HKEx has just issued a consultation paper on corporate governance. The principal aim of the amendments is to encourage better accountability of issuers and directors, and also to bring practice in Hong Kong in line with that available in other international markets. read
Hong Kong University Press has now published its Spring-Summer 2011 catalogue, which is also posted on its website. ‘IPO: A Global Guide’ features as the first book under the publisher’s titles highlighted for the coming season – and the book’s cover has also been chosen to illustrate the new catalogue. read
HONG KONG (Dow Jones Investment Banker) – The greenshoe may find itself in the spotlight as institutional shareholders and governments agitate over fairness and fees. This would be an unwelcome development for investment banks.
HONG KONG (Dow Jones Investment Banker) – In 2005, Bank of China Ltd unit Bank of China International did not lead any IPOs in Hong Kong. Five years on and it has become a major player. Philippe Espinasse speaks with Marshall Nicholson, Global Head of Equity Capital Markets and Vice-Chairman of the Investment Banking division.
HONG KONG (Dow Jones Investment Banker) – Frustrated with what they increasingly perceive as a conflict of interest, a number of companies and their stakeholders are now engaging independent advisers to assess the work done by their investment banks.
HKEx has just released a set of interesting statistics for the last 12 months. As expected, these highlight a number of new records in the securities markets achieved in 2010, with total equity funds raised up 22.9% y-o-y to US$101.2 billion. IPO funds raised were up 23.4% compared with the previous record in 2006, and reached US$52.8 billion. read
Following the publication of consultation conclusions on electronic prospectuses on 26 November 2010, which were reported earlier on this blog, HKEx has further amended its listing rules on 15 December. This allows issuers to no longer submit printed copies of various documents to the Exchange. read
HONG KONG (Dow Jones Investment Banker) – Logically, there’s reason to offer around-the-clock trading on securities: Investors can trade from their home turf some of their large holdings. But Vale S.A.’s Hong Kong listing shows the value of such an option is questionable in practice.
The SGX announced on 9 December 2010 measures to shorten timetables for secondary fund raisings for companies listed on the Main board. These measures will come into force from 1 January 2011 and similar rules will also apply to the Catalist (second) board. read
HONG KONG (Dow Jones Investment Banker) – It only stands to reason. Asia’s insatiable appetite for investments in transportation, utilities, communication and social infrastructure assets should have created a wealth of opportunities for dedicated, listed funds. Few, however, have tried to tap this burgeoning market, and those that have taken the risk have shown poor returns.