Category: FINANCE

CALB Co., a Chinese battery supplier for electric vehicle makers, has raised about HK$10.1 billion ($1.3 billion) after pricing its Hong Kong initial public offering at the bottom of its marketed ... ( read original story ...)

Ten major lenders - including the three note-issuing banks HSBC, Standard Chartered, and Bank of China (Hong Kong) - only increased their best lending rates last Friday or this week by 12.5 basis ... ( read original story ...)

Hong Kong stocks led sharp losses in Asia-Pacific markets after the S&P 500 set a new 2022 low overnight on Wall Street. The offshore and onshore Chinese yuan reached weakest levels since 2008 and the ... ( read original story ...)

CALB Co., a Chinese battery supplier for electric vehicle makers, is telling prospective investors it plans to price its Hong Kong initial public offering at the bottom of its marketed range, ... ( read original story ...)

The prices of homes in Hong Kong fell by 2.26 per cent in August to their lowest level in three-and-a-half years, and are unlikely to get much support from the city’s reduced Covid-19 hotel quarantine ... ( read original story ...)

Hong Kong investors failed to fully subscribe for their local allocations in the two stock offerings as the Hang Seng Index slides to an 11-year low Some 35 of the 47 IPOs in Hong Kong this year have ... ( read original story ...)

The city's de facto central bank bought HK$1.94 billion and sold US$247 million on Wednesday The authority has bought a total of HK$215.035 billion and sold US$27.39 billion this year The Hong Kong ... ( read original story ...)

Finance chief Paul Chan has support rate of 58.4 out of 100, the highest among three top government secretaries, in tracking poll by Public Opinion Research Institute. ( read original story ...)

(Bloomberg) -- SinoSynergy, a Chinese hydrogen fuel cell company, is considering a Hong Kong initial public offering as soon as next year, according to people familiar with the matter. Most Read ... ( read original story ...)

The $800 million offering values the company at $7 billion. That implies a forward price-to-sales multiple of three times similar to a basket of peers including Nio and Xpeng and assumes it continues ... ( read original story ...)

The HKMA is going on a charm offensive, inviting top executives from dozens of the world’s largest banks, funds and asset managers to Hong Kong in early November to assure them that the city is back ... ( read original story ...)

Leapmotor is cruising in gloomy markets. The Chinese electric-vehicle maker priced shares of its initial public offering, the largest in Hong Kong this year, at the bottom end of a previously ... ( read original story ...)

The fake website has been reported to the regulator and the Hong Kong police. The Bank of China (Hong Kong) Limited is warning the general public to be wary of a fraudulent websites. According to the ... ( read original story ...)

China may cut banks’ forex reserve requirements again and could even restore the so-called counter cyclical factor to prevent a rapid depreciation in the currency, experts say. ( read original story ...)