Tag: ipo

Mao Daqing, founder and CEO of China’s most valuable co-working space start-up Ucommune, said he would consider an IPO for the firm in two or three years, with Hong Kong being a strong possibility after the city amended its listing rules to welcome more ... ( read original story ...)

A Hong Kong government report says money laundering puts the city at "medium high" risk, with the banking sector risk labeled "high." Reports of suspicious transactions are on the rise, but a lack of qualified experts is putting strains on the system. ( read original story ...)

Hong Kong’s Exchange Fund, the city’s reserves and asset war ... There are political tensions,” HKMA chief executive Norman Chan Tak-lam told the monthly financial affairs panel meeting on Tuesday morning, when he presented the latest Exchange ... ( read original story ...)

It seems that the creator of the Avalon Bitcoin ASIC mining hardware has taken moves to secure a stock listing spot on the Hong Kong stock exchange. The company, usually known as Canaan, is seeking for $1 billion in IPO funding. Canaan Creative, better ... ( read original story ...)

MINSK, 16 May (BelTA) – Belarus and Hong Kong have discussed matters concerning the advancement of cooperation in trade and finance, representatives of the Association of Belarusian Banks told BelTA. The Association's Chairman Alexander Kuchinsky met ... ( read original story ...)

There have been fierce debates in the United Kingdom and the rest of Europe since the Brexit vote about what might happen to the City of London in terms of its position as the world’s pre-eminent financial services centre. These arguments by ... ( read original story ...)

The Hong Kong Monetary Authority, the city’s de facto central bank, intervened in the foreign currency market to defend the Hong Kong dollar on Tuesday, bringing its total purchases of its own currency since April to about HK$52.9 billion (US$6.7 billion). ( read original story ...)

The HKMA’s intervention on Wednesday, using its reserves to sell US$200m and buy HK$1.57bn, marked the 14th time that it has stepped in to prop up the persistently weak local currency in the past month, The de facto central bank has spent a total of HK$ ... ( read original story ...)

Canaan Creative has applied to the Hong Kong stock exchange for an IPO while Zhejiang Ebang Communication has started working with advisers on a Hong Kong float, according to IFR, a Thomson Reuters publication. While the price of bitcoin BTC=BTSP has ... ( read original story ...)

Hong Kong’s IPO chasers are spoilt for choice. Fancy a glittering Chinese tech firm with ambitions to take on Apple Inc.? Or are duller state-owned giants more your thing? Two megadeals are vying for attention in what’s become a busy year for new ... ( read original story ...)

China Tower Corp., the state-owned wireless infrastructure operator, filed for an initial public offering in Hong Kong that could match the city’s biggest since 2010. While the world’s largest telecom tower service provider didn’t give a fund-raising ... ( read original story ...)

THE 45-year-old rising star executive running Commonwealth Bank’s finances has unexpectedly quit the lender to help run a cryptocurrency company in Hong Kong. Rob Jesudason, who took over the powerful role of chief financial officer last July on a salary ... ( read original story ...)

HONG KONG (Reuters) - China Tower, the world’s biggest operator of mobile phone towers, has applied to list its shares in Hong Kong in what could become the city’s second $10 billion offering this year. The company, formed in 2014 from the towers ... ( read original story ...)

The Hang Seng China Enterprises Index, which tracks Hong Kong-listed Chinese companies ... AIA Group rose 2.13 per cent to HK$74.35, China Construction Bank climbed 1.83 per cent to HK$8.35 and HSBC added 1.10 per cent to HK$78.40. The three shares ... ( read original story ...)