Hong Kong Exchanges & Clearing reported record profit and revenue for the third quarter as trading and listing activity in the Asian financial hub gathered momentum.
Hong Kong Exchange profit soars 56% on strong volumes, IPO boom
The strong earnings were fueled chiefly by a 150% jump in average daily turnover in equities traded on the Hong Kong Exchange, to HK$267.9 billion. Strong trading volumes came amid a technology-fueled ...
Chinese EV maker Seres taps Hong Kong IPO after 1,600% mainland rally
Chinese electric vehicle company Seres will begin trading in Hong Kong on Wednesday, following a massive public share sale that raised HK$14.3 billion, or $1.8 billion, according to Bloomberg. The ...
Chinese EV maker Seres’ shares slump 3.7% on Hong Kong debut
Seres Group’s shares fell on their debut in Hong Kong on Wednesday, as the electric-vehicle maker joined a dozen other mainland Chinese carmakers including BYD, Nio and Xpeng to raise funds in the ...
Hang Seng Indexes Company and Cyberport Partner to Drive Gen-AI Adoption in Index Calculation
Hang Seng Indexes Company and Cyberport are delighted to announce the successful adoption of the first Generative AI ('Gen-AI') use case from the Index Innovation Lab, a joint initiative established ...
Hong Kong’s Financial Secretary expresses confidence in economic recovery
Paul Chan, Hong Kong's Secretary of Finance says the city on track to hit its growth targets this year as he expressed confidence about a recovery. Speaking to Emily Tan at the HKMA Global Financial ...
WeRide targets $308M Hong Kong IPO amid competition
WeRide plans to raise $308 million in a Hong Kong IPO, which will boost its international expansion and technology development.
China VP hopes Hong Kong can strengthen financial links with mainland
Chinese Vice Premier He Lifeng said on Tuesday he hopes Hong Kong will strengthen co-operation with mainland China's economic and financial sectors which would allow the city to enhance its status as ...
Hong Kong’s women leaders drive finance talent and economic growth: Paul Chan
Nearly 60 per cent of business students are women – and they are the future fintech innovators and next-gen CEOs, financial secretary says.
Brazil, Hong Kong test cross-border blockchain trade system via Chainlink
Brazilian digital bank Banco Inter has completed a blockchain-based international trade finance pilot with Chainlink, the Central Bank of Brazil and the Hong Kong Monetary Authority (HKMA), showcasing ...
EV maker Seres raised approximately $1.8 billion in its Hong Kong IPO
Chongqing-based Seres Group Co. raised approximately $1.8 billion (~ HKD 14.3 billion) in its Hong Kong initial public offering (IPO), representing an expansion of at least 8.4%.
Seres Group raises $1.8bn from Hong Kong IPO
Chinese electric-vehicle (EV) maker Seres Group has raised HK$14.3bn ($1.8bn) through a Hong Kong listing, reported Bloomberg.
‘I’ve never seen anything like it’ – what’s driving Hong Kong’s IPO boom?
In my 31 years of practice, I’ve never seen a pipeline this active,’ says Slaughter and May partner John Moore, on the boom in activity in Hong Kong’s capital markets. As a veteran of the Hong Kong ...
Hong Kong to ease digital asset rules, launch tokenisation pilot scheme
Hong Kong will ease rules and introduce a tokenisation pilot scheme to promote digital asset trading and investment, government officials said on Monday, as the city seeks to establish itself as a ...