Business
Hong Kong central bank keeps base rate unchanged as Fed holds steady
THE Hong Kong Monetary Authority (HKMA) left its base rate unchanged at 4.75 per cent on Thursday (Jan 30), tracking a move by the US…
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This Hong Kong newspaper seller is preparing for a yuan crash
Currency traders looking for their next big idea could do worse than talk to Wong, who runs a news stand in Hong Kong’s Central District.…
News
LME approves Hong Kong as delivery point for metals
THE London Metal Exchange (LME) has approved Hong Kong as an LME delivery point and the listing will become active three months after the…
Business
LME approves warehousing in Hong Kong, a gateway for metals to China
THE London Metal Exchange (LME) on Monday (Jan 20) approved Hong Kong as a warehouse delivery point, seeking to boost access to mainland…
Business
Chinese soda maker Dayao is said to consider US$500 million Hong Kong IPO
CHINESE soda maker Dayao is gearing up for a Hong Kong initial public offering (IPO) as early as the second half of 2025, sources familiar…
Business
China’s battery giant CATL hires banks for first-half Hong Kong float: sources
CHINESE battery giant CATL has hired banks, including JPMorgan and Bank of America, to work on a Hong Kong listing, in what could be one…
Business
EDB executive vice-president Tan Kong Hwee to be appointed CEO of Ipos
TAN Kong Hwee, executive vice-president of the Singapore Economic Development Board (EDB), will be appointed the chief executive of the…
Business
Ultraman toymaker Bloks surges after blockbuster Hong Kong IPO
SHARES of Bloks Group, the popular Chinese maker of Ultraman and Transformers figurines, jumped as much as 82 per cent in their Hong Kong…
Business
Ultraman toymaker becomes a billionaire after frenzied Hong Kong IPO
THE frenzy over a toymaker’s Hong Kong initial public offering has created a new billionaire. Zhu Weisong, founder and chairman of Bloks…
Business
Millennium hedge fund spinoff Modular expands to Hong Kong
MILLENNIUM Management spinoff Modular Asset Management plans to expand to Hong Kong, the latest hedge fund arrival as the city tries to…
Business
Hong Kong Airport Authority sells record HK$18.5 billion of bonds
THE Airport Authority of Hong Kong sold HK$18.5 billion (S$3.3 billion) of bonds in the largest-ever issuance in the financial hub’s local…
Business
Hong Kong banks hoard record piles of cash as economy sputters
HONG Kong banks are hoarding cash and liquidity despite calls by the government to help out struggling small businesses with funding to…
Business
Hong Kong eases investment thresholds to attract family offices
HONG Kong is easing the requirement of its capital investment entrant scheme, bolstering efforts to attract family offices and lift the…
Business
Retail traders seek nearly US$60 billion for toymaker Bloks Group’s Hong Kong IPO
RETAIL investors have applied to borrow nearly US$60 billion to participate in Chinese toymaker Bloks Group’s Hong Kong initial public…
Business
Chery adds JPMorgan for US$1 billion Hong Kong listing
CHERY Holding Group has added JPMorgan Chase to help arrange a potential listing of its automotive unit in Hong Kong next year, according…
Business
Hong Kong sees rush of IPO filings on last trading day of 2024
A SLEW of companies have announced plans to list shares in Hong Kong over the next month in a further sign the city’s IPO market is…
Business
Chinese toy maker Bloks Group files for up to HK$1.46 billion Hong Kong IPO
BLOKS Group is looking to raise as much as HK$1.46 billion (S$225 million) in a Hong Kong initial public offering (IPO), as the Chinese…
News
Hong Kong dollar strongest since 2021 on record funding costs
THE Hong Kong dollar climbed to its strongest level in three and a half years, thanks to a year-end surge in demand that pushed the…
Business
Hong Kong IPO market stages comeback after dismal 2023
INVESTORS in the Hong Kong initial public offering (IPO) of Chinese cosmetics firm Mao Geping Cosmetics received an early Christmas…
Business
OCBC sells stake in Hong Kong Life Insurance for HK$589.3 million
The sale is not expected to have an impact on the group’s net tangle assets or earnings per share OCBC has agreed to sell its entire stake…
News
China Eastern to debut C919 on Shanghai-Hong Kong route in January
CHINA Eastern Airlines will launch the first commercial cross-border service operated by C919 between Shanghai and Hong Kong on Jan 1,…
Business
China’s CATL to seek Hong Kong listing
CHINESE battery manufacturer CATL said on Thursday (Dec 26) it plans to seek a listing in Hong Kong, a Shenzhen Stock Exchange filing…
Business
China’s wild markets send Hong Kong derivatives to third record year
FOR a third year in a row, trading of derivatives in Hong Kong has hit a record. More than 377 million futures and options have changed…
Business
Singapore pulls ahead of Hong Kong in race to be crypto hub
SINGAPORE forged ahead with efforts to formulate a digital assets hub in 2024, while rival financial centre Hong Kong has struggled to…