Chabaidao’s stock ended the day 27 per cent lower after slumping as much as 38 per cent. It raised about HK$2.6 billion (US$331.7 million) from the sale of 147.8 million shares at HK$17.50 each.
Hong Kong stocks surge by most in 3 weeks as Chinese market regulators’ promise of support lifts sentiment
Hong Kong stocks climbed most in three weeks as investors ramped up their buying on expectations that a slew of supportive measures from the Chinese securities watchdog will aid sentiment.
How to score the best office rental deals in Hong Kong
The key to securing the best office rental deal in Hong Kong begins with thorough research. Utilize online platforms, real estate agencies, and networking connections to gather information on ...
Bubble Tea IPO Drains Dregs of Optimism From Hong Kong
Hi, it’s Pei Li in Hong Kong, where a Chinese bubble tea maker just made its much-anticipated trading debut—and it wasn’t sweet. Also today, Boeing’s Spirit AeroSystems bid hits a snag and drone ...
China Market Update: Strategist Upgrades Maintain Hong Kong’s Rise
Hong Kong’s most heavily traded stocks by value were Tencent, which gained +3.75% after purchasing another 3 million shares, Meituan, which gained +7.95% after purchasing 4 million shares, Alibaba, ...
Come to Hong Kong, we have ‘good conditions and advantages’ for hydrogen development, Towngas executive says
Hong Kong has the potential to become an international innovation hub for hydrogen technologies, says Towngas’s Don Cheng.
Is the tea bubble bursting? ChaPanda shares plunge in Hong Kong IPO
Shares in Chinese bubble tea chain Sichuan Baicha Baidao failed to pop during their market debut Tuesday, tumbling as much as 38% from their listing price.
Hong Kong has achieved ‘soft landing’ with Article 23 law, top adviser says
Regina Ip, convenor of government’s key decision-making Executive Council, says current situation is ‘inflection point’ for city.
Hong Kong’s bubble tea IPO flop is a sign of the market times
The bursting of Chabaidao’s bubble will now set the tone for the Hong Kong IPO market in the coming months. During a time of high competition for scarce funds, heading to market ahead of its rivals ...
A Bubble-Tea IPO Became Hong Kong’s Biggest This Year—and Slumped on Its Trading Debut
Executives at a bubble-tea company struck the gong Tuesday morning for Hong Kong’s biggest IPO yet this year. Then silence descended on the listing hall. Shares of Sichuan-based ChaPanda opened 10% ...
Hong Kong has to ensure the talent it attracts stays
Top Talent Pass Scheme drew nearly 46,500 successful applicants in the past financial year, and they must be encouraged to put down roots so local people can also benefit.
Another Chinese Beverage Company Pushes to Revive Hong Kong Market with Billion Dollar IPO
Advised by Clifford Chance, Jingtian & Gongcheng and Harneys, China Resources Beverage has filed for a listing on the Hong Kong Stock Exchange.
JPMorgan China names new heads for China investment banking arm
JPMorgan Chase & Co appoints Lu Fang to chair the board of its China investment banking arm, replacing former chair Park Pu, according to a company memo reviewed by Reuters and confirmed by a company ...
Hong Kong leader John Lee shrugs off criticism over single-use plastics ban, says ‘market forces’ will lead to better utensils
Chief Executive John Lee says administration's main concerns are steady supply of alternative products and affordability for consumers Some have complained over quality of products replacing ...