Company seeking Hong Kong exchange nod on Thursday. HONG KONG, March 26- Chinese pork producer W.H. Group, which acquired U.S.-based Smithfield Foods last year, has hired 28 book runners for its planned $5- 6 billion Hong Kong initial public offering, a record number for banks working on an Asian IPO, IFR reported.
*Earnings: AIA, Parkson Retail down; Citic Pacific up. HONG KONG, Feb 21- Falls in PetroChina and Sinopec shares hurt Hong Kong and mainland markets early Friday, as investors took profit on their outsized gains the previous day as scepticism lingers on how much China's state-owned enterprises will be reformed.
HONG KONG, Jan 17- Hong Kong shares closed at their highest in more than two weeks on Friday, posting weekly gains that were largely buoyed by a strong showing in Asian insurer AIA Group and Chinese Internet giant Tencent Holdings. Tencent jumped 6.4 percent this week to a record close, while AIA climbed 3.1 percent in its biggest weekly gain in three months.
*Citigroup has 34 mln retail accounts in Asia. HONG KONG, Nov 29- Five insurers including Metlife Inc and AIA Group Ltd have submitted final bids to have their products distributed by Citigroup in Asia, a deal estimated to generate more than $10 billion in revenue over 15 years, people familiar with the matter told Reuters.
HONG KONG, Nov 29- Five insurers including Metlife Inc and Manulife Financial Corp have submitted final bids to have their products distributed by Citigroup in Asia, a deal estimated to generate more than $10 billion in revenue over 15 years, people familiar with the matter told Reuters.
Improving mainland economic data and hopes for export gains as the U.S. economy recovers have boosted Hong Kong stocks but some players, including Goldman Sachs, are sounding warnings.
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Asian shares retreated from multi-month highs on Wednesday amid caution as the earnings season gathers pace, with Tokyo stocks falling to three-week closing lows.
Block deals hit a record $57.3 billion this year as they become the mainstay of Asian investment banks, bringing relief to IPO-starved equity capital markets (ECM) bankers in the region.
Asian shares posted gains on Tuesday, tracking the overnight gains in U.S. stocks, as fresh signs of compromise maintained a new optimism that the U.S. "fiscal cliff" budget tussle could be settled before tax hikes and spending cuts begin to bite early next year.
Asian stocks were mixed on Monday as investors indulged in profit-taking after last week's extensive rally but Japanese equities jumped to an eight-month high after the Liberal Democratic Party of Japan's electoral triumph propelled the yen to a 20-month low.
American International Group may raise up to $6.5 billion through the sale of its remaining stake in Asian insurer AIA, a source said on Monday.
Asian shares were mixed on Tuesday, as prices were capped as investors waited for the U.S. Federal Reserve's policy decision this week and any progress in U.S. budget talks.
Shares in Chinese state-owned insurer PICC Group surged in its Hong Kong trading debut on Friday, a lone bright spot in an otherwise dismal year for initial public offerings in the city and most other big regional markets.
Asian shares were mixed on Thursday after U.S. President Barack Obama said a deal to avert the so-called fiscal cliff of year-end tax hikes and spending cuts was possible in "about a week" if Republicans compromise on taxes.
Zhengzhou Coal Mining shares tumble in its Hong Kong debut, negatively affecting the underwriters of the $300 million offering, underscoring reduced appetite for new IPOs.