has lined up $1.4 billion from 10 cornerstone investors for its Hong Kong IPO of up to $8.7 billion, in what would be the world's biggest listing in four years, five people close to the deal told Reut... ( read original story ...)
Hong Kong: HANG SENG INDEX (.HSI) traders shrug off trade talk
Hong Kong stocks ended higher on Friday, as a sharp rebound in mainland Chinese stocks lifted sentiment. The Hang Seng index ended 0.8 percent higher at 28,224.48, while the China Enterprises Index cl... ( read original story ...)
China Tower Is Said to Draw Hillhouse, Alibaba to Hong Kong IPO
China Tower Corp., the state-owned wireless infrastructure operator, has attracted Hillhouse Capital and a unit of Alibaba Group Holding Ltd. as investors in its planned Hong Kong initial public offer... ( read original story ...)
Hong Kong: HANG SENG INDEX (.HSI) shares drop, led by airlines
China Southern Airlines and other carriers tumbled as the yuan slid to the lowest level in 12 months after the central bank lowered the reference rate ... The last signal was a buy 9 period(s) ago. HA... ( read original story ...)
Virtual banking is set to shake up Hong Kong
Hong Kong is getting ready for the arrival of virtual banks, for which all transactions will be online. The city's financial authority could issue the first licenses as early as this year. Tough regul... ( read original story ...)
HKMA publishes OPI framework for Hong Kong’s banking industry
Hong Kong Monetary Authority (HKMA), Hong Kong’s de facto central bank and currency board, has released the open application programming interface (API) Framework for the country's banking sector. The ... ( read original story ...)
Hong Kong’s Banking Sector to Get a Blockchain Platform by September
The Hong Kong Monetary Authority, the region’s currency board and central bank, is set to launch a live blockchain-based trading platform in September. The banking project is backed by HSBC, Bank of C... ( read original story ...)
Jim Rogers-backed ITF to miss August deadline for virtual bank licence in Hong Kong
ITF, a fintech company backed by US veteran investor Jim Rogers, plans to apply for a virtual bank licence in Hong Kong, but will not rush to meet the first application deadline on August 31. The fint... ( read original story ...)
Allahabad Bank proposes to close its Hong Kong branch
Kolkata, July 20 (IANS) State-run lender Allahabad Bank on Friday said it proposes to close its branch in Hong Kong as a part of rationalisation of overseas operations. Incidentally, the Hong Kong Mon... ( read original story ...)
Allahabad Bank to close lone foreign branch in Hong Kong
State-owned Allahabad Bank today said it proposes to close its only foreign branch in Hong Kong as part of rationalisation of its overseas operations. State-owned Allahabad Bank today said it proposes ... ( read original story ...)
Allahabad Bank to close its foreign branch in Hong Kong
NEW DELHI: State-owned Allahabad Bank on Friday said it proposes to close its only foreign branch in Hong Kong as part of rationalisation of its overseas operations. In compliance with the government' ... ( read original story ...)
Bank staffer jailed 21 months for HK$1m theft
A former Bank of Communications staffer who pleaded guilty to a count of fraud at the District Court today has been sentenced to 21 months of imprisonment. Wong Wai-po, 29, was accused of stealing 200... ( read original story ...)
Hong Kong: HANG SENG INDEX (.HSI) Shares Down Slightly
Hong Kong shares fell slightly on Wednesday, with risk appetite curbed by renewed yuan weakness. The Hang Seng index fell 0.2 percent, to 28,117.42, while the China Enterprises Index lost 0.1 percent, ... ( read original story ...)
Hong Kong’s SFC fines HSBC arm US$1.2 million for misconduct in bond sales
Hong Kong’s Securities and Futures Commission has fined HSBC Broking Securities (Asia) HK$9.6 million (US$1.22 million) for misconduct in the firm’s sale of bonds in 2015 and 2016. The securities arm ... ( read original story ...)