Chinese online short video company Kuaishou will open the books for its Hong Kong initial public offering (IPO) next Monday to raise at least US$5 billion in a deal that could value the company at ... ( read original story ...)
IPO Market Has Defied Expectation, Says EY’s Go
Paul Go, global IPO leader at EY, discusses the company’s latest IPO report and his outlook for the market in 2021. He speaks on “Bloomberg Daybreak: Asia.” (Source: Bloomberg) ... ( read original story ...)
Coronavirus highlights ‘urgent’ need for China’s digital currency, says state-owned bank
China’s e-yuan will allow closer scrutiny of risky investments and help ensure repayment of debt, says Guo Weimin, chief scientist at the Bank of China. ( read original story ...)
Chinese Investors Pull More Than $3 Billion From Funds That Missed Out on Ant IPO
Millions of individual investors in China withdrew more than $3 billion from five mutual funds that previously touted access to Ant Group’s blockbuster IPO, drastically shrinking the funds just two ... ( read original story ...)
Hong Kong could spearhead China’s financial integration with world, digital yuan use: government officials
Attempts by Donald Trump to decouple the world’s two largest economies had cemented China’s resolve to integration financially with other countries. This presented an opportunity for Hong Kong, said ... ( read original story ...)
Hong Kong stocks end at 20-month high on mainland China demand
Jan 19 (Reuters) - Hong Kong stocks closed at a 20-month high on Tuesday, helped by steady and robust demand from investors in mainland China for shares in the Asian financial hub. ** The Hang Seng ... ( read original story ...)
Hong Kong stocks hit 20-month high on mainland China demand
Hong Kong stocks climbed to a 20-month high on Tuesday, helped by steady and robust demand from investors in mainland China for shares in the Asian financial hub. ** The Hang Seng index added 3.1%, to ... ( read original story ...)
Hong Kong Stocks at 20-Month High as Record China Cash Floods In
Hong Kong stocks are set to close at their highest level since May 2019 as mainland investors continue a record spending spree in the city. ( read original story ...)
Hang Seng Index jumps by most in 10 weeks as mainland traders rush in for beaten-down stocks, valuation gap
Hong Kong investors are enjoying the market’s best start to a year in more than a decade as mainland stock traders rush in with a record amount of purchases. ( read original story ...)
China Inc. tests Biden stance on listings with $1.2bn IPO
HONG KONG -- E-cigarette maker RLX Technology plans to raise as much as $1.2 billion in an U.S. initial public offering this week as Joe Biden takes office following a string of moves by Washington to ... ( read original story ...)
Hong Kong to Extend Outbreak-Control Measures as Cases Surge
Hong Kong will extend social-distancing measures, expand mandatory testing and introduce new restrictions in certain neighborhoods to battle an extended wave of coronavirus cases. ( read original story ...)
Hong Kong stays on dangerous roller coaster ride
Troubled Ocean Park is receiving another government lifeline, growing its rescue cost to over $1 bln. That's more than the latest stimulus package, in a further sign of the city’s skewed priorities. ( read original story ...)
Shareholders cash in on Hong Kong stock market rally as investors snap up jumbo block-trade shares sales
Strong IPO pipeline for 2021 is likely to inject more money into the Hong Kong market, encouraging more listed companies to launch share sales. ( read original story ...)
Kuaishou’s Hong Kong IPO could value company at $60bn
Kuaishou’s initial public offering on the Hong Kong stock exchange could see the Chinese online short video company valued at $60bn. ( read original story ...)