The economy of Hong Kong is a highly developed free-market economy. It is characterised by low taxation, almost free port trade and a well-established international financial market. Its currency, called the Hong Kong dollar, is legally issued by three major international commercial banks, and is pegged to the US dollar. Interest rates are determined by the individual banks in Hong Kong to ensure that they are market driven. There is no officially recognised central banking system, although the Hong Kong Monetary Authority functions as a financial regulatory authority.
An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investment banks, who also arrange for the shares to be listed on one or more stock exchanges. Through this process, colloquially known as floating, or going public, a privately held company is transformed into a public company. Initial public offerings can be used to raise new equity capital for companies, to monetize the investments of private shareholders such as company founders or private equity investors, and to enable easy trading of existing holdings or future capital raising by becoming publicly traded.
Richard Li Tzar-kai is a Hong Kong businessman and philanthropist. The founder and chairman of the private investment group Pacific Century Group (PCG), Li started his career in the 1990s with the founding of STAR TV, a pan-Asian television network. After founding PCG in 1993, he went on to establish PCCW and HKT Trust.
Hong Leong Company (Malaysia) Berhad, more commonly known as Hong Leong Group, is a conglomerate based in Malaysia. Founded as a trading company in 1963 by Quek Leng Chan and Kwek Hong Png, the company controls 14 listed companies involved in the financial services, manufacturing, distribution, property and infrastructure development. The group's shares are listed on stock exchanges of Malaysia, Singapore, Hong Kong, and Europe.
Bank of Shanghai Co., Ltd. (BOSC) is an urban commercial bank based in Shanghai in China. The bank was ranked 73rd among 1000 banks around the world by The Banker in terms of their Tier 1 capital in 2020.
Tan Sri Quek Leng Chan is a Malaysian tycoon who co-founded Hong Leong Group Malaysia. In 2018, Quek Leng Chan ranked #217 on the Forbes World's Billionaires list, with wealth listed at US$7.2 billion. As of February 16, 2021, Tan Sri Quek's net worth is listed at US$9.9 billion and ranked 147th on Forbes.
Hong Leong Bank Berhad is a major public listed banking group in Malaysia.
Guoco Group Limited is an investment holding company. The principal activities of its subsidiaries and associated companies include investment and treasury management, property development and investment, stock and commodity broking, insurance, investment advisory, fund management as well as banking and finance, operating principally in Hong Kong, Singapore, Malaysia and Mainland China, etc. It is part of the Hong Leong Group, a conglomerate in Malaysia.
OYL Industries Berhad was a member of the Hong Leong Group Malaysia, until its 2006 acquisition by Japan's Daikin Industries. OYL was one of the largest air conditioner manufacturers, and post merger, made Daikin the number two manufacturer of air conditioning systems in the world.
The Civic Party (CP) was a pro-democracy liberal political party in Hong Kong.
Robert Warren Miller is an American-British billionaire, entrepreneur, co-founder of DFS, and sailing champion. He is the father of Marie-Chantal, Crown Princess of Greece, Princess Alexandra von Fürstenberg, and Pia Getty, dubbed by tabloids and high society as The Miller Sisters.
Canaccord Genuity Group Inc. is a global, full-service investment banking and financial services company that specializes in wealth management and brokerage in capital markets. It is the largest independent investment dealer in Canada. The firm focuses on growth companies, with operations in 10 countries worldwide and the ability to list companies on 10 stock exchanges. Canaccord Genuity, the international capital markets division, is based in Canada, with offices in the US, the UK, France, Germany, Ireland, Hong Kong, China, Singapore, Dubai, Australia, and Barbados.
Nguyễn Xuân Minh is the Executive Chairman of Techcom Securities, a subsidiary of Techcombank – a leading joint stock bank in Vietnam. Techcom Securities (TCBS) is the leading Wealthtech company and is the largest securities company in Vietnam in terms of profit and brand value. TCBS helps domestic companies raise in aggregate more than U$3 billion per year via Debt and Equity Capital Markets in Vietnam. It also has more than 80% market share in trading of local listed corporate bonds in Vietnam. Consecutively, Techcom Securities was named the Best Bond House in Vietnam for 2007–2016, 2008–2017 and 2009–2018 by Alpha Southeast Asia and the Best Debt Capital Markets House for 2017, 2018 and 2019 in Vietnam by FinanceAsia.
VTB Capital is a Russian investment bank. It is one of the three strategic business arms of VTB Group, along with the corporate and retail businesses.
Leong Ka Hang is a former Macanese professional footballer who played as a striker.
Lloyds Development Capital (Holdings) Limited (LDC), is a mid-market private equity house and subsidiary of Lloyds Banking Group, established in 1981 as Lloyds Development Capital Limited. From 1999 to 2011, it was known as Lloyds TSB Development Capital Limited.
Amanah Raya Berhad is a Malaysian trustee company, wholly owned by the Government of Malaysia.
Leong Mun Wai is a Singaporean politician, financial executive, and former civil servant. A member of the opposition Progress Singapore Party (PSP), he has been a Non-Constituency Member of Parliament of the 14th Parliament of Singapore since 2020 and served as Secretary-General of the PSP from 2023 to 2024.
Somerley Capital (Somerley) is a investment banking firm based in Hong Kong. The firm mainly provides corporate finance advisory services to clients. It also has acted as a sponsor to initial public offerings held in Hong Kong as well as managed and underwritten secondary equity issues.
