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Category: FINANCE

Posted on 27/10/2020

Covid-19 won’t last forever, but online learning here to stay, former Hong Kong finance chief says in predicting ‘new normal’ for education

It’s unfortunate that only amid the Covid-19 pandemic has the whole process of adapting to online teaching and the use of technology in education been sped up John Tsang, former Hong Kong financial ... ( read original story ...)

Posted on 27/10/2020

Hong Kong leader to visit Beijing to discuss plans to revive economy

Hong Kong leader Carrie Lam said on Tuesday she will travel to China next week for a three-day visit to discuss plans to revive the global financial hub's economy, which has been battered by the ... ( read original story ...)

Posted on 27/10/2020

Banks, brokers to offer record US$38.7 billion of margin financing for Hong Kong retail investors to buy into Ant’s giant IPO

Ant’s IPO which is on course to smash all previous IPO records is expected to lock up funding of HK$800 billion, higher than Nongfu Spring at HK$677 billion, brokers estimate. ( read original story ...)

Posted on 27/10/2020

Investors line up for Ant Group’s record $34.4 billion IPO

Ant Group Co Ltd is poised to raise up to $34.4 billion in the world's largest stock market debut as investors rush to buy into the fast-growing Chinese fintech giant despite ... ( read original story ...)

Posted on 27/10/2020

China Brokers Challenge Goldman With Best IPO Ranking in Decades

Chinese brokerages are having a bumper year for equity dealmaking, with Ant Group’s multi-billion-dollar initial public offering poised to boost their showing in the global ranking to the best in at ... ( read original story ...)

Posted on 27/10/2020

Ant’s Record IPO To Lift Jack Ma’s Fortune By $27 Bln, Mint 18 Billionaires

Ant Group’s world-record-beating IPO will lift the fortune of China Internet heavyweight Jack Ma by $27 billion and create at least 18 other billionaires, according to pricing announced by the company ... ( read original story ...)

Posted on 26/10/2020

Lufax is going public in the US after postponing its original Hong Kong-based IPO

Lufax hopes to go public in the US, aiming to raise $2.4 billion at a valuation of around $30 billion, and expects to start trading on October 30. ( read original story ...)

Posted on 26/10/2020

China’s Ant Group prices Shanghai IPO leg at 68.8 yuan per share

China's Ant Group Co Ltd 688688.SS on Monday set the pricing for the Shanghai leg of its mega dual-listing at 68.8 yuan ($10.27) per share, the company said in a filing to the local exchange. Ant ... ( read original story ...)

Posted on 26/10/2020

TikTok parent ByteDance in early IPO talks to list businesses including short video app Douyin

Chinese technology giant ByteDance is in early stage talks to take some of its business including Douyin public, a person familiar with the matter told CNBC. ( read original story ...)

Posted on 26/10/2020

Jack Ma’s Ant Group Sets Price for Record $35 Billion IPO

Ant Group Co. has set the price for its initial public offering in Shanghai, paving the way for a blockbuster sale that may give the Chinese fintech giant a valuation higher than JPMorgan Chase & Co. ( read original story ...)

Posted on 26/10/2020

Ant Group Sets Price for IPO That May Reach Record $35 Billion

That would value the China portion of the sale at as much as $17.3 billion, or close to $35 billion for the dual listing including the Hong Kong leg. Jack Ma Photographer: Kiyoshi Ota/Bloomberg Ant’s ... ( read original story ...)

Posted on 26/10/2020

‘Lower-for-longer’ interest rates could weigh on HSBC and other Hong Kong lenders’ third quarter results, analysts say

HSBC, Standard Chartered may benefit from a better trading environment in the third quarter, but net interest margin pressure likely continued, analysts said. ( read original story ...)

Posted on 25/10/2020

Hong Kong economy expected to improve in third quarter, says finance chief, as city records six new Covid-19 cases

Financial Secretary Paul Chan says mainland China growth will boost export figures for September, while city leader Carrie Lam pledges to ‘spare no effort’ to help pandemic-hit businesses. ( read original story ...)

Posted on 25/10/2020

Six ways Hong Kong can finance the crucial Lantau Tomorrow Vision

The government, in launching large projects, has used various development models to ease the financial burden. Providing a clear direction will help win public confidence. ( read original story ...)

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