Chinese exchanges top global IPO markets in the first half of the year
China was the world’s most active market for IPOs in the first half of the year as Beijing’s capital market reforms and the market’s obsession with AI expedited deal-making.
Super-connector Hong Kong’s ‘best days are ahead’, says HKEX boss Aguzin
The capital markets of Hong Kong and China must continue to open up and welcome foreign investors to participate in the schemes that link them, with the city playing a key role as a ‘super-connector’, financial and government leaders said at an event marking the sixth anniversary of Bond Connect.
The capital markets of Hong Kong and China must continue to open up and welcome foreign investors to participate in the schemes that link them, with the city playing a key role as a ‘super-connector’, financial and government leaders said at an event marking the sixth anniversary of Bond Connect.
Most Hong Kong stocks advance as BYD rises while chip curbs unsettle AI firms
BYD advanced amid strong EV sales in mainland China, while Anta and sportswear makers also gained. Chip and AI firms struggled in the face of widening tech rivalry between China, the US and Europe.
BYD advanced amid strong EV sales in mainland China, while Anta and sportswear makers also gained. Chip and AI firms struggled in the face of widening tech rivalry between China, the US and Europe.
Bank of China pips HSBC in bond deals as Hong Kong IPOs face Sars-era slump
Investment bankers got busier arranging more bond deals in Hong Kong while the IPO market slumped to the lowest level since the severe acute respiratory syndrome or Sars struck the city in 2003.
Investment bankers got busier arranging more bond deals in Hong Kong while the IPO market slumped to the lowest level since the severe acute respiratory syndrome or Sars struck the city in 2003.
Denza, BYD’s JV with Mercedes-Benz, launches second EV
Shenzhen Denza New Energy Automotive, the electric-vehicle (EV) venture between BYD and Mercedes-Benz, has launched a mid-sized sport-utility vehicle (SUV) in China to take on premium models assembled by the likes of BMW and Audi.
Shenzhen Denza New Energy Automotive, the electric-vehicle (EV) venture between BYD and Mercedes-Benz, has launched a mid-sized sport-utility vehicle (SUV) in China to take on premium models assembled by the likes of BMW and Audi.
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China’s deleveraging drive misguided, may rein in corporate earnings: Alpine
China’s corporate earnings have run below potential in the past decade due to a deleveraging campaign driven by the belief excess stimulus promoted indebtedness and in the absence of a reflationary push, bonds will continue to outperform stocks, Alpine Macro said in a report.
Singapore’s OCBC Bank eyes expansion in China, Southeast Asia to tap growth
Singaporean banking giant OCBC Group plans to expand in China and Southeast Asia in a bid to capture the strengthening trade relationships and growing demand for wealth management in the area, its CEO said on Monday.
Singaporean banking giant OCBC Group plans to expand in China and Southeast Asia in a bid to capture the strengthening trade relationships and growing demand for wealth management in the area, its CEO said on Monday.
BYD sets new monthly sales record as China’s EV market surges back to life
The world’s biggest electric-car maker sold more than a quarter of a million units in June, beating the record it set a month earlier in the latest sign that a recovery in mainland China’s EV industry is on a solid footing.
The world’s biggest electric-car maker sold more than a quarter of a million units in June, beating the record it set a month earlier in the latest sign that a recovery in mainland China’s EV industry is on a solid footing.
Tencent, HSBC, AIA top share buy-backs in Hong Kong amid US$123 billion slump
Some of the top listed companies in Hong Kong resorted to massive share buy-backs in the first half of the year, taking advantage of a US$123 billion slump in market capitalisation.
Some of the top listed companies in Hong Kong resorted to massive share buy-backs in the first half of the year, taking advantage of a US$123 billion slump in market capitalisation.
Alibaba, Xpeng lift Hong Kong stocks on better ties as Yellen heads to Beijing
Stocks in Hong Kong jump by the most in two weeks amid expectations efforts to dial down US-China tensions will boost the appeal of local assets.
Stocks in Hong Kong jump by the most in two weeks amid expectations efforts to dial down US-China tensions will boost the appeal of local assets.
Hong Kong mutual fund sales rebound as hopes of rate pause stem outflow
Mutual fund sales bounced back strongly in the first quarter after the worst net outflow on record last year as market sentiment improved amid a more stable interest rate environment, according to fund managers and regulators.
Mutual fund sales bounced back strongly in the first quarter after the worst net outflow on record last year as market sentiment improved amid a more stable interest rate environment, according to fund managers and regulators.
China’s Tesla rivals see sales jump in June, as demand for EVs rebounds
The three main Chinese electric-car makers enjoyed a surge in sales buoyed by pent-up demand after months of lacklustre demand, boding well for an industry vital to the country’s economic recovery.
The three main Chinese electric-car makers enjoyed a surge in sales buoyed by pent-up demand after months of lacklustre demand, boding well for an industry vital to the country’s economic recovery.
Hong Kong homebuyers snap up 70 per cent of Henderson Land’s new Kai Tak flats
Henderson Land sold seven out of every 10 units on offer at its Henley Park development in Kai Tak despite downward pressure in the city’s home market ahead of interest rate hikes.
Henderson Land sold seven out of every 10 units on offer at its Henley Park development in Kai Tak despite downward pressure in the city’s home market ahead of interest rate hikes.
Shanghai district plans to launch investment fund to support local tech firms
The government of Huangpu district, which forms part of Shanghai’s urban core, plans to launch an investment fund to support promising technology firms based in its 20.5 sq km area.
The government of Huangpu district, which forms part of Shanghai’s urban core, plans to launch an investment fund to support promising technology firms based in its 20.5 sq km area.
Kennedy Town plot fetches just 6 bids as market gloom deters developers
The first government land tender of this financial year ended up attracting far fewer bids than expected as the prospect of further interest rate hikes and new housing supply dimmed the outlook for Hong Kong’s property market.
The first government land tender of this financial year ended up attracting far fewer bids than expected as the prospect of further interest rate hikes and new housing supply dimmed the outlook for Hong Kong’s property market.
China natural sweetener stocks gain on report aspartame is possibly carcinogenic
Stocks of makers of natural sweeteners rose after a report said the World Health Organization is set to declare aspartame, a manufactured sugar used in the food and beverage industry, as possibly carcinogenic.
Stocks of makers of natural sweeteners rose after a report said the World Health Organization is set to declare aspartame, a manufactured sugar used in the food and beverage industry, as possibly carcinogenic.
BlackRock, Invesco bet on Chinese stocks despite bearish Citi, UBS calls
Investment management behemoths BlackRock and Invesco have reiterated their positive views on regional laggards Chinese stocks and are betting that policy support will underpin strong second-half performance for the regional laggards, even as major investment banks slash their targets for key equity benchmarks.
Investment management behemoths BlackRock and Invesco have reiterated their positive views on regional laggards Chinese stocks and are betting that policy support will underpin strong second-half performance for the regional laggards, even as major investment banks slash their targets for key equity benchmarks.
Hong Kong stocks log quarterly loss on weak China data, bankers’ pessimism
Stocks erase an early advance, deepening the biggest quarterly loss since Beijing’s zero-Covid pivot. China is facing a confidence issue as investors wait for stronger policy responses, BlackRock says.
Stocks erase an early advance, deepening the biggest quarterly loss since Beijing’s zero-Covid pivot. China is facing a confidence issue as investors wait for stronger policy responses, BlackRock says.
HKEX teams up with Beijing bourse, Ningbo government in bid to lure start-ups
Hong Kong Exchanges and Clearing, which runs Asia’s third largest stock market, has signed agreements with Beijing Stock Exchange and the government of Ningbo this week to explore ways to make it easier for start-ups and high-quality companies to list here, the bourse operator said on Thursday.
Hong Kong Exchanges and Clearing, which runs Asia’s third largest stock market, has signed agreements with Beijing Stock Exchange and the government of Ningbo this week to explore ways to make it easier for start-ups and high-quality companies to list here, the bourse operator said on Thursday.
Chinese Tesla rival Xpeng prices G6 SUV 20 per cent below Model Y
Xpeng hopes its G6, with a starting price of US$29,000, can topple its US rival in China, where the Model Y is outselling other SUV models.
Xpeng hopes its G6, with a starting price of US$29,000, can topple its US rival in China, where the Model Y is outselling other SUV models.
