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Posted on 06/05/2025

HKMA Sells Hong Kong Dollars as Currency Approaches Peg to Greenback

The Hong Kong Monetary Authority has sold over a 100 billion in Hong Kong dollars in the foreign-exchange market this month.

Posted on 06/05/2025

Hong Kong’s Exchange Fund posts US$8.7 billion gain amid stock market rally

Exchange Fund benefits from Hong Kong stock market rally; Hang Seng Index rises 15 per cent in the first quarter.

Posted on 06/05/2025

Wall Street banks said to steer clear of Chery’s US$1.5 billion Hong Kong IPO

HONG KONG] One of this year’s biggest listings is coming together in Hong Kong without the involvement of Wall Street banks. Read more at The Business Times.

Posted on 06/05/2025

Shanghai Gold Exchange to Expand Warehouse Network to Hong Kong

The Shanghai Gold Exchange plans to expand its warehouse network to Hong Kong, helping to raise the profile of its yuan-denominated products, including for the precious metal, beyond mainland China.

Posted on 06/05/2025

Chery gears up for US$1.5 billion Hong Kong IPO without Wall Street banks

Chery Automobile’s planned Hong Kong initial public offering (IPO), which people familiar say could raise about US$1.5 billion, is being led by an all-Chinese bank roster after others decided not to ...

Posted on 06/05/2025

Wall Street Banks Said to Steer Clear of Chery’s $1.5 Billion Hong Kong IPO

One of this year’s biggest listings is coming together in Hong Kong without the involvement of Wall Street banks.

Posted on 06/05/2025

Hong Kong’s freight forwarding industry hit by trade war, SCMP reports

Hong Kong's freight forwarding industry is reeling from the U.S.-China trade war with 41% of container capacity from the city to North America's west coast cancelled for the week starting May 12, the ...

Posted on 06/05/2025

CATL starts gauging interest for potential US$5 billion Hong Kong listing

HONG KONG] Contemporary Amperex Technology Co Limited (CATL), the world’s largest maker of batteries for electric vehicles, began gauging investor interest for its Hong Kong listing from Tuesday (May ...

Posted on 06/05/2025

Hong Kong’s freight forwarding industry takes hit from trade war

In week starting Monday, 41 per cent of container capacity scheduled from Hong Kong to North America’s west coast cancelled.

Posted on 06/05/2025

Hong Kong’s central bank intervenes to maintain currency peg

Hong Kong's de-facto central bank bought $7.8 billion (HK$60.5 billion) against the Hong Kong dollar on Tuesday from the market to stop the local currency strengthening and breaking its peg to the U.S ...

Posted on 06/05/2025

Hong Kong DIY Watch Brand Sets Sights on Europe Amid Trump Tariffs

Lai is the founder of DIY Watch Club, which sells do-it-yourself watchmaking kits to the overseas market, with over 80% of his shipments going to the United States. Starting from May 2, low-value ...

Posted on 06/05/2025

CATL Files Initial Prospectus for Hong Kong Listing

Chinese battery giant Contemporary Amperex Technology has filed a preliminary prospectus with the Hong Kong Exchange for a secondary listing, seeking to leverage the rapidly growing electric-vehicle ...

Posted on 06/05/2025

Ahead of Hong Kong IPO, China drug maker Hengrui touts partnership with US giant Merck

Jiangsu Hengrui Pharmaceuticals, a leading Chinese developer of novel drugs that recently received approval to go public in Hong Kong, is likely to see an acceleration in growth as its research and ...

Posted on 06/05/2025

Hong Kong Sells Record Amount of Currency to Defend Exchange Peg

Hong Kong authorities said they continued to purchase US dollars in an attempt to defend the foreign exchange peg.

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