Tag: finance

Billionaire Jack Ma’s Ant Group warned that rising U.S.-China trade tensions threaten its business as it gears up for an initial public offering that could give it a valuation as big as Bank of ... ( read original story ...)

The Hong Kong stock market has climbed higher in back-to-back trading days, gathering more than 750 points or 3 percent along the way. The Hang Seng Index now rests just above the 25,550-point plateau ... ( read original story ...)

Ant Group, which is still controlled by Alibaba founder Jack Ma, reported a more than 1,000% jump in profits in the first half of 2020. ( read original story ...)

Ant Group, the financial technology arm of e-commerce giant Alibaba Group, on Tuesday filed for a dual-listing in Hong Kong and Shanghai, in what would likely be the world’s largest initial public sto ... ( read original story ...)

The aggregate balance in Hong Kong's banking systems hit a nearly three-year high with a strong local currency and a continuous capital influx, reassuring investors about the stability of the global ... ( read original story ...)

China bottled water giant Nongfu Spring Co. is seeking to raise as much as HK$8.35 billion ($1.1 billion) in what could be the world’s second biggest initial public offering by a food and beverage ... ( read original story ...)

Chinese drinks maker Nongfu Spring will raise up to $1.08 billion by pricing its shares between HK$19.50 to HK$21.50 ($2.52 to $2.77) in its Hong Kong initial public offering, according to ... ( read original story ...)

The Hong Kong Monetary Authority sold HK$643 million ($83 million) into the market in New York trading hours after the local currency hit the strong end of its trading band, according to data released ... ( read original story ...)

China's banking regulator pledged its backing for Hong Kong as a finance hub and reiterated a commitment to opening up the Chinese financial sector amid a ... ( read original story ...)

When Ant Group goes public later this year, the Chinese financial-technology behemoth will likely earn a stratospheric market valuation that would place it at the top of companies listing globally for ... ( read original story ...)

Hong Kong stocks rose to a one-month closing high on Monday, led by tech firms as investors cheered Beijing’s continued efforts to foster tech strength. ** The Hang Seng index was up 437.74 points, or ... ( read original story ...)

Two Chinese managers have applied to launch exchange traded funds that will track the newly launched Hang Seng Tech Index, according to records from the China Securities Regulatory Commission. China ... ( read original story ...)

China stocks climbed on Monday, led by strong gains for the tech-heavy start-up board ChiNext, as investors cheered Beijing's continued market reforms to help foster its tech strength. HK->Shanghai ... ( read original story ...)

America’s ‘actions to undermine financial stability in Hong Kong are not only against the Chinese people but also against the people of the world’, CBIRC says. ( read original story ...)