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Tag: ipo

Posted on 14/05/2020

China central bank outlines financial co-operation in Greater Bay Area

The People's Bank of China published a list of guidelines on Thursday aimed at connecting financial markets and services in the southern 'Greater Bay Area' linking the mainland with semi-autonomous ... ( read original story ...)

Posted on 14/05/2020

Hong Kong shares end 1.5% lower as hopes for quick economic recovery fade

Hang Seng index ends down 1.45% China Enterprises index HSCE falls 1.51% HSI financial sector sub-index is 1.6% lower; property sector down 2% ... ( read original story ...)

Posted on 14/05/2020

Hang Seng follows Wall Street down on worries about global economy; China Literature, SMIC soar in Hong Kong

Tencent beat first-quarter expectations, prompting a bullish call by Daiwa Capital Markets for the internet giant’s shares to rise to HK$515 – a 20 per cent jump from Wednesday’s close. ( read original story ...)

Posted on 14/05/2020

China’s central bank sells 30 bln yuan offshore bills

The People's Bank of China issued 30 billion yuan ($4.2 billion) of offshore bills in Hong Kong on Thursday, the Hong Kong Monetary Authority announced on its website. ( read original story ...)

Posted on 14/05/2020

Despite virus, Pompeo talks West Bank annexation in Israel

U.S. Secretary of State Mike Pompeo met Wednesday with Israeli Prime Minister Benjamin Netanyahu to discuss the country's plans to annex parts of the West Bank, as Israeli ... ( read original story ...)

Posted on 13/05/2020

Kingsoft Cloud is considering a Nasdaq IPO, in a US$450 million bet that anti-China sentiment is a tempest in a teapot

Kingsoft Cloud, the cloud storage subsidiary of one of China's biggest computer software developers, is eyeing an initial public offering (IPO) on the Nasdaq, pitching to tap the US capital market ... ( read original story ...)

Posted on 13/05/2020

Renewed virus concerns pull Hong Kong shares lower

HSI financial sector sub-index 0.6% lower; property sector down 0.3% May 13 (Reuters) - Hong Kong shares closed lower on Wednesday, giving up earlier gains as investors fretted over the economic ... ( read original story ...)

Posted on 13/05/2020

BoC settles over half of cases in oil product losses: sources

Bank of China (BoC) has settled with more than half of customers hurt by losses in a crude oil-linked product after a historic oil price slide into negative territory, two sources with direct ... ( read original story ...)

Posted on 13/05/2020

JD.com Plans To Kickstart Hong Kong IPO As US-Listed Chinese Firms Increasingly Look Toward Home

Following in the footsteps of its bigger rival Alibaba Group Holding Ltd – ADR (NYSE: BABA), JD.Com Inc (NASDAQ: JD) is planning to test the IPO waters in Hong Kong very soon, if reports are to be ... ( read original story ...)

Posted on 13/05/2020

Hong Kong, Asia-Pacific stocks weighed down by US top coronavirus expert warning of ‘real risk’ of opening businesses too soon

The coronavirus continues to drive trading sentiment globally and in the Asia-Pacific region. But investors are also watching tensions between the US and China, which analysts expect to persist as ... ( read original story ...)

Posted on 13/05/2020

JPMorgan Extends Banking Services to Bitcoin Exchanges

JPMorgan Chase has taken on two well-known bitcoin exchanges, Coinbase and Gemini Trust, as banking customers, say people familiar with the matter, the first time the bank has accepted clients from ... ( read original story ...)

Posted on 12/05/2020

Coronavirus: No lay-offs during pandemic, vow 4,200 companies in Hong Kong

Some big names have agreed to the pledge organised by the Hong Kong Coalition, including China Resources and Sunwah Group. While at least 100,000 workers fall under the umbrella of the campaign, the ... ( read original story ...)

Posted on 12/05/2020

Chinese Cancer Screening Firm to Pick Goldman, UBS for IPO

New Horizon Health Ltd., a Chinese maker of home test kits for colon cancer, has picked Goldman Sachs Group Inc. and UBS Group AG to arrange its planned initial public offering in Hong Kong, according ... ( read original story ...)

Posted on 12/05/2020

Window For This Bullish Hong Kong Dollar Trade Is Closing

Hedge funds may have just weeks left to make good money from the long Hong Kong dollar carry trade.Local interest rates, which have remained stubbornly high relative to those in the U.S., will fall at ... ( read original story ...)

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