Tag: finance

Hong Kong’s exchange backed off from a proposal to double or even triple the annual profit requirement for companies seeking to sell shares on its main board following opposition from banks.The ... ( read original story ...)

JD Logistics wrapped up its jumbo Hong Kong IPO on Thursday after a strong turnout from institutional investors, attracted to the company’s fair valuation and its parent’s credentials. The ... ( read original story ...)

ByteDance Ltd. founder Zhang Yiming will cede the reins of TikTok’s owner to an old college roommate and lieutenant, stepping back from running the world’s most valuable startup ahead of its highly ... ( read original story ...)

Chong Hing’s majority owner is offering to buy the rest at a $2.6 bln valuation, or 0.9 times book. That’s less than half the multiple the Guangzhou-backed fund paid in 2013. Greater Bay Area ... ( read original story ...)

In a shifting investment landscape with few certainties, there is one thing international investors can agree on. The direction of the next 10 years, and perhaps this century, will be driven by ... ( read original story ...)

Republican Senator Pat Toomey and Democrat Chris Van Hollen say they are following with up the Treasury Department as to why no banks were named in a report it issued Tuesday on interactions with ... ( read original story ...)

Ahead of Wednesday's National Day holiday, the Hong Kong stock market has climbed higher in three straight sessions, advancing almost 880 points or 3.1 percent along the way. The Hang Seng Index now ... ( read original story ...)

Fitch Ratings has affirmed CSSC (Hong Kong) Shipping Company Limited's (CSSC HK Shipping) Long-Term Issuer Default Rating (IDR) and the rating on the senior unsecured note issued by CSSC Capital 2015 ... ( read original story ...)

On Friday, the Hong Kong Security Bureau froze all of Jimmy Lai Chee-ying's shares in his Next Digital media company and other bank assets under the national security law for Hong Kong, which came to ... ( read original story ...)

Huitongda Network Co., a Chinese e-commerce platform serving the country’s rural areas, is weighing a Hong Kong initial public offering that could raise as much as $1 billion, according to people ... ( read original story ...)

The medical devices arm of software company Neusoft Corp. is working with advisers on a potential share sale that could raise $400 million to $500 million, said the people, who as ... ( read original story ...)

China Youran Dairy Group started briefing investors on Tuesday as it looks to raise up to $800 million in its Hong Kong initial public offering (IPO), according to two sources with direct knowledge of ... ( read original story ...)

Hong Kong authorities said on Friday they had frozen assets belonging to the jailed media tycoon under a new security law. ( read original story ...)

City’s former leader has government on the defensive over housing shortages and national security law, meaning even if he isn’t preparing a bid for the top job next year, Carrie Lam’s administration ... ( read original story ...)