Auto Financier Yixin Launches $900 Million IPO

Yixin Group Ltd., an online car financing company backed by three of China’s top internet companies, is hurtling ahead with a Hong Kong IPO to raise up to nearly $900 million, as enthusiasm on a new generation of financial technology (fintech ... ( read original story ...)

China Literature adds $1.1bn to Tencent’s IPO returns

The response eclipsed the $1.5 billion IPO in September of China's first and largest insurance technology company, ZhongAn Online P&C Insurance, in which Tencent also has a 10% stake. Funding commitments to China Literature totaled 520 billion Hong Kong ... ( read original story ...)

Hong Kong tech fervour defies Western IPO wobbles

Investors have snapped up shares in Razer, a maker of keyboards for gamers, and China Literature, an electronic publisher backed by Tencent. That contrasts with signs of IPO fatigue in New York and London. Limited supply, particularly in tech, has helped ... ( read original story ...)

BRIEF-BOC Hong Kong enters agreement with Bank of China

* Consideration for proposed transfer of Philippines business is 4.4026 billion pesos * ‍Consideration for proposed transfer of Vietnam business is USD152 million Source text for Eikon: Further company coverage: Our Standards:The Thomson Reuters ... ( read original story ...)

China’s Shandong Trust gets Hong Kong IPO approval -IFR

HONG KONG, Nov 3 (Reuters) - Shandong International Trust has won approval from the Hong Kong stock exchange for its proposed $300 million listing - the first initial public offering by a mainland trust in more than two decades, IFR reported on Friday. ( read original story ...)

Hong Kong money market rates jump as c.bank soaks up cash

Nov 3 (Reuters) - Hong Kong's money market rates spiked this week to multi-year highs, reacting afresh to the central bank's efforts in the past few months to soak up excess cash, push rates closer to U.S. yields and put a floor under its currency. ( read original story ...)