The rating system comes as China clamps down on its rapidly growing consumer finance sector, citing systematic risk and customer complaints. ( read original story ...)
State Street-managed Hong Kong fund to resume investment in banned shares
TraHK, which is popular with Hong Kong retail investors and pension funds, was set up in 1998 by the Hong Kong government to dispose of shares it had bought in market interventions during the Asian ... ( read original story ...)
State Street managed Hong Kong fund to resume investment in shares banned to Americans
Hong Kong's largest tracker fund, managed by a State Street unit, will resume investing in stocks from which Americans are banned, it said in a statement on Wednesday, the latest global U-turn linked ... ( read original story ...)
Hong Kong ranks as 2nd largest IPO market in 2020
Hong Kong Exchanges and Clearing Limited (HKEX) has unveiled in its annual market statistics report that IPO equity funds raised in 2020 stood at 51.28 billion U.S. dollars, up 26.5 percent year on ... ( read original story ...)
China’s Megvii kick-starts IPO on Shanghai’s Star Market after Trump added facial recognition giant to entity list
Facial-recognition developer Megvii abandoned its original Hong Kong IPO plan after the Trump administration placed it on a trade blacklist; it is now looking to list on Shanghai’s Star Market. ( read original story ...)
Biotech IPO Surge a Shot in the Arm for Hong Kong
As Hong Kong’s capital markets continue to have a strong year, one trend has been clear: The growing number of listings by Chinese biotech and biopharma companies. The past few weeks have seen a ... ( read original story ...)
Chinese facial recognition unicorn Megvii prepares China IPO
Megvii, one of China’s largest facial recognition startups, is gearing up for an initial public offering in Shanghai. The company is working with CITIC Securities to prepare for its planned listing, ... ( read original story ...)
Hong Kong shares end flat as investors pause after recent rallies
HK daily quota used 14.8% * HSI -0.2%, HSCE -0.4%, CSI300 -0.3% * FTSE China A50 -0.6% BEIJING/SHANGHAI, Jan 13 (Reuters) - Hong Kong shares ended lower on Wednesday, with consumer shares ... ( read original story ...)
Hong Kong Shares Have A Green Light For Wednesday’s Trade
The Hong Kong stock market has finished higher in three straight sessions, collecting almost 730 points or 2.6 percent along the way. The Hang Seng Index now rests just above the 28,275-point plateau ... ( read original story ...)
HSBC Grooms Top Bankers for Make-or-Break Push Into China
As HSBC Holdings Plc pins its future on China, Europe’s largest bank is grooming a set of well-connected bankers to navigate its fraught relationship with Beijing in the long run. ( read original story ...)
Hong Kong Debut Nets Liu Qiangdong’s JD Health IPO a 56 Percent Increase
JD.com, an e-commerce powerhouse based in China, saw shares of its health care subsidiary, JD Health International, trend significantly upward by 56 percent This surge marked the largest debut by an ... ( read original story ...)
E-Star Commercial gets nod for Hong Kong IPO
Star Commercial Management has submitted an updated prospectus to Hong Kong’s bourse after winning approval to list. ( read original story ...)
HKMA has power to change Tracker Fund manager to get round US sanctions, Hong Kong leaders say
Calls for a new manager of the Hong Kong index fund came after incumbent State Street Global said it must fall in line with US sanctions on certain Chinese firms, potentially harming small investors. ( read original story ...)
Diverse NASDAQ IPO Week Ahead
This week's schedule contains eight IPOs. Moreover, this week is featuring the year's first billion-dollar offering from mobile game developer Playtika Holdings Corp ... ( read original story ...)