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Month: May 2024

Posted on 09/05/2024

Hong Kong’s IPO revival is ‘inevitable’ as returning investors drive surging applications, stock exchange CEO says

It is just a matter of time' before Hong Kong sees listings from Middle East companies and mainland industry leaders, says HKEX CEO Bonnie Chan HKEX has received over 100 new listing applications this ...

Posted on 09/05/2024

Hong Kong’s Templewater, BP unit lead US$111 million fundraising for Australian green hydrogen start-up Hysata

Hong Kong-based private equity firm and BP Ventures to invest US$10 million each in the latest funding round, helping Hysata to scale up its green hydrogen facilities in New South Wales.

Posted on 09/05/2024

Hong Kong works on an ETF of HKEX stocks for Tadawul exchange in push for collaboration with Saudi Arabia

The new financial product underscores the flurry of collaborations and accords between Hong Kong and Riyadh since the February 2023 visit by Chief Executive John Lee Ka-chiu to the kingdom.

Posted on 09/05/2024

Ultra, the acclaimed EDM festival, is returning to Hong Kong this September

EDM festival Ultra is coming back to Hong Kong this September. Here’s what we know. Get ready for another music festival in Hong Kong. Ultra, one of the world’s biggest electronic music festivals, will make a comeback this September.

Posted on 09/05/2024

Stock market rebound helps more IPO listings: HKEX

The head of the city's stock exchange operator on Thursday said average daily trading turnover was improving, paving the way for more initial public ...

Posted on 09/05/2024

HKEX’s new CEO is betting on big IPOs coming back

HONG Kong Exchanges & Clearing (HKEX) is anticipating the comeback of big ticket initial public offerings (IPOs) to the city as underlying conditions improve and Chinese regulators give a helping hand ...

Posted on 09/05/2024

CORRECTED (OFFICIAL)-UPDATE 1-Hong Kong and Saudi Arabia explore funds to track Hong Kong stock indices

HONG KONG, - Hong Kong and Saudi Arabia are exploring the creation of an exchange-traded fund tracking Hong Kong indices, Hong Kong Deputy Financial Secretary Michael Wong said in a statement on Thursday. The Hong Kong government is currently working with several financial institutions to develop the ETF, Wong said.

Posted on 09/05/2024

Hong Kong and Saudi Arabia explore funds to track Hong Kong stock indices

The Hong Kong government is currently working with several financial institutions to develop the ETF, Chan said

Posted on 09/05/2024

Is BOC Hong Kong (BHKLY) Stock Outpacing Its Finance Peers This Year?

Here is how BOC Hong Kong Ltd. (BHKLY) and BrightSphere Investment Group (BSIG) have performed compared to their sector so far this year.

Posted on 09/05/2024

Hong Kong-based Gome FinTech marks diversification by acquiring Chinese game developer CashBox for US$25.6 million

Hong Kong-based financial service platform Gome Finance Technology (Gome Fintech) has unveiled plans to acquire Chinese game developer and publisher CashBox Group Technology for HK$200 million ...

Posted on 09/05/2024

Global family offices flock to Hong Kong as property, stock market and Greater Bay Area opportunities act as magnet

Many families have been very positive about the removal of restrictions on real estate in Hong Kong, family office association chair Jessica Cutrera says Opportunities in the Greater Bay Area are also ...

Posted on 09/05/2024

Hong Kong Woos Saudi Money in Attempt to Revive Stock Market

Hong Kong is turning to oil-rich Saudi Arabia for new funds to help offset a growing list of challenges facing its stock market. Most Read from BloombergAmericans Are Racking Up ‘Phantom Debt’ That ...

Posted on 09/05/2024

Hong Kong Bans Pro-Democracy Protest Anthem, Saying It Has Been Used as a ‘Weapon’

Hong Kong’s government will be able to outlaw the famous protest anthem “Glory to Hong Kong” after a court of appeal overturned a ruling last year that permitted its use. Judges on Wednesday said that the song had been used as a “weapon,” making ...

Posted on 09/05/2024

Hong Kong attracts US$832 million in investment from life-science technology firms setting up or expanding

The investments, which will yield 3,200 jobs, come amid government efforts to enhance Hong Kong’s position as an innovation hub in the field.

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