
HSBC named world’s top trade bank by Euromoney
In addition to recognizing HSBC as the world’s top trade bank, the survey also named it to be the leading trade bank in Latin America and the Middle East, as well as in 11 countries including the US, UK, UAE, India, Singapore, and Hong Kong. ( read original story ...)
Monetary authority issues guidelines for the launch of virtual banks in Hong Kong
Raymond Chan, the authority’s executive director for banking supervision, said virtual banks would treat their customers as fairly as conventional banks. In September, Norman Chan announced seven initiatives to help Hong Kong migrate to what he called a ... ( read original story ...)
Hong Kong’s benchmark stock index plunges in panic selling as Asia follows US market rout
The 40-member Hang Seng China Enterprise Index, which tracks the performance of Chinese companies listed in Hong Kong, fell 793.23 points, or by 5.9 per cent, to 12,686.60, led by China Construction Bank’s 7.7 per cent drop. “The market sentiment has ... ( read original story ...)
Hang Seng Index plunges 1,600 points amid ‘panic selling’, as fear sweeps city after US market rout
The Hang Seng China Enterprises Index lost 6.10 per cent, or 822.11 points, to 12,657.72, on course for its biggest drop in seven years, since falling 6.2 per cent in August 2011. “In Hong Kong ... and China Construction Bank lost 6.55 per cent to ... ( read original story ...)
StanChart prunes coverage, may cut investment banking jobs – sources
HONG KONG/LONDON (Reuters) - Standard Chartered Plc is looking to drive returns by boosting lending to key industrial sectors and top clients, in a move that could cut about a dozen investment banking jobs as it dials back in areas like private ... ( read original story ...)
Ashurst hires banking duo in HK from Fangda, A&O
Ashurst has boosted two banking and finance partners in Hong Kong: Eric Tan, who joins from Chinese firm Fangda Partners, and Daniel Lau, hired from Allen & Overy's Beijing office. Tan specialises in acquisition finance, cross-border lending, structured ... ( read original story ...)
Hong Kong market slammed for 1,000-plus point loss at the open, after US meltdown
Hong Kong stocks plunged by ... to 31,184.52 and the Hang Seng China Enterprises Index lost 3.64 per cent, or 490.53 points, to 12,989.30. All industries were down. In financials, China Construction Bank lost 4.44 per cent to HK$8.61, ICBC fell 4.03 ... ( read original story ...)