Improving market conditions and a backlog of private equity sales are setting the stage for a busy 2025 in equity capital markets, with initial public offerings likely to pick up across regions, according to consultancy Ernst & Young.
Hong Kong bourse’s profit beats estimates on China stimulus, rate cuts
Hong Kong's bourse operator reported a 7% rise in third-quarter profit on Wednesday, ahead of forecasts, as China's stimulus package and interest rate cuts by global central banks fuelled trading and listing activities.
Hong Kong exchange’s third-quarter profit up 7%, beating estimates
HONG Kong’s bourse operator reported a 7 per cent rise in third-quarter profit on Wednesday, ahead of forecasts, as buoyant trading and signs of revived listing activities boosted revenue. Read more at The Business Times.
China Resources Beverage shares jump 13.5% on Hong Kong IPO debut
Shares of drinks maker China Resources Beverage leapt 13.5% on its Hong Kong trading debut on Wednesday after raising $540 million in an initial public offering (IPO).
Rich Hong Kong families sell mansions at a loss to repay debt
Rich families in Hong Kong are selling their villas and mansions at deep discounts so they can pay off debt, exacerbating the city’s prolonged property slump. About 40% of secondary property deals ...
Alt-rock band Wellsaid on new album Regretopia, Hong Kong’s music community, and going viral on TikTok
Released via new local label Un.Tomorrow, the quartet’s album is a meditation on the city’s collective experiences – and regrets.
Horizon Robotics raises $696m in Hong Kong’s IPO
Horizon Robotics, a Chinese autonomous driving company, has raised $696m (5bn yuan) through an initial public offering (IPO) in Hong Kong. This makes it Hong Kong’s largest IPO for the year, according ...
China’s Horizon Robotics set to price shares at top of range to raise $696 million in Hong Kong IPO, sources say
Chinese autonomous driving firm Horizon Robotics has priced its shares at HK$3.99 each, the top of its range, to raise $696 million in an initial public offering in Hong Kong, according to two sources ...
HSBC reorganises to make Hong Kong a ‘top strategic priority’ in global banking business
HSBC Holdings will reorganise its worldwide operations into four business units and two geographic areas, as one of the world’s largest banks creates a structure that makes Hong Kong – the H in HSBC – ...
HSBC to split U.K. and Hong Kong banking arms into two separate units
HSBC’s overhaul will see the bank split into four separate units under the control of two distinct Eastern and Western markets divisions, new CEO Georges Elhedery said ...
HSBC splits bank between East and West in major overhaul
HSBC has announced the appointment of its first female finance chief in the bank's 159-year history as its new boss shakes up the business. Pam Kaur has worked at the bank for more than a decade and ...
HSBC merges commercial and investment banking units, names first female CFO
HSBC Holdings said on Tuesday it would combine its commercial and investment banking operations in a major overhaul under new CEO Georges Elhedery that has also seen key senior staff depart. Seeking ...
HSBC puts wealth in the spotlight after huge restructure
HSBC Holdings is set to undergo a massive restructure into four businesses to accelerate delivery against its strategic priorities. From 1 January 2025, HSBC will operate under these arms; Hong Kong, ...
New HSBC CEO Shakes Up Structure of Europe’s Biggest Bank
HSBC unveiled a revamped structure designed to cut costs, at a time when falling interest rates are likely to eat into income at Europe's biggest bank by assets Under the [plan laid out Tuesday]( ...