Logan Wright, a Hong Kong-based partner at consultancy Rhodium Group, calls the situation a “slow-motion financial crisis”. Contagion is spreading into the deep tissue of China’s political economy. ( read original story ...)
Linklaters adds Hong Kong restructuring head from Allen & Overy
Linklaters said Monday that it has added a new partner to its Asia restructuring and insolvency practice in Hong Kong from rival U.K.-founded law firm Allen & Overy. ( read original story ...)
Chinese Property Props Up Plunging Hong Kong Stocks
The Hang Seng Index closed at an 11-year low, with losses in financials and tech, although piecemeal property measures out of Beijing temporarily boosted developers. ( read original story ...)
HKMA buys HK$2.355 billion from market to stop currency weakening
Hong Kong's de facto central bank bought HK$2.355 billion ($300.00 million) from the market on Monday to stop the local currency weakening and breaking its peg to the U.S. dollar.The Hong Kong dollar ... ( read original story ...)
HSBC, Tencent add to Hong Kong stock losses as traders shun riskier assets for safe haven before market holidays
Stocks find no traction even after a 21 per cent slump last quarter, with traders wary of losses before the market pauses on Tuesday for a holiday. ( read original story ...)
Hong Kong fourth among biggest IPO markets globally, as Shanghai’s Star Market takes top spot and Singapore fails to make the cut
The city improved upon a 10th-place ranking in June after bourse operator Hong Kong Exchanges and Clearing’s main board saw 47 IPOs raise US$8.8 billion in the first nine months. ( read original story ...)
HSBC kicks off informal investor talks for Indonesian business IPO
HSBC Holdings Plc has started briefing investors on a potential initial public offering (IPO) of its Indonesian business, said two sources with direct knowledge of the matter. ( read original story ...)
HSBC kicks off informal investor talks for Indonesian business IPO – sources
HSBC Holdings Plc has started briefing investors on a potential initial public offering (IPO) of its Indonesian business, said two sources with direct knowledge of the matter. ( read original story ...)
Hong Kong stocks extend losses as Alibaba, Tencent, HSBC retreat, currency slump adds to sell-off pressure
Stocks continue a slide towards the lowest level in more than 11 years. The offshore yuan trades at a record low while the HKMA intervenes to support the Hong Kong dollar peg. ( read original story ...)
Hong Kong rises to fourth among biggest IPO markets globally, as Shanghai’s Star Market takes top spot
The city improved upon a 10th-place ranking in June after bourse operator Hong Kong Exchanges and Clearing’s main board saw 47 IPOs raise US$8.8 billion in the first nine months. ( read original story ...)
Hong Kong Will Keep Reopening Unless New Variant Emerges, Lo Says
Hong Kong will stick with its push to reopen to the world unless a dangerous new virus variant emerges, while stressing the financial hub has an obligation to protect mainland China from major ... ( read original story ...)
Sentiment in the Hong Kong stock market remains ‘extremely fragile,’ says Kingston Securities
Dickie Wong of the securities brokerage and research services company says Hong Kong's IPO market is "simply lukewarm" and is trading at extremely low levels. ( read original story ...)
Hong Kong IPO activities increases in the third quarter, says KPMG
Geopolitical and economic uncertainties continue to weigh on global markets, with proceeds from initial public offerings (IPO) in the United States and Hong Kong dropping by 94% and 76% respectively ... ( read original story ...)
Leapmotor and Onewo shares tumble in Hong Kong debut
Hong Kong's two largest completed IPOs of 2022 worth a combined $1.5 billion closed deep in the red on their market debuts on Thursday, dampening prospects of a recovery in new share sales in the city ... ( read original story ...)