A theory that China’s latest joint venture with the SWIFT financial messaging service is a defensive move against the United States has been refuted by a former Chinese bank executive, who insists the ... ( read original story ...)
From Fixing to Signaling, How China Manages the Yuan
Monitoring how the People’s Bank of China handles its “managed float” system for the foreign-exchange market isn’t easy: The central bank has various tools at its disposal, some public, some hidden. ( read original story ...)
Bilibili debuts in Hong Kong at a discount, second IPO to fizzle in a week, as CEO blames ‘black swan’ slump in US-listed Chinese stocks
Chairman and chief executive officer Chen Rui, who controls 43.7 per cent of voting power, cited a US law to compel foreign companies to grant access to their financial audits as "black swan" event, ... ( read original story ...)
Bilibili slides below IPO price in Hong Kong as regulatory risks, US stock dumping hurt market debut
The stock falls to as low as HK$753 or a 6.8 per cent discount below its IPO price of HK$808 on its Hong Kong market debut. Its Nasdaq listed shares slumped 11 per cent last week to US$97.08. ( read original story ...)
Hang Seng Ping An Asian Income Fund Offers Investors Chance to Capture Long-term Growth in Asian Market
The Hang Seng Ping An Asian Income Fund# (the ‘Fund’) opened for public sale today. It provides investors with an opportunity to capture income and growth potentials in Asian markets amid current ... ( read original story ...)
Worst Yuan Selloff in Year Drives Traders Back to Daily Fix
China’s daily yuan fixing is once again drawing attention. The currency is set for its biggest monthly slide since last March, spurring traders to look closely at the reference rate again to scour for ... ( read original story ...)
Breakingviews – Capital Calls – China’s banking giants are too big, too frail
HONG KONG (Reuters Breakingviews ... A trio of state-owned lending giants including the $296 billion Industrial and Commercial Bank of China each reported a surge in fourth-quarter net profit of over ... ( read original story ...)
China Evergrande to raise $2 billion in pre-IPO for property, car marketplace unit
China Evergrande Group on Monday said it will sell 10% of its online real estate and automobile marketplace, Fangchebao (FCB), to 17 investors for HK$16.35 billion ($2.10 billion), in a fundraising ... ( read original story ...)
Evergrande Sells Online Unit Stake for $2.1 Billion Ahead of IPO
China Evergrande Group raised HK$16.4 billion ($2.1 billion) selling a stake in its online home and car sales platform ahead of a planned listing in the U.S. ( read original story ...)
Chinese streaming site Bilibili sinks 6% on Hong Kong debut
A Hong Kong debut by Chinese search engine Baidu last week raised $3.1 billion through its IPO but its shares finished flat on the opening day and have since sunk some 15 percent. US-China tensions ... ( read original story ...)
Linklogis Plans IPO, Aims At $1.1 Billion For SCF Tech
Linklogis, a Chinese FinTech with backing from Tencent, is looking to raise 8.3 billion Hong Kong dollars ($1.1 billion) from an initial public offering (IPO) in Hong Kong, Bloomberg reported. ( read original story ...)
Quinlan & Associates Say there’s Scope for Only a Few Digital Banking Fintechs in Hong Kong to Thrive in Competitive Environment
Quinlan & Associates say there's scope for only a few digital banking Fintechs in Hong Kong to thrive in competitive environment. ( read original story ...)
Supporters of Hong Kong’s higher stamp duty tout benefits even as rising transaction costs make trading one of the most expensive in the world
Higher stamp duty will bring in additional revenue and help to drive away speculative activities by high-frequency traders, but it also possible turnover could fall sharply. ( read original story ...)
‘Insult to the Country’: Hong Kong Targets Art Deemed Critical of China
Pro-Beijing lawmakers have called for work by the dissident artist Ai Weiwei to be removed from a new museum, and accused local arts groups of undermining national security. ( read original story ...)