Chinese drinks maker Nongfu Spring will raise up to $1.08 billion by pricing its shares between HK$19.50 to HK$21.50 ($2.52 to $2.77) in its Hong Kong initial public offering, according to ... ( read original story ...)
HKMA sells HK$643 mln in NY hours as currency hits strong end of band
The Hong Kong Monetary Authority sold HK$643 million ($83 million) into the market in New York trading hours after the local currency hit the strong end of its trading band, according to data released ... ( read original story ...)
China Regulator Pledges Continued Backing of Hong Kong as Financial Center
China's banking regulator pledged its backing for Hong Kong as a finance hub and reiterated a commitment to opening up the Chinese financial sector amid a ... ( read original story ...)
Jack Ma’s Ant Group Pushes Ahead With ‘Project Star’ Listing Plans; Investors See Big IPO Gains
When Ant Group goes public later this year, the Chinese financial-technology behemoth will likely earn a stratospheric market valuation that would place it at the top of companies listing globally for ... ( read original story ...)
Hong Kong stocks post one-month closing high as techs shine
Hong Kong stocks rose to a one-month closing high on Monday, led by tech firms as investors cheered Beijing’s continued efforts to foster tech strength. ** The Hang Seng index was up 437.74 points, or ... ( read original story ...)
Chinese managers apply to launch first Hang Seng Tech index ETFs
Two Chinese managers have applied to launch exchange traded funds that will track the newly launched Hang Seng Tech Index, according to records from the China Securities Regulatory Commission. China ... ( read original story ...)
Start-up firms lead gains in China stocks on reform cheer; Hong Kong up
China stocks climbed on Monday, led by strong gains for the tech-heavy start-up board ChiNext, as investors cheered Beijing's continued market reforms to help foster its tech strength. HK->Shanghai ... ( read original story ...)
US-China relations: Beijing condemns financial sanctions on Hong Kong
America’s ‘actions to undermine financial stability in Hong Kong are not only against the Chinese people but also against the people of the world’, CBIRC says. ( read original story ...)
Hong Kong blood bank makes urgent appeal as Covid-19 pandemic fears keep donors away, supplies dry up
Hospitals find it harder to get supplies as collection drops at Blood Transfusion Service amid Covid-19 pandemic. ( read original story ...)
Carlyle-Backed Adicon Picks Banks for Hong Kong IPO
Adicon Clinical Laboratories Ltd., a Chinese lab operator backed by Carlyle Group Inc., has picked banks for its Hong Kong initial public offering, according to people familiar with the matter.The ... ( read original story ...)
Jack Ma’s Ant Group Produces $3.5 Billion Profit in Six Months as IPO Looms
The Chinese financial-technology giant backed by billionaire Jack Ma earned roughly $3.5 billion over a recent six-month period, showing how lucrative the company’s business has been as it gears up ... ( read original story ...)
Jack Ma’s Ant Group Posts $3.5 Billion Profit in Six Months Ahead of IPO
The Chinese financial-technology giant backed by billionaire Jack Ma earned roughly $3.5 billion over a recent six-month period, showing how lucrative the company’s business has been as it gears up ... ( read original story ...)
US Ends Trio of Legal, Financial Pacts with Hong Kong
The Trump administration has suspended or terminated three bilateral agreements with Hong Kong in its latest response over the new national security law imposed on the semi-autonomous city by China. ( read original story ...)
Hong Kong Digital Bank Neat Announces $4 Million Extension of $11 Million Series A Funding Round
Neat, a digital bank based in Hong Kong, announced on Wednesday a $4 million extension to its $11 million Series A investment round, which originally closed in April 2020. MassMutual Ventures, Pacific ... ( read original story ...)