Key Takeaways Smithfield Foods unveiled terms Tuesday for its planned initial public offering, with the largest U.S. pork producer expecting shares to price between $23 and $27 each.The midpoint of ...
HSBC cuts ZTO Express stock rating to Hold, slashes target
HSBC analysts issued a downgrade for ZTO Express (NYSE:ZTO) shares, changing their recommendation from Buy to Hold. Accompanying this downgrade, the price target was also reduced from $28.00 to $20.00 ...
Smithfield Foods targets up to $10.7 billion valuation in US IPO
(Reuters) - Smithfield Foods is targeting a valuation of up to $10.73 billion in its U.S. initial public offering, the Farmland bacon maker said on Tuesday. Hong Kong-based WH Group, the world's ...
51job to IPO in Hong Kong in first half of 2025, with over 200 million users
Chinese HR service provider 51job is set to go public in Hong Kong after its privatization in 2022, according to Chinese media outlet Jiemian. The ...
Hang Lung Signs HK$10 Billion Five-Year Syndicated Loan Facilities
Hang Lung Properties Limited (SEHK stock code: 00101) (“the “Company” or “Hang Lung”) announced that it has successfully signed a five-year ...
FS hopes to expedite HK-GCC free trade agreement
Financial Secretary Paul Chan arrived in Davos, Switzerland on Monday for the World Economic Forum (WEF) Annual Meeting where he expressed his ...
Hong Kong’s dollar peg is an important bulwark against volatility
Scrapping it would shake confidence, jeopardise reliability and introduce currency volatility, one of the most significant risks in investment Whenever interest rates climb, so do calls to unpeg the ...
The central bank’s pledge to increase reserve holdings of the Hong Kong dollar shows a commitment to the city’s financial hub status
The central bank’s pledge to increase reserve holdings of the Hong Kong dollar shows a commitment to the city’s financial hub status.
Beijing’s US$3.2 trillion question: how much of China’s forex reserves go to Hong Kong?
The central bank's pledge to increase reserve holdings of the Hong Kong dollar shows a commitment to the city's financial hub status China's central bank chief Pan Gongsheng promised to park more of ...
FWD HK, Bank SinoPac ink deal on bancassurance for HNW market
The partnership aims to enhance wealth growth and legacy planning. FWD Hong Kong entered into a long-term bancassurance partnership with Bank SinoPac, aimed at expanding its presence in high-net-worth ...
Chinese soda maker Dayao plans Hong Kong IPO to raise up to US$500 million
The Inner Mongolia-based maker of carbonated beverages, juices and protein drinks is working with advisers on the size and timing of the deal.
Hong Kong district councillor fined HK$1,000 for property tax form failure
A Hong Kong district councillor expressed regret on Monday after a court fined him HK$1,000 (US$128) over his failure to file a property tax return more than two years ago. Sky Li Tin-chi, 43, pleaded ...
HSBC, Standard Chartered, Bocom can now open mainland China accounts for Hongkongers
HSBC, Standard Chartered Bank, and Bank of Communications (Bocom) on Monday started helping Hongkongers open mainland bank accounts remotely, the latest move in a broader effort to make it easier for ...
Hong Kong chief justice admits difficulty hiring overseas amid tensions
Hong Kong’s top judge said geopolitical tensions are hampering the court’s ability to hire overseas judges, whose presence is a selling point for foreign companies in the Asian finance hub. Read more ...