High on shareholders’ minds is whether the London-based bank should continue to straddle the gulf between the East and the West, and how it can navigate the geopolitical minefield in deteriorating ... ( read original story ...)
Chinese chip IPO is bet on double self-sufficiency
A Chinese chipmaker is becoming Beijing's poster child for technological self-sufficiency. Hygon Information Technology is readying a $1.6 billion float – the largest so far on Shanghai's STAR market ... ( read original story ...)
Hong Kong banks may raise prime rate as soon as this month as costly defence of US-dollar peg drives up cost of money, analysts say
Six out of 10 analysts surveyed by the South China Morning Post believe the Hong Kong prime rate will increase by 12.5 to 25 basis points Most analysts surveyed expect a rate increase to come in ... ( read original story ...)
Shares of a Chinese tech firm are up more than 32,000% since its July IPO – and even the company has no idea why
AMTD Digital trades on the New York Stock Exchange and priced its IPO at $7.80 a share. On Tuesday, the stock hit a high of $2,521.72. ( read original story ...)
Shares of a Chinese tech firm are up more than 18,000% since its July IPO — and even the company has no idea why
AMTD Digital trades on the New York Stock Exchange and priced its IPO at $7.80 a share. On Tuesday, the stock hit a high of $1,182.50. ( read original story ...)
HKD IPO Update: AMTD Digital Stock Skyrocketing Since July Debut
Yet, HKD stock is surging and investors are reaping the rewards. Will the HKD IPO go down as one of the most successful public debuts in recent years? Or will this momentum hit an inevitable wall ... ( read original story ...)
Three Hong Kong SPACs Let IPO Filings Lapse
Three blank-check companies have let their listing applications lapse in Hong Kong after first filing them in late January. The special-purpose ... ( read original story ...)
Analyst: I’m not pessimistic in the medium term about erosion of Hong Kong’s financial hub status
John Marrett of the Economist Intelligence Unit says that's partly because Hong Kong has privileged access to the mainland market. ( read original story ...)
Hong Kong June retail sales slip 1.2%
Hong Kong's June retail sales slipped 1.2% from a year earlier tracking a slight drop in the previous month, government data showed on Tuesday. Sales eased to HK$27.7 billion ($3.53 billion), having ... ( read original story ...)
Hong Kong retail sales continue to decline, falling 1.2 per cent in June
Sales for June totalled HK$27.7 billion, provisional figures released by Census and Statistics Department show Government attributes decline to souring desire to spend following resurgence of local ... ( read original story ...)
Hong Kong’s Economy Seen Contracting in 2022 as GDP Slumps
Economists downgraded their forecasts for Hong Kong’s economy, predicting it could contract for the third time in four years, after data Monday showed growth is being weighed down by Covid ... ( read original story ...)
Hong Kong investors have been the most bearish on bonds, says funds network
Leo Chen of Calastone discusses the types of stocks investors are turning to in an inflationary environment. Got a confidential news tip? We want to hear from you. Sign up for free newsletters and get ... ( read original story ...)
Hong Kong’s Hang Seng down 2% as Asia markets drop; South Korea’s inflation rises
Hong Kong's Hang Seng led losses in Asia on Tuesday as South Korea's inflation rose. Consumer prices in South Korea rose 6.3% in July compared with the same period in 2021, official data showed on ... ( read original story ...)
HSBC shareholder starts group to rally support for Ping An break-up plan
Shareholder Ken Lui said a split would make it easier for HSBC to navigate the rising tension between China and the West. Read more at straitstimes.com. ( read original story ...)