Tuesday’s listing by Guangdong Dtech at the Shenzhen Stock Exchange has minted a new billionaire couple in China. Shares in the Dongguan-headquartered manufacturer climbed by 47.6% on their debut to ...
Hong Kong Law on Trial
The government wants to deny Jimmy Lai the lawyer of his choice.
Xi Jinping’s initial-public-offering boom
A flurry of smaller telecommunication firms have flocked to the Beijing Stock Exchange, which launched last year under the guidance of Xi Jinping, China’s leader. At first glance, this suggests Mr ...
Exclusive: China set to fine Ant Group over $1 bln, signalling revamp nears end-sources
Chinese authorities are poised to impose a fine of more than $1 billion on Jack Ma's Ant Group, said six sources with direct knowledge of the matter, setting the stage for ending the fintech company's ...
Sunshine Insurance Wins HKEX Approval for $1 Billion IPO
Private Chinese insurer Sunshine Insurance Group Co. passed a hearing for an initial public offering on the Hong Kong Stock Exchange, the HKEX said Monday. The Beijing-based company won approval from ...
China’s Top Nickel Trader Mines for $600 Million in Hong Kong IPO
China’s leading nickel trader Lygend Resources & Technology Co. Ltd. has kicked off its Hong Kong IPO and is aiming to raise up to HK$4.64 billion ($594 million) in fresh capital. Lygend is one of a ...
Exclusive: China set to fine Ant Group over $1 billion, signalling revamp nears end-sources
HONG KONG, Nov 22 (Reuters) - Chinese authorities are poised to impose a fine of more than $1 billion on Jack Ma's Ant Group, said six sources with direct knowledge of the matter, setting the stage ...
Citibank expects Hong Kong property prices to fall another 10 per cent, bottom out in second quarter of 2023
Hong Kong property prices are expected to bottom out in the second quarter of next year at the earliest, following an estimated drop of 20 per cent from a record high posted in 2021, Citibank said on ...
Hong Kong stocks lead losses as China Covid cases rise; Asia markets mixed
Hong Kong’s Hang Seng index fell 1.16% in the final hour of trade, with the Hang Seng Tech index down 3.15% as Covid cases in China continue to grow. In mainland China, the Shanghai Composite rose ...
Hong Kong stocks fall for 5th straight day as COVID prompt profit-taking; China markets steady
The Hang Seng index dropped 1.3%, while the Hong Kong China Enterprises Index lost 1.7%. ** Both the CSI300 index and the Shanghai Composite Index were roughly flat. ** "Previously, Hong Kong stocks ...
Hong Kong believes stablecoin volatility can spillover to traditional finance
The study also the crash of Terra USD (UST), an algorithmic stablecoin issued by Terraform Labs, which had caused mass redemption of Tether (USDT).
Chinese exchanges say COVID testing firms to face strict IPO checks
Chinese stock exchanges said they will strictly vet listing applications from COVID-19 testing companies, in response to media reports voicing concerns over fundraising plans by beneficiaries of the ...
Sunshine Insurance premarkets $1bn HK IPO
Founded in 2004, Sunshine provides life and health insurance, property and casualty insurance and asset management. It made total revenue of Rmb120tn in 2021, up 4.3% from Rmb115tn in 2020. After-tax ...
Citi bolsters HK BCMA team
He returns to Citi from Standard Chartered, where he was an MD within corporate, commercial and institutional banking, covering blue-chip conglomerates, family offices and public sector clients in ...