Tag: ipo

The Asian financial hub is one of the least affordable cities in ... who took the helm four years ago and is set to step down after his term completes in June. Hong Kong citizens' monthly median wage stands at HK$15,500 (US$1,998), according to government ... ( read original story ...)

Hong Kong banks are joining a cluster of their Asian counterparts in testing the disruptive potential of the much-hyped blockchain technology - the next big thing poised to reshape the traditional banking industry in the near future. Bank of China (Hong ... ( read original story ...)

Hong Kong’s Securities and Futures Commission (SFC) announced today that it has banned Mr Lam Yuk Wai, from re-entering the financial industry for a lifetime over his dishonesty and the harm he has done to clients. He is a former staff member of HSBC ... ( read original story ...)

Hong Kong’s stock market edged lower amid light turnover after US benchmarks retreated in overnight trade, while Shanghai stocks stuck a more positive note, rebounding above the 3,100 threshold. The Hang Seng Index closed the morning session at 21,733.26 ... ( read original story ...)

Hong Kong’s mortality protection gap is now more than $500bn, according to reinsurer Swiss Re. How can this gap be closed? The issue isn’t just life cover, explains HSBC Insurance’s Candy Yuen. It’s also about coverage for critical illness, and ... ( read original story ...)

When Jack Ma criticised Hong Kong last month for having outdated stock market listing practices, the Alibaba founder hit the city where it hurts. Hong Kong’s rivalry with New York has only heightened since the billionaire chose the US for his ecommerce ... ( read original story ...)

while Bank of China Ltd. climbed 1.2 percent. The Hang Seng China Enterprises Index rallied 1.3 percent, paring its decline in December to 5.5 percent. Most of Hong Kong’s stock losses occurred in December as the U.S. projected a faster pace of interest ... ( read original story ...)

In its “Hong Kong Banking Outlook 2017” [PDF] report, the services giant cites soaring investment in the Fintech sector leading to the “rapid” development of the Fintech industry in Hong Kong. Blockchain technology is proving to be of particular ... ( read original story ...)

Want to get ahead in Asian banking next year? Ten senior finance professionals in Hong Kong and Singapore offer up their top tips. http://news.efinancialcareers.com/au-en/268921/banking-jobs-2016-hong-kong/ Are you planning to move jobs in Asian banking in ... ( read original story ...)

* Says board approves to set up branch in Hong Kong Source text in Chinese: bit.ly/2izdArO Further company coverage: (Reporting by Hong Kong newsroom) Next In Financials ( read original story ...)

Calvin Sit Natixis estimates revenue from Asian corporate and investment banking may grow 20 per cent this year as ... to add to the 600 people it employs in Asian markets including Hong Kong, China and Australia, he said. "We're doing a few things ... ( read original story ...)

HONG KONG: Total funds raised in the Hong Kong stock market have dropped to an eight-year low but the city still ranks top as the largest IPO market worldwide, according to data from Thomson Reuters. A combined total of just US$39.4 billion was raised in ... ( read original story ...)

The Hang Seng China Enterprises Index fell 1.5% this morning, dragged down by industrial stocks. China’s auto makers all tumbled. Geely (175.Hong Kong) led the decline, falling 5.6%. Guangzhou Auto (2238.Hong Kong) dropped 4.3%, while Great Wall Motor ... ( read original story ...)

The Hang Seng index slid 0.3 percent ... European stocks were little changed on Friday, although banks rose after Deutsche Bank and Credit Suisse settled investigations into U.S. mortgage securities sales, while Italy's government approved ... ( read original story ...)