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Tag: UK

The elephants’ graveyard

Thirty-first of December was not only the last day of a decidedly subdued year, but also the deadline by which Credit Suisse bankers in London were allegedly asked to return the mobile phones issued to them by their employer. This is only the latest nail in the coffin of a profession once seen more as a lifestyle, but which has now become (almost) like any other. read

, , Expenses, Hong Kong, UK

Take that to the bank

Another week, another financial sector IPO in Hong Kong. So far this year, three such listings have come to market in the city, for a total of more than $2.6bn equivalent. Most notably, these have included IPOs by Bank of Tianjin ($948m) and China Zheshang Bank ($1.7bn), both of which priced their offerings near the bottom end of the indicative price range last week.  read

, , , , , , China, Financial sector, Hong Kong... +4 more

Hong Kong doesn’t need weighted voting rights

At long last, the operator of Hong Kong’s stock exchange has published conclusions to its concept paper on weighted voting rights (WVRs). Almost as soon as it did, Hong Kong’s other regulator expressed its opposition to the idea. But WVRs were always a worrying development. More urgent reforms are needed for the exchange to compare favourably with New York or London. read

, , , , , , , China, Corporate governance, Hong Kong... +5 more

Letter to South China Morning Post

“More relevant template from Malaysia”

I am the author of IPO: A Global Guide and refer to Enoch Yiu’s White Collar column (“Fresh reminder of need to end muddle over HKEx roles”, October 1). She said “London and Singapore have long ago brought in independent regulators to be involved in the listing approval process for companies undergoing IPOs”. read

, , , , Hong Kong, Malaysia, Prospectuses... +2 more

‘Add £10,000 for good luck’

One of the perks of working in an investment bank is – or rather was – a fairly casual approach to expenses. Virtually everything is billable back to the employer, who directly or indirectly passes the expenses onto clients. read

, , Expenses, Fees, UK