HONG KONG (Reuters) - Canaan Inc, one of the world’s leading cryptocurrency mining equipment makers, has let its application for a Hong Kong IPO of at least $400 million lapse, casting doubt on the pr... ( read original story ...)
Alibaba-backed Babytree chops Hong Kong IPO by 70 per cent amid glut of new offerings and depressed stock market
Babytree Group, China’s biggest parenting platform operator, slashed the size of its Hong Kong initial public offering by more than 70 per cent as investors’ demand for new shares fades amid a surge i... ( read original story ...)
Bitcoin Miner Canaan’s IPO Likely Delayed After Hong Kong Filing Expires
Canaan Creative’s application for an initial public offering (IPO) may be in doubt as the Chinese bitcoin mining maker’s filing with the Hong Kong Stock Exchange (HKEX) has now lapsed. According to an ... ( read original story ...)
Tencent-backed Chinese travel firm slashes Hong Kong IPO size
Tencent Holdings-backed online Chinese travel firm Tongcheng-Elong launched a far smaller-than-expected initial public offering of up to US$233 million in Hong Kong on Tuesday, amid a weak stock marke... ( read original story ...)
Alibaba-backed Babytree trims size of Hong Kong IPO
Alibaba-backed online parenting firm Babytree Group launched an initial public offering of up to US$281 million in Hong Kong on Wednesday, far below what the Chinese company had hoped to raise, as wea... ( read original story ...)
Hong Kong freedoms under scrutiny as ‘Occupy’ democracy leaders face trial
HONG KONG (Reuters) - Nine leaders of Hong Kong's 2014 civil disobedience "Occupy Central" movement go on trial on Monday at a time when the Chinese-ruled financial hub's civil liberties are coming un... ( read original story ...)
Soft Start Predicted For Hong Kong Stock Market
BOC Hong Kong shed 0.34 percent, Hong Kong & China Gas gained 0.27 percent, WH Group lost 0.16 percent and China Mobile and Industrial and Commercial Bank of China were unchanged. The lead from Wall S... ( read original story ...)
Hong Kong’s third-quarter GDP growth seen cooling as trade war, rate hikes bite
HONG KONG (Reuters) - Hong Kong's economic growth is expected to have moderated in the third quarter as trade tensions between Beijing and Washington as well as higher interest rates take a toll ... ( read original story ...)
Weak markets force Alibaba-backed Babytree to cut size of HK IPO
HONG KONG (Reuters) - Alibaba-backed online parenting firm Babytree Group launched a Hong Kong IPO of up to $281 million on Wednesday, far below what the Chinese company had hoped to raise, as weak ma... ( read original story ...)
Proactive gov’t benefits banking
Indeed, the Hong Kong banking sector performed well in the first half of 2018. Of course in the same way the Hong Kong economy performed well in the first half of 2018, making a real growth of 4%. The ... ( read original story ...)
Hong Kong Mortgage Corp Plans Infrastructure Funding Next Year
Hong Kong Mortgage Corp., the city’s government-backed home-loan insurer, plans to diversify into infrastructure financing next year. HKMC will first buy loan assets from banks and multilateral lender... ( read original story ...)
Would-be buyers take heart as Hong Kong property market finally begins to cool
HONG KONG (Reuters) - Potential homebuyers priced out of Hong Kong’s stratospheric property market may now feel more hopeful as housing prices finally begin to cool after a bullish stampede ... ( read original story ...)
Hong Kong Bourse May Hand Back Monday’s Gains
Hong Kong & China Gas advanced 1.08 percent, China Petroleum and Chemical (Sinopec) dropped 1.05 percent, Sands China skidded 0.79 percent, BOC Hong Kong collected 0.69 percent, Ping An Insurance shed ... ( read original story ...)
Mainland Bank Leases Storefront in Central’s Wheelock House at 55% Discount
China’s Bank of Communications appears to be taking advantage of a sustained slide in Hong Kong retail rents to expand its footprint in the city’s Central district at a rent less than half of what an ... ( read original story ...)