Hong Kong also will provide March data for retail sales ... a trusted provider of content for a wide array of subjects across several platforms. RTT's Financial Newswire is relied upon by some of the ... ( read original story ...)
HSBC Split Is a Surefire Way to Destroy Value
The illuminated HSBC Holdings Plc headquarters, center, at night in Hong Kong, China, on Friday, Feb. 18, 2022. HSBC is scheduled to release earnings results on Feb. 22. (Photographer: ... ( read original story ...)
De Well Files for Hong Kong IPO, Flush With New Ties to Cainiao
When it comes to logistics, China-focused investors already have plenty to choose from in a crowded field filled with names like S.F. Holding (002352.SZ), ZTO (NYSE: ZTO) and JD Logistics (2618.HK). ( read original story ...)
Huafang Hopes ‘Internet Bad Boy’ Backing Will Bring Investors Streaming to Its IPO
Now the second-tier player is seeking stardom in the capital market by applying for a Hong Kong IPO to fund an accelerated expansion. This isn’t Huafang’s first ride on the Hong Kong IPO ... ( read original story ...)
Hong Kong legislature passes HK$700 billion budget, with one abstention over cut to social welfare spending
Hong Kong’s “all-patriots” legislature has approved the government ... to fund its services from April 1 this year and March 21, 2023. Speaking at LegCo, Financial Secretary Paul Chan said the current ... ( read original story ...)
Chinese ride-hailing giant Didi says U.S. regulator is investigating its $4 billion IPO
In December, Didi said it would make plans to delist from the New York Stock Exchange and prepare for a listing in Hong Kong. Didi shares fell more than 5% in premarket trade on Wednesday. The company ... ( read original story ...)
Didi Global, China ride-hailing giant, reveals it faces an SEC probe about its NYSE IPO, on top of Beijing’s scrutiny and looming delisting
The Post reported earlier that Didi Global's search for an alternative stock-market home following its proposed exit from the NYSE has hit a snag, as its plan for an IPO in Hong Kong is on hold ... ( read original story ...)
Exclusive-HSBC and Ping An executives plan to discuss breakup proposal – source
HSBC's Hong Kong-listed shares rose 1.9% on Wednesday, building on Tuesday's gains of 2.6%, outpeforming again as markets warmed up to the idea of a break-up. HSBC shareholders have grappled with the ... ( read original story ...)
Hong Kong stocks fall as tech shares drag ahead of Fed rate decision
HONG KONG, May 4 (Reuters ... and the Hang Seng Tech Index dropped 3.1%, while the financial sector edged up 0.02% and the property sector climbed 0.33% ** The top gainer on the Hang Seng ... ( read original story ...)
Leading HSBC shareholder calls for bank’s break-up
In 2016, after a 10-month review, the bank rejected the option to re-focus its business to the main profit-generating hub of Hong Kong and decided to keep its headquarters in London. The bank is ... ( read original story ...)
SEC probes Didi Global over IPO
Its IPO was the largest China ADS listing in the US since Alibaba ... and in December last year said that it would delist from the NYSE, and potentially float in Hong Kong. The firm’s shareholders are ... ( read original story ...)
Share Market LIVE: Sensex, Nifty trade flat lower volatility; LIC IPO to open today
Hong Kong’s Hang Seng index shed 0.68% as shares of Tencent and ... MSCI’s broadest index of Asia-Pacific shares outside Japan traded little changed. 8:30 am: LIC IPO to open today The much-awaited ... ( read original story ...)
US securities regulator probes Didi Global’s $4.4 billion IPO
The IPO came under scrutiny by Chinese authorities last summer ... Depositary Shares from the New York Stock Exchange (NYSE) and pursue a listing in Hong Kong. Didi shareholders will vote on May 23 on ... ( read original story ...)
Low mobility was a key reason for the larger-than-expected fall in Hong Kong’s GDP, says economist
Alicia Garcia-Herrero of Natixis says Hong Kong's mobility restrictions have affected the ... a real-time snapshot *Data is delayed at least 15 minutes. Global Business and Financial News, Stock ... ( read original story ...)