Bridgetown Holdings, a blank check company formed by Pacific Century and Thiel Capital targeting "new economy" sectors in Southeast Asia, raised the proposed deal size for its upcoming IPO on ... ( read original story ...)
An Unpopular IPO Rule Hands Chinese Banks Big Windfalls
When China rolled out its own Nasdaq-style listings venue, regulators forced investment banks to buy stocks in the companies they took public. That unusual requirement is now paying off big time. ( read original story ...)
Hong Kong forex intervention hits highest since 2009 financial crisis
Hong Kong's central bank has sold more of its local currency so far this year than it did in any full year since the global financial crisis, in a bid to stop the unit strengthening and breaking its ... ( read original story ...)
Breakingviews – Ant’s IPO delay flags a recurring headache
Technology firms, particularly finance-focused ones in China, are used to operating at the cutting edge of regulation. But overconfidence is always a risk, as Chinese fintech champion Ant ... ( read original story ...)
The World’s Largest Potential IPO Is Under Threat
Billionaire Jack Ma’s Ant Group is said to be seeking a valuation of about $250 billion as it plans a dual listing in Hong Kong and Shanghai, which could raise at least $35 billion. The ... ( read original story ...)
Hong Kong’s FX intervention highest since 2009
Hong Kong's central bank has sold more of its local currency so far this year than it did in any full year since the global financial crisis, in a bid to stop the unit strengthening and breaking its ... ( read original story ...)
Hong Kong’s FX intervention hits post financial crisis milestone
The Hong Kong Monetary Authority sold HK$10.9 billion ($1.41 billion) on Tuesday in interventions in Hong Kong and U.S. trading hours. That brings its total so far this year to HK$230.6 billion, ... ( read original story ...)
UPDATE 3-Hong Kong’s FX intervention highest since 2009 crisis
Hong Kong's central bank has sold more of its local currency so far this year than it did in any full year since the global financial crisis, in a bid to stop the unit strengthening and breaking its ... ( read original story ...)
Greater Bay Area: Hong Kong’s stricken tourism industry cannot wait for mainland visitors to return, but will they come back?
As Hong Kong tries to reboot its economy amid the coronavirus pandemic, can the Greater Bay Area provide opportunities that are ripe for the taking? In the final of a three-part series ahead of the ... ( read original story ...)
HKMA sells HK$4.6bln into market as currency hits strong end of trading band
The Hong Kong Monetary Authority sold HK$4.6 billion ($593.55 million) into the market in New York trading hours on Tuesday after the local currency hit the strong end of its trading band, according ... ( read original story ...)
HSBC rolls out digital investment account opening
Launch comes at a time when Hong Kong banks are ramping their digital mutual fund distribution channels #hongkong #hsbc #investment ... ( read original story ...)
Do China’s new plans for Shenzhen mean a Greater Bay Area back seat for Hong Kong?
While some analysts fear Hong Kong could be marginalised by new emphasis on neighbour, others believe the two can complement each other. ( read original story ...)
Exclusive: Chinese regulatory probe delays approval for Ant’s IPO, sources say
China's securities regulator is probing a potential conflict of interest in fintech giant Ant Group's planned $35 billion stock listing, delaying approval for what could be the world's largest IPO, ... ( read original story ...)
China’s Crackdown on Hong Kong Could Help Japan Become Finance Hub
China’s crackdown on Hong Kong and new limits on overseas workers in Singapore could help Japan raise its profile as a global financial hub, despite its higher taxes, according to Japan’s new vice ... ( read original story ...)