Hong Kong stocks approached a one-year low amid concerns about a wider fallout from China Evergrande Group’s debt crisis while tech stocks struggled. Local developers and Macau casino operators ... ( read original story ...)
DJ HK Bourse: Results Announcement From Suncorp Technologies
For the six months ended 30 June 2021 UNAUDITED INTERIM RESULTS The board of directors (the "Board" or "Directors") of SunCorp Technologies Limited (the "Company") presents the unaudited condensed ... ( read original story ...)
Hong Kong Stocks Mixed; Evergrande Falls, Casinos Rebound, EV Makers Slide
Police officers look at people gathering at the Evergrande headquarters in Shenzhen on September 16, ... [+] 2021, as the Chinese property giant said it is facing "unprecedented difficulties." (Photo ... ( read original story ...)
Hong Kong Stock Market Expected To Open Under Pressure Again
The Hong Kong stock market turned emphatically lower again on Monday, one session after ending the four-day losing streak in which it had plummeted more than 1,530 points or 6 percent. The Hang Seng ... ( read original story ...)
Southbound Bond Connect May Funnel $46 Billion a Year to Hong Kong
The long-awaited expansion of a bond connect program to allow China’s mainland investors to trade offshore bonds in Hong Kong will bring as much as 300 billion yuan ($46 billion) to the Asian ... ( read original story ...)
Hong Kong May Struggle to Lure SPACs With Strict Rulebook
Hong Kong could have a hard time attracting blank check companies after it proposed a high threshold to sell shares in the city. In a consultation paper issued Friday, Hong Kong Exchanges & Clearing ... ( read original story ...)
Broncus takes $215m from Hong Kong IPO
Broncus Holding Corp has raised HK$1.67bn ($214.6m) after pricing its IPO at the top of the marketed range, according to a source familiar with the matter. The company is floating 89.35m shares on ... ( read original story ...)
Markets Today: Gas price crisis hits energy giants, China construction crisis hits miners, Prudential plans Hong Kong IPO
China’s Evergrande crisis rattles through markets, as UK insurance giant Prudential eyes a listing in Hong Kong UK energy stocks may be running out of gas. Shares in the country’s largest energy ... ( read original story ...)
Hong Kong Market stumbles 3.3%
At closing bell, the benchmark Hang Seng Index stumbled 3.3%, or 821.62 points, to 24,099.14. The Hang Seng China Enterprises Index retreated 3.38%, or 301.92 points, to 8,638.55. ( read original story ...)
Evergrande Wind Down Crushes Hong Kong Real Estate & Financials
Is Evergrande going to default? Several years ago, three highly indebted Chinese companies teetered on collapse (HNA, Anbang, Fosun). The collapse of those companies could have led to a domino effect ... ( read original story ...)
Broncus gulps $215m from Hong Kong IPO
Broncus Holding Corp has raised HK$1.67bn ($214.6m) after pricing its IPO at the top of the marketed range, according to a source familiar with the matter. The company is floating 89.35m shares on ... ( read original story ...)
KWM Hits Clifford Chance’s Hong Kong Capital Markets Team Again For Hire
King & Wood Mallesons has added a new partner to its Hong Kong Office, in its most recent addition from an international rival. Corey Zhang joins the firm from Clifford Chance, where he was a ... ( read original story ...)
Hong Kong court finds a broker and three former executives guilty of fraud, in a win for ICAC’s clean-up of Convoy’s financial scandal
Hong Kong's graft busters scored a victory in their attempt to prosecute one of the city's biggest financial fraud cases in recent decades, when a court declared three former executives of Convoy ... ( read original story ...)
Hong Kong Tycoons Won’t Escape Chinese Populism
Investors are clearly worried that Beijing’s recent “common prosperity” call could soon be heard in the freewheeling financial center, too. ( read original story ...)