Cinda to submit papers for Hong Kong IPO next month
Cinda Asset Management, one of China’s big four state-owned debt clearing agencies, is expected to apply for a Hong Kong listing next month, after a weekend “beauty parade” and talks…
China liquidations keep Hong Kong professionals busy
Twenty years after mainland firms began listing in Hong Kong, it is no surprise to see a growing number of cross-border liquidations, from which some Hong Kong professionals are making…
China asset managers to lobby Beijing over competition in Hong Kong offshore yuan
Mainland fund houses, which share a growing ambition to expand abroad, are co-operating in Hong Kong to form an industry association to lobby Beijing. The first memorandum the new industry group…
Kerry Logistics sets high aim for valuation in IPO
Kerry Logistics Network, the logistics arm of Kerry Properties, aims to list in Hong Kong in the fourth quarter with a valuation that will top its peers already trading on…
HKEx to launch new stock index futures
Hong Kong’s stock exchange is set to list its first stock index futures contract which tracks the performance of firms listed in Hong Kong and on the A-share markets. Markets…
Hong Kong taxi licences hit record high of almost US$1m
Allan Shek, the owner of a shop selling gold and jade jewellery, says he has made millions on the side by riding wild swings in the stock market and by…
HKEx keen to lure smaller Chinese firms
Hong Kong Exchanges and Clearing welcomes more small and medium-sized mainland enterprises to list in the city, chief executive Charles Li Xiaojia said as HKEx celebrated 20 years of H…
China broker GF Securities pays US$36.1m for Natixis trading unit
One of China’s top securities brokers has bought the London-based commodities trading unit of French bank Natixis, in the latest move by Chinese institutions to expand into natural resources markets.…
Hong Kong fund houses face staffing issue in China sales push
The planned mutual recognition scheme comes as big news for the fund industry as it means Hong Kong’s players, which traditionally serve the city’s seven million population, now have access…
Chill grips market as bankers brace for tougher rules
Once upon a time, in very different market conditions, a firm called China Metal Recycling went public. It was 2009, and the offer price had been set at HK$ 5.18 a…
