The frenzy over a toymaker’s Hong Kong initial public offering has created a new billionaire. Zhu Weisong, founder and chairman of Bloks Group Ltd., was catapulted into the ultra-rich ranks after the ...
Ultraman Toymaker Bloks Jumps 82% in HK After Frenzy Over IPO
Shares of Bloks Group Ltd., the popular Chinese maker of Ultraman and Transformers figurines, surged 82% in their Hong Kong trading debut after the company’s $215 million initial public offering drew ...
Millennium Hedge Fund Spinoff Modular Expands to Hong Kong
Millennium Management spinoff Modular Asset Management plans to expand to Hong Kong, the latest hedge fund arrival as the city tries to defend its status as a global financial hub.
Transformers toymaker Bloks to debut in Hong Kong after IPO frenzy
HONG KONG – Shares of Bloks Group, the popular Chinese maker of Ultraman and Transformers figurines, will begin trading in Hong Kong on Jan 10 after its US$215 million initial public offering drew ...
Hong Kong’s Paul Chan meets Asean chief to promote city’s links with bloc
Survey of 600 Greater Bay Area businesses highlights bloc as top overseas destination among firms seeking to diversify supply chains.
‘Think Business, Think Hong Kong’ Opened Doors to More Fruitful, Sustainable Hong Kong-Indonesia Partnership
Some 2,000 participants explored Hong Kong's advantages and strengths - 1,500+ participants attended the full-day symposium to explore the latest business opportunities across sectors and Hong Kong's ...
Developer Sunac China gets liquidation petition, Hong Kong judiciary website shows
A liquidation petition has been filed against indebted property developer Sunac China , the Hong Kong judiciary's website showed late on Thursday.
Hong Kong Chinese stocks set to soar 21% in 2025, says HSBC
HSBC predicts a 21% rise in Hong Kong-listed Chinese stocks by 2025, driven by favourable policy shifts in mainland China.
Hong Kong’s US-dollar peg gets emphatic defence from HKMA CEO
"While risk management is important, let's not be swayed by unfounded concerns," Eddie Yue Wai-man said in an article posted on the authority's website on Thursday. "And let me reiterate, we have no ...
Hong Kong sees no need to change US dollar-pegged currency system
Hong Kong has no intention and sees no need to change the system that pegs the city's currency in a tight band to the U.S. dollar and has the ability to defend it, the chief executive of Hong Kong's ...
Hong Kong Monetary Authority (HKMA) launches supervisory incubator to assist banks in adopting DLTs
On January 8th, the HKMA launched an initiative to help banks adopt distributed ledger technology (DLT). The initiative will focus on tokenized deposits with the Hong Kong Central Bank, providing ...
LG CNS aims for $4.1 billion valuation in February IPO
LG CNS, the IT arm of LG Group, is aiming for a Kospi debut with a peak valuation of 6 trillion won in February.
HSBC Analysts See 21% Upside for Hong Kong-Listed Chinese Stocks
HSBC Holdings Plc is turning bullish on Chinese stocks listed in Hong Kong, touting them as beneficiaries of more “favorable policy rhetoric” in mainland China and a better outlook for the domestic ...
Hong Kong launches initiative to help banks with DLT adoption
The Hong Kong Monetary Authority (HKMA) has launched an initiative to assist banks in adopting distributed ledger technology. On Jan. 8, the Hong Kong central bank announced the launch of its ...