OCC Cables Ltd. on Friday said it will no longer proceed with an IPO in Hong Kong due to adverse market conditions. Vehicle fleet operator LeasePlan Corp. fell victim on Thursday, citing market condit... ( read original story ...)
Global Equities’ Rout Derails IPO Plans From Spain to Hong Kong
The volatility in global equity markets derailed more companies’ plans for initial public offerings as stocks in Asia and Europe dropped on Monday and U.S. equity futures pointed to further declines. ... ( read original story ...)
Hong Kong is Rocking Fintech
Last month, CI reported on the fact that 29 entities have applied for the new Virtual Banking License in Hong Kong with more to follow. Digital banks, minus costly brick and mortar operations, will so... ( read original story ...)
Hong Kong’s securities regulator mulling over new rules for city’s cryptocurrency exchanges
Hong Kong’s Securities and Futures Commission (SFC ... Circle is notably backed by Chinese investors counting Bitmain, Baidu, Credit Ease, and investment bank Goldman Sachs. “Since we started the comp... ( read original story ...)
China’s Innovent Biologics looks to raise up to $422 million in HK IPO: sources
HONG KONG (Reuters) - Chinese biotech firm Innovent Biologics is looking to raise up to $422 million in its Hong Kong IPO, three sources said, in what could be the biggest biotech IPO in the financial ... ( read original story ...)
Hong Kong needs standardised privacy laws, improved data sharing protection to combat financial crime more effectively
Hong Kong, and other jurisdictions globally, need to standardise privacy laws and improve data sharing protection to combat financial crime in a more effective manner, said David Craig, chief executiv... ( read original story ...)
Central bank boss warns of moves
Chinese central bank governor Yi Gang said yesterday he still sees plenty of room for adjustments in interest rates and the reserve requirement ratio as downside risks from trade tensions with the Uni... ( read original story ...)