Amsterdam-listed Prosus plans to trim its 28.8 per cent stake in Tencent Holdings over time to fund its stock buy-back programme Hang Seng Index members have recouped US$592 billion of market value ... ( read original story ...)
HSBC Buys back 3.12M Shrs in HK, London Ytd for $160M
HSBC HOLDINGS (00005.HK) announced that it had repurchased a total of 3.1205 million shares in London and Hong Kong yesterday (27th), involving a total of approximately HKD161 million. HSBC ... ( read original story ...)
Mega Genomics raises $20M in Hong Kong IPO, shares jump 16.7%
Mega Genomics Ltd. raised HK$153.4 million (US$20 million) in an initial public offering on the Stock Exchange of Hong Kong. Its shares jumped 16.7% in the middle of the first trading day on June 22 ... ( read original story ...)
China is building a yuan currency reserve to compete with the dollar and prop up other economies facing volatility
The People's Bank of China announced it is developing a yuan reserve with five other nations. Five nations including Hong Kong and Singapore will contribute 15 billion yuan, or about $2.2 billion. ( read original story ...)
Snack Maker Weilong to Revive $500 Million Hong Kong IPO
Weilong Delicious Global Holdings Ltd. has decided to revive a Hong Kong initial public offering that could raise about $500 million, people familiar with the matter said. ( read original story ...)
Hong Kong can be a hub, not just for capital going into China, but also funds coming out of mainland for M&A, ex-SFC chairman says
Hong Kong has been the world's largest initial public offering market seven times in the past 13 years. This is thanks mainly to new listings by Chinese companies, which represented 98 per cent of all ... ( read original story ...)
Dutch Treat For JD, Hong Kong Internet Gains
The Hang Seng closed above the 22k level, a big, round, useless number, but Hong Kong’s large warrant market (structured ... My weekend reading included a big global investment bank’s research piece ... ( read original story ...)
Hong Kong’s Hang Seng up 2% as Asia markets gain; logistics firm GoGoX falls below offer price
Logistics company GoGoX fell in afternoon trade to close at 16.72 Hong Kong dollars ($2.13) after reaching 23.15 Hong Kong dollars earlier in its debut session. The stock's offer ... ( read original story ...)
Growatt eyes up to $800m in IPO
The company filed for its IPO last Friday. Credit Suisse and CICC are sponsors. Compared to other companies eyeing a Hong Kong listing, Growatt is aiming at a relatively large deal size. For instance, ... ( read original story ...)
Hong Kong’s top finance executives bank on city to thrive as gateway to China
In 1997, the world watched as Britain returned Hong Kong to Chinese rule, with some pessimistic or wary about the outlook for the city and its role in the global financial system. ( read original story ...)
China, HK stocks surge as Shanghai declares victory over COVID
China stocks rose for a third consecutive session on Monday, with tourism and consumer sectors leading gains, as Shanghai's top party boss declared victory over COVID-19 after the city reported zero ... ( read original story ...)
China, Hong Kong stocks surge as Shanghai declares victory over COVID
Hong Kong equities surged the most in nearly six weeks ... dining-in at restaurants from June 29 in some areas.Also boosting sentiment, China’s central bank said it made the biggest daily cash ... ( read original story ...)
Hong Kong stocks end morning more than 3% higher
HONG KONG: Shares rose more than three percent in Hong Kong on Monday morning, in line with a rally across Asian markets, with weak economic data easing concerns over central bank interest rate hikes. ( read original story ...)
Hong Kong stocks approach three-month high on China recovery signals as Beijing eases lockdown measures
Stocks jump as 57 of the 69 Hang Seng Index members chalk up gains. Reports this week may show Chinese manufacturing likely expanded in June, ending a three months of contraction. ( read original story ...)