Ant Group and its advisers are getting creative as they attempt to score the world’s largest initial public offering amid a coronavirus pandemic as well as a first-of-its-kind simultaneous listing in Hong Kong and Shanghai. Known for upending the financial industry across China with its easy-to-use payments app Alipay, the […]
Kong
Evergrande Gets Hong Kong Exchange Nod to Spin Off Management Unit
(Bloomberg) — China Evergrande Group won approval from the Hong Kong stock exchange to spin off its property management unit, according to a person familiar with the matter, paving the way for the company to raise much needed capital. Load Error The unit, recently valued at $11 billion in a […]
China’s TikTok competitor Kuaishou, backed by Tencent, hires investment banks for a Hong Kong IPO
China’s TikTok competitor Kuaishou Technology is preparing an initial public offering in Hong Kong likely early next year, according to people familiar with its plans. The Tencent-backed short video-sharing app has hired investment bankers to advise it on the listing, they said. Beijing-based app operator Kuaishou Technology ranks eighth on […]
Baozun Launches IPO in Hong Kong
Baozun (NASDAQ:BZUN) is sticking to its home region for its latest round of capital raising. The Shanghai-based e-commerce company announced Thursday that it has launched an initial public offering (IPO) in Hong Kong, after which it will be listed on the Main Board of the enclave’s stock exchange. The IPO […]
Why Hong Kong chef Sandy Keung quit finance to take up cooking
© SCMP Chef Sandy Keung of Hong Kong restaurant Table. Photo: SCMP / K. Y. Cheng How did you get into cooking? “When I was young, I helped my mum sometimes. I was not afraid to pick up a knife, and I knew what to do with garlic and onion […]
Point72 Hong Kong Ltd Makes New Investment in M&T Bank Co. (NYSE:MTB)
Point72 Hong Kong Ltd acquired a new position in M&T Bank Co. (NYSE:MTB) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,686 shares of the financial services provider’s stock, valued at approximately $383,000. A […]
How China’s Top Broker Tamed the ‘Insane Asylum’ of Hong Kong Finance
China’s top investment bank is remaking an iconic Hong Kong brokerage in its own image, in a microcosm of how the Asian financial hub is changing. Back in 2013, Citic Securities Co. completed a $1.2 billion takeover of CLSA Ltd., an institution known for its forthright research and glitzy investor […]
New Group Capital Rule to Boost Hong Kong Insurance Market
AM Best believes Hong Kong’s proposed Group Capital Rule (GCR) will be beneficial to the group-wide risk and capital management culture of insurance entities. A new Best’s Commentary, titled, “New Group Capital Rule to Boost Hong Kong Insurance Market,” states that the proposed regulation, which would augment the current regulatory […]