Prudential shares tumbled this morning after the British insurance giant confirmed plans to raise up to £2.1 billion in a public offer and share placing in Hon ... ( read original story ...)
Hong Kong Market Tanks as Evergrande Property Scare Broadens
The broad Chinese property sector, the mainland's largest single industry, is selling off in Hong Kong as investors try to work out which will be the next domino to fall. ( read original story ...)
Hong Kong police arrest three members of student prisoner-support group
Hong Kong police arrested on Monday three members of a pro-democracy student group, accusing them of a "conspiracy to incite subversion" including by helping deliver snacks to prisoners with the aim ... ( read original story ...)
Hong Kong holds first ‘patriotic’ vote under electoral system overhaul
Beijing Hong Kong elites has held the city’s first vote since China overhauled Hong Kong’s electoral system last year to root out “anti-China” elements. The poll for the election committee, a ... ( read original story ...)
HKEX seeks feedback on Spac IPO framework
The HKEX published a consultation paper seeking feedback on a draft framework regulating Spacs, also known as blank cheque firms. These are shell companies that raise funds via an IPO for the sole ... ( read original story ...)
Southeast Asia’s Carousell is considering all growth options including IPO, CEO says
Carousell said last week it raised $100 million in fresh funds that valued the company at more than a billion dollars. ( read original story ...)
Hong Kong Seen Struggling to Lure SPACs With Strict Rulebook
Hong Kong could have a hard time attracting blank check companies after it proposed a high threshold to list in the city. In a consultation paper released on Friday, Hong Kong Exchanges & Clearing Ltd ... ( read original story ...)
COMMENT: Are Hong Kong property tycoons China’s next target?
Hong Kong's red-hot real estate market has been a driver of social unrest. It’s only a matter of time before Beijing targets the sector under its common prosperity campaign. ( read original story ...)
Hang Seng index drops more than 3% as Evergrande shares plunge 10%, other property stocks fall
The Hang Seng index dropped 3.3% to close at 23,099.14. Shares of China Evergrande Group in the city plummeted 10.24%, after falling as much as 17% earlier. The Hang Seng Properties index dropped to a ... ( read original story ...)
Election of single opposition candidate Tik Chi-yuen proves Hong Kong democracy, says Beijing
The election of a sole opposition candidate to Hong Kong’s powerful election committee has been held up by Beijing as proof that the territory’s democracy is fl ... ( read original story ...)
Hang Seng index slapped Amid the Evergrande share price meltdown
The Hang Seng index dropped to the lowest level in eleven months as contagion risks rose. The index declined by more than 3.3% ... ( read original story ...)
Hong Kong’s Hang Seng index drops nearly 4% as Evergrande shares plunge nearly 17%, other property stocks fall
Hong Kong's Hang Seng index led losses in Monday trade, with shares of embattled Chinese developer China Evergrande Group continuing to drop. The Hang Seng Properties index declined nearly 7%, ... ( read original story ...)
Evergrande contagion fears hit Hong Kong stocks, with default expected
Fears of a contagion from the potential collapse of battered Chinese real estate giant Evergrande sent property shares plunging in Hong Kong on Monday ... China Minsheng Bank, Agricultural Bank of ... ( read original story ...)
Hong Kong property firms plunge as Evergrande fears grow
The Hong Kong stock exchange tumbled Monday over fears of a contagion from the potential collapse of Chinese real estate giant Evergrande as it struggles under a mountain of debt.The firm, one of the ... ( read original story ...)