Movie and television post-production house VHQ Media Holdings Ltd plans to spin off its China operations and list the unit in Hong Kong to help fuel ambitious growth targets in the booming Chinese mov... ( read original story ...)
Tech giant’s disappointing debut casts a cloud over Chinese IPOs in Hong Kong
Investor sentiment appears to be lackluster for “new economy” Chinese companies. Tencent Music says it’s heading to the U.S. for its IPO. The U.S.-China trade war is weighing on the outlook for Chines... ( read original story ...)
Xiaomi’s deflated IPO: What are the lessons?
Xiaomi, Hong Kong’s first listing with multiple-class share structure, made a weak trading debut on Monday. One can only speculate now as to whether the tepid investor response was due to bad timing f... ( read original story ...)
Exclusive: JD.com’s finance unit raises $2 billion, doubles valuation – sources
HONG KONG (Reuters) - JD.com Inc’s finance arm has raised at least 13 billion yuan ($1.96 billion) in fresh equity from Chinese investors, doubling its valuation ahead of an expected initial public of... ( read original story ...)
Hong Kong: HANG SENG INDEX (.HSI) stocks flat; China June inflation accelerates
Hong Kong shares ended Tuesday roughly flat on Tuesday ... which threaten to hurt Chinese exports and dampen business sentiment. The Hang Seng index was unchanged at 28,682.25, while the China Enterpr... ( read original story ...)
Listing reforms have made Hong Kong more competitive, says new financial advisory council chief
Laurence Li Lu-jen, who takes over as chairman of Hong Kong’s Financial Services Development Council, said on Tuesday listing reforms and other measures introduced by the government recently had enhan... ( read original story ...)
Surge in Hong Kong bankers wanting jobs at “price butcher” banks
“There’s now an increased willingness by ECM bankers from bulge bracket firms to move to Chinese banks,” says Yvette Kwan, a former APAC investment banking COO at UBS, now a partner at Hong Kong finan... ( read original story ...)
Hong Kong bank to pay $47 million for Foreign Corrupt Practices Act violation
WASHINGTON, D.C. — A Hong Kong investment bank will pay a $47 million criminal penalty to resolve allegations by the U.S. Department of Justice (DOJ) that the bank violated the Foreign Corrupt Practic... ( read original story ...)
Beijing’s Dislike Sinks Xiaomi Valuation To At Best 30% Below IPO Price
Xiaomi’s withdrawal from China IPO application and repeated cuts in valuation followed Chinese securities Watchdog’s queries. Its Hong Kong IPO price is set at bottom of original HK$17-22 target range ... ( read original story ...)
China’s Xiaomi makes underwhelming public debut in Hong Kong IPO
China’s Xiaomi, the world’s fifth biggest seller of smartphones, made an underwhelming public debut after it hit the Hong Kong Stock Exchange amid concerns around an ongoing trade war between the U.S. ... ( read original story ...)
Investment bankers are quitting Goldman, Citigroup for biotech riches in Hong Kong
“We are seeing a very good level of interest from quality issuers and we expect a healthy pipeline for the next couple years,” said David Lau, head of Hong Kong investment banking at JPMorgan Chase & ... ( read original story ...)
Hong Kong: HANG SENG INDEX (.HSI) Stocks rally at open on Tuesday
The Hang Seng Index climbed 1.03 per cent, or 290.54 points, to 28,606.16 on Monday. The benchmark Shanghai Composite Index added 0.19 per cent, or 5.22 points, to 2,752.45, while the Shenzhen Composi... ( read original story ...)
Heung To Middle School clinch the Hong Kong Liberal Studies Financial Literacy Championship
In its fourth year, the program teaches high school students to better plan and manage their personal finance; This year, the program added new content on protecting payment-related data online HONG K... ( read original story ...)
Xiaomi’s IPO flop: Shares fall in Hong Kong debut
In this 2015 file photo, Lei Jun, chairman and CEO of China's Xiaomi Inc. presents the company's new product, the Mi Note, in Beijing, China. In this 2015 file photo, Lei Jun, chairman and CEO of Chin... ( read original story ...)