The Shanghai Composite Index has risen by an average of 16 per cent during the previous nine suspensions of IPOs carried out by the regulator to bolster sentiment, according to China Fortune ...
Innovent Biologics loses US$332 million of market value in Hong Kong on stock placement plan
Firm hired Morgan Stanley to help sell 68 million new shares at an 8.8 per cent discount to market price Similar fate greeted previous stock placements by China Vanke, Anta Sports and Country Garden ...
HSBC raises rates on new Hong Kong mortgages to 4.125%: report
The raise will come into effect on 18 September. HSBC is set to raise mortgage rates for borrowers in Hong Kong and China. The lender is raising the cap on home loans linked to the Hong Kong interbank ...
Fenbo Files for IPO
By Ben Glickman Fenbo Holdings on Monday filed for an initial public offering with the U.S. Securities and Exchange Commission. The Hong
Hong Kong’s First SPAC Pumps Up With Steel Trader ZG Group
ZG Group will raise HK$605 million from new investors through its SPAC merger with Aquila Acquisition, valuing the company at HK$10 billion The company lost a combined 1.1 billion yuan in the past ...
IPO Roundup: Arm Holdings, Vitro Biopharma and more
The IPO market is preparing for a significant event this week, with SoftBank Group's chip CPU unit, Arm Holdings (ARM), preparing to price its $4.7B IPO. This marks the largest IPO since Rivian (RIVN) ...
HSBC to Raise Mortgage Rates in Hong Kong; Property Stocks Fall
Hong Kong banks, including HSBC, last raised mortgage rates by 25 basis points in December, after Hong Kong's central bank hiked rates following the U.S. Federal Reserve. Interest rates in Hong Kong ...
HSBC to hike mortgage rates in Hong Kong by up to 50 bps
HSBC Holdings will raise its mortgage rates in Hong Kong by a maximum of 50 basis points, a spokesperson for the bank said on Monday, as it tries to maintain its profit margin amid higher interest ...
Alibaba stock slides after ex-CEO abruptly quits cloud unit ahead of IPO
Alibaba's stock lost more than 4% in Hong Kong on Monday after ex-group CEO Daniel Zhang quit just two months after concentrating his focus on cloud computing, raising concern over the unit's spin-off ...
Freshippo reportedly delays planned IPO due to low valuation
Alibaba’s grocery unit Freshippo has postponed its Hong Kong IPO amid weak consumer share sentiment, according to Bloomberg. The unit was originally ...
China Citic Bank eyes mobile banking increase in Hong Kong, aims to save 1 million sheets of paper a year
China Citic Bank aims to turn its 24 Hong Kong branches paperless within the next year as it promotes mobile banking Wider acceptance of mobile banking gives smaller lenders that lack branch networks ...
Hong Kong Builders Sink on Sun Hung Kai Earnings, HSBC Rate Plan
Hong Kong property stocks suffered their biggest selloff in seven months, hit by disappointing earnings at the city’s top builder and a major bank’s reported plan to raise mortgage rates. The Hang ...
HSBC to Raise HK Mortgage Rates in Added Pressure on Economy
HSBC Holdings Plc, the dominant lender in Hong Kong, is set to raise mortgage rates for borrowers in the Chinese territory, adding pressure on the city’s slumping property market. The lender is ...
China stocks gain on fresh stimulus measures; property, tech drag HK lower
SHANGHAI/HONG KONG Sept 11 (Reuters) - China stocks rose on Monday ... for insurance companies to channel more resources into the capital market,” OCBC Bank analyst Tommy Xie wrote. ** From Monday, ...