JD Health and other Chinese IPOs give Hong Kong a boost after a troubled year
4 years, 1 month ago

JD Health and other Chinese IPOs give Hong Kong a boost after a troubled year

CNN  

Hong Kong CNN Business — Hong Kong’s stock exchange was dealt a major blow last month when Ant Group’s highly anticipated IPO was shelved. The latest winner in Hong Kong’s hot streak is JD Health, an online healthcare unit owned by Chinese e-commerce firm JD.com. Hong Kong financial secretary Paul Chan acknowledged this week that international investors have been worried about the city’s future. The index compiler also changed rules in May to allow companies that have chosen Hong Kong for their secondary listing to appear on the city’s benchmark Hang Seng Index — a decision that paved the way for the index to add Alibaba and Xiaomi as constituents in September.

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HK's IPO market to keep top 5 ranking in 2025
1 month ago

HK's IPO market to keep top 5 ranking in 2025

China Daily  

By WU MENGLEI in Hong Kong | China Daily | Updated: 2024-12-12 09:05 International accounting firm KPMG foresees improved investor confidence in Hong Kong's IPO market and expects it to maintain its position among the global top five in 2025, as its financial funding sector shows robust resilience. As of Dec 8, the Hong Kong stock exchange ranked 4th in …

China halts Ant’s record IPO, leaving Jack Ma’s empire in limbo
4 years, 2 months ago

China halts Ant’s record IPO, leaving Jack Ma’s empire in limbo

LA Times  

Alibaba founder Jack Ma during the company’s IPO at the New York Stock Exchange in September 2015. Only days before the financial technology juggernaut was to go public in Shanghai and Hong Kong — a coup for China’s financial markets that once would have been unimaginable — the $35-billion IPO was halted Tuesday after Ma, China’s richest man, was summoned …

Ant Group IPO gets the green light from regulators for its blockbuster listing
4 years, 2 months ago

Ant Group IPO gets the green light from regulators for its blockbuster listing

CNN  

Hong Kong CNN Business — Ant Group — the crown jewel of billionaire Jack Ma’s tech empire — is one step closer to its highly anticipated market debut. China’s securities regulator said Wednesday that Ant has received the green light for its Shanghai public offering, and has now cleared all regulatory hurdled for a dual-listing that is expected to rake …

Jack Ma’s Ant Group chooses Hong Kong and Shanghai for IPO
4 years, 5 months ago

Jack Ma’s Ant Group chooses Hong Kong and Shanghai for IPO

CNN  

Hong Kong CNN Business — One of China’s biggest tech firms has chosen to stay home for its blockbuster IPO, shunning Wall Street where Chinese companies are facing heightened scrutiny because of rising geopolitical tensions. Ant Group announced on Monday that it is planning “a concurrent initial public offering” in Hong Kong and on Shanghai’s Star Market, China’s answer to …

JD.com becomes the latest Chinese company to turn to Hong Kong with $4 billion listing
4 years, 7 months ago

JD.com becomes the latest Chinese company to turn to Hong Kong with $4 billion listing

CNN  

Hong Kong CNN Business — JD.com is planning a secondary listing for its shares on Hong Kong’s stock market — the latest example of how the city is becoming a fallback for Chinese companies fearful of possible regulatory trouble in the United States. The Chinese e-commerce and tech company said in a filing to the US Securities and Exchange Commission …

Chinese companies facing pushback in the US could seek refuge in Hong Kong
4 years, 7 months ago

Chinese companies facing pushback in the US could seek refuge in Hong Kong

CNN  

Hong Kong CNN Business — Hong Kong’s status as a global business hub has been cast into doubt in recent weeks. Other companies are considering Hong Kong, too “China’s tech giants see Hong Kong as middle ground,” said Brock Silvers, chief investment officer for Hong Kong-based Adamas Asset Management. “But it has evolved in light of the trade war and …

Alibaba’s Hong Kong listing is about pleasing China and buying trade war insurance
5 years, 2 months ago

Alibaba’s Hong Kong listing is about pleasing China and buying trade war insurance

CNN  

Hong Kong CNN Business — Alibaba’s plan to raise billions of dollars by selling shares on the Hong Kong stock market will be one of the largest public offerings in the world this year. “Alibaba hardly lacks access to capital,” said Brock Silvers, managing director for Adamas Asset Management in Hong Kong. “We hope we can contribute, in our small …

Hong Kong’s political crisis isn’t a deal breaker for investors right now
5 years, 3 months ago

Hong Kong’s political crisis isn’t a deal breaker for investors right now

CNN  

Hong Kong CNN Business — Protests have paralyzed many parts of Hong Kong for months, trashing its retail economy and prompting an outflow of money to Singapore. The day before Tuesday’s violent escalation, Anheuser-Busch InBev listed its Asia business on the Hong Kong Stock Exchange, raising $5 billion in the second biggest IPO of the year after Uber. “Budweiser’s IPO …

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