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Category: FINANCE

Posted on 09/10/2020

Ant Group’s $35 billion IPO unlikely to be hurt by possible U.S. curbs

Ant Group's $35 billion initial public offering (IPO) is unlikely to suffer from any U.S. restrictions on the Chinese financial technology giant due to its very limited overseas presence, potential ... ( read original story ...)

Posted on 08/10/2020

Ant Group’s $35 billion IPO unlikely to be hurt by possible U.S. curbs, analysts say

Ant Group's $35 billion initial public offering (IPO) is unlikely to suffer from any U.S. restrictions on the Chinese financial technology giant due to its very limited overseas presence, potential ... ( read original story ...)

Posted on 08/10/2020

Chinese Fintech Company Lufax Plans U.S. IPO

Lufax is planning an initial public offering in the U.S., even as some other Chinese companies are opting to sell stock closer to home. ( read original story ...)

Posted on 08/10/2020

HKMA sells HK$2.75 bln in NY hours, currency hits strong end of band

The aggregate balance - the key gauge of cash in the banking system - will increase by HK$3.914 billion including HK$1.163 billion sold in Hong Kong trading hours, to HK$273.483 billion on Oct. 9 ... ( read original story ...)

Posted on 07/10/2020

Breakingviews – Deliveroo’s IPO is a dish best served soon

Hot meals aid digestion. Will Shu should take note. The Deliveroo boss is looking to list the UK-based food delivery company in the public market next year, and can credibly expect to hike the $2 ... ( read original story ...)

Posted on 07/10/2020

China Is Launching the Largest IPO in History. Here’s Why It’s a Problem | Opinion

Ant Group is most notably a provider of financial technology that is known for its Alipay platform and is partially owned by Alibaba, the " Amazon of China ." The IPO is expected to launch in October ... ( read original story ...)

Posted on 07/10/2020

Next big thing for Hong Kong’s virtual banks: wealth management

The next big thing for Hong Kong’s virtual banks is an expansion into wealth management as part of the “next phase” of their development, according to a group of top executives from the city’s newest ... ( read original story ...)

Posted on 07/10/2020

HK stocks rise ahead of Ant Group IPO, defy U.S. stimulus gloom

Hong Kong shares edged higher on Wednesday, shrugging off a weaker finish in Wall Street after U.S. President Donald Trump halted stimulus negotiations with lawmakers, with investors focusing on the ... ( read original story ...)

Posted on 07/10/2020

Hong Kong Stock Market May Run Out Of Steam On Wednesday

The Hong Kong stock market has finished higher in three straight sessions, jumping more than 700 points or 3.1 percent along the way. The Hang Seng Index now rests just beneath the 24,000-point ... ( read original story ...)

Posted on 07/10/2020

HKMA sells HK$1.98 bln in NY hours, currency hits strong end of trading range

The aggregate balance - the key gauge of cash in the banking system - will increase by HK$3.139 billion, including HK$1.163 billion sold in Hong Kong trading hours, to HK$269.57 billion on Oct. 8 ... ( read original story ...)

Posted on 06/10/2020

Chinese video site Bilibili prepares Hong Kong IPO of up to $1.5bn

HONG KONG -- Bilibili, a Nasdaq-listed Chinese video platform popular with millennials for its animation and gaming content, is moving ahead with plans for a secondary listing in Hong Kong next year ... ( read original story ...)

Posted on 06/10/2020

Singapore’s GIC Plans to Invest More Than $1 Billion in Ant IPO

Singapore’s sovereign wealth fund GIC Pte plans to invest more than $1 billion in Ant Group’s mega initial public offering as early investors look for a bigger slice of the Chinese payments behemoth, ... ( read original story ...)

Posted on 06/10/2020

HANG SENG BK LT/S (OTCMKTS:HSNGY) Upgraded to “Hold” at Zacks Investment Research

HANG SENG BK LT/S (OTCMKTS:HSNGY) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a research report issued on Tuesday, Zacks.com reports. According to Zacks ... ( read original story ...)

Posted on 06/10/2020

Chinese Pet Clinic Picks Banks for $500 Million IPO, Sources Say

New Ruipeng Pet Healthcare Group Co. has chosen banks to lead an initial public offering that could raise more than $500 million, according to people familiar with the matter. ( read original story ...)

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