IPO hopeful's business is built on a dead certainty: hundreds of millions of Chinese will die one day

One of the properties run by Fu Shou Yuan, in Shanghai, from where the company has expanded across the mainland. Photo: SCMP

Before Santa Claus visits Hong Kong this Christmas, a mainland firm in the “death care” business aims to go public in the city, offering investors the gift of a rare opportunity to make some quick cash, bankers say.

Wednesday, 4 December, 2013, 3:59am

CLSA's head of oil and gas and pig research

A market indicator.

The mainland's dead pigs story has been viewed with some interest by some financial institutions in Hong Kong, and not just out of morbid curiosity.

15 Mar 2013 - 4:37am

Outlook the same, with some bumps in volatility, Citi says

Citi is less bullish on 2013

Investors hoping for some relief from last year's uncertainty, volatility and various cliff dramas are in for a disappointment, according to Citi's view of the investment climate for the next 12 months. Indeed 2013 is likely to be very similar to last year, Citi says in its "2013 Outlook and Strategies" report.

23 Jan 2013 - 3:55am

Morgan Stanley, Citigroup agree to extension to deadline for brokerage evaluation

Photo: AP

Morgan Stanley and Citigroup have agreed to give an arbitrator additional time to evaluate the price tag for their Morgan Stanley Smith Barney brokerage joint venture, the banks said on Tuesday.

29 Aug 2012 - 9:34am

Citi says Nasdaq Facebook compensation plan should be much bigger

Facebook shares have dropped to almost half the original price, but executives say they are working on making it more lucrative. JAMES BEST JR./NYT

Citigroup slammed Nasdaq OMX Group’s plan to compensate firms harmed by Facebook’s botched market debut to the tune of US$62 million, saying in a regulatory filing that the exchange should be liable for hundreds of millions more, according to a letter seen by Reuters.

23 Aug 2012 - 12:09pm

Dogs demand pause for thought

The Citi Professor Paws Program run by Animals Asia Foundation in conjunction with financial service company Citi will be held again this year. More than 1,400 students aged from nine to 11 will take part.

Many children in Hong Kong do not have the chance to come into contact with dogs. This can lead to misconceptions and unjustifiably fearful attitudes towards the animals.

27 Nov 2007 - 12:00am

Citi hopes a little loan will go a long way

You may not be as glamorous Angelina Jolie or be able to rally the masses like Bono, but if you're a wealthy entrepreneur looking for ways to join these stars in the latest charity craze of microfinance, there's a new product out there for you.

26 Aug 2007 - 12:00am

Teaching the young the value of money

Sound financial management comes from a sound education - that is the mantra Citi wants Hong Kong's youth, from primary school youngsters to university graduates, to adopt.

Citi has sponsored a new book, Wisdom on Financial Management, which is published by Tung Wah Group of Hospitals Healthy Budgeting Family Debt Counselling Centre.

26 Jul 2007 - 12:00am

Citi eyes 13pc revenue growth in Hong Kong

Citi, the world's largest lender by market value, aimed to achieve a 13 per cent revenue growth in Hong Kong this year amid the buoyant stock market, according to the bank's new Hong Kong head.

'I'd like the country's business to grow at double the rate of the GDP growth per annum,' said Sim Lim, who replaced Chan Tze-ching as Citi's Hong Kong country officer last month.

3 Jul 2007 - 12:00am

Citi HK forecasts further growth

Citi's Hong Kong operations saw revenue rise by double digits in the first four months and it expects growth to continue for the rest of the year, according to Sim Lim, the city's new country officer.

Mr Lim also said the group's restructuring had little impact on Hong Kong, a market in which the bank would increase hiring to facilitate business growth.

8 May 2007 - 12:00am