China Evergrande Group said it sold 28% of a property management unit for HK$23.5 billion ($3 billion), bringing in strategic investors ahead of a possible IPO for the unit. ( read original story ...)
Continued Consolidation Called For Hong Kong Stock Market
The Hong Kong stock market on Thursday halted the two-day winning streak in which it had advanced more than 850 points or 2.9 percent. The Hang Seng Index now rests just above the 25,230-point plateau ... ( read original story ...)
Largest Chinese IPO of 2020 KE Holdings bags biggest billion-dollar pop since 2000
China's largest housing platform operating under the Lianjia and Beike brands, raised $2.1 billion in the largest US IPO from a Chinese issuer since 2018 and posted the best first-day pop for a ... ( read original story ...)
Beike owner KE open to secondary Hong Kong or mainland listing after U.S. IPO
KE Holdings, operator of housing platforms Beike Zhaofang and Lianjia, is open to a secondary listing in Hong Kong or mainland China, after raising around $2 billion on Thursday in the biggest U.S. ( read original story ...)
Chinese firms flood into U.S. IPOs despite delisting threat
The U.S. government is threatening to delist Chinese companies that do not meet U.S. accounting standards, but mainland firms are rushing to offer their shares on New York exchanges, sometimes in ... ( read original story ...)
Truth is, the national security law won’t hurt Hong Kong’s viability as a global financial centre
Critics are right to warn about the loss of some freedoms in Hong Kong and the possibility of a talent and capital flight. But many of its advantages remain – enough to safeguard the SAR’s status as a ... ( read original story ...)
China central bank issues 30 billion yuan of offshore bills: HKMA
China's central bank issued 30 billion yuan ($4.3 billion) of offshore bills in Hong Kong on Thursday, according to a notice published by the Hong Kong Monetary Authority. ( read original story ...)
China Banks Act to Comply With Trump Sanctions on Hong Kong
(Bloomberg) -- China’s largest state-run banks operating in Hong Kong are taking tentative steps to comply with U.S. sanctions imposed on officials in the city, seeking to safeguard their access to ... ( read original story ...)
HSBC banking on Greater Bay Area to reverse fortunes
Yet, for all the challenges, HSBC is right to bank on China, no pun intended. Since its on-again, off-again job cuts and restructuring programme four months ago, it has kept its cards close to its ... ( read original story ...)
1,200 per cent rally in Next Digital puts Apple Daily’s publisher among Hong Kong’s biggest media groups, sparks calls for regulatory probe
Nearly 4.1 billion shares changed hands, almost 10 times what was transacted every day in the past year, as calls sounded out on LIHKG and other social media platforms for Apple Daily’s supporters to ... ( read original story ...)
Hang Seng Index gains as investors pile into battered old economy stocks
Next Digital tumbled 41 per cent, after a 1,200 per cent run-up over the previous two days. Its founder was arrested on Monday on suspected violation of the city’s new national security law, sparking ... ( read original story ...)
Hong Kong’s police credit union shifts billions in assets to mainland banks, citing exposure to US sanctions over national security law
Credit union tells members they have been ‘gradually withdrawing or relocating most of our assets and investments from foreign banks’ since May. ( read original story ...)
Hang Seng Index turns up; tech stocks fall in Hong Kong as traders rotate out of new economy into traditional sectors like banks
Next Digital, which shot up as much as 59 per cent in the morning, tumbled 40 per cent after the break. Its founder was arrested on Monday on suspected violation of the city’s new national security ... ( read original story ...)
Chinese Banks Move to Comply With U.S. Sanctions on Hong Kong
China’s largest state-run banks operating in Hong Kong are taking tentative steps to comply with U.S. sanctions imposed on officials in the city, seeking to safeguard their access to crucial dollar ... ( read original story ...)