Deutsche Bank Stops Sponsoring H.K. IPOs on Staffing Lapse_老虎社区_美港股上老虎

Deutsche Bank Stops Sponsoring H.K. IPOs on Staffing Lapse

Bloomberg2021-06-30

German lender failed to keep principals in place to sponsor Deutsche Bank is rebuilding its equities desk after 2019 exit Deutsche Bank AG will be unable to sponsor initial public offerings in Hong ...

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SamYLynn
·2021-06-30
🤭
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- SamYLynn:
  Woops
  2021-06-30
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JoelVHJW
·2021-06-30
Interesting
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Albert13
·2021-06-30
Great!
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点赞
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Lauuu
·2021-06-30
Liked pls
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Fishleg
·2021-06-30
🙌
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- Fishleg:
  🙌
  2021-06-30
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Qlee10
·2021-06-30
like for like
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小霖妹子
·2021-06-30
Pls like tq
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3
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milltheongz
·2021-06-30
Lik pls
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darrenlsw
·2021-06-30
Not enough staff. Go hire
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- Silverlitz:
  Create employment
  2021-07-02
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BigMac8885
·2021-06-30
Pls like and comment
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- Huatkia168:
  Done. please comment back. thank you.
  2021-06-30
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- BigMac8885:
  ThAnks buddy. huat ar !
  2021-06-30
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- Foxie:
  Comment!!
  2021-07-01
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William_Ong
·2021-06-30
I love it
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Catto
·2021-06-30
Meow
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IPOs on Staffing Lapse\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-30 15:58 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-06-30/deutsche-bank-to-stop-sponsoring-h-k-ipos-after-staffing-lapse><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>German lender failed to keep principals in place to sponsor\nDeutsche Bank is rebuilding its equities desk after 2019 exit\n\nDeutsche Bank AG will be unable to sponsor initial public offerings in Hong ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-06-30/deutsche-bank-to-stop-sponsoring-h-k-ipos-after-staffing-lapse\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"DB","symbol_name":"德意志银行","start_time":0,"source_url":"https://www.bloomberg.com/news/articles/2021-06-30/deutsche-bank-to-stop-sponsoring-h-k-ipos-after-staffing-lapse","article_id":"1195903421","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1195903421","pubTimestamp":1625039934,"sourceInfo":{"source_id":"lsy1584095487587","name":"Bloomberg"},"weMediaInfo":null,"summary":"German lender failed to keep principals in place to sponsor\nDeutsche Bank is rebuilding its equities","collect":0,"end_time":0,"defaultTopTitle":"bloomberg.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"DB":"德意志银行"},"translate_title":"德意志银行停止赞助香港因人员短缺而进行的首次公开募股","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"DB":0.9},"content_text":"German lender failed to keep principals in place to sponsor\nDeutsche Bank is rebuilding its equities desk after 2019 exit\n\nDeutsche Bank AG will be unable to sponsor initial public offerings in Hong Kong as the German lender failed to replace the staff needed by regulators in one of the world’s biggest markets for share sales.\nThe bank has hired replacements who will start in a matter of weeks and will be able to resume its sponsor roles when the principals are on board, a Hong Kong-based spokeswoman said. 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One of them must have at least five years of corporate finance experience in Hong Kong and played a substantial role in previous sponsorship.</p>\n<p>A spokesman at the SFC declined to comment when reached by Bloomberg News.</p>\n<p>“It shouldn’t take too long for the SFC to approve a new IPO sponsor principal in general, given that the person’s credential fits and satisfies the regulator and there are no outstanding issues regarding the company or the person,” said Josephine Chung, a director at CompliancePlus Consulting, who advises on license applications.</p>\n<p>Poon Tsz Yuen, a responsible officer at Deutsche Bank, resigned recently, the spokeswoman said. Rowena Wang, a former responsible officer at the German bank, had her license terminated on June 16, according to the SFC website.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Deutsche Bank Stops Sponsoring H.K. 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IPOs on Staffing Lapse\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-30 15:58 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-06-30/deutsche-bank-to-stop-sponsoring-h-k-ipos-after-staffing-lapse><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>German lender failed to keep principals in place to sponsor\nDeutsche Bank is rebuilding its equities desk after 2019 exit\n\nDeutsche Bank AG will be unable to sponsor initial public offerings in Hong ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-06-30/deutsche-bank-to-stop-sponsoring-h-k-ipos-after-staffing-lapse\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"DB":"德意志银行"},"source_url":"https://www.bloomberg.com/news/articles/2021-06-30/deutsche-bank-to-stop-sponsoring-h-k-ipos-after-staffing-lapse","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1195903421","content_text":"German lender failed to keep principals in place to sponsor\nDeutsche Bank is rebuilding its equities desk after 2019 exit\n\nDeutsche Bank AG will be unable to sponsor initial public offerings in Hong Kong as the German lender failed to replace the staff needed by regulators in one of the world’s biggest markets for share sales.\nThe bank has hired replacements who will start in a matter of weeks and will be able to resume its sponsor roles when the principals are on board, a Hong Kong-based spokeswoman said. The news was earlier reported by the Financial Times.\nThe hiccup comes as the bank attempts to rebuild its equity capital markets business in Asia after it shuttered most of that businesses and cut 18,000 jobs globally. While the bank has plans to hire a dozen bankers for the business, seeking to tap strong demand for share sales, it has only acted as a sponsor for a $170 million deal in Hong Kong since its equities exit in July 2019, according to data compiled by Bloomberg.\nThe issue suggests there were poor internal controls at Deutsche Bank, a person close to the Securities and Futures Commission, Hong Kong’s financial regulator, told the FT. The lender also needs approval from the SFC, which could be a slow process, the newspaper said. It will still be able to underwrite IPOs until its sponsor license is renewed.\nA sponsor, the most prominent role in an IPO, must have at least two principals in order to carry out the activity. One of them must have at least five years of corporate finance experience in Hong Kong and played a substantial role in previous sponsorship.\nA spokesman at the SFC declined to comment when reached by Bloomberg News.\n“It shouldn’t take too long for the SFC to approve a new IPO sponsor principal in general, given that the person’s credential fits and satisfies the regulator and there are no outstanding issues regarding the company or the person,” said Josephine Chung, a director at CompliancePlus Consulting, who advises on license applications.\nPoon Tsz Yuen, a responsible officer at Deutsche Bank, resigned recently, the spokeswoman said. Rowena Wang, a former responsible officer at the German bank, had her license terminated on June 16, according to the SFC website.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5081740,"gmtCreate":1625062448366,"gmtModify":1631891659615,"authorId":4087969217298310,"author":{"id":4087969217298310,"authorId":4087969217298310,"name":"SamYLynn","avatar":"https://static.tigerbbs.com/2581a5661edccdf8baba42d6c0fe2d18","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":151943866,"type":1,"supId":0,"prevId":0,"content":"Woops","text":"Woops","html":"Woops"}],"langContent":"EN"},{"id":153463302,"gmtCreate":1625043128306,"gmtModify":1633945518436,"author":{"id":"3586336481373852","authorId":"3586336481373852","authorIdStr":"3586336481373852","name":"JoelVHJW","avatar":"https://static.tigerbbs.com/14b7fcf791194d0e9b026037088989a4","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3586336481373852"},"htmlText":"Interesting","listText":"Interesting","text":"Interesting","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/153463302","repostId":1195903421,"repostType":4,"repost":{"id":"1195903421","pubTimestamp":1625039934,"share":"https://www.laohu8.com/m/news/1195903421?lang=&edition=full","pubTime":"2021-06-30 15:58","market":"hk","language":"en","title":"Deutsche Bank Stops Sponsoring H.K. IPOs on Staffing Lapse","url":"https://stock-news.laohu8.com/highlight/detail?id=1195903421","media":"Bloomberg","summary":"German lender failed to keep principals in place to sponsor\nDeutsche Bank is rebuilding its equities","content":"<ul>\n <li>German lender failed to keep principals in place to sponsor</li>\n <li>Deutsche Bank is rebuilding its equities desk after 2019 exit</li>\n</ul>\n<p>Deutsche Bank AG&nbsp;will be unable to sponsor initial public offerings in Hong Kong as the German lender failed to replace the staff needed by regulators in one of the world’s biggest markets for share sales.</p>\n<p>The bank has hired replacements who will start in a matter of weeks and will be able to resume its sponsor roles when the principals are on board, a Hong Kong-based spokeswoman said. The news was earlier reported by the Financial Times.</p>\n<p>The hiccup comes as the bank attempts to rebuild its equity capital markets business in Asia after it shuttered most of that businesses and cut 18,000 jobs globally. While the bank has plans to hire a dozen bankers for the business, seeking to tap strong demand for share sales, it has only acted as a sponsor for a $170 million deal in Hong Kong since its equities exit in July 2019, according to data compiled by Bloomberg.</p>\n<p>The issue suggests there were poor internal controls at Deutsche Bank, a person close to the Securities and Futures Commission, Hong Kong’s financial regulator, told the FT. The lender also needs approval from the SFC, which could be a slow process, the newspaper said. It will still be able to underwrite IPOs until its sponsor license is renewed.</p>\n<p>A sponsor, the most prominent role in an IPO, must have at least two principals in order to carry out the activity. One of them must have at least five years of corporate finance experience in Hong Kong and played a substantial role in previous sponsorship.</p>\n<p>A spokesman at the SFC declined to comment when reached by Bloomberg News.</p>\n<p>“It shouldn’t take too long for the SFC to approve a new IPO sponsor principal in general, given that the person’s credential fits and satisfies the regulator and there are no outstanding issues regarding the company or the person,” said Josephine Chung, a director at CompliancePlus Consulting, who advises on license applications.</p>\n<p>Poon Tsz Yuen, a responsible officer at Deutsche Bank, resigned recently, the spokeswoman said. Rowena Wang, a former responsible officer at the German bank, had her license terminated on June 16, according to the SFC website.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Deutsche Bank Stops Sponsoring H.K. IPOs on Staffing Lapse</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nDeutsche Bank Stops Sponsoring H.K. IPOs on Staffing Lapse\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-30 15:58 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-06-30/deutsche-bank-to-stop-sponsoring-h-k-ipos-after-staffing-lapse><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>German lender failed to keep principals in place to sponsor\nDeutsche Bank is rebuilding its equities desk after 2019 exit\n\nDeutsche Bank AG will be unable to sponsor initial public offerings in Hong ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-06-30/deutsche-bank-to-stop-sponsoring-h-k-ipos-after-staffing-lapse\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"DB":"德意志银行"},"source_url":"https://www.bloomberg.com/news/articles/2021-06-30/deutsche-bank-to-stop-sponsoring-h-k-ipos-after-staffing-lapse","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1195903421","content_text":"German lender failed to keep principals in place to sponsor\nDeutsche Bank is rebuilding its equities desk after 2019 exit\n\nDeutsche Bank AG will be unable to sponsor initial public offerings in Hong Kong as the German lender failed to replace the staff needed by regulators in one of the world’s biggest markets for share sales.\nThe bank has hired replacements who will start in a matter of weeks and will be able to resume its sponsor roles when the principals are on board, a Hong Kong-based spokeswoman said. The news was earlier reported by the Financial Times.\nThe hiccup comes as the bank attempts to rebuild its equity capital markets business in Asia after it shuttered most of that businesses and cut 18,000 jobs globally. While the bank has plans to hire a dozen bankers for the business, seeking to tap strong demand for share sales, it has only acted as a sponsor for a $170 million deal in Hong Kong since its equities exit in July 2019, according to data compiled by Bloomberg.\nThe issue suggests there were poor internal controls at Deutsche Bank, a person close to the Securities and Futures Commission, Hong Kong’s financial regulator, told the FT. The lender also needs approval from the SFC, which could be a slow process, the newspaper said. It will still be able to underwrite IPOs until its sponsor license is renewed.\nA sponsor, the most prominent role in an IPO, must have at least two principals in order to carry out the activity. One of them must have at least five years of corporate finance experience in Hong Kong and played a substantial role in previous sponsorship.\nA spokesman at the SFC declined to comment when reached by Bloomberg News.\n“It shouldn’t take too long for the SFC to approve a new IPO sponsor principal in general, given that the person’s credential fits and satisfies the regulator and there are no outstanding issues regarding the company or the person,” said Josephine Chung, a director at CompliancePlus Consulting, who advises on license applications.\nPoon Tsz Yuen, a responsible officer at Deutsche Bank, resigned recently, the spokeswoman said. Rowena Wang, a former responsible officer at the German bank, had her license terminated on June 16, according to the SFC website.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":153483437,"gmtCreate":1625042478429,"gmtModify":1631890248905,"author":{"id":"3575203925789580","authorId":"3575203925789580","authorIdStr":"3575203925789580","name":"Albert13","avatar":"https://static.tigerbbs.com/1f0293842bcb3748caba5c1ddc560cfb","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3575203925789580"},"htmlText":"Great!","listText":"Great!","text":"Great!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/153483437","repostId":1195903421,"repostType":4,"repost":{"id":"1195903421","pubTimestamp":1625039934,"share":"https://www.laohu8.com/m/news/1195903421?lang=&edition=full","pubTime":"2021-06-30 15:58","market":"hk","language":"en","title":"Deutsche Bank Stops Sponsoring H.K. IPOs on Staffing Lapse","url":"https://stock-news.laohu8.com/highlight/detail?id=1195903421","media":"Bloomberg","summary":"German lender failed to keep principals in place to sponsor\nDeutsche Bank is rebuilding its equities","content":"<ul>\n <li>German lender failed to keep principals in place to sponsor</li>\n <li>Deutsche Bank is rebuilding its equities desk after 2019 exit</li>\n</ul>\n<p>Deutsche Bank AG&nbsp;will be unable to sponsor initial public offerings in Hong Kong as the German lender failed to replace the staff needed by regulators in one of the world’s biggest markets for share sales.</p>\n<p>The bank has hired replacements who will start in a matter of weeks and will be able to resume its sponsor roles when the principals are on board, a Hong Kong-based spokeswoman said. The news was earlier reported by the Financial Times.</p>\n<p>The hiccup comes as the bank attempts to rebuild its equity capital markets business in Asia after it shuttered most of that businesses and cut 18,000 jobs globally. While the bank has plans to hire a dozen bankers for the business, seeking to tap strong demand for share sales, it has only acted as a sponsor for a $170 million deal in Hong Kong since its equities exit in July 2019, according to data compiled by Bloomberg.</p>\n<p>The issue suggests there were poor internal controls at Deutsche Bank, a person close to the Securities and Futures Commission, Hong Kong’s financial regulator, told the FT. The lender also needs approval from the SFC, which could be a slow process, the newspaper said. It will still be able to underwrite IPOs until its sponsor license is renewed.</p>\n<p>A sponsor, the most prominent role in an IPO, must have at least two principals in order to carry out the activity. One of them must have at least five years of corporate finance experience in Hong Kong and played a substantial role in previous sponsorship.</p>\n<p>A spokesman at the SFC declined to comment when reached by Bloomberg News.</p>\n<p>“It shouldn’t take too long for the SFC to approve a new IPO sponsor principal in general, given that the person’s credential fits and satisfies the regulator and there are no outstanding issues regarding the company or the person,” said Josephine Chung, a director at CompliancePlus Consulting, who advises on license applications.</p>\n<p>Poon Tsz Yuen, a responsible officer at Deutsche Bank, resigned recently, the spokeswoman said. Rowena Wang, a former responsible officer at the German bank, had her license terminated on June 16, according to the SFC website.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Deutsche Bank Stops Sponsoring H.K. IPOs on Staffing Lapse</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nDeutsche Bank Stops Sponsoring H.K. IPOs on Staffing Lapse\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-30 15:58 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-06-30/deutsche-bank-to-stop-sponsoring-h-k-ipos-after-staffing-lapse><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>German lender failed to keep principals in place to sponsor\nDeutsche Bank is rebuilding its equities desk after 2019 exit\n\nDeutsche Bank AG will be unable to sponsor initial public offerings in Hong ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-06-30/deutsche-bank-to-stop-sponsoring-h-k-ipos-after-staffing-lapse\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"DB":"德意志银行"},"source_url":"https://www.bloomberg.com/news/articles/2021-06-30/deutsche-bank-to-stop-sponsoring-h-k-ipos-after-staffing-lapse","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1195903421","content_text":"German lender failed to keep principals in place to sponsor\nDeutsche Bank is rebuilding its equities desk after 2019 exit\n\nDeutsche Bank AG will be unable to sponsor initial public offerings in Hong Kong as the German lender failed to replace the staff needed by regulators in one of the world’s biggest markets for share sales.\nThe bank has hired replacements who will start in a matter of weeks and will be able to resume its sponsor roles when the principals are on board, a Hong Kong-based spokeswoman said. The news was earlier reported by the Financial Times.\nThe hiccup comes as the bank attempts to rebuild its equity capital markets business in Asia after it shuttered most of that businesses and cut 18,000 jobs globally. While the bank has plans to hire a dozen bankers for the business, seeking to tap strong demand for share sales, it has only acted as a sponsor for a $170 million deal in Hong Kong since its equities exit in July 2019, according to data compiled by Bloomberg.\nThe issue suggests there were poor internal controls at Deutsche Bank, a person close to the Securities and Futures Commission, Hong Kong’s financial regulator, told the FT. The lender also needs approval from the SFC, which could be a slow process, the newspaper said. It will still be able to underwrite IPOs until its sponsor license is renewed.\nA sponsor, the most prominent role in an IPO, must have at least two principals in order to carry out the activity. One of them must have at least five years of corporate finance experience in Hong Kong and played a substantial role in previous sponsorship.\nA spokesman at the SFC declined to comment when reached by Bloomberg News.\n“It shouldn’t take too long for the SFC to approve a new IPO sponsor principal in general, given that the person’s credential fits and satisfies the regulator and there are no outstanding issues regarding the company or the person,” said Josephine Chung, a director at CompliancePlus Consulting, who advises on license applications.\nPoon Tsz Yuen, a responsible officer at Deutsche Bank, resigned recently, the spokeswoman said. Rowena Wang, a former responsible officer at the German bank, had her license terminated on June 16, according to the SFC website.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":153418603,"gmtCreate":1625042060702,"gmtModify":1633945531261,"author":{"id":"3576024520094293","authorId":"3576024520094293","authorIdStr":"3576024520094293","name":"Lauuu","avatar":"https://static.tigerbbs.com/02c1a1e93d0024ed67162afaf9bd827e","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3576024520094293"},"htmlText":"Liked pls","listText":"Liked pls","text":"Liked pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/153418603","repostId":1195903421,"repostType":4,"repost":{"id":"1195903421","pubTimestamp":1625039934,"share":"https://www.laohu8.com/m/news/1195903421?lang=&edition=full","pubTime":"2021-06-30 15:58","market":"hk","language":"en","title":"Deutsche Bank Stops Sponsoring H.K. IPOs on Staffing Lapse","url":"https://stock-news.laohu8.com/highlight/detail?id=1195903421","media":"Bloomberg","summary":"German lender failed to keep principals in place to sponsor\nDeutsche Bank is rebuilding its equities","content":"<ul>\n <li>German lender failed to keep principals in place to sponsor</li>\n <li>Deutsche Bank is rebuilding its equities desk after 2019 exit</li>\n</ul>\n<p>Deutsche Bank AG&nbsp;will be unable to sponsor initial public offerings in Hong Kong as the German lender failed to replace the staff needed by regulators in one of the world’s biggest markets for share sales.</p>\n<p>The bank has hired replacements who will start in a matter of weeks and will be able to resume its sponsor roles when the principals are on board, a Hong Kong-based spokeswoman said. The news was earlier reported by the Financial Times.</p>\n<p>The hiccup comes as the bank attempts to rebuild its equity capital markets business in Asia after it shuttered most of that businesses and cut 18,000 jobs globally. While the bank has plans to hire a dozen bankers for the business, seeking to tap strong demand for share sales, it has only acted as a sponsor for a $170 million deal in Hong Kong since its equities exit in July 2019, according to data compiled by Bloomberg.</p>\n<p>The issue suggests there were poor internal controls at Deutsche Bank, a person close to the Securities and Futures Commission, Hong Kong’s financial regulator, told the FT. The lender also needs approval from the SFC, which could be a slow process, the newspaper said. It will still be able to underwrite IPOs until its sponsor license is renewed.</p>\n<p>A sponsor, the most prominent role in an IPO, must have at least two principals in order to carry out the activity. One of them must have at least five years of corporate finance experience in Hong Kong and played a substantial role in previous sponsorship.</p>\n<p>A spokesman at the SFC declined to comment when reached by Bloomberg News.</p>\n<p>“It shouldn’t take too long for the SFC to approve a new IPO sponsor principal in general, given that the person’s credential fits and satisfies the regulator and there are no outstanding issues regarding the company or the person,” said Josephine Chung, a director at CompliancePlus Consulting, who advises on license applications.</p>\n<p>Poon Tsz Yuen, a responsible officer at Deutsche Bank, resigned recently, the spokeswoman said. Rowena Wang, a former responsible officer at the German bank, had her license terminated on June 16, according to the SFC website.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Deutsche Bank Stops Sponsoring H.K. IPOs on Staffing Lapse</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nDeutsche Bank Stops Sponsoring H.K. IPOs on Staffing Lapse\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-30 15:58 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-06-30/deutsche-bank-to-stop-sponsoring-h-k-ipos-after-staffing-lapse><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>German lender failed to keep principals in place to sponsor\nDeutsche Bank is rebuilding its equities desk after 2019 exit\n\nDeutsche Bank AG will be unable to sponsor initial public offerings in Hong ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-06-30/deutsche-bank-to-stop-sponsoring-h-k-ipos-after-staffing-lapse\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"DB":"德意志银行"},"source_url":"https://www.bloomberg.com/news/articles/2021-06-30/deutsche-bank-to-stop-sponsoring-h-k-ipos-after-staffing-lapse","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1195903421","content_text":"German lender failed to keep principals in place to sponsor\nDeutsche Bank is rebuilding its equities desk after 2019 exit\n\nDeutsche Bank AG will be unable to sponsor initial public offerings in Hong Kong as the German lender failed to replace the staff needed by regulators in one of the world’s biggest markets for share sales.\nThe bank has hired replacements who will start in a matter of weeks and will be able to resume its sponsor roles when the principals are on board, a Hong Kong-based spokeswoman said. The news was earlier reported by the Financial Times.\nThe hiccup comes as the bank attempts to rebuild its equity capital markets business in Asia after it shuttered most of that businesses and cut 18,000 jobs globally. While the bank has plans to hire a dozen bankers for the business, seeking to tap strong demand for share sales, it has only acted as a sponsor for a $170 million deal in Hong Kong since its equities exit in July 2019, according to data compiled by Bloomberg.\nThe issue suggests there were poor internal controls at Deutsche Bank, a person close to the Securities and Futures Commission, Hong Kong’s financial regulator, told the FT. The lender also needs approval from the SFC, which could be a slow process, the newspaper said. It will still be able to underwrite IPOs until its sponsor license is renewed.\nA sponsor, the most prominent role in an IPO, must have at least two principals in order to carry out the activity. One of them must have at least five years of corporate finance experience in Hong Kong and played a substantial role in previous sponsorship.\nA spokesman at the SFC declined to comment when reached by Bloomberg News.\n“It shouldn’t take too long for the SFC to approve a new IPO sponsor principal in general, given that the person’s credential fits and satisfies the regulator and there are no outstanding issues regarding the company or the person,” said Josephine Chung, a director at CompliancePlus Consulting, who advises on license applications.\nPoon Tsz Yuen, a responsible officer at Deutsche Bank, resigned recently, the spokeswoman said. Rowena Wang, a former responsible officer at the German bank, had her license terminated on June 16, according to the SFC website.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":153434207,"gmtCreate":1625041735709,"gmtModify":1631892545728,"author":{"id":"3581580235774783","authorId":"3581580235774783","authorIdStr":"3581580235774783","name":"Fishleg","avatar":"https://static.tigerbbs.com/f15d7ad9123a41ff258e8f90a304b592","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3581580235774783"},"htmlText":"🙌","listText":"🙌","text":"🙌","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/153434207","repostId":1195903421,"repostType":4,"repost":{"id":"1195903421","pubTimestamp":1625039934,"share":"https://www.laohu8.com/m/news/1195903421?lang=&edition=full","pubTime":"2021-06-30 15:58","market":"hk","language":"en","title":"Deutsche Bank Stops Sponsoring H.K. IPOs on Staffing Lapse","url":"https://stock-news.laohu8.com/highlight/detail?id=1195903421","media":"Bloomberg","summary":"German lender failed to keep principals in place to sponsor\nDeutsche Bank is rebuilding its equities","content":"<ul>\n <li>German lender failed to keep principals in place to sponsor</li>\n <li>Deutsche Bank is rebuilding its equities desk after 2019 exit</li>\n</ul>\n<p>Deutsche Bank AG&nbsp;will be unable to sponsor initial public offerings in Hong Kong as the German lender failed to replace the staff needed by regulators in one of the world’s biggest markets for share sales.</p>\n<p>The bank has hired replacements who will start in a matter of weeks and will be able to resume its sponsor roles when the principals are on board, a Hong Kong-based spokeswoman said. The news was earlier reported by the Financial Times.</p>\n<p>The hiccup comes as the bank attempts to rebuild its equity capital markets business in Asia after it shuttered most of that businesses and cut 18,000 jobs globally. While the bank has plans to hire a dozen bankers for the business, seeking to tap strong demand for share sales, it has only acted as a sponsor for a $170 million deal in Hong Kong since its equities exit in July 2019, according to data compiled by Bloomberg.</p>\n<p>The issue suggests there were poor internal controls at Deutsche Bank, a person close to the Securities and Futures Commission, Hong Kong’s financial regulator, told the FT. The lender also needs approval from the SFC, which could be a slow process, the newspaper said. It will still be able to underwrite IPOs until its sponsor license is renewed.</p>\n<p>A sponsor, the most prominent role in an IPO, must have at least two principals in order to carry out the activity. One of them must have at least five years of corporate finance experience in Hong Kong and played a substantial role in previous sponsorship.</p>\n<p>A spokesman at the SFC declined to comment when reached by Bloomberg News.</p>\n<p>“It shouldn’t take too long for the SFC to approve a new IPO sponsor principal in general, given that the person’s credential fits and satisfies the regulator and there are no outstanding issues regarding the company or the person,” said Josephine Chung, a director at CompliancePlus Consulting, who advises on license applications.</p>\n<p>Poon Tsz Yuen, a responsible officer at Deutsche Bank, resigned recently, the spokeswoman said. Rowena Wang, a former responsible officer at the German bank, had her license terminated on June 16, according to the SFC website.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Deutsche Bank Stops Sponsoring H.K. IPOs on Staffing Lapse</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nDeutsche Bank Stops Sponsoring H.K. IPOs on Staffing Lapse\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-30 15:58 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-06-30/deutsche-bank-to-stop-sponsoring-h-k-ipos-after-staffing-lapse><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>German lender failed to keep principals in place to sponsor\nDeutsche Bank is rebuilding its equities desk after 2019 exit\n\nDeutsche Bank AG will be unable to sponsor initial public offerings in Hong ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-06-30/deutsche-bank-to-stop-sponsoring-h-k-ipos-after-staffing-lapse\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"DB":"德意志银行"},"source_url":"https://www.bloomberg.com/news/articles/2021-06-30/deutsche-bank-to-stop-sponsoring-h-k-ipos-after-staffing-lapse","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1195903421","content_text":"German lender failed to keep principals in place to sponsor\nDeutsche Bank is rebuilding its equities desk after 2019 exit\n\nDeutsche Bank AG will be unable to sponsor initial public offerings in Hong Kong as the German lender failed to replace the staff needed by regulators in one of the world’s biggest markets for share sales.\nThe bank has hired replacements who will start in a matter of weeks and will be able to resume its sponsor roles when the principals are on board, a Hong Kong-based spokeswoman said. The news was earlier reported by the Financial Times.\nThe hiccup comes as the bank attempts to rebuild its equity capital markets business in Asia after it shuttered most of that businesses and cut 18,000 jobs globally. While the bank has plans to hire a dozen bankers for the business, seeking to tap strong demand for share sales, it has only acted as a sponsor for a $170 million deal in Hong Kong since its equities exit in July 2019, according to data compiled by Bloomberg.\nThe issue suggests there were poor internal controls at Deutsche Bank, a person close to the Securities and Futures Commission, Hong Kong’s financial regulator, told the FT. The lender also needs approval from the SFC, which could be a slow process, the newspaper said. It will still be able to underwrite IPOs until its sponsor license is renewed.\nA sponsor, the most prominent role in an IPO, must have at least two principals in order to carry out the activity. One of them must have at least five years of corporate finance experience in Hong Kong and played a substantial role in previous sponsorship.\nA spokesman at the SFC declined to comment when reached by Bloomberg News.\n“It shouldn’t take too long for the SFC to approve a new IPO sponsor principal in general, given that the person’s credential fits and satisfies the regulator and there are no outstanding issues regarding the company or the person,” said Josephine Chung, a director at CompliancePlus Consulting, who advises on license applications.\nPoon Tsz Yuen, a responsible officer at Deutsche Bank, resigned recently, the spokeswoman said. Rowena Wang, a former responsible officer at the German bank, had her license terminated on June 16, according to the SFC website.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5078838,"gmtCreate":1625041749651,"gmtModify":1635240733491,"authorId":3581580235774783,"author":{"id":3581580235774783,"authorId":3581580235774783,"name":"Fishleg","avatar":"https://static.tigerbbs.com/f15d7ad9123a41ff258e8f90a304b592","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":153434207,"type":1,"supId":0,"prevId":0,"content":"🙌","text":"🙌","html":"🙌"}],"langContent":"EN"},{"id":153435764,"gmtCreate":1625041683558,"gmtModify":1631892901477,"author":{"id":"3559003590411925","authorId":"3559003590411925","authorIdStr":"3559003590411925","name":"Qlee10","avatar":"https://static.tigerbbs.com/044cc5835b2fd80d79e0c6674a31d0c1","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3559003590411925"},"htmlText":"like for like&nbsp;","listText":"like for like&nbsp;","text":"like for like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/153435764","repostId":1195903421,"repostType":4,"repost":{"id":"1195903421","pubTimestamp":1625039934,"share":"https://www.laohu8.com/m/news/1195903421?lang=&edition=full","pubTime":"2021-06-30 15:58","market":"hk","language":"en","title":"Deutsche Bank Stops Sponsoring H.K. IPOs on Staffing Lapse","url":"https://stock-news.laohu8.com/highlight/detail?id=1195903421","media":"Bloomberg","summary":"German lender failed to keep principals in place to sponsor\nDeutsche Bank is rebuilding its equities","content":"<ul>\n <li>German lender failed to keep principals in place to sponsor</li>\n <li>Deutsche Bank is rebuilding its equities desk after 2019 exit</li>\n</ul>\n<p>Deutsche Bank AG&nbsp;will be unable to sponsor initial public offerings in Hong Kong as the German lender failed to replace the staff needed by regulators in one of the world’s biggest markets for share sales.</p>\n<p>The bank has hired replacements who will start in a matter of weeks and will be able to resume its sponsor roles when the principals are on board, a Hong Kong-based spokeswoman said. The news was earlier reported by the Financial Times.</p>\n<p>The hiccup comes as the bank attempts to rebuild its equity capital markets business in Asia after it shuttered most of that businesses and cut 18,000 jobs globally. While the bank has plans to hire a dozen bankers for the business, seeking to tap strong demand for share sales, it has only acted as a sponsor for a $170 million deal in Hong Kong since its equities exit in July 2019, according to data compiled by Bloomberg.</p>\n<p>The issue suggests there were poor internal controls at Deutsche Bank, a person close to the Securities and Futures Commission, Hong Kong’s financial regulator, told the FT. The lender also needs approval from the SFC, which could be a slow process, the newspaper said. It will still be able to underwrite IPOs until its sponsor license is renewed.</p>\n<p>A sponsor, the most prominent role in an IPO, must have at least two principals in order to carry out the activity. One of them must have at least five years of corporate finance experience in Hong Kong and played a substantial role in previous sponsorship.</p>\n<p>A spokesman at the SFC declined to comment when reached by Bloomberg News.</p>\n<p>“It shouldn’t take too long for the SFC to approve a new IPO sponsor principal in general, given that the person’s credential fits and satisfies the regulator and there are no outstanding issues regarding the company or the person,” said Josephine Chung, a director at CompliancePlus Consulting, who advises on license applications.</p>\n<p>Poon Tsz Yuen, a responsible officer at Deutsche Bank, resigned recently, the spokeswoman said. Rowena Wang, a former responsible officer at the German bank, had her license terminated on June 16, according to the SFC website.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Deutsche Bank Stops Sponsoring H.K. IPOs on Staffing Lapse</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nDeutsche Bank Stops Sponsoring H.K. IPOs on Staffing Lapse\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-30 15:58 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-06-30/deutsche-bank-to-stop-sponsoring-h-k-ipos-after-staffing-lapse><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>German lender failed to keep principals in place to sponsor\nDeutsche Bank is rebuilding its equities desk after 2019 exit\n\nDeutsche Bank AG will be unable to sponsor initial public offerings in Hong ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-06-30/deutsche-bank-to-stop-sponsoring-h-k-ipos-after-staffing-lapse\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"DB":"德意志银行"},"source_url":"https://www.bloomberg.com/news/articles/2021-06-30/deutsche-bank-to-stop-sponsoring-h-k-ipos-after-staffing-lapse","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1195903421","content_text":"German lender failed to keep principals in place to sponsor\nDeutsche Bank is rebuilding its equities desk after 2019 exit\n\nDeutsche Bank AG will be unable to sponsor initial public offerings in Hong Kong as the German lender failed to replace the staff needed by regulators in one of the world’s biggest markets for share sales.\nThe bank has hired replacements who will start in a matter of weeks and will be able to resume its sponsor roles when the principals are on board, a Hong Kong-based spokeswoman said. The news was earlier reported by the Financial Times.\nThe hiccup comes as the bank attempts to rebuild its equity capital markets business in Asia after it shuttered most of that businesses and cut 18,000 jobs globally. While the bank has plans to hire a dozen bankers for the business, seeking to tap strong demand for share sales, it has only acted as a sponsor for a $170 million deal in Hong Kong since its equities exit in July 2019, according to data compiled by Bloomberg.\nThe issue suggests there were poor internal controls at Deutsche Bank, a person close to the Securities and Futures Commission, Hong Kong’s financial regulator, told the FT. The lender also needs approval from the SFC, which could be a slow process, the newspaper said. It will still be able to underwrite IPOs until its sponsor license is renewed.\nA sponsor, the most prominent role in an IPO, must have at least two principals in order to carry out the activity. One of them must have at least five years of corporate finance experience in Hong Kong and played a substantial role in previous sponsorship.\nA spokesman at the SFC declined to comment when reached by Bloomberg News.\n“It shouldn’t take too long for the SFC to approve a new IPO sponsor principal in general, given that the person’s credential fits and satisfies the regulator and there are no outstanding issues regarding the company or the person,” said Josephine Chung, a director at CompliancePlus Consulting, who advises on license applications.\nPoon Tsz Yuen, a responsible officer at Deutsche Bank, resigned recently, the spokeswoman said. Rowena Wang, a former responsible officer at the German bank, had her license terminated on June 16, according to the SFC website.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":153407402,"gmtCreate":1625040666606,"gmtModify":1633945548580,"author":{"id":"3579326417741698","authorId":"3579326417741698","authorIdStr":"3579326417741698","name":"小霖妹子","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3579326417741698"},"htmlText":"Pls like tq","listText":"Pls like tq","text":"Pls like tq","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/153407402","repostId":1195903421,"repostType":4,"repost":{"id":"1195903421","pubTimestamp":1625039934,"share":"https://www.laohu8.com/m/news/1195903421?lang=&edition=full","pubTime":"2021-06-30 15:58","market":"hk","language":"en","title":"Deutsche Bank Stops Sponsoring H.K. IPOs on Staffing Lapse","url":"https://stock-news.laohu8.com/highlight/detail?id=1195903421","media":"Bloomberg","summary":"German lender failed to keep principals in place to sponsor\nDeutsche Bank is rebuilding its equities","content":"<ul>\n <li>German lender failed to keep principals in place to sponsor</li>\n <li>Deutsche Bank is rebuilding its equities desk after 2019 exit</li>\n</ul>\n<p>Deutsche Bank AG&nbsp;will be unable to sponsor initial public offerings in Hong Kong as the German lender failed to replace the staff needed by regulators in one of the world’s biggest markets for share sales.</p>\n<p>The bank has hired replacements who will start in a matter of weeks and will be able to resume its sponsor roles when the principals are on board, a Hong Kong-based spokeswoman said. The news was earlier reported by the Financial Times.</p>\n<p>The hiccup comes as the bank attempts to rebuild its equity capital markets business in Asia after it shuttered most of that businesses and cut 18,000 jobs globally. While the bank has plans to hire a dozen bankers for the business, seeking to tap strong demand for share sales, it has only acted as a sponsor for a $170 million deal in Hong Kong since its equities exit in July 2019, according to data compiled by Bloomberg.</p>\n<p>The issue suggests there were poor internal controls at Deutsche Bank, a person close to the Securities and Futures Commission, Hong Kong’s financial regulator, told the FT. The lender also needs approval from the SFC, which could be a slow process, the newspaper said. It will still be able to underwrite IPOs until its sponsor license is renewed.</p>\n<p>A sponsor, the most prominent role in an IPO, must have at least two principals in order to carry out the activity. One of them must have at least five years of corporate finance experience in Hong Kong and played a substantial role in previous sponsorship.</p>\n<p>A spokesman at the SFC declined to comment when reached by Bloomberg News.</p>\n<p>“It shouldn’t take too long for the SFC to approve a new IPO sponsor principal in general, given that the person’s credential fits and satisfies the regulator and there are no outstanding issues regarding the company or the person,” said Josephine Chung, a director at CompliancePlus Consulting, who advises on license applications.</p>\n<p>Poon Tsz Yuen, a responsible officer at Deutsche Bank, resigned recently, the spokeswoman said. Rowena Wang, a former responsible officer at the German bank, had her license terminated on June 16, according to the SFC website.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Deutsche Bank Stops Sponsoring H.K. IPOs on Staffing Lapse</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nDeutsche Bank Stops Sponsoring H.K. IPOs on Staffing Lapse\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-30 15:58 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-06-30/deutsche-bank-to-stop-sponsoring-h-k-ipos-after-staffing-lapse><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>German lender failed to keep principals in place to sponsor\nDeutsche Bank is rebuilding its equities desk after 2019 exit\n\nDeutsche Bank AG will be unable to sponsor initial public offerings in Hong ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-06-30/deutsche-bank-to-stop-sponsoring-h-k-ipos-after-staffing-lapse\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"DB":"德意志银行"},"source_url":"https://www.bloomberg.com/news/articles/2021-06-30/deutsche-bank-to-stop-sponsoring-h-k-ipos-after-staffing-lapse","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1195903421","content_text":"German lender failed to keep principals in place to sponsor\nDeutsche Bank is rebuilding its equities desk after 2019 exit\n\nDeutsche Bank AG will be unable to sponsor initial public offerings in Hong Kong as the German lender failed to replace the staff needed by regulators in one of the world’s biggest markets for share sales.\nThe bank has hired replacements who will start in a matter of weeks and will be able to resume its sponsor roles when the principals are on board, a Hong Kong-based spokeswoman said. The news was earlier reported by the Financial Times.\nThe hiccup comes as the bank attempts to rebuild its equity capital markets business in Asia after it shuttered most of that businesses and cut 18,000 jobs globally. While the bank has plans to hire a dozen bankers for the business, seeking to tap strong demand for share sales, it has only acted as a sponsor for a $170 million deal in Hong Kong since its equities exit in July 2019, according to data compiled by Bloomberg.\nThe issue suggests there were poor internal controls at Deutsche Bank, a person close to the Securities and Futures Commission, Hong Kong’s financial regulator, told the FT. The lender also needs approval from the SFC, which could be a slow process, the newspaper said. It will still be able to underwrite IPOs until its sponsor license is renewed.\nA sponsor, the most prominent role in an IPO, must have at least two principals in order to carry out the activity. One of them must have at least five years of corporate finance experience in Hong Kong and played a substantial role in previous sponsorship.\nA spokesman at the SFC declined to comment when reached by Bloomberg News.\n“It shouldn’t take too long for the SFC to approve a new IPO sponsor principal in general, given that the person’s credential fits and satisfies the regulator and there are no outstanding issues regarding the company or the person,” said Josephine Chung, a director at CompliancePlus Consulting, who advises on license applications.\nPoon Tsz Yuen, a responsible officer at Deutsche Bank, resigned recently, the spokeswoman said. Rowena Wang, a former responsible officer at the German bank, had her license terminated on June 16, according to the SFC website.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":153404009,"gmtCreate":1625040620301,"gmtModify":1633945550515,"author":{"id":"3567428728360577","authorId":"3567428728360577","authorIdStr":"3567428728360577","name":"milltheongz","avatar":"https://static.tigerbbs.com/cf852b71cabd0702b81732abe96de7a1","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3567428728360577"},"htmlText":"Lik pls","listText":"Lik pls","text":"Lik pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/153404009","repostId":1195903421,"repostType":4,"repost":{"id":"1195903421","pubTimestamp":1625039934,"share":"https://www.laohu8.com/m/news/1195903421?lang=&edition=full","pubTime":"2021-06-30 15:58","market":"hk","language":"en","title":"Deutsche Bank Stops Sponsoring H.K. IPOs on Staffing Lapse","url":"https://stock-news.laohu8.com/highlight/detail?id=1195903421","media":"Bloomberg","summary":"German lender failed to keep principals in place to sponsor\nDeutsche Bank is rebuilding its equities","content":"<ul>\n <li>German lender failed to keep principals in place to sponsor</li>\n <li>Deutsche Bank is rebuilding its equities desk after 2019 exit</li>\n</ul>\n<p>Deutsche Bank AG&nbsp;will be unable to sponsor initial public offerings in Hong Kong as the German lender failed to replace the staff needed by regulators in one of the world’s biggest markets for share sales.</p>\n<p>The bank has hired replacements who will start in a matter of weeks and will be able to resume its sponsor roles when the principals are on board, a Hong Kong-based spokeswoman said. The news was earlier reported by the Financial Times.</p>\n<p>The hiccup comes as the bank attempts to rebuild its equity capital markets business in Asia after it shuttered most of that businesses and cut 18,000 jobs globally. While the bank has plans to hire a dozen bankers for the business, seeking to tap strong demand for share sales, it has only acted as a sponsor for a $170 million deal in Hong Kong since its equities exit in July 2019, according to data compiled by Bloomberg.</p>\n<p>The issue suggests there were poor internal controls at Deutsche Bank, a person close to the Securities and Futures Commission, Hong Kong’s financial regulator, told the FT. The lender also needs approval from the SFC, which could be a slow process, the newspaper said. It will still be able to underwrite IPOs until its sponsor license is renewed.</p>\n<p>A sponsor, the most prominent role in an IPO, must have at least two principals in order to carry out the activity. One of them must have at least five years of corporate finance experience in Hong Kong and played a substantial role in previous sponsorship.</p>\n<p>A spokesman at the SFC declined to comment when reached by Bloomberg News.</p>\n<p>“It shouldn’t take too long for the SFC to approve a new IPO sponsor principal in general, given that the person’s credential fits and satisfies the regulator and there are no outstanding issues regarding the company or the person,” said Josephine Chung, a director at CompliancePlus Consulting, who advises on license applications.</p>\n<p>Poon Tsz Yuen, a responsible officer at Deutsche Bank, resigned recently, the spokeswoman said. Rowena Wang, a former responsible officer at the German bank, had her license terminated on June 16, according to the SFC website.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Deutsche Bank Stops Sponsoring H.K. IPOs on Staffing Lapse</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nDeutsche Bank Stops Sponsoring H.K. IPOs on Staffing Lapse\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-30 15:58 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-06-30/deutsche-bank-to-stop-sponsoring-h-k-ipos-after-staffing-lapse><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>German lender failed to keep principals in place to sponsor\nDeutsche Bank is rebuilding its equities desk after 2019 exit\n\nDeutsche Bank AG will be unable to sponsor initial public offerings in Hong ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-06-30/deutsche-bank-to-stop-sponsoring-h-k-ipos-after-staffing-lapse\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"DB":"德意志银行"},"source_url":"https://www.bloomberg.com/news/articles/2021-06-30/deutsche-bank-to-stop-sponsoring-h-k-ipos-after-staffing-lapse","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1195903421","content_text":"German lender failed to keep principals in place to sponsor\nDeutsche Bank is rebuilding its equities desk after 2019 exit\n\nDeutsche Bank AG will be unable to sponsor initial public offerings in Hong Kong as the German lender failed to replace the staff needed by regulators in one of the world’s biggest markets for share sales.\nThe bank has hired replacements who will start in a matter of weeks and will be able to resume its sponsor roles when the principals are on board, a Hong Kong-based spokeswoman said. The news was earlier reported by the Financial Times.\nThe hiccup comes as the bank attempts to rebuild its equity capital markets business in Asia after it shuttered most of that businesses and cut 18,000 jobs globally. While the bank has plans to hire a dozen bankers for the business, seeking to tap strong demand for share sales, it has only acted as a sponsor for a $170 million deal in Hong Kong since its equities exit in July 2019, according to data compiled by Bloomberg.\nThe issue suggests there were poor internal controls at Deutsche Bank, a person close to the Securities and Futures Commission, Hong Kong’s financial regulator, told the FT. The lender also needs approval from the SFC, which could be a slow process, the newspaper said. It will still be able to underwrite IPOs until its sponsor license is renewed.\nA sponsor, the most prominent role in an IPO, must have at least two principals in order to carry out the activity. One of them must have at least five years of corporate finance experience in Hong Kong and played a substantial role in previous sponsorship.\nA spokesman at the SFC declined to comment when reached by Bloomberg News.\n“It shouldn’t take too long for the SFC to approve a new IPO sponsor principal in general, given that the person’s credential fits and satisfies the regulator and there are no outstanding issues regarding the company or the person,” said Josephine Chung, a director at CompliancePlus Consulting, who advises on license applications.\nPoon Tsz Yuen, a responsible officer at Deutsche Bank, resigned recently, the spokeswoman said. Rowena Wang, a former responsible officer at the German bank, had her license terminated on June 16, according to the SFC website.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":153406796,"gmtCreate":1625040510215,"gmtModify":1633945552055,"author":{"id":"3574260792698407","authorId":"3574260792698407","authorIdStr":"3574260792698407","name":"darrenlsw","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":7,"crmLevelSwitch":0,"idStr":"3574260792698407"},"htmlText":"Not enough staff. Go hire&nbsp;","listText":"Not enough staff. Go hire&nbsp;","text":"Not enough staff. Go hire","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/153406796","repostId":1195903421,"repostType":4,"repost":{"id":"1195903421","pubTimestamp":1625039934,"share":"https://www.laohu8.com/m/news/1195903421?lang=&edition=full","pubTime":"2021-06-30 15:58","market":"hk","language":"en","title":"Deutsche Bank Stops Sponsoring H.K. IPOs on Staffing Lapse","url":"https://stock-news.laohu8.com/highlight/detail?id=1195903421","media":"Bloomberg","summary":"German lender failed to keep principals in place to sponsor\nDeutsche Bank is rebuilding its equities","content":"<ul>\n <li>German lender failed to keep principals in place to sponsor</li>\n <li>Deutsche Bank is rebuilding its equities desk after 2019 exit</li>\n</ul>\n<p>Deutsche Bank AG&nbsp;will be unable to sponsor initial public offerings in Hong Kong as the German lender failed to replace the staff needed by regulators in one of the world’s biggest markets for share sales.</p>\n<p>The bank has hired replacements who will start in a matter of weeks and will be able to resume its sponsor roles when the principals are on board, a Hong Kong-based spokeswoman said. The news was earlier reported by the Financial Times.</p>\n<p>The hiccup comes as the bank attempts to rebuild its equity capital markets business in Asia after it shuttered most of that businesses and cut 18,000 jobs globally. While the bank has plans to hire a dozen bankers for the business, seeking to tap strong demand for share sales, it has only acted as a sponsor for a $170 million deal in Hong Kong since its equities exit in July 2019, according to data compiled by Bloomberg.</p>\n<p>The issue suggests there were poor internal controls at Deutsche Bank, a person close to the Securities and Futures Commission, Hong Kong’s financial regulator, told the FT. The lender also needs approval from the SFC, which could be a slow process, the newspaper said. It will still be able to underwrite IPOs until its sponsor license is renewed.</p>\n<p>A sponsor, the most prominent role in an IPO, must have at least two principals in order to carry out the activity. One of them must have at least five years of corporate finance experience in Hong Kong and played a substantial role in previous sponsorship.</p>\n<p>A spokesman at the SFC declined to comment when reached by Bloomberg News.</p>\n<p>“It shouldn’t take too long for the SFC to approve a new IPO sponsor principal in general, given that the person’s credential fits and satisfies the regulator and there are no outstanding issues regarding the company or the person,” said Josephine Chung, a director at CompliancePlus Consulting, who advises on license applications.</p>\n<p>Poon Tsz Yuen, a responsible officer at Deutsche Bank, resigned recently, the spokeswoman said. Rowena Wang, a former responsible officer at the German bank, had her license terminated on June 16, according to the SFC website.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Deutsche Bank Stops Sponsoring H.K. IPOs on Staffing Lapse</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nDeutsche Bank Stops Sponsoring H.K. IPOs on Staffing Lapse\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-30 15:58 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-06-30/deutsche-bank-to-stop-sponsoring-h-k-ipos-after-staffing-lapse><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>German lender failed to keep principals in place to sponsor\nDeutsche Bank is rebuilding its equities desk after 2019 exit\n\nDeutsche Bank AG will be unable to sponsor initial public offerings in Hong ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-06-30/deutsche-bank-to-stop-sponsoring-h-k-ipos-after-staffing-lapse\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"DB":"德意志银行"},"source_url":"https://www.bloomberg.com/news/articles/2021-06-30/deutsche-bank-to-stop-sponsoring-h-k-ipos-after-staffing-lapse","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1195903421","content_text":"German lender failed to keep principals in place to sponsor\nDeutsche Bank is rebuilding its equities desk after 2019 exit\n\nDeutsche Bank AG will be unable to sponsor initial public offerings in Hong Kong as the German lender failed to replace the staff needed by regulators in one of the world’s biggest markets for share sales.\nThe bank has hired replacements who will start in a matter of weeks and will be able to resume its sponsor roles when the principals are on board, a Hong Kong-based spokeswoman said. The news was earlier reported by the Financial Times.\nThe hiccup comes as the bank attempts to rebuild its equity capital markets business in Asia after it shuttered most of that businesses and cut 18,000 jobs globally. While the bank has plans to hire a dozen bankers for the business, seeking to tap strong demand for share sales, it has only acted as a sponsor for a $170 million deal in Hong Kong since its equities exit in July 2019, according to data compiled by Bloomberg.\nThe issue suggests there were poor internal controls at Deutsche Bank, a person close to the Securities and Futures Commission, Hong Kong’s financial regulator, told the FT. The lender also needs approval from the SFC, which could be a slow process, the newspaper said. It will still be able to underwrite IPOs until its sponsor license is renewed.\nA sponsor, the most prominent role in an IPO, must have at least two principals in order to carry out the activity. One of them must have at least five years of corporate finance experience in Hong Kong and played a substantial role in previous sponsorship.\nA spokesman at the SFC declined to comment when reached by Bloomberg News.\n“It shouldn’t take too long for the SFC to approve a new IPO sponsor principal in general, given that the person’s credential fits and satisfies the regulator and there are no outstanding issues regarding the company or the person,” said Josephine Chung, a director at CompliancePlus Consulting, who advises on license applications.\nPoon Tsz Yuen, a responsible officer at Deutsche Bank, resigned recently, the spokeswoman said. Rowena Wang, a former responsible officer at the German bank, had her license terminated on June 16, according to the SFC website.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5105384,"gmtCreate":1625239234546,"gmtModify":1635238691603,"authorId":3570362135363824,"author":{"id":3570362135363824,"authorId":3570362135363824,"name":"Silverlitz","avatar":"https://static.tigerbbs.com/abc7af211be1f2d501fd1885af02f33e","vip":1,"crmLevel":6,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":153406796,"type":1,"supId":0,"prevId":0,"content":"Create employment","text":"Create employment","html":"Create employment"}],"langContent":"EN"},{"id":153408771,"gmtCreate":1625040447593,"gmtModify":1633945552423,"author":{"id":"3579506230138289","authorId":"3579506230138289","authorIdStr":"3579506230138289","name":"BigMac8885","avatar":"https://static.tigerbbs.com/e583c75322dd4651672938ebba8683b7","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3579506230138289"},"htmlText":"Pls like and comment&nbsp;","listText":"Pls like and comment&nbsp;","text":"Pls like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":4,"repostSize":0,"link":"https://laohu8.com/post/153408771","repostId":1195903421,"repostType":4,"repost":{"id":"1195903421","pubTimestamp":1625039934,"share":"https://www.laohu8.com/m/news/1195903421?lang=&edition=full","pubTime":"2021-06-30 15:58","market":"hk","language":"en","title":"Deutsche Bank Stops Sponsoring H.K. IPOs on Staffing Lapse","url":"https://stock-news.laohu8.com/highlight/detail?id=1195903421","media":"Bloomberg","summary":"German lender failed to keep principals in place to sponsor\nDeutsche Bank is rebuilding its equities","content":"<ul>\n <li>German lender failed to keep principals in place to sponsor</li>\n <li>Deutsche Bank is rebuilding its equities desk after 2019 exit</li>\n</ul>\n<p>Deutsche Bank AG&nbsp;will be unable to sponsor initial public offerings in Hong Kong as the German lender failed to replace the staff needed by regulators in one of the world’s biggest markets for share sales.</p>\n<p>The bank has hired replacements who will start in a matter of weeks and will be able to resume its sponsor roles when the principals are on board, a Hong Kong-based spokeswoman said. The news was earlier reported by the Financial Times.</p>\n<p>The hiccup comes as the bank attempts to rebuild its equity capital markets business in Asia after it shuttered most of that businesses and cut 18,000 jobs globally. While the bank has plans to hire a dozen bankers for the business, seeking to tap strong demand for share sales, it has only acted as a sponsor for a $170 million deal in Hong Kong since its equities exit in July 2019, according to data compiled by Bloomberg.</p>\n<p>The issue suggests there were poor internal controls at Deutsche Bank, a person close to the Securities and Futures Commission, Hong Kong’s financial regulator, told the FT. The lender also needs approval from the SFC, which could be a slow process, the newspaper said. It will still be able to underwrite IPOs until its sponsor license is renewed.</p>\n<p>A sponsor, the most prominent role in an IPO, must have at least two principals in order to carry out the activity. One of them must have at least five years of corporate finance experience in Hong Kong and played a substantial role in previous sponsorship.</p>\n<p>A spokesman at the SFC declined to comment when reached by Bloomberg News.</p>\n<p>“It shouldn’t take too long for the SFC to approve a new IPO sponsor principal in general, given that the person’s credential fits and satisfies the regulator and there are no outstanding issues regarding the company or the person,” said Josephine Chung, a director at CompliancePlus Consulting, who advises on license applications.</p>\n<p>Poon Tsz Yuen, a responsible officer at Deutsche Bank, resigned recently, the spokeswoman said. Rowena Wang, a former responsible officer at the German bank, had her license terminated on June 16, according to the SFC website.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Deutsche Bank Stops Sponsoring H.K. IPOs on Staffing Lapse</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nDeutsche Bank Stops Sponsoring H.K. IPOs on Staffing Lapse\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-30 15:58 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-06-30/deutsche-bank-to-stop-sponsoring-h-k-ipos-after-staffing-lapse><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>German lender failed to keep principals in place to sponsor\nDeutsche Bank is rebuilding its equities desk after 2019 exit\n\nDeutsche Bank AG will be unable to sponsor initial public offerings in Hong ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-06-30/deutsche-bank-to-stop-sponsoring-h-k-ipos-after-staffing-lapse\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"DB":"德意志银行"},"source_url":"https://www.bloomberg.com/news/articles/2021-06-30/deutsche-bank-to-stop-sponsoring-h-k-ipos-after-staffing-lapse","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1195903421","content_text":"German lender failed to keep principals in place to sponsor\nDeutsche Bank is rebuilding its equities desk after 2019 exit\n\nDeutsche Bank AG will be unable to sponsor initial public offerings in Hong Kong as the German lender failed to replace the staff needed by regulators in one of the world’s biggest markets for share sales.\nThe bank has hired replacements who will start in a matter of weeks and will be able to resume its sponsor roles when the principals are on board, a Hong Kong-based spokeswoman said. The news was earlier reported by the Financial Times.\nThe hiccup comes as the bank attempts to rebuild its equity capital markets business in Asia after it shuttered most of that businesses and cut 18,000 jobs globally. While the bank has plans to hire a dozen bankers for the business, seeking to tap strong demand for share sales, it has only acted as a sponsor for a $170 million deal in Hong Kong since its equities exit in July 2019, according to data compiled by Bloomberg.\nThe issue suggests there were poor internal controls at Deutsche Bank, a person close to the Securities and Futures Commission, Hong Kong’s financial regulator, told the FT. The lender also needs approval from the SFC, which could be a slow process, the newspaper said. It will still be able to underwrite IPOs until its sponsor license is renewed.\nA sponsor, the most prominent role in an IPO, must have at least two principals in order to carry out the activity. One of them must have at least five years of corporate finance experience in Hong Kong and played a substantial role in previous sponsorship.\nA spokesman at the SFC declined to comment when reached by Bloomberg News.\n“It shouldn’t take too long for the SFC to approve a new IPO sponsor principal in general, given that the person’s credential fits and satisfies the regulator and there are no outstanding issues regarding the company or the person,” said Josephine Chung, a director at CompliancePlus Consulting, who advises on license applications.\nPoon Tsz Yuen, a responsible officer at Deutsche Bank, resigned recently, the spokeswoman said. Rowena Wang, a former responsible officer at the German bank, had her license terminated on June 16, according to the SFC website.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5078666,"gmtCreate":1625040665048,"gmtModify":1635240748287,"authorId":3551331974959956,"author":{"id":3551331974959956,"authorId":3551331974959956,"name":"Huatkia168","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":153408771,"type":1,"supId":0,"prevId":0,"content":"Done. please comment back. thank you.","text":"Done. please comment back. thank you.","html":"Done. please comment back. thank you."},{"id":5078710,"gmtCreate":1625040963020,"gmtModify":1635240744052,"authorId":3579506230138289,"author":{"id":3579506230138289,"authorId":3579506230138289,"name":"BigMac8885","avatar":"https://static.tigerbbs.com/e583c75322dd4651672938ebba8683b7","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":153408771,"type":1,"supId":5078666,"prevId":0,"content":"ThAnks buddy. huat ar !","text":"ThAnks buddy. huat ar !","html":"ThAnks buddy. huat ar !"},{"id":5089641,"gmtCreate":1625123429442,"gmtModify":1635239876129,"authorId":3572988793196593,"author":{"id":3572988793196593,"authorId":3572988793196593,"name":"Foxie","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":153408771,"type":1,"supId":0,"prevId":0,"content":"Comment!! ","text":"Comment!! ","html":"Comment!! "},{"id":5090915,"gmtCreate":1625133698243,"gmtModify":1635239782060,"authorId":3579506230138289,"author":{"id":3579506230138289,"authorId":3579506230138289,"name":"BigMac8885","avatar":"https://static.tigerbbs.com/e583c75322dd4651672938ebba8683b7","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":153408771,"type":1,"supId":5089641,"prevId":0,"content":"Thanks ","text":"Thanks ","html":"Thanks "}],"langContent":"EN"},{"id":153401532,"gmtCreate":1625040386826,"gmtModify":1631889090176,"author":{"id":"3577537700480609","authorId":"3577537700480609","authorIdStr":"3577537700480609","name":"William_Ong","avatar":"https://static.tigerbbs.com/ee606cb5c0ab279a8bf6598ffe32d23c","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"3577537700480609"},"htmlText":"I love it&nbsp;","listText":"I love it&nbsp;","text":"I love it","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/153401532","repostId":1195903421,"repostType":4,"repost":{"id":"1195903421","pubTimestamp":1625039934,"share":"https://www.laohu8.com/m/news/1195903421?lang=&edition=full","pubTime":"2021-06-30 15:58","market":"hk","language":"en","title":"Deutsche Bank Stops Sponsoring H.K. IPOs on Staffing Lapse","url":"https://stock-news.laohu8.com/highlight/detail?id=1195903421","media":"Bloomberg","summary":"German lender failed to keep principals in place to sponsor\nDeutsche Bank is rebuilding its equities","content":"<ul>\n <li>German lender failed to keep principals in place to sponsor</li>\n <li>Deutsche Bank is rebuilding its equities desk after 2019 exit</li>\n</ul>\n<p>Deutsche Bank AG&nbsp;will be unable to sponsor initial public offerings in Hong Kong as the German lender failed to replace the staff needed by regulators in one of the world’s biggest markets for share sales.</p>\n<p>The bank has hired replacements who will start in a matter of weeks and will be able to resume its sponsor roles when the principals are on board, a Hong Kong-based spokeswoman said. The news was earlier reported by the Financial Times.</p>\n<p>The hiccup comes as the bank attempts to rebuild its equity capital markets business in Asia after it shuttered most of that businesses and cut 18,000 jobs globally. While the bank has plans to hire a dozen bankers for the business, seeking to tap strong demand for share sales, it has only acted as a sponsor for a $170 million deal in Hong Kong since its equities exit in July 2019, according to data compiled by Bloomberg.</p>\n<p>The issue suggests there were poor internal controls at Deutsche Bank, a person close to the Securities and Futures Commission, Hong Kong’s financial regulator, told the FT. The lender also needs approval from the SFC, which could be a slow process, the newspaper said. It will still be able to underwrite IPOs until its sponsor license is renewed.</p>\n<p>A sponsor, the most prominent role in an IPO, must have at least two principals in order to carry out the activity. One of them must have at least five years of corporate finance experience in Hong Kong and played a substantial role in previous sponsorship.</p>\n<p>A spokesman at the SFC declined to comment when reached by Bloomberg News.</p>\n<p>“It shouldn’t take too long for the SFC to approve a new IPO sponsor principal in general, given that the person’s credential fits and satisfies the regulator and there are no outstanding issues regarding the company or the person,” said Josephine Chung, a director at CompliancePlus Consulting, who advises on license applications.</p>\n<p>Poon Tsz Yuen, a responsible officer at Deutsche Bank, resigned recently, the spokeswoman said. Rowena Wang, a former responsible officer at the German bank, had her license terminated on June 16, according to the SFC website.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Deutsche Bank Stops Sponsoring H.K. IPOs on Staffing Lapse</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nDeutsche Bank Stops Sponsoring H.K. IPOs on Staffing Lapse\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-30 15:58 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-06-30/deutsche-bank-to-stop-sponsoring-h-k-ipos-after-staffing-lapse><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>German lender failed to keep principals in place to sponsor\nDeutsche Bank is rebuilding its equities desk after 2019 exit\n\nDeutsche Bank AG will be unable to sponsor initial public offerings in Hong ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-06-30/deutsche-bank-to-stop-sponsoring-h-k-ipos-after-staffing-lapse\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"DB":"德意志银行"},"source_url":"https://www.bloomberg.com/news/articles/2021-06-30/deutsche-bank-to-stop-sponsoring-h-k-ipos-after-staffing-lapse","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1195903421","content_text":"German lender failed to keep principals in place to sponsor\nDeutsche Bank is rebuilding its equities desk after 2019 exit\n\nDeutsche Bank AG will be unable to sponsor initial public offerings in Hong Kong as the German lender failed to replace the staff needed by regulators in one of the world’s biggest markets for share sales.\nThe bank has hired replacements who will start in a matter of weeks and will be able to resume its sponsor roles when the principals are on board, a Hong Kong-based spokeswoman said. The news was earlier reported by the Financial Times.\nThe hiccup comes as the bank attempts to rebuild its equity capital markets business in Asia after it shuttered most of that businesses and cut 18,000 jobs globally. While the bank has plans to hire a dozen bankers for the business, seeking to tap strong demand for share sales, it has only acted as a sponsor for a $170 million deal in Hong Kong since its equities exit in July 2019, according to data compiled by Bloomberg.\nThe issue suggests there were poor internal controls at Deutsche Bank, a person close to the Securities and Futures Commission, Hong Kong’s financial regulator, told the FT. The lender also needs approval from the SFC, which could be a slow process, the newspaper said. It will still be able to underwrite IPOs until its sponsor license is renewed.\nA sponsor, the most prominent role in an IPO, must have at least two principals in order to carry out the activity. One of them must have at least five years of corporate finance experience in Hong Kong and played a substantial role in previous sponsorship.\nA spokesman at the SFC declined to comment when reached by Bloomberg News.\n“It shouldn’t take too long for the SFC to approve a new IPO sponsor principal in general, given that the person’s credential fits and satisfies the regulator and there are no outstanding issues regarding the company or the person,” said Josephine Chung, a director at CompliancePlus Consulting, who advises on license applications.\nPoon Tsz Yuen, a responsible officer at Deutsche Bank, resigned recently, the spokeswoman said. Rowena Wang, a former responsible officer at the German bank, had her license terminated on June 16, according to the SFC website.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":153401205,"gmtCreate":1625040365507,"gmtModify":1631893416037,"author":{"id":"3571577131047631","authorId":"3571577131047631","authorIdStr":"3571577131047631","name":"Catto","avatar":"https://static.tigerbbs.com/181aace79a405227ad1cfb4dcc27914c","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3571577131047631"},"htmlText":"Meow","listText":"Meow","text":"Meow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/153401205","repostId":1195903421,"repostType":4,"repost":{"id":"1195903421","pubTimestamp":1625039934,"share":"https://www.laohu8.com/m/news/1195903421?lang=&edition=full","pubTime":"2021-06-30 15:58","market":"hk","language":"en","title":"Deutsche Bank Stops Sponsoring H.K. IPOs on Staffing Lapse","url":"https://stock-news.laohu8.com/highlight/detail?id=1195903421","media":"Bloomberg","summary":"German lender failed to keep principals in place to sponsor\nDeutsche Bank is rebuilding its equities","content":"<ul>\n <li>German lender failed to keep principals in place to sponsor</li>\n <li>Deutsche Bank is rebuilding its equities desk after 2019 exit</li>\n</ul>\n<p>Deutsche Bank AG&nbsp;will be unable to sponsor initial public offerings in Hong Kong as the German lender failed to replace the staff needed by regulators in one of the world’s biggest markets for share sales.</p>\n<p>The bank has hired replacements who will start in a matter of weeks and will be able to resume its sponsor roles when the principals are on board, a Hong Kong-based spokeswoman said. The news was earlier reported by the Financial Times.</p>\n<p>The hiccup comes as the bank attempts to rebuild its equity capital markets business in Asia after it shuttered most of that businesses and cut 18,000 jobs globally. While the bank has plans to hire a dozen bankers for the business, seeking to tap strong demand for share sales, it has only acted as a sponsor for a $170 million deal in Hong Kong since its equities exit in July 2019, according to data compiled by Bloomberg.</p>\n<p>The issue suggests there were poor internal controls at Deutsche Bank, a person close to the Securities and Futures Commission, Hong Kong’s financial regulator, told the FT. The lender also needs approval from the SFC, which could be a slow process, the newspaper said. It will still be able to underwrite IPOs until its sponsor license is renewed.</p>\n<p>A sponsor, the most prominent role in an IPO, must have at least two principals in order to carry out the activity. One of them must have at least five years of corporate finance experience in Hong Kong and played a substantial role in previous sponsorship.</p>\n<p>A spokesman at the SFC declined to comment when reached by Bloomberg News.</p>\n<p>“It shouldn’t take too long for the SFC to approve a new IPO sponsor principal in general, given that the person’s credential fits and satisfies the regulator and there are no outstanding issues regarding the company or the person,” said Josephine Chung, a director at CompliancePlus Consulting, who advises on license applications.</p>\n<p>Poon Tsz Yuen, a responsible officer at Deutsche Bank, resigned recently, the spokeswoman said. Rowena Wang, a former responsible officer at the German bank, had her license terminated on June 16, according to the SFC website.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Deutsche Bank Stops Sponsoring H.K. IPOs on Staffing Lapse</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nDeutsche Bank Stops Sponsoring H.K. IPOs on Staffing Lapse\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-30 15:58 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-06-30/deutsche-bank-to-stop-sponsoring-h-k-ipos-after-staffing-lapse><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>German lender failed to keep principals in place to sponsor\nDeutsche Bank is rebuilding its equities desk after 2019 exit\n\nDeutsche Bank AG will be unable to sponsor initial public offerings in Hong ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-06-30/deutsche-bank-to-stop-sponsoring-h-k-ipos-after-staffing-lapse\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"DB":"德意志银行"},"source_url":"https://www.bloomberg.com/news/articles/2021-06-30/deutsche-bank-to-stop-sponsoring-h-k-ipos-after-staffing-lapse","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1195903421","content_text":"German lender failed to keep principals in place to sponsor\nDeutsche Bank is rebuilding its equities desk after 2019 exit\n\nDeutsche Bank AG will be unable to sponsor initial public offerings in Hong Kong as the German lender failed to replace the staff needed by regulators in one of the world’s biggest markets for share sales.\nThe bank has hired replacements who will start in a matter of weeks and will be able to resume its sponsor roles when the principals are on board, a Hong Kong-based spokeswoman said. The news was earlier reported by the Financial Times.\nThe hiccup comes as the bank attempts to rebuild its equity capital markets business in Asia after it shuttered most of that businesses and cut 18,000 jobs globally. While the bank has plans to hire a dozen bankers for the business, seeking to tap strong demand for share sales, it has only acted as a sponsor for a $170 million deal in Hong Kong since its equities exit in July 2019, according to data compiled by Bloomberg.\nThe issue suggests there were poor internal controls at Deutsche Bank, a person close to the Securities and Futures Commission, Hong Kong’s financial regulator, told the FT. The lender also needs approval from the SFC, which could be a slow process, the newspaper said. It will still be able to underwrite IPOs until its sponsor license is renewed.\nA sponsor, the most prominent role in an IPO, must have at least two principals in order to carry out the activity. One of them must have at least five years of corporate finance experience in Hong Kong and played a substantial role in previous sponsorship.\nA spokesman at the SFC declined to comment when reached by Bloomberg News.\n“It shouldn’t take too long for the SFC to approve a new IPO sponsor principal in general, given that the person’s credential fits and satisfies the regulator and there are no outstanding issues regarding the company or the person,” said Josephine Chung, a director at CompliancePlus Consulting, who advises on license applications.\nPoon Tsz Yuen, a responsible officer at Deutsche Bank, resigned recently, the spokeswoman said. Rowena Wang, a former responsible officer at the German bank, had her license terminated on June 16, according to the SFC website.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":71,"commentSize":12,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}