11 h. ago ‘No longer a pet project’: tiny Beijing stock exchange becomes IPO hub

‘No longer a pet project’: tiny Beijing stock exchange becomes IPO hub  Financial Times

Politics

50 h. ago Kuok Hui Kwong, daughter of Malaysia’s richest man, to lead Shangri

Kuok Hui Kwong, daughter of Malaysia’s richest man, Robert Kuok Hock-nien, has been named CEO of luxury hotel group Shangri-La Asia, effective August 1. Kuok, 47, has been serving as Shangri-La Asia’s executive director since June 2016 and chairman since January 2017, according to a Wednesday filing with Hong Kong’s stock exchange. Shangri-La Asia is listed in Hong Kong and Singapore. The Harvard-educated Malaysian, the sixth of Robert Kuok’s eight children, took the helm of the luxury hotel...

Politics

8 d. ago Split in Hong Kong, London’s fortunes is about more than stock markets

In global equity markets, the performance gap between London and Hong Kong has widened dramatically. Once one of the world’s most liquid stock markets, the London Stock Exchange (LSE) has haemorrhaged listings during the past decade and exposed deep-seated problems in Britain’s capital markets. In the first half of this year, fundraising from initial public offerings (IPOs) in London fell to the lowest level since 1995. Hong Kong, by contrast, has staged an extraordinary revival that propelled...

Politics

9 d. ago 5 stocks gain in Hong Kong trading debut as bull market rages on

Hong Kong’s stock exchange had its busiest day of the year for new listings on Wednesday as five mainland Chinese companies made their debuts, cementing the city’s position atop the global ranking for initial public offerings (IPO). Wuhan Dazhong Dental Medical (2651) was the biggest winner of the day when its shares jumped 20 per cent at the open to HK$24, from its IPO price of HK$20. The shares of Apple supplier Lens Technology (6613) began trading at HK$18.88, a premium of 3.8 per cent from...

Economics

9 d. ago Apple supplier Lens, 4 other stocks gain in busiest day for new listings in 2025

Hong Kong’s stock exchange had its busiest day of the year for new listings on Wednesday as five mainland Chinese companies made their trading debuts, cementing the city’s top global ranking for initial public offerings (IPOs). Semiconductor chip designer Fortior Technology was the biggest winner after its shares surged 16 per cent to HK$139.80. The Shanghai-listed company raised HK$2.26 billion (US$287.8 million) from its offering of new shares at HK$120.50 each. Apple supplier Lens Technology...

Politics

1 week ago Hong Kong developer Grand Ming’s crisis deepens with US$611 million loan default

Hong Kong developer Grand Ming Group warned investors that it has yet to repay a HK$4.8 billion (US$611.4 million) loan, with its gearing ratio surging past 200 per cent – another sign of the growing debt crisis among the city’s small and medium developers. In a filing with the Hong Kong stock exchange on Tuesday, the company said that it had breached financial covenants under its loan facilities, according to its audited annual results for the year ended March 31. “The group has obtained...

Economics

2 w. ago Beijing Biostar Pharmaceuticals Resumes Trading on Hong Kong Stock Exchange

Beijing Biostar Pharmaceuticals Resumes Trading on Hong Kong Stock Exchange  TipRanks

Politics

2 w. ago Adrian Cheng leaves New World after securing funding lifeline

Adrian Cheng Chi-kong, the third generation scion of New World Development (NWD), has left the company after the Hong Kong developer successfully refinanced its debt and concluded months of negotiations that pulled it back from the brink of default. Cheng resigned as non-executive director of NWD, effective July 1, to “devote more time to public services and other personal commitments,” according to a filing to the Hong Kong stock exchange. Earlier, NWD said it successfully obtained HK$88.2...

Politics

2 w. ago Hong Kong’s IPO dominance leaves Singapore grasping for lost allure

Hong Kong’s vast lead over Singapore as a listing venue appears unassailable, with even the Southeast Asian city’s home-grown companies heading north to raise funds, but the city state remains determined to improve its allure, according to bankers and analysts. IFBH, a Singapore-incorporated Thai firm that is the world’s second-largest bottler of coconut water, started trading on the Hong Kong stock exchange on Monday after completing a HK$1.16 billion (US$147 million) initial public offering...

Politics

4 w. ago HKEX displays iconic gong across city to mark 25 years as listed entity

Hong Kong Exchanges and Clearing (HKEX), operator of Asia’s third-largest stock market, is taking its iconic gong on a tour of the city over the next two weeks to commemorate 25 years as a listed company. The exchange operator will display the gong, used for listing ceremonies, on a truck alongside a first-generation trading booth at nine locations from Friday until July 3. The HKEX completes a quarter century as a listed entity on June 27. The public can view the display at tourist spots like...

Politics

last month Hong Kong to be Chinese companies’ launch pad in Shanghai pact

Mainland Chinese companies will use Hong Kong’s capital market as the launch pad for their global growth, according to an action plan signed on Wednesday with Shanghai to connect the premier onshore commercial city with the nation’s offshore financial hub. The two cities will expand the decade-old connect programme linking the stock markets of Shanghai and Hong Kong with more equities, bonds, exchange-traded funds (ETFs) and gold, as well as working on cross-border settlements and uses of the...

Politics