Chinese contract drug manufacturer Asymchem Laboratories Tianjin Co. dropped in its first day of trading in Hong Kong, after completing the Asian financial hub’s biggest initial public offering in ... ( read original story ...)
Evergrande Crisis Won’t Hurt Hong Kong Investors, China’s Bank Chief Says
The rights and the interest of [Evergrande's] creditors and shareholders will be fully respected, in accordance with their legal seniorities," said governor Yi Gang. ( read original story ...)
China Pilots Connection Between Digital Yuan and Hong Kong Fast Payment System
China is now working on connecting its nearly finished CBDC to Hong Kong’s Fast Payment System, and concern has been growing in U.S. financial circles. ( read original story ...)
US to blacklist SenseTime in time for Hong Kong IPO
The U.S. Treasury is to place artificial intelligence and biometrics firm SenseTime on the Chinese military-industrial complex companies blacklist on Friday. ( read original story ...)
Hang Seng recoups US$128 billion of market value as Alibaba leads three-day advance on China easing bets
Stocks logged a third day of advance after factory-gate prices in mainland China cooled last month from a 26-year high, potentially creating room for more policy easing. ( read original story ...)
Regulators affirm Hong Kong’s role as China’s link to the world, underscoring city’s status as financial hub
Top financial regulators in Hong Kong and China on Thursday reaffirmed the city’s role as an international financial centre. ( read original story ...)
Chinese Weight Management Firm Lvshou Mulls Hong Kong IPO
Lvshou, a Chinese weight management company, is considering an initial public offering in Hong Kong that could raise about $150 million, people with knowledge of the matter said. The Guangzhou-based ... ( read original story ...)
Opinion: Is Hong Kong Ready for Chinese Tech Stocks Exiled From New York?
What a chaotic week we just had for U.S.-listed China tech stocks. Last Friday, Didi’s announcement that it would delist from the New York Stock Exchange (NYSE) and seek a Hong Kong listing jolted the ... ( read original story ...)
Sinochem Hong Kong (Group) Company Limited — Moody’s affirms Sinochem Hong Kong’s A3 issuer rating and Baa1 subordinated debt rating; outlook stable
Holdings improve their financial profiles on a sustained basis while managing growth prudently, without any material change in Moody's assessment of support from Sinochem Holdings to Sinochem HK.Credi ... ( read original story ...)
PBOC support for HK’s financial hub status solid
China's central bank will continue to support the Hong Kong Special Administration Region's development as an international financial center, mainly through optimizing the financial market connect ... ( read original story ...)
Hong Kong’s IPO ranking set to slip as Nasdaq, New York and Shanghai claim top spots, KPMG reports
IPO proceeds seen shrinking 23 per cent this year to HK$356 billion (US$39 billion), the first decline since 2017, KPMG says Recovery in 2022 should take hold in the third quarter as foreign-traded ... ( read original story ...)
U.S. to put Chinese firm SenseTime on investment blacklist ahead of IPO – FT
The United States will on Friday put Chinese artificial intelligence company SenseTime on an investment blacklist, the same day it prices its Hong Kong initial public offering (IPO), the Financial ... ( read original story ...)
China, Hong Kong Enter Second Phase of Cross-Border Digital Yuan Trials: Report
China and Hong Kong are in the second phase of testing cross-border transactions using central bank digital currencies (CBDCs), Mu Changchun, director of the Digital Currency Institute of the People’s ... ( read original story ...)
PBOC’s Yi: Risks from property firms will not undermine Hong Kong’s capital market
The People’s Bank of China (PBOC) Governor Yi Gang said on Thursday, the risks from a few property firms in the short-term will not undermine Hong Kong’s capital market. “Rights of Evergrande ... ( read original story ...)