Tag: ipo

The central bank has stepped in more than 10 times since April 12 as Hong Kong dollar touched the weaker end of its trading band last month. The Hong Kong dollar is allowed to trade in a range of between 7.75 to 7.85 to the US dollar. Market participants ... ( read original story ...)

WeLab, a fintech (financial technology) unicorn in Hong Kong, is set to secure regulatory approval for its plan to engage in virtual banking. According WeLab founder and chief executive Simon Loong Pui-chi, the company has been working closely with the ... ( read original story ...)

He joins Sucden Financial from LMAX Exchange in Hong Kong, where he was responsible for establishing the firm's institutional presence in the area. He previously held senior positions at FXCM and Deutsche Bank. Peter Brooks, Co-Head of eFX in London said ... ( read original story ...)

One of Hong Kong’s most popular investment strategies -- borrow big and plow the money into a red-hot IPO -- is starting to fail, just as the city prepares to host Xiaomi Corp.’s $10 billion listing. Ping An Healthcare & Technology Co.’s initial ... ( read original story ...)

Hong Kong stocks closed the midday session higher on Tuesday, after tech companies surged following a rebound in Apple shares in the US overnight. Chinese financials and carmakers were also boosted in line with gains in the mainland market. The Hang Seng ... ( read original story ...)

One of Hong Kong’s most popular investment strategies -- borrow big and plow the money into a red-hot IPO -- is starting to fail, just as the city prepares to host Xiaomi Corp.’s $10 billion listing. Ping An Healthcare & Technology Co.’s initial ... ( read original story ...)

Shares of some other technology-related companies that floated recently have been weak in Hong Kong. ZhongAn Online P & C Insurance Co recently dropped below its IPO price. China Literature, which soared on its debut last year, has been declining and is ... ( read original story ...)

Although some big players in Hong Kong such as HSBC, Hang Seng Bank and Standard Chartered are using AI technology such as chatbots to serve their customers, this is just scratching the surface. Say hi to Amy. She and other HSBC bots are about to change ... ( read original story ...)

HONG KONG/LONDON (Reuters) - HSBC’s (HSBA.L) new chief executive sought to mollify investors with a share buyback of up to $2 billion, as the bank reported on Friday an unexpected 4 percent drop in first-quarter pre-tax profit due to a surge in spending. ( read original story ...)

The Hang Seng Bank (0011) today declared the first interim dividend of HK$1.3 per share for the year ending December 31, 2018, according to a filing to Hong Kong stock exchange. The dividend will be payable on June 7. ... ( read original story ...)

Hong Kong shares were lower in early action on Friday morning ... China Construction Bank lost 0.6 per cent to HK$8.03 and HSBC declined 0.8 per cent to HK$77.05. Hang Seng Bank also lost 1.2 per cent to HK$198.40. Meanwhile, AIA added 1.5 per cent ... ( read original story ...)

HONG KONG/LONDON (Reuters) - HSBC Holdings PLC (LSE:HSBA.L - News) posted on Friday an unexpected 4 percent drop in first-quarter pre-tax profit due to a surge in investments, missing estimates, and announced plans to initiate a new share buyback of up to ... ( read original story ...)

HONG KONG (AP) - Global bank HSBC said Friday it's launching its latest multibillion-dollar share buyback, as it released its first quarterly earnings report under its new chief executive, John Flint. The bank said that the buyback of up to $2 billion in ... ( read original story ...)

HONG KONG—HSBC Holdings PLC’s first-quarter profit dropped 1.3% from a year ago as it set aside money for potential legal liabilities, including its role in the sale of mortgage-backed securities in 2007. Net profit for the January-March period stood ... ( read original story ...)