Baidu debuted on Hong Kong’s stock exchange yesterday after raising $3.1bn in its initial public offering, the latest mainland tech giant to flock to the financial hub. Chinese search engine Baidu ... ( read original story ...)
Hong Kong expecting a growth of 3.5%-5.5% in 2021: HK Financial Secretary
Hong Kong File photo. Hong Kong is expected to see a growth raging from 3.5 percent to 5.5 percent in 2021 and will continue to give financial support to small and medium-sized en ... ( read original story ...)
Bilibili priced Hong Kong listing at HK$808 a share as ‘China’s YouTube’ hit by tech valuations fears
Video-streaming and mobile gaming site Bilibili priced its share sale on Hong Kong's stock exchange at ... Bilibili's chief financial officer to investors. "It is becoming a dominant medium ... ( read original story ...)
Weakness in bank stocks pulls indexes lower on Wall Street
A man walks past a bank's electronic board showing the Hong Kong share index at Hong Kong Stock Exchange Tuesday, March 23, 2021. Asian stock markets were mixed Tuesday after Wall Street rose on ... ( read original story ...)
Weakness in bank stocks leaves indexes mixed on Wall Street
Major indexes were little changed in afternoon trading as a drop in bond yields pushed down banks and energy companies. Big technology companies, which benefit from lower bond yields, were ... ( read original story ...)
China’s Baidu closes flat on debut as investors wary of fundraising spree in city
Baidu Inc shares have closed flat in their Hong Kong secondary listing debut on Tuesday, bucking a trend of first-day pops on the bourse, as investors were wary of a fundraising flurry in the city and ... ( read original story ...)
Hong Kong/China rally may just be starting as downtrend broken
While the surge in mainland inflows in Hong Kong to start 2021 arbitraged some of this premium away, there is still room for further narrowing of the pricing gap toward the pre-pandemic range of 20-30 ... ( read original story ...)
China’s central bank to issue 5 bln yuan of bills in Hong Kong
BEIJING, March 23 (Xinhua) -- China's central bank plans to issue 5 billion yuan (about 768.8 million U.S. dollars) worth of bills in Hong Kong on Thursday. The maturity of the fixed-rate bill is set ... ( read original story ...)
AIA Said to Near Deal for Bank of East Asia’s Life Insurance Arm
AIA Group Ltd. is nearing a deal to buy the life insurance unit of Bank of East Asia Ltd., the Hong Kong-based lender whose shareholders include Paul Singer’s Elliott Management Corp., according to ... ( read original story ...)
Hong Kong Observatory says city’s residents should expect another sweltering summer
The Observatory predicts the city’s annual typhoon season may start in June or earlier, and expects around five to eight tropical cyclones coming within 500km of Hong Kong. A Hong Kong summer without ... ( read original story ...)
Baidu shares fall flat on Hong Kong debut
Baidu shares fell flat on their debut in Hong Kong on Tuesday (March 23). The online search giant saw its stock close level on the day. That bucks the trend for big first-day gains for new listings. ( read original story ...)
What the Hong Kong Protesters’ Trial Reveals About Beijing
In cracking down on dissent, the government has jailed many of Hong Kong’s loudest progressive voices. The police report refers to it simply as “the Scheme.” It was, in law enforcement’s telling, a ... ( read original story ...)
Baidu shares gain 0.8 per cent in underwhelming Hong Kong debut as IPO craze vanishes
Its shares opened for trading at HK$254, according to stock exchange data, and rose to as high as HK$256.60. They recently traded at HK$255 as of 9.35am local time, giving the company a market value ... ( read original story ...)
Roundup: Continued IPO boom underpins Hong Kong’s financial strength
With the debut of Baidu Inc. on Tuesday, Hong Kong's fund-raising market has appeared to maintain its momentum over recent months and will likely climb to a new height this year, further proof of the ... ( read original story ...)