Stocks retreated as Evergrande and Kaisa defaulted, putting US$30 billion of offshore bonds at risk of haircuts. China’s central bank weakened the yuan after the currency reached a three-year high ... ( read original story ...)
SenseTime Weighing Hong Kong IPO Delay as Investor Deadline Looms
(Bloomberg) -- Chinese artificial intelligence firm SenseTime Group Inc. is delaying its Hong Kong initial public offering, according to people familiar with the matter, as tensions with the U.S. ( read original story ...)
China’s SenseTime discussing fate of US$767 million Hong Kong IPO with exchange: Sources
Chinese artificial intelligence startup SenseTime Group is discussing the fate of its planned US$767 million Hong Kong initial public offering (IPO) with the city's stock exchange on Friday (Dec 10), ... ( read original story ...)
Hong Kong stocks halt three-day gain as Evergrande, Kaisa put US$30 billion of bonds in default while China weakens its currency
Stocks retreat as Evergrande and Kaisa defaulted, putting US$30 billion of offshore bonds at risk of haircuts. China’s central bank weakens the yuan after the currency reached a three-year high this ... ( read original story ...)
Money travels in Hong Kong even if people can’t
Does it matter if you can’t visit a place so long as your cash can get there? Asking for Hong Kong friends. The Hong Kong Monetary Authority, in conjunction with the People’s Bank of China, wheeled ... ( read original story ...)
How Hong Kong is supporting its healthtech startups
Elevator Pitch Competition, the Hong Kong Science and Technology Park offers healthtech startups plenty of opportunities to grow. ( read original story ...)
Hong Kong’s Unfriendly Crypto Rules Boost Rival Efforts To Attract Bitcoin Billionaires
Regulatory uncertainty and travel restrictions are forcing the city’s crypto elites to shift their operations to more hospitable jurisdictions. ( read original story ...)
Chinese Drugmaker Asymchem Slips in Hong Kong Trading Debut
Chinese contract drug manufacturer Asymchem Laboratories Tianjin Co. dropped in its first day of trading in Hong Kong, after completing the Asian financial hub’s biggest initial public offering in ... ( read original story ...)
Evergrande Crisis Won’t Hurt Hong Kong Investors, China’s Bank Chief Says
The rights and the interest of [Evergrande's] creditors and shareholders will be fully respected, in accordance with their legal seniorities," said governor Yi Gang. ( read original story ...)
China Pilots Connection Between Digital Yuan and Hong Kong Fast Payment System
China is now working on connecting its nearly finished CBDC to Hong Kong’s Fast Payment System, and concern has been growing in U.S. financial circles. ( read original story ...)
US to blacklist SenseTime in time for Hong Kong IPO
The U.S. Treasury is to place artificial intelligence and biometrics firm SenseTime on the Chinese military-industrial complex companies blacklist on Friday. ( read original story ...)
Hang Seng recoups US$128 billion of market value as Alibaba leads three-day advance on China easing bets
Stocks logged a third day of advance after factory-gate prices in mainland China cooled last month from a 26-year high, potentially creating room for more policy easing. ( read original story ...)
Regulators affirm Hong Kong’s role as China’s link to the world, underscoring city’s status as financial hub
Top financial regulators in Hong Kong and China on Thursday reaffirmed the city’s role as an international financial centre. ( read original story ...)
Chinese Weight Management Firm Lvshou Mulls Hong Kong IPO
Lvshou, a Chinese weight management company, is considering an initial public offering in Hong Kong that could raise about $150 million, people with knowledge of the matter said. The Guangzhou-based ... ( read original story ...)