FWD Group, the Hong Kong-based insurer backed by billionaire Richard Li, withdrew its U.S. initial public offering as China tightens its grip on overseas listings. . Read more at straitstimes.com. ( read original story ...)
FWD ditches US IPO plan
Hong Kong-based insurance company FWD Group Holdings has withdrawn its US IPO filing, just three months after first announcing the transaction. The firm, backed by billionaire businessman Richard Li, ... ( read original story ...)
Richard Li’s FWD Withdraws U.S. IPO Plan With Pivot to Hong Kong
FWD Group Ltd., the Hong Kong-based insurer backed by billionaire Richard Li, withdrew its U.S. initial public offering as China tightens its grip on overseas listings. ( read original story ...)
Hong Kong: Lowest election voters turnout yet, pro-govt candidates win
Hong Kong "patriots only" elections witnessed a record low voter turnout as pro-government candidates swept into the expanded legislature. ( read original story ...)
Hong Kong Stock Market Predicted To Extend Losing Streak
The Hong Kong stock market has moved lower in consecutive trading days, dropping more than 725 points or 3 percent in that span. The Hang Seng Index now rests just beneath the 22,750-point plateau and ... ( read original story ...)
Hong Kong Legislative Council election: shake-up in victorious pro-Beijing camp, with surprise losers, big winners and ‘elite newcomers’
Parties that only managed to hang on to the same number of seats as before, or even lost some, might see their influence diluted in the bigger 90-member Legco. ( read original story ...)
Pro-Beijing candidates sweep controversial Hong Kong election
Pro-Beijing candidates swept a recent legislative election in Hong Kong amid growing fears that China is clamping down on the city's freedoms.Some of the candidates chanted "guaranteed win" at a ... ( read original story ...)
Democracy Boycott in Hong Kong
Most of the public refused to participate in a sham election. ( read original story ...)
Chinese artificial intelligence start-up relists Hong Kong IPO after US blacklisting
SenseTime, which is a Chinese artificial intelligence start-up, has revived its initial public offering, proceeding with Hong Kong listing on Monday (December 20). The decision comes a week after it ... ( read original story ...)
U.S. Warns Banks as It Names Five More Chinese Officials Under Hong Kong Act
The United States on Monday named five already-sanctioned Chinese officials it said had contributed to undermining Hong Kong's democracy and warned that foreign financial institutions that conduct ... ( read original story ...)
Hong Kong’s Stunt Elections Provide the Illusion of Democracy
By rigging the game, Beijing gets to cosplay democracy without having to worry about the unpredictable results of the real thing. ( read original story ...)
The people’s choice? Beijing loyalists win Hong Kong elections.
On Sunday, supporters of China’s Communist Party won the majority of legislative seats in Hong Kong. The elections, which took place under new vetting procedures ensuring only “patriots” can run for ... ( read original story ...)
Pro-establishment candidates win Hong Kong’s ‘patriots-only’ election
Hong Kong saw a historically low voter turnout for its 2021 pro-government legislative election after all ballots were counted on Monday. ( read original story ...)
Hong Kong: Market tumbles to 22-month low
At closing bell, the benchmark Hang Seng Index declined 1.93%, or 447.77 points, to 22,744.86, its lowest level since March 2020. The Hang Seng China Enterprises Index dropped 2.13%, or 175.26 points, ... ( read original story ...)