Five newly launched Chinese funds targeting Ant Group's upcoming mega stock listing raised 60 billion yuan ($8.93 billion) cumulatively from more than 10 million retail investors, selling out within ... ( read original story ...)
China Inc. Set for Biggest U.S. IPO Year Since ‘14 Amid Spat
Chinese companies are choosing to make their market debuts in the U.S., even as Beijing and Washington spar over everything from trade and coronavirus to audit access. ( read original story ...)
Chinese funds targeting Ant IPO draw $9B from millions of retail investors
Five new Chinese funds targeting the giant upcoming IPO of Ant Group (NYSE:BABA) sold out in days and have cumulatively raised 60B yuan - about $8.93B - from more than 10M retail investors. ( read original story ...)
Ant’s IPO Runs Low on Time to Avoid U.S. Election Turbulence
Jack Ma’s Ant Group has a narrow window to make its much-anticipated market debut ahead of U.S. election turbulence. Now its bankers must grapple with any potential delays stemming from a debate in ... ( read original story ...)
Renewed Support Called For Hong Kong Stock Market
The Hong Kong stock market on Thursday snapped the four-day winning streak in which it had jumped almost 1,000 points or 4.1 percent. The Hang Seng Index now rests just beneath the 24,200-point ... ( read original story ...)
Hong Kong subprime lender PrimeCredit is back on sale for at least US$600 million with ZA Bank, Elephant Club among early suitors
The subprime lender is said to be valued at no less than US$600 million, with Hong Kong's first virtual lender, ZA Bank, and local online fund and peer-lending firm Elephant Club among the interested ... ( read original story ...)
Ant Group’s $35 billion IPO unlikely to be hurt by possible U.S. curbs
Ant Group's $35 billion initial public offering (IPO) is unlikely to suffer from any U.S. restrictions on the Chinese financial technology giant due to its very limited overseas presence, potential ... ( read original story ...)
Ant Group’s $35 billion IPO unlikely to be hurt by possible U.S. curbs, analysts say
Ant Group's $35 billion initial public offering (IPO) is unlikely to suffer from any U.S. restrictions on the Chinese financial technology giant due to its very limited overseas presence, potential ... ( read original story ...)
Chinese Fintech Company Lufax Plans U.S. IPO
Lufax is planning an initial public offering in the U.S., even as some other Chinese companies are opting to sell stock closer to home. ( read original story ...)
HKMA sells HK$2.75 bln in NY hours, currency hits strong end of band
The aggregate balance - the key gauge of cash in the banking system - will increase by HK$3.914 billion including HK$1.163 billion sold in Hong Kong trading hours, to HK$273.483 billion on Oct. 9 ... ( read original story ...)
Breakingviews – Deliveroo’s IPO is a dish best served soon
Hot meals aid digestion. Will Shu should take note. The Deliveroo boss is looking to list the UK-based food delivery company in the public market next year, and can credibly expect to hike the $2 ... ( read original story ...)
China Is Launching the Largest IPO in History. Here’s Why It’s a Problem | Opinion
Ant Group is most notably a provider of financial technology that is known for its Alipay platform and is partially owned by Alibaba, the " Amazon of China ." The IPO is expected to launch in October ... ( read original story ...)
Next big thing for Hong Kong’s virtual banks: wealth management
The next big thing for Hong Kong’s virtual banks is an expansion into wealth management as part of the “next phase” of their development, according to a group of top executives from the city’s newest ... ( read original story ...)
HK stocks rise ahead of Ant Group IPO, defy U.S. stimulus gloom
Hong Kong shares edged higher on Wednesday, shrugging off a weaker finish in Wall Street after U.S. President Donald Trump halted stimulus negotiations with lawmakers, with investors focusing on the ... ( read original story ...)