Tag: banking

The Hong Kong stock market turned emphatically lower again on Monday, one session after ending the four-day losing streak in which it had plummeted more than 1,530 points or 6 percent. The Hang Seng ... ( read original story ...)

The long-awaited expansion of a bond connect program to allow China’s mainland investors to trade offshore bonds in Hong Kong will bring as much as 300 billion yuan ($46 billion) to the Asian ... ( read original story ...)

Hong Kong could have a hard time attracting blank check companies after it proposed a high threshold to sell shares in the city. In a consultation paper issued Friday, Hong Kong Exchanges & Clearing ... ( read original story ...)

Broncus Holding Corp has raised HK$1.67bn ($214.6m) after pricing its IPO at the top of the marketed range, according to a source familiar with the matter. The company is floating 89.35m shares on ... ( read original story ...)

China’s Evergrande crisis rattles through markets, as UK insurance giant Prudential eyes a listing in Hong Kong UK energy stocks may be running out of gas. Shares in the country’s largest energy ... ( read original story ...)

At closing bell, the benchmark Hang Seng Index stumbled 3.3%, or 821.62 points, to 24,099.14. The Hang Seng China Enterprises Index retreated 3.38%, or 301.92 points, to 8,638.55. ( read original story ...)

Is Evergrande going to default? Several years ago, three highly indebted Chinese companies teetered on collapse (HNA, Anbang, Fosun). The collapse of those companies could have led to a domino effect ... ( read original story ...)

Broncus Holding Corp has raised HK$1.67bn ($214.6m) after pricing its IPO at the top of the marketed range, according to a source familiar with the matter. The company is floating 89.35m shares on ... ( read original story ...)

King & Wood Mallesons has added a new partner to its Hong Kong Office, in its most recent addition from an international rival. Corey Zhang joins the firm from Clifford Chance, where he was a ... ( read original story ...)

Hong Kong's graft busters scored a victory in their attempt to prosecute one of the city's biggest financial fraud cases in recent decades, when a court declared three former executives of Convoy ... ( read original story ...)

Investors are clearly worried that Beijing’s recent “common prosperity” call could soon be heard in the freewheeling financial center, too. ( read original story ...)

Hong Kong’s benchmark stock index plunged 3.3% to close at a near one-year low of 24,099.14 as contagion spread from the collapse of shares at real estate developer China Evergrande Group into the ... ( read original story ...)

The HKEX published a consultation paper seeking feedback on a draft framework regulating Spacs, also known as blank cheque firms. These are shell companies that raise funds via an IPO for the sole ... ( read original story ...)

Carousell said last week it raised $100 million in fresh funds that valued the company at more than a billion dollars. ( read original story ...)