Hong Kong’s move to scrap long-standing cooling measures in February was a breath of fresh air at a time when other markets are turning inward. The city deserves credit for adopting a contentious ...
Another big Chinese property developer faces a liquidation suit
Shanghai-based property giant Shimao Group said on Monday that it had received a liquidation petition from a Chinese state-owned bank, in yet another instance of creditors taking legal action to ...
Chinese state-owned bank seeks liquidation of property developer Shimao
Steps taken in Hong Kong by China Construction Bank signal creditors’ growing impatience with struggling sector ...
IPO activity ‘lukewarm’ in Southeast Asia with 38 deals raising US$1.0 bil in 1Q2024: EY
The Americas, on the other hand, saw strong IPO activity with 52 deals raising US$8.4 billion in proceeds in 1Q2024, up 21% and 178% y-o-y. Each of the top seven deals during the period raised over ...
Hong Kong braces for another sweltering year; Observatory expects greater number of stronger typhoons
Hong Kong’s forecaster says the city should brace for another sweltering year with possibly more typhoons than normal. The Hong Kong Observatory noted that 2023 was the city’s second-warmest year ...
Hong Kong looking at more steps to boost stock market, says Lee
Hong Kong's leader John Lee said on Monday the authorities were considering additional measures to bolster the securities market in the Asian financial hub, which has taken a hit from China's economic ...
China property giant Shimao faces winding-up case
China's crisis-hit property market has been dealt a fresh blow as major real estate developer Shimao Group has been hit with a winding-up petition. State-owned China Construction Bank (Asia) filed the ...
Bonnie Chan: HKEX (00388.HK) Has Reduced IPO Approval Times, But Room to Speed Up Still Exists
There have been criticisms that HKEX (00388.HK) is taking too long to approve IPOs. Bonnie Chan, CEO of HKEX, said the median approval time for main board listings in 2023 was significantly reduced ...
HSBC summit: Hong Kong’s heritage in ‘business of thriving’ is ‘not about to change’, John Lee tells global investors
I'm confident that as global investors, you can see the far-reaching promise of Hong Kong for yourself,' Chief Executive tells HSBC summit The government is committed to enhancing the city's markets, ...
Shimao Shares Fall After China Bank Files Liquidation Petition
Shimao Group shares fell sharply after a Chinese state-run bank filed a liquidation petition against the heavily indebted developer, adding uncertainty to a proposed restructuring of offshore debt.
US treads carefully in responding to Hong Kong’s new national security law
The U.S. has denounced Hong Kong’s new national security law as a tool to potentially silence dissent both at home and abroad, but so far the action from Washington has been notably muted, ...
Hong Kong leader says government considering more steps to boost stock market
Hong Kong's leader John Lee said on Monday the authorities were considering additional measures to bolster the securities market in the Asian financial hub, which has taken a hit from China's economic ...
Hong Kong stocks rise after US-China talks triggers cautious optimism, investors eye key data releases
Hong Kong stocks rose after US-China talks, described as ‘extensive and productive’ by US Treasury Secretary Yellen, triggered optimism. Key economic data releases will drive sentiment later in the ...
China property developer Shimao faces liquidation order from state-owned bank
By Scott Murdoch (Reuters) -Chinese property developer Shimao Group said on Monday that China Construction Bank (Asia) had filed a liquidation petition against it in Hong Kong over a financial ...