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Tag: ipo

Posted on 20/08/2020

Hong Kong Slams US Decision To End Tax, Extradition Deals

Hong Kong on Thursday accused America of using the city as a pawn in ties with China as it slammed a US decision to withdraw from three accords on extradition and taxation. The United States formally ... ( read original story ...)

Posted on 20/08/2020

Hong Kong banks must do more to reduce their impact on climate change, not just avoid risk

Building a resilient banking system is not the same as fostering environmental and social sustainability. For Hong Kong’s sustainable banking to live up to its name, more consideration should be given ... ( read original story ...)

Posted on 19/08/2020

Hong Kong Bourse Rides Trading, IPO Surge to Record Profit

Hong Kong Exchanges & Clearing Ltd. posted a 1% gain in profit ... “High Cash Market turnover, record Stock Connect volumes and a notable number of IPOs, including a number of sizable secondary ... ( read original story ...)

Posted on 19/08/2020

Hong Kong security law sparks race for Asia’s next financial capital

Deutsche Bank is not leaving Hong Kong. But like many businesses and banks, a year of political turmoil has put a question mark over the island's centrality as Asia's premier financial hub. ( read original story ...)

Posted on 18/08/2020

Tencent-backed online brokerage Futu looks to cash in on Hong Kong IPO boom with plans to expand margin financing

... growth in its interest income was partly helped by IPO financing due to an active IPO market in Hong Kong. "We believe that the increase in US-listed Chinese companies seeking secondary ... ( read original story ...)

Posted on 18/08/2020

Hong Kong’s police chief shifted his mortgage to Bank of China (Hong Kong) from HSBC just days ahead of US sanctions

Hong Kong’s police chief, among 11 officials sanctioned by the United States government over China’s national security law for the city, shifted his mortgage from HSBC to Bank of China (Hong Kong) ... ( read original story ...)

Posted on 18/08/2020

Hong Kong leader Carrie Lam has credit card trouble after US sanctions

Hong Kong's leader said she's having trouble using her credit cards after the US imposed sanctions targeting Chinese officials and their allies in the city.. Read more at straitstimes.com. ( read original story ...)

Posted on 18/08/2020

China’s Ant Group plans consumer finance firm in growth push ahead of IPO-sources

Ant Group, Alibaba's BABA.N fintech arm and China's dominant mobile payments company, plans to set up a consumer finance firm in the s ... ( read original story ...)

Posted on 18/08/2020

China’s Ant Group plans consumer finance firm in growth push ahead of IPO

HONG KONG (Reuters) - Ant Group, Alibaba’s (BABA.N) fintech arm and China’s dominant mobile payments company, plans to set up a consumer finance firm in the southwestern city of Chongqing, expanding ... ( read original story ...)

Posted on 18/08/2020

Greater Bay Area’s biggest property services firm Excellence Commercial said to seek up to U$400 million from Hong Kong IPO

Excellence Commercial Property and Facilities Management Group is looking to raise between US$300 million (HK$2.33 billion) and US$400 million from an initial public offering in Hong Kong, according ... ( read original story ...)

Posted on 18/08/2020

US sanctions will make everyday life a headache for Hong Kong’s political leaders and their families, from closed accounts to blocked payments

US sanctions could lead to bank account closures and credit card cancellations for sanctioned officials and their families as banks are wary of running afoul of American regulators, compliance ... ( read original story ...)

Posted on 18/08/2020

Hang Seng Bank: Dividend Cut Was Disappointing

Hang Seng Bank's 1H 2020 dividends were cut by -32% from HK$2.80 in 1H 2019 to HK$1.90 in 1H 2020, which was disappointing. ( read original story ...)

Posted on 17/08/2020

Bay area’s ‘biggest property services firm’ Excellence Commercial said to seek up to U$400 million from Hong Kong IPO

Excellence Commercial Property, controlled by billionaire tycoon Li Hua, joins a wave of property management service providers including units of Sunac and China Evergrande in seeking a Hong Kong ... ( read original story ...)

Posted on 17/08/2020

Hong Kong, China shares end higher after central bank pumps US$100 billion into banking system

Stocks related to the mainland’s banking sector jumps 3.7 per cent, according to a gauge compiled by Xuangubao.com. ( read original story ...)

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