Some departments lose up to 20 per cent of their staff, while the hardest-hit team is cut in half, sources say.
The largest IPO in Hong Kong stock market this year may be coming! CATL Receives 21 Times Oversubscription, Lithium Battery Sector Heats Up
This week, CATL, a leading domestic lithium battery company, launched its Hong Kong IPO, heating up the lithium battery sector.
Exclusive: Animoca’s Yat Siu says bank-backed stablecoins will drive mass adoption
Animoca’s Yat Siu says bank-issued stablecoins will drive global adoption, as Hong Kong launches a licensed token — just as U.S. lawmakers block a key stablecoin bill, sparking criticism from Treasury ...
Tesla Supplier CATL Sets Modest Underwriting Fees For World’s Biggest IPO Of 2025
Investment banks managing Tesla (NASDAQ: TSLA) battery supplier CATL's IPO, the world's largest listing of 2025, are set to earn underwriting fees that fall below the industry standard.
China’s CATL targets nearly $4b in HK’s biggest IPO of 2025
Contemporary Amperex Technology Co Ltd, the world's largest electric vehicle battery maker, is aiming to raise up to HK$41 billion ($3.99 billion) in a Hong Kong initial public offering, which would ...
HSBC’s Wayfoong becomes Hong Kong first captive insurer formed by a multinational enterprise
HSBC Group has received approval from the Insurance Authority (IA) to set up a captive insurance company, Wayfoong (Asia) Limited, in Hong Kong, which has ...
Hang Seng Bank launches cross-boundary wealth centre at Central branch
The Hong Kong-based bank has seen an 80% rise in new account openings for retail mainland customers. Hang Seng Bank has unveiled its flagship cross-boundary wealth center at its Hong Kong Main Branch ...
‘HK ideal platform to reach out to new markets’
A leading Chinese digital bank says Hong Kong provides the ideal platform for mainland enterprises to reach out to Belt and Road markets, citing the ...
Minister of Finance stresses depth of Qatar’s relations with Hong Kong Special Administrative Region of China
Doha:Minister of Finance HE Ali bin Ahmed Al Kuwari emphasized the deep relations between the State of Qatar and the Hong Kong Special ...
CATL’s US$5.3 billion Hong Kong IPO defies gloom with city’s biggest stock sale since 2021
Listing is expected to be the largest in Hong Kong since Kuaishou Technology raised US$6.2 billion in January 2021.
HSBC and Standard Charted shares surge as trade war cools
HSBC and Standard Chartered shares surged on Monday after China and the US made progress on a trade agreement.
Chinese Battery Giant CATL Seeks Over $4 Billion In Hong Kong Listing
Contemporary Amperex Technology, the world’s largest electric vehicle battery maker, started taking investor orders on Monday for a listing in Hong Kong that could raise more than HK$31 billion ($4 ...
AI Drug Firm METiS Considering $200 Million Hong Kong IPO, Sources Say
Artificial intelligence-driven drug firm METiS Pharmaceuticals is considering an initial public offering in Hong Kong to raise as much as $200 million, according to people familiar with the ...
Chinese EV battery giant CATL aims to raise $4 bn in Hong Kong IPO
Chinese EV battery giant CATL aims to raise $4 billion in its Hong Kong listing scheduled for May 20, said a statement filed to the bourse Monday, making it the largest IPO expected in the city so far ...