Hong Kong’s Securities and Futures Commission (SFC) flagged 33 additional suspicious websites masquerading as HashKey, one of the city’s licensed cryptocurrency trading platforms, taking the total ...
Hong Kong-Based Company Spins Off Pork Producer Smithfield Foods
Smithfield Foods, the largest pork processor in the country, announced it will not close additional plants as it focuses on growth following its initial public offering (IPO), CEO Shane Smith said ...
Hang Seng Bank fined HK$66.4m for overcharging, sales misconduct
It reportedly received HK$22.4m in excess benefits and fees, the HKMA and SFC said. Hang Seng Bank (HSB) is fined HK$66.4m for reportedly overcharging clients, making inadequate disclosure of monetary ...
Hong Kong banks to focus on resilience, costs in 2025: KPMG
Interest rate reductions are likely to be slower. Resilience, costs, and digital transformation are the top priorities of Hong Kong’s banking sector in 2025, as losses by banks and customers continue ...
HK fee slump reflects intensifying bank competition
That is because the electric-car battery giant, commonly known as CATL, recently offered a mere 0.2 percent base underwriting fee to bankers, plus possible incentives, according to people familiar ...
Smithfield Foods to keep US pork plants open, eyes tariffs amid IPO, CEO says
Smithfield Foods does not plan to close more U.S. pork processing plants, Chief Executive Shane Smith said on Tuesday, as the company returned to a U.S. exchange after more than a decade in a spinoff ...
Pork giant Smithfield Foods has disappointing IPO
Smithfield Foods, the largest U.S. pork producer, raised $522 million in an IPO that was around 21% smaller than originally planned. Why it matters: There have been two big IPOs so far in 2025, and ...
US Pork Giant Smithfield Foods Raises $522M After Pricing IPO Below Range
Smithfield Foods and its Chinese parent raised around $522 million from the U.S. pork giant's initial public offering after pricing shares below their marketed range.
Hong Kong’s Slump in Fees Reflects Intensifying Banking Competition
Contemporary Amperex Technology Co. Ltd.’s upcoming jumbo listing, which could raise more than $5 billion, is the type of deal that can inject a much-needed adrenaline shot into a sputtering market ...
Hong Kong accounting body calls for more expertise in sustainability practices
Some 21 per cent of Hang Seng Index members obtained a ‘reasonable’ score while 53 per cent received a ‘limited’ rating, council report shows.
Hang Seng Bank fined $8.5 million for investment product sales misconduct
Hong Kong's securities regulator said on Monday it had fined Hang Seng Bank HK$66.4 million ($8.52 million) for overcharging its clients while selling investment products. The Securities and Futures ...
Smithfield Foods prices IPO below range in US market comeback
Smithfield Foods, the largest pork processor in the U.S., said it priced its initial public offering well below its forecast range, raising $521.7 million for the company and the selling stockholder.
How Hong Kong could take the lead in instant payments
Readers discuss the potential for the city's fintech sector to distinguish itself, and a way to help keep recession at bay Feel strongly about these letters, or any other aspects of the news? Share ...
Hang Seng Bank fined for HK$66.4 million over misconduct in selling investment products
Hong Kong regulators have imposed a HK$66.4 million fine on Hang Seng Bank for misconduct related to how it sold investment products between 2014 and 2023. The Securities and Futures Commission (SFC) ...