The buying frenzy was launched after Mark Johnson, HSBC’s former global head of foreign exchange ... in which Johnson can be heard tipping off a trader in Hong Kong, a signal that she said eventually reached others on both sides of the Atlantic. ( read original story ...)
How To Get Declined For Your HK Bank Application
Want to get declined for your bank account application in Hong Kong? Then you’re in the right place! Of course you don’t want to get rejected when applying for your Hong Kong business bank account, but today I want to have some fun and give you some ... ( read original story ...)
Hong Kong’s Hang Seng Index, at 10-Year High, Still Has Room to Run
But Asia’s star performer of 2017 has only now joined the club as Hong Kong’s Hang Seng Index topped 2015 highs on Friday, revisiting levels last seen a decade ago. The index has jumped 29% so far this year, making it one of the best performers among ... ( read original story ...)
Why Taiwanese corporates flock to A/H share markets for IPOs
Since June of 2016, seven Taiwanese companies have completed debut IPOs in mainland China and Hong Kong, raising a combined total of US$438.78 million. To put into perspective, this is over half the amount raised through IPOs on the Taiwan Stock Exchange ... ( read original story ...)
Money Forward Launches $500M IPO, Gets Investors Excited
Although becoming the first fintech company to launch an IPO in Tokyo, Money Forward is not the only Asian fintech startup to go public lately. Last week, a Chinese insurance platform, ZhongAn Online P&C Insurance, debuted on Hong Kong stock exchange ... ( read original story ...)
More for China than London in Russian hydro IPO
on Oct. 5 announced its intention to conduct an initial public offering on the London Stock Exchange and the Moscow Exchange. En+ owns assets in metals and energy, including a 48 percent stake in Hong Kong-listed Russian aluminium producer Rusal ... ( read original story ...)
Higher Open Called For Hong Kong Stock Market
gained 0.17 percent and BOC Hong Kong was unchanged. The lead from Wall Street is positive as stocks moved higher on Thursday as the major averages again hit fresh record closing highs. The Dow rose 113.75 points or 0.50 percent to 22,775.39, while the ... ( read original story ...)
Hong Kong stocks rise to near 10-yr high; financials up, but Macau casinos stumble
HONG KONG, Oct 6 (Reuters) - Hong Kong stocks extended gains to edge closer to 10-year highs on Friday, underpinned by Chinese automakers and financials though early strength was pared off by the afternoon. Taking its cue from Wall Street, the blue chip ... ( read original story ...)
Hang Seng, Nikkei reach multi-year highs as Asian stocks rise
Meanwhile, Japan’s Topix bank subindex was up 1.3%. The U.S. rate outlook is important for Asian financial companies as their margins have been under pressure in the current low-rate environment. Meanwhile, Hong Kong’s Hang Seng Index HSI, +0.39% ... ( read original story ...)
City’s financial press fails to deliver the expected value
When the market is good, every media boss in Hong Kong is thinking of expanding financial coverage. It's really the cheapest and least demanding thing to do for a television station or a newspaper. And so, every morning, most of the television channels ... ( read original story ...)
Pro-Beijing lawmakers move to end filibustering in Legco’s Finance Committee
The days of using long-winded debates to block Hong Kong government funding requests could soon be over as the Legislative Council’s pro-establishment camp is close to finalising a plan to restrict filibustering in its finance committee. The delaying ... ( read original story ...)
Hong Kong’s Hang Seng index hits post-financial crisis high
Hong Kong’s Hang Seng index hit its highest point since the global financial crisis on Friday, bolstered by a continued rally in Chinese corporates. From November 2007 to late 2008 the market lost about two-thirds of its value. Since bottoming out in ... ( read original story ...)
ZhongAn Insurance Starts Trading on the Hong Kong Stock Exchange
The leading Chinese online insurance company, ZhongAn Online Property & Casualty Insurance Co, started trading on the Hong Kong stock exchange earlier today. Its shares jumped to as high as HK$70.50 in early morning trading, compared with the HK$59.70 IPO ... ( read original story ...)
Hong Kong Stock Market Draws Firm Lead
Among the actives, Industrial and Commercial Bank of China surged 7.93 percent, while Ping An Insurance soared 3.92 percent, China Life spiked 2.15 percent, BOC Hong Kong climbed 1.98 percent, New World Development jumped 1.96 percent, China Mengniu Dairy ... ( read original story ...)