Banking & Finance

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Hong Kong Stock Exchange

China stock market

Digital currencies

Makeup artist Mao Geping. Photo: Weibo

Banking & Finance

Chinese cosmetics firm Mao Geping prices shares at top end of range ahead of IPO

Shares were priced at HK$29.80, according to exchange filings.

2 hours ago

Ant Group promotes CFO Han to top post as Alipay owner marks 20-year milestone

8 Dec 2024 - 1:58PMvideocam

Digital currencies

Hong Kong to introduce stablecoin bill to regulate virtual token

6 Dec 2024 - 7:45PMvideocam

Business

Hong Kong property

1 in 6 Hongkongers are eyeing home purchase in next 5 years: HSBC

Around 300,000 households will be in the market, exceeding expected supply, the lender estimates.

6 Dec 2024 - 7:09PM

A view of a residential estate at Mei Foo Sun Chuen, Hong Kong, on November 7, 2024. Photo: Alexander Mak

Banking & Finance

Hong Kong stock market

ESR shares rally on US$7.1 billion take-private offer from founders, funds

Consortium offers HK$13 per share to take ESR private, or a stock swap with an offshore entity in a bid to refocus its business.

5 Dec 2024 - 5:05PM

Banking & Finance

Banking & finance

Hong Kong needs to grow insurance talent to compete with Singapore, Dubai: CEOs

Lawrence Lam, Hong Kong CEO at Prudential, says data analysts have become more important than ever in the industry.

4 Dec 2024 - 9:18PM

China Business

China’s 10-year bond yield slumps to record low, pressuring yuan

‘Staggering’ new low signals ‘chilling risk forecast’ amid a deflationary spiral ‘eerily reminiscent’ of Japan’s long malaise, analyst says.

4 Dec 2024 - 5:00PM

The slump in bond yields complicates the central bank’s task of stabilising the yuan, which now faces more depreciation pressure. Photo: Shutterstock

Wealth

Wealth management

StanChart to hire more wealth managers in Hong Kong, Singapore by 2028

The UK lender is banking on winning new clients with more than US$10 million of assets in target markets.

4 Dec 2024 - 4:30PMvideocam

The Standard Chartered logo on Tower 1 of Marina Bay Financial Centre in Singapore. Photo: Harvey Kong

Commodities

Mitsubishi loses US$90 million in suspected China copper fraud

Mitsubishi dismissed Gong Huayong, a Shanghai-based copper trader at one of its China units, after finding that he had made unauthorised trades with local companies.

4 Dec 2024 - 12:07PM

Banking & Finance

Mergers & Acquisitions

China’s 2025 M&As may rise 15% as deals bottom out, UBS says

UBS says China M&A deal volume fell 10 per cent in November from a year earlier to US$297 billion.

4 Dec 2024 - 12:27PM

Banking & Finance

Hong Kong Monetary Authority (HKMA)

Hongkongers to get ‘Money Safe’ to protect bank funds from fraud

Additional verification procedures will be necessary to transfer locked-up funds when banks roll out the optional tool next year.

3 Dec 2024 - 6:05PM

A woman walks past a currency-exchange shop in Causeway Bay with a bank vault painted on its gate, on May 5, 2024. Photo: Jelly Tse

China Business

Mergers & Acquisitions

China Mobile makes takeover bid for HKBN with US$1 billion offer

China Mobile has received undertakings from Canada Pension Plan Investment Board and US private equity firm TPG, which hold a combined 25 per cent stake.

3 Dec 2024 - 5:57PM

Hong Kong Broadband Network (HKBN) is a takeover target for China Mobile and I Squared Capital. Photo: Sam Tsang,

Banking & Finance

C-beauty brand Mao Geping to debut in Hong Kong with US$270 million IPO

Namesake founder rose to prominence as a make-up artist who helped Liu Xiaoqing play an empress who aged from 15 to 80 years in a TV drama.

2 Dec 2024 - 3:25PM

Banking & Finance

Exclusive | Tencent-backed WeDoctor revives Hong Kong IPO plan, sources say

Healthcare platform plans to submit IPO application by end-December and complete fundraising of as much as US$500 million by June.

2 Dec 2024 - 2:54PM

Banking & Finance

Banking & finance

Exclusive | French bank Credit Agricole CIB backs Hong Kong as Asian hub amid trade war

Bank has strong capability in yuan trading, green finance and infrastructure development, CEO Xavier Musca says.

2 Dec 2024 - 9:38AMvideocam

Xavier Musca, CEO of Credit Agricole CIB, said the bank will not scale down its activities in China or in Asia because of the threat of a trade war. Photo: Sun Yeung

Banking & Finance

Banking & finance

China M&A outlook calls for Hong Kong talent influx: Deutsche Bank Asia head

The need to refinance and enter new markets is very high on the radar of mainland firms, says Alexander von zur Muehlen.

29 Nov 2024 - 12:31PM

People cross a street in Central on October 4, 2024. Photo: Dickson Lee

Blockchain

Hong Kong offers grants to boost tokenised bond issuance

The city’s de facto central bank is handing out up to HK$2.5 million in subsidies per issuance to qualified tokenised-bond issuers.

28 Nov 2024 - 7:00PM

Banking & Finance

Hong Kong property

Hong Kong university pays US$334 million for Chen Hongtian’s seized office tower

Hong Kong Metropolitan University makes its second purchase in six months in this year’s biggest commercial deal.

28 Nov 2024 - 5:03PM

Banking & Finance

Banking & finance

‘Markets will equilibrate’ despite US tariffs, Standard Chartered CEO says

‘Globalisation is going forward. Trade remains enormously beneficial to the world, and everybody understands that,’ Winters says.

28 Nov 2024 - 5:01PM

Standard Chartered CEO Bill Winters in Hong Kong. Photo: Edmond So

Banking & Finance

Time running out for 250 Hong Kong-listed firms to get women on board: HKEX

At least 250 Hong Kong-listed companies do not have at least one woman on their boards despite the compliance deadline just a month away.

27 Nov 2024 - 7:30PM

HKEX CEO Bonnie Chan Yiting said companies are making progress on appointing women to their boards. Photo: Xiaomei Chen

China Business

Banking & finance

Exclusive | HSBC to feature ex-ECB president Draghi and Ark Investment’s Wood at summit

Global Investment Summit will run from March 25 to 27 next year.

27 Nov 2024 - 12:45PM

Banking & Finance

Banking & finance

‘China’s FedEx’ delivers a lacklustre trading debut in Hong Kong

Shares of the Chinese courier firm SF Holding began trading at HK$34.30, unchanged from its IPO price.

27 Nov 2024 - 4:32PM

Banking & Finance

Hong Kong’s infrastructure bond offering excites retail investors

This is the second retail bond offering following last month’s HK$50 billion Silver Bond sale under the city’s new infrastructure bond framework.

26 Nov 2024 - 7:33PMvideocam

The bond sale is Hong Kong’s attempt to engage its residents and be part of its infrastructure development plans. Photo: Elson Li

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