Th e authority wants mainland residents who bought insurance policies in Hong Kong to be able to pay their premiums and make claims from China. Cheng said he has discussed the idea with officials at the China Banking and Insurance Regulatory Commission and ... ( read original story ...)
IPO crown eludes Hong Kong as Xiaomi does not live up to its blockbuster billing
Hong Kong stock exchange’s listing reform helped to boost the amount of funds raised from IPOs by 78 per cent to a three-year-high in the first half, but that was still not enough to topple New York from the top global IPO spot, according to data from ... ( read original story ...)
China’s Xiaomi raises $4.72 billion after pricing Hong Kong IPO at bottom of range – sources
HONG KONG (Reuters/IFR) - China’s Xiaomi Corp priced its Hong Kong initial public offering (IPO) at the bottom of an indicative range, raising $4.72 billion in the world’s biggest tech float in four years, people close to the transaction said on Friday. ( read original story ...)
Xiaomi’s shrinking IPO shows tougher climate for China tech
Xiaomi's big Hong Kong IPO is shrinking. The Chinese smartphone maker is set to raise about 36 billion Hong Kong dollars ($4.7 billion) after pricing its public offering at the bottom of the planned range, a person familiar with the IPO told CNNMoney. ( read original story ...)
China’s Xiaomi raises $4.72 billion after pricing HK IPO at bottom of range: sources
HONG KONG (Reuters/IFR) - China’s Xiaomi Corp (1810.HK) priced its Hong Kong initial public offering (IPO) at the bottom of an indicative range, raising $4.72 billion in the world’s biggest tech float in four years, people close to the transaction said ... ( read original story ...)
PNB fraud: Hong Kong banking regulator cracks down on Indian lenders operating in the SAR over suspected irregularities
New Delhi: After Firstpost exposed irregularities in the operations of Indian public sector banks in Hong Kong, the banking regulator in the Special Administrative Region (SAR) of China has initiated a clean-up operation by subjecting banks to rigourous ... ( read original story ...)
China’s Xiaomi prices HK IPO at bottom of range, raises $4.72 billion: sources
HONG KONG (Reuters/IFR) - China’s Xiaomi Corp (1810.HK) priced its Hong Kong initial public offering (IPO) at the bottom of an indicative range, raising $4.72 billion in the world’s biggest tech float in four years, people close to the transaction said ... ( read original story ...)
China Tower wins approval for Hong Kong IPO of up to $10 billion: sources
HONG KONG (Reuters/IFR) - China Tower, the world’s largest mobile mast operator, has won approval in Hong Kong for an IPO that could raise up to $10 billion, according to people familiar with the situation. The news comes as investors and bankers were on ... ( read original story ...)
JPMorgan goes on a hiring spree to retool its China banking team for serving technology unicorns
In May, the bank applied for approval to set up a majority-owned securities ... The reorganisation coincides with the overhaul that Hong Kong’s stock market operator and securities regulator pushed through last year, changing the city’s listing ... ( read original story ...)
Hang Seng Bank to relax loans rules, using big data and fintech to replace old-fashioned banking
Hang Seng Bank, the 85-year-old Hong Kong lender owned by HSBC, said it will allow existing customers with good credit histories to apply for personal loans, as it uses big data analysis and financial technology to replace old-fashioned banking practises. ( read original story ...)
BOC Hong Kong : Statement on Fraudulent Websites
BOC Hong Kong (Holdings) Limited, BOCHK's holding company, is one of the largest listed companies on the main board of the Stock Exchange of Hong Kong, with stock code "2388" and ADR OTC Symbol "BHKLY". ( read original story ...)
Hong Kong Billionaire Richard Li Weighs Insurance IPO
Hong Kong billionaire Richard Li is laying the groundwork for a potential initial public offering of his insurance company FWD Group after five years of building the business through acquisitions, people familiar with the matter said. FWD, which is backed ... ( read original story ...)
With unicorns in the pipeline, Hong Kong IPO markets will be ‘different’ in second half of 2018: EY
Hong Kong topped global rankings in terms of initial public offering volumes in the first half of 2018 and highly anticipated technology listings that are in the works in the six months ahead are expected to give markets an additional boost. The Chinese ... ( read original story ...)
Nirav Modi firms availed loans from PNB’s Hong Kong, Dubai branches too: Report
NEW DELHI: Nirav Modi group's exposure was not limited to only Punjab National Bank's (PNB) Brady House branch in Mumbai, as the firms had availed loan facility from its Hong Kong and Dubai branches too, according to an internal report of the bank ... ( read original story ...)