Financial Services
Mainland online lender Lufax guns for US$2b fresh funding amidst IPO delay
It was originally planning to debut at the first half of 2018.
Mainland online lender Lufax guns for US$2b fresh funding amidst IPO delay
It was originally planning to debut at the first half of 2018.
US biotech firm seeking larger valuations rush to Hong Kong
Sorrento Therapeutics is one such firm hoping to cash in on the trend.
US tightening buoys banking profitability
Funding costs are expected to stay low, boosting NIMs.
IPOs surge 33% to US$725m in H1 2018
A total of 53 companies went public in the first half of the year.
Hong Kong trails behind Singapore in asset management business
The city managed US$31.8b in private wealth compared to Singapore's US$53.4b.
Xiaomi hit by $8.58b loss in Q1 ahead of blockbuster IPO
However, Xiaomi is still on track as smartphone shipments ballooned 88%.
Chinese restaurant review and delivery firm Meituan Dianping to file for $6b IPO in June
It was recently valued at US$30b, making it the world’s fourth most valuable startup.
Hong Kong inks deal with Mainland for supervision of cross-boundary regulated entities
The SFC and CBIRC will cooperate on investor protection amongst other key areas.
Standard Chartered to apply for virtual bank license in Hong Kong
The move follows the publication of revised guidelines by the central bank.
SFC imposes cold-shoulder order against Burwill Holdings chairman
For violating the Takeovers Code, Chan Shing will be denied access to the securities market for two years.
Banks wage war over fixed deposits as interbank lending rates surge
One-year HKD fixed-deposit rate is hiked to as high as 2%.
Hong Kong eyes $100b fund for green financing
The fund will be used to implement the Government Green Bond Programme.
Government increases shareholding in HKEX to 6%
The move enables the authority to pitch in for HKEX’s development.
Heightened Mainland lending pose risks to Hong Kong banks after rising 21% in 2017
The bulk of PRC lending is geared towards lower credit quality firms like SMEs.
Standard Chartered to split Asia operations into Hong Kong and Singapore hubs
The move aims to curb costs and simplify the bank's structure.
Thriving IPO scene under threat as the Mainland eyes similar bourse reforms
China is reportedly mulling lower thresholds for biotech firms to list.
Sunny Optical stock rallies by a whopping 9,500%
The Mainland lens producer is now worth $22b.
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