Tag: ipo

HONG KONG--HSBC Holdings' first-quarter profits dropped 1.3% from a year ago as it set aside money for potential legal liabilities including its role in the sale of mortage-backed securities in 2007. Net profit for the January-March period stood at US$3.09 ... ( read original story ...)

HONG KONG/LONDON: HSBC Holdings PLC 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 $2 billion. "Given the growth ... ( read original story ...)

An influential new international alliance of senior bank officials, financial regulators, and monetary chiefs will launch in Hong Kong next week to help address the threat they believe an unregulated fintech (financial technology) revolution poses to ... ( read original story ...)

West Africa’s infamous Internet scammers have evolved, dropping their impersonations of online love interests, princes and United States soldiers in favour of hijacking corporate emails, costing businesses hundreds of millions of dollars a year. ( read original story ...)

Hong Kong is eyeing several tech listings in the coming two years ... coming to Hong Kong that there is a clear pathway," said Keith Pogson, senior partner for financial services at EY. Xiaomi said it would have a weighted voting rights (WVR) structure ... ( read original story ...)

HONG KONG--(BUSINESS WIRE)--May 3, 2018--LuLu Financial Group, the leading financial services and payments solution brand, started its operations in Hong Kong with the inauguration of their head office at Hankow Centre in Kowloon. This press release ... ( read original story ...)

BEIJING (Reuters) - Smartphone and connected device maker Xiaomi [IPO-XMGP.HK] filed for a Hong Kong initial public offering on Thursday, in what is expected to be the largest listing by a Chinese tech company in almost four years. The listing could value ... ( read original story ...)

May 2 (Reuters) - Hong Kong stocks fell on Wednesday ... The top gainer on Hang Seng was Sunny Optical Technology Group Co Ltd up 4.92 percent, while the biggest loser was Bank of Communications Co Ltd which was down 2.32 percent. ( read original story ...)

“This trend will continue as rates are only going up,” Lawrence Kung, head of the deposits department at Wing Lung Bank Ltd. in Hong Kong, said in a phone interview. “Banks are preparing themselves in terms of funding before the rate-hike cycle. ( read original story ...)

The Hong Kong Financial Services and Treasury (FSTB) has released its Money Laundering and Terrorist Financing Risk Assessment Report. The report comes amid an increasingly tense debate on whether the city is adequately combatting financial crime. ( read original story ...)

Hosting what’s shaping up to be the world’s biggest initial public offering of 2018 may be a double-edged sword for Hong Kong. Chinese smartphone maker Xiaomi is preparing a share sale that will raise at least US$10 billion, people familiar with the ... ( read original story ...)

Hong Kong stocks closed sharply higher on Monday ... than-expected capital outflows and US-China trade uncertainty could hurt tech stocks. The Hang Seng Index advanced 1.7 per cent, or 527.78 points to close at 30,808.45. For April, the index rose 2.4 ... ( read original story ...)

Hong Kong’s main Hang Seng index rose to a more than one-week high by lunch ... followed by China Merchants Bank Co Ltd, gaining 5.5 per cent, and Anhui Conch Cement Co Ltd up 4.6 per cent. The three biggest H-shares percentage decliners were BYD Co ... ( read original story ...)

“This trend will continue as rates are only going up,” Lawrence Kung, head of the deposits department at Wing Lung Bank Ltd. in Hong Kong, said in a phone interview. “Banks are preparing themselves in terms of funding before the rate-hike cycle. ( read original story ...)