Tag: finance

The government’s proposal to regulate cryptocurrency exchanges could leave ATMs as one of the last remaining avenues for retail investing. ( read original story ...)

So-called "cornerstone" investors from outside Asia have accounted for a record 46% of the shares sold in biotech initial public offerings (IPOs) in Hong Kong so far this year, according to data ... ( read original story ...)

In a year battered by pandemic-induced economic slowdowns, the global IPO market will end 2020 with a bang—up more than 23% in value, compared to 2019, according to accounting firm KPMG. That ... ( read original story ...)

Xiaomi Corp. founder Lei Jun can finally rejoice after the Chinese smartphone maker’s market value swelled past the $100 billion mark, a figure his company fell far short of when it listed two years ... ( read original story ...)

Hong Kong shares settled higher on Wednesday, led by gains in tech firms, as investors hoped that policymakers would avoid sudden credit policy tightening in 2021 to support an economic recovery from ... ( read original story ...)

Asian equities were a sea of red due to the global rise in coronavirus cases, which could lead to a rise in lockdowns and thus weigh on the global economy along with the expansion of the US’ ... ( read original story ...)

Notwithstanding the challenges brought by the COVID-19 and the external environment over the past year, Hong Kong's banking system had remained robust, the Linked Exchange Rate System had been ... ( read original story ...)

Kuaishou Technology, a short-video sharing platform backed by Tencent, was last valued at US$30 billion, though the size of the intended IPO has not been revealed. ( read original story ...)

HONG KONG -- The compiler of Hong Kong's main stock index is considering expanding the 51-year-old benchmark to as many as 80 companies amid a deluge of mainland China companies listing in the ... ( read original story ...)

P rovident Acquisition, a blank check company targeting technology businesses in southeast Asia, filed on Tuesday with the SEC to raise up to $200 million in an initial public offering. The Hong Kong, ... ( read original story ...)

The event was part of Dah Sing Bank’s contributions to Operation Santa Claus, a fundraising drive co-hosted by South China Morning Post and RTHK. ( read original story ...)

Hong Kong stocks fell on Tuesday, tracking losses in its regional peers, as investors fear a highly infectious new coronavirus strain detected hit Britain could hurt global economic recovery. ( read original story ...)

Dec.21 -- Wang Yinxiang, chairman and chief executive officer at Jacobio Pharmaceuticals Group Co. Ltd, discusses the company’s IPO on Monday, what they’re planning to do with the funds and his ... ( read original story ...)

A new fundraising frenzy that swept Wall Street this year looks set to take hold in Asia with more than a dozen special purpose acquisition companies, or SPACs, on the hunt for fast-growing technology ... ( read original story ...)