HONG KONG (Dec 19) -- AK Medical Holdings on Tuesday said its initial public offering in Hong Kong was priced at HK$1.75 a share, near the bottom end of an indicative range. The Chinese medical device maker raised gross proceeds of about HK$437.5 million ... ( read original story ...)
Hong Kong exchange to loosen listing rules for tech, biotech companies
WITH reports indicating that Hong Kong is on the verge of losing its IPO (initial public offering) title this year, the Hong Kong Stock Exchange (HKEX) recently announced plans to introduce new rules for biotech issuers and issuers from emerging and ... ( read original story ...)
Changing history of Financial centres: Hong Kong set to lose global IPO crown as New York and Shanghai rise…
History of financial centres has been a long drawn one and is one of the most interesting aspects of finance. How and why global financial activities cluster in a few places across the world? It is a combination of both political, economic and geographic ... ( read original story ...)
iPhone screen maker plans US$1.5bn Hong Kong IPO in 2018
iPhone screen maker plans US$1.iPhone screen maker plans US$1.5bn Hong Kong IPO in 2018REUTERS | December 18, 2017, 12:31 IST HONG KONG: Biel Crystal Manufactory, the biggest cover-glass maker for iPhones, plans to raise about US$1.5bn from a Hong Kong IPO ... ( read original story ...)
Booking opens on $600m IPOs
China-based Ruifeng Power Group is to sell around HK$302 million worth of shares in a Hong Kong IPO, issuing 180 million shares, priced from HK$1.6 to HK$1.68 each. A 2,000-share lot will cost HK$3,393.Most of proceeds are intended for its manufacturing ... ( read original story ...)
HK targets next Alibaba in revamp of IPO rules
Hong Kong’s trajectory illustrates the power big companies wield as competition among exchanges for the hottest IPOs intensifies, said Martin Wheatley, the former head of the SFC in Hong Kong and the U.K.’s Financial Conduct Authority, in an interview ... ( read original story ...)
High street banking gets even more profitable in Hong Kong
“Hang Seng Bank’s net interest margin and fees trajectory are quite predictable and should show very strong earnings in the fourth quarter. Bank of China Hong Kong, on the other hand, has much more NIM [net interest margin] volatility (given aggressive ... ( read original story ...)
Table tennis outing unites Hong Kong youth and bank volunteers for a good cause
Volunteers from a Hong Kong financial services company received a warm welcome ... each led by volunteers from Hang Seng Bank. After hesitant starts, the young players steadily gained confidence, encouraged by their new adult teammates. ( read original story ...)
Financials lead Hong Kong shares higher ahead of holidays
HONG KONG (Nikkei Markets) -- Hong Kong shares rose by midday on Thursday, outperforming most other regional markets, as financial sector heavyweights advanced. The yield on 10-year U.S. government bonds traded near a nine-month high after the House of ... ( read original story ...)
ASIA MARKETS: Financials Lead Hong Kong Shares Higher Ahead Of Holidays
HONG KONG (Dec 21) -- Hong Kong shares rose by midday on Thursday, outperforming most other regional markets, as financial sector heavyweights advanced. The Hang Seng Index was up 0.5% to 29,378.70 by the noon break. Global financial companies listed in ... ( read original story ...)
Securities commission backs introduction of dual-class shares on Hong Kong stock exchange
Alibaba, which owns the South China Morning Post, eventually listed in New York, which allows dual-class share structures while Hong Kong has banned these since the mid-1980s. Ant Financial is an affiliate of Alibaba. The stock exchange in 2015 proposed to ... ( read original story ...)
Huabang Financial : Fin to buy Kowloon Bay property at HK$220m
11-14 on 3rd Floor, Enterprise Square Three, Kowloon Bay, Hong Kong at about HK$219.8 million ... the Group's income base and maximise return to shareholders. 04:14p HUABANG FINANCIAL: Fin to buy Kowloon Bay property at HK$220m 11/22 HUABANG FINANCIAL ... ( read original story ...)
Hong Kong stocks fall slightly as financials, IT drag
Dec 20 (Reuters) - Hong Kong stocks dipped slightly on Wednesday as weakness in financial and IT stocks offset strength in property and utility plays . ** At close of trade, the Hang Seng index was down 19.57 points or 0.07 percent at 29,234.09. The Hang ... ( read original story ...)
Graft complaints in Hong Kong’s finance and insurance sectors up by 20 per cent, with 177 cases reported this year
Complaints of corruption in Hong Kong’s finance and insurance sectors rose by almost 20 per cent to 177 in the first 11 months of this year, the city’s graft buster revealed on Wednesday, even as it said that this did not point to a worsening problem. ( read original story ...)