The two Ant units’ move aligns with its global ambitions as other companies, including rival JD.com, line up to issue fiat-backed cryptocurrencies.
China’s Zhejiang Sanhua plans to raise up to $1 billion in Hong Kong listing
(Reuters) -Chinese heating systems supplier Zhejiang Sanhua Intelligent Controls is aiming to raise up to HK$8.12 billion ($1.03 billion) through a Hong Kong listing, signaling that more mainland ...
$11.2 Billion or Bust? New World’s Debt Deadline Could Rock Hong Kong’s Property Market
The urgency stems from a ticking clock on New World's existing debt covenant. Miss it, and the already distressed prope ...
Hong Kong confirmed as one of first jurisdictions targeting adoption of ISSB Standards
The Hong Kong Special Administrative Region (HKSAR) government on Thursday welcomed the publication of jurisdictional profiles by the International Financial Reporting Standards Foundation (IFRS ...
Digital Solutions the Way Forward as Financial Institutions Capitalise on Wealth Management Opportunities in Hong Kong and Singapore
When it comes to acquiring WealthTech capabilities across the value chain, institutions in Hong Kong prefer to outsource middle- and back-office functions to external vendors (21% in Hong Kong ...
China, Hong Kong stocks fall as initial Sino-U.S. trade optimism wanes
Stocks in China and Hong Kong traded lower on Thursday, led by declines in the tech sector, as markets struggled to sustain the positive momentum from the Sino-U.S. trade talks that lacked concrete ...
Ant unit to seek stablecoin permits in Hong Kong, Singapore: sources
HONG KONG] Jack Ma-backed Ant Group’s international unit is planning to apply for stablecoin licences in Singapore and Hong Kong, according to people familiar with the matter. Read more at The ...
Chery’s stock to debut in third quarter as carmaker uses Hong Kong as global springboard
Chery is working with the Hong Kong units of CICC, Huatai Securities and GF Securities in an IPO that could raise about US$1.5 billion, Bloomberg reported Chery Automobile, China's second-largest ...
With stablecoin law, Hong Kong looks for ‘first-mover’ edge over US, Singapore in payments
Being a "first mover" in stablecoin legislation "reflects the determination" of the city's government to "unlock value that they see in this sector, given the number of hurdles from past incidents", ...
Hong Kong’s e-HKD Program Enters Critical Phase – Here’s What It Means
Hong Kong is testing how its digital currency performs in live financial workflow with major institutions including Visa, ANZ, and Fidelity.
Haitian eyes US$1.22 billion Hong Kong IPO as soy sauce maker joins beeline for the city
The company is offering 263.2 million H shares at a maximum price of HK$36.30 each, with the final offer price to be determined on or before June 17.
Biotech Firm MediLink Is Said to Hire Banks for Hong Kong IPO
MediLink Therapeutics Ltd. has hired China International Capital Corp., JPMorgan Chase & Co. and Morgan Stanley for a planned initial public offering in Hong Kong, according to people familiar with ...
Hong Kong girl, 17, rescued from fire ‘likely caused by power bank’
Firefighters then broke into the flat and saved the girl, who was sent to Yan Chai Hospital in Tsuen Wan for smoke inhalation. The Fire Services Department said the fire, suspecte ...
Foshan Haitian Seeking to Raise Over $1 Billion in IPO
Shanghai-listed Foshan Haitian Flavouring & Food is the latest Chinese company seeking a secondary listing in Hong Kong.