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19 Feb GBA@5: HSBC, Bank of East Asia among Hong Kong lenders cranking up Qianhai presence with eye on growth opportunities

Posted at 00:30h in Asia

“HSBC has been actively participating in Qianhai’s financial pilot schemes since the beginning, and we were one of the first banks to participate in yuan cross-border lending and the Wealth Management Connect scheme,” Chan told the Post. The scheme, tailor-made for the bay area, allows...

16 Feb Hong Kong stocks rally as some global funds turn bullish on Chinese tech leaders while Kuaishou, Xpeng, Swire gain on index bets

Posted at 03:00h in Asia

Hong Kong stocks rose after reports showed some fund managers have turned upbeat on China’s biggest technology companies as valuations cheapened. Xpeng, JD Logistics and Swire Properties jumped on speculation they will join the benchmark index from next month.The Hang Seng Index advanced for...

15 Feb Chinese property developer CIFI to offload Australian assets at a loss in bid to inject cash as credit dries up

Posted at 06:00h in Asia

CIFI Holdings has agreed to sell a 60 per cent stake in 16 parcels of land in Sydney to an Australian company for A$66.3 million (US$42.9 million), booking an estimated loss of A$11.1 million in the process, the distressed Chinese developer said.This is the third...

14 Feb Year of the Dragon bodes well for Hong Kong’s ailing stock market as rate cuts, improving Chinese economy bring hope, finance officials say

Posted at 06:12h in Asia

“In addition, the mainland [Chinese] economy is stable and improving. These factors will bring a positive atmosphere to investment sentiment and the asset market,” he said. 05:39Hong Kong stock market falls below 15,000 level, its lowest in 15 monthsHong Kong stock market falls below 15,000 level,...

09 Feb Nicolas Aguzin to leave HKEX CEO role two months early, with Bonnie Chan taking over from March 1

Posted at 08:15h in Asia

“As the Lunar New Year approaches, and following up on last year’s announcement that I would not seek another term as HKEX CEO, I am pleased to report that the leadership transition has been going extremely well,” Aguzin said in a statement on the eve...

Asian Financial Forum: HKEX’s Aguzin underscores Hong Kong’s ‘superconnector’ role, says China, rest of the world ‘massively underinvested’ in each other

25 Jan Asian Financial Forum: HKEX’s Aguzin underscores Hong Kong’s ‘superconnector’ role, says China, rest of the world ‘massively underinvested’ in each other

Posted at 07:39h in Asia

Hong Kong’s role as a “superconnector” between the capital markets of mainland China and the rest of the world will continue because of hugely untapped investment opportunities, Nicolas Aguzin, the CEO of bourse operator Hong Kong Exchanges and Clearing (HKEX), told the ...

17 Jan Hong Kong IPO pipeline grows as Chinese restaurant chain Xiaocaiyuan files listing application

Posted at 09:01h in Asia

Mainland Chinese restaurant chain Xiaocaiyuan International Holding has filed an initial public offering (IPO) application in Hong Kong, hoping to raise funds to expand its branch network offering fare from the eastern Anhui province.The Tongling, Anhui-based chain joins a handful of companies, mostly from the...

16 Jan Micro Connect unveils new market standard for financing China’s micro and small businesses

Posted at 11:30h in Asia

Micro Connect, an investment platform co-founded by the former boss of Hong Kong Exchanges and Clearing, Charles Li Xiaojia, on Tuesday introduced a new market standard for financing China’s micro and small businesses.The market-accepted protocol, or MAP, will allow investors to value expected cash flows...

12 Jan Lianlian applies to revive its Hong Kong IPO as Ant Group’s rival takes a second stab at raising funds

Posted at 11:00h in Asia

Lianlian DigiTech has applied to revive its initial public offering (IPO) in Hong Kong, as the provider of cashless payment services and competitor to Ant Group takes a second stab at raising funds.The Hangzhou-based company, which had reportedly sought to raise US$500 million last June,...

10 Jan Chinese AI firm iFlyTek’s healthcare unit plans Hong Kong IPO, sparking hopes that spin-offs fuel a turnaround in slumping listings market

Posted at 09:06h in Asia

Chinese artificial intelligence (AI) company iFlyTek said it plans to spin off its healthcare services subsidiary, iFlyHealth, with a listing in Hong Kong. Shenzhen-listed iFlyTek said the initial size of an iFlyHealth listing will not be more than 20.0899 million shares, with an overallotment option...

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