Tag: ipo

The benchmark Hang Seng index added 0.4 percent, to 22,546.76 points, while the Hong Kong China Enterprises Index gained 0.2 ... and Beijing's efforts to defend the yuan. China's central bank set the official yuan midpoint at 6.8668 per dollar prior ... ( read original story ...)

"As a world-renowned financial hub, Hong Kong itself still retains its competitive edge", Gui noted. It ended the week 0.97 per cent higher. The currency traded in the mainland appreciated 0.7% to 6.8842. The Hang Seng Index gained 1.1% and the Hang Seng ... ( read original story ...)

The Hong Kong stock market turned emphatically higher again on Thursday, one session after it had ended the four-day winning streak in which it had advanced more than 570 points or 2.7 percent. The Hang Seng Index ... and Commercial Bank of China collected ... ( read original story ...)

HONG KONG (NewsRise) -- Hong Kong stocks posted its first back-to-back weekly gain since September as a drop in U.S. bond yields lifted property developers and a rebound in the offshore yuan soothed concerns over capital outflows. The Hang Seng Index rose ... ( read original story ...)

HONG KONG Jan 6 The Hong Kong Monetary Authority's (HKMA) 10 billion yuan ($1.45 billion) quota for intra-day yuan funding has nearly been used up on Friday morning, according to Reuters data. By 11 a.m local time (0300 GMT), 9.95 billion yuan of the quota ... ( read original story ...)

BOC Hong Kong (Holdings) Limited ("BOC Hong Kong (Holdings)" or the "Company") today announced that with respect to the asset restructuring of the Bank of China Group ("BOC Group") in the ASEAN region, all of the conditions precedent set out in the Bank of ... ( read original story ...)

BoC Hong Kong (Holdings) Limited, the Hong Kong unit of the Bank of China Group, has announced that the completion of a proposed Thailand Share Purchase Acquisition will take place on January 9 2017. Upon completion, BoC Thailand will become an indirect ... ( read original story ...)

HSBC is working with the Hong Kong government to develop the next generation of banking technology at a new digital innovation lab. The bank and the government-funded Hong Kong Applied Science and Technology Research Institute (ASTRI) have joined together ... ( read original story ...)

Hong Kong’s Mandatory Provident Fund generated average gains of 1.26 per cent in 2016, beating the benchmark Hang Seng Index and bank deposit rates, according to data from Thomson Reuters Lipper. The return represents a turnaround from the previous year ... ( read original story ...)

For many banking professionals in both Singapore and Hong Kong – especially those looking for new jobs – 2016 was largely a year to forget. What does 2017 have in store if you’re a job seeker in Asian finance? Recruiters give us their top tips. ( read original story ...)

The government plans to beef up local consumption this year to mitigate economic risks arising from global uncertainty at a time when the city’s retail slump is worsening. Acting Financial Secretary Professor Chan Ka-keung told a Legislative Council ... ( read original story ...)

Hong Kong's former leader Donald Tsang, who ended his term in disgrace after accepting favours from tycoons, pleaded not guilty to bribery charges Tuesday at his high-profile corruption trial. Tsang, 72, held the leadership post of chief executive for ... ( read original story ...)

It’s been a tumultuous year for global equity markets. Asia’s financial center Hong Kong has been swayed by Brexit, Trump, and Fed rate decisions. The territory also faced domestic headwinds of slumping retail and an overheating property sector. ( read original story ...)

Hong Kong led the world in terms of amount of funds raised by initial public offerings (IPOs) in 2016 despite a substantial decline from 2015, leaving Shanghai and New York a distant second and third respectively, according to PwC. Total funds raised by ... ( read original story ...)