The $800 million offering values the company at $7 billion. That implies a forward price-to-sales multiple of three times similar to a basket of peers including Nio and Xpeng and assumes it continues ... ( read original story ...)
Hong Kong’s officials are confident that talent will come back and stay with city’s ‘0+3’ quarantine easing
The HKMA is going on a charm offensive, inviting top executives from dozens of the world’s largest banks, funds and asset managers to Hong Kong in early November to assure them that the city is back ... ( read original story ...)
Leapmotor’s modest IPO obviates big leap of faith
Leapmotor is cruising in gloomy markets. The Chinese electric-vehicle maker priced shares of its initial public offering, the largest in Hong Kong this year, at the bottom end of a previously ... ( read original story ...)
Bank of China warns public of fraud website
The fake website has been reported to the regulator and the Hong Kong police. The Bank of China (Hong Kong) Limited is warning the general public to be wary of a fraudulent websites. According to the ... ( read original story ...)
China yuan: what can the central bank do to prevent the currency weakening against the US dollar?
China may cut banks’ forex reserve requirements again and could even restore the so-called counter cyclical factor to prevent a rapid depreciation in the currency, experts say. ( read original story ...)
Hong Kong court issues order allowing police to seize HK$70 million raised by group for anti-government protesters
According to police investigation, some of the money was used for purposes other than those claimed by its organiser Hong Kong’s High Court has issued a confiscation order allowing police to seize ... ( read original story ...)
Hong Kong Monetary Authority Posts Information on “Pilot Scheme on Training Subsidy for Fintech Practitioners”
The Hong Kong Monetary Authority (HKMA) has posted details of its "Pilot Scheme on Training Subsidy for Fintech Practitioners." ... ( read original story ...)
Leapmotor raises $800 Million in Hong Kong IPO
Leapmotor priced the offering at HK$48 per share, the bottom of its marketed range, said the people, who asked not to be identified as the information is private. The company marketed 131 million ... ( read original story ...)
Travel Plays Fly On Hong Kong & Macau Reopening, PBOC Pumps Brakes On CNY Depreciation
Asian equities were off with an emphasis on growth stocks except for Hong Kong, as internet stocks outperformed. ( read original story ...)
HSBC slides, Hong Kong stocks extend sell-off from 11-year low as policy hawks fuel recession concerns
Stocks slide further to 2011-low after entering bear-market zone last week as HSBC slumps amid recession fears Hong Kong scraps mandatory quarantine rules from today as the financial industry calls ... ( read original story ...)
Hong Kong IPOs suffer from business downturn, China tension
September, the total IPO deal value in Hong Kong stood at only US$7.77 billion, the lowest since 2013. That volume is expected to be boosted by Thursday’s IPO from Leapmotor, which is likely to be the ... ( read original story ...)
Hong Kong stocks waver at 11-year low amid recession concerns as full border reopening awaited
Stocks hold at 2011-low after slipping into bear-market zone last week as Alibaba, Xpeng and WuXi Biologics pace winners while HSBC slumps Hong Kong scraps mandatory quarantine rules from today as the ... ( read original story ...)
China’s Leapmotor Said to Raise $800 Million in Hong Kong IPO
Chinese electric-vehicle maker Zhejiang Leapmotor Technology Co. raised about HK$6.3 billion ($800 million) in its Hong Kong initial public offering, according to people familiar with the matter.Most ... ( read original story ...)
Chinese EV Maker Leapmotor Raises $800 Million in Hong Kong IPO
Chinese electric-vehicle maker Zhejiang Leapmotor Technology Co. raised about HK$6.3 billion ($800 million) in its Hong Kong initial public offering, according to people familiar with the matter.Most ... ( read original story ...)