The Hong Kong stock market on Tuesday halted the four-day losing streak in which it had declined more than 550 points or 2.2 percent. The Hang Seng Index now rests just above the 24,620-point plateau ... ( read original story ...)
Hong Kong, China stocks boosted by Nongfu Spring debut, rise amid Trump threat to scale back economic ties, tech stocks correction
Hong Kong and China stocks gained on Tuesday, after Chinese water bottler Nongfu Spring’s stellar trading debut offset a correction in technology stocks as well as a threat by US President Donald ... ( read original story ...)
Hong Kong stocks rise as financials, telecoms gain
Hong Kong stocks recouped earlier losses to close higher on Tuesday, helped by gains in financial and telecoms firms. ** At the close of trade, the Hang Seng index was up 0.14% at 24,624.34 after ... ( read original story ...)
Nongfu Spring’s huge IPO is part of a ‘tale of two Hong Kongs’: Analyst
Fraser Howie, an independent analyst, tells CNBC that Hong Kong has a "very successful" stock exchange and China-related finance sector, but is also a city "torn apart" by political unrest, where many ... ( read original story ...)
There’s a ‘huge amount of money’ returning to China in the IPO space, investor says
As tensions mount between Washington and Beijing ahead of the U.S. presidential elections in November, Stonehorn Global Partners' Sam Le Cornu sees more Chinese firms returning home. ( read original story ...)
Shares of Chinese bottled water giant Nongfu Spring soar in Hong Kong debut
The stock opened at 39.80 Hong Kong dollars per share ($5.14), more than 85% higher than its initial public offering price of 21.50 Hong Kong dollars ($2.77). ( read original story ...)
Chinese Bottled-Water Giant Taps Hong Kong IPO Market
Shares in China’s Nongfu Spring surged ahead of its Hong Kong debut, after investors thirsty for new stock sales placed nearly $150 billion of orders for a $1.1 billion deal. ( read original story ...)
Artificial intelligence keeps HSBC ATMs stocked with cash
HSBC is using artificial intelligence technology (AI) developed in-house to help it make sure ATMs are appropriately stocked with cash. ( read original story ...)
Chinese water bottler Nongfu Spring soaks up more than a third of Hong Kong’s daily cash in a record-breaking stock sale
Nongfu Spring, which makes 60 per cent in profit for every bottle of water it sells, has become the hottest initial public offering (IPO) in Hong Kong's financial history, locking up so much money ... ( read original story ...)
Cigna Study Shows Hong Kong’s Overall Well-being Index has slightly dropped during the COVID-19 Pandemic
Cigna Hong Kong today released the Hong Kong findings of the latest edition of its Cigna COVID-19 Global Impact Study. Part of Cigna's annual 360 Well-Being Survey, this research is the second in a ne ... ( read original story ...)
Caught in US-China crossfire, should HSBC split its global businesses?
Breaking up is hard to do, but for ‘the world’s local bank’ stuck in the middle of the US-China crossfire, it may be the only way to win investors back, writes Neil Newman. ( read original story ...)
Goldman Sachs joins syndicate for Ant IPO of up to $30 bln -sources
Goldman Sachs has joined the growing list of investment banks working on Chinese financial technology firm Ant Group's mammoth initial public offering of up to $30 billion, two people with direct ... ( read original story ...)
Hong Kong tycoon moving out of China
Li Ka-shing is selling two properties in Beijing and Shanghai worth $10 billion in the latest sign he is pulling out of mainland China, where ties to power appeared to have weakened under President Xi ... ( read original story ...)
Goldman Sachs joins syndicate for Ant IPO of up to $30 billion: Sources
Goldman Sachs has joined the growing list of investment banks working on Chinese financial technology firm Ant Group's huge initial public offering, two sources said. ( read original story ...)