YST Dairy raises HK$3.29b after low-end pricing
YuanShengTai Dairy Farm, the mainland’s fourth-biggest raw milk producer, priced its HK$ 3.29 billion initial public offering near the low end of expectations, leaving some room for gains when the…
Goldman upgrades Hong Kong stocks outlook
Goldman Sachs has raised its forecast for the Hang Seng Index next year by 1,000 points following positive signs from a key Communist Party meeting in Beijing this month, betting…
Everbright ready to kick off US$2 b float
China Everbright Bank is to kick-start its US$ 2 billion Hong Kong float next week in its third attempt. The medium-sized Beijing lender’s move comes on the back of a…
Dow closes above 16,000 for first time
The Dow Jones Industrial Average closed above the psychological threshold of 16,000 for the first time on Thursday, extending a rally in which the gauge has added over 22 per…
Cinda IPO receives US$1.1 b share pledge
A group of 10 investors, including Norway’s sovereign wealth fund and Och-Ziff Capital Management Group, have committed to buy about US$ 1.1 billion into China Cinda Asset Management as part…
Chinese investors face bumpy ride from reforms
Rapid swings in Chinese financial markets in response to ambitious reform plans herald a white-knuckle year for investors, as speculation on the direction and tempo of policy pours petrol on…
China gets set to launch crude oil futures market
China is expected to launch crude oil futures in the Shanghai free-trade zone soon and invite foreign investors to trade. The move is intended to give the nation, the world’s biggest…
Stocks gain as volatility over Fed tapering eases
World shares ended a volatile week on a positive note yesterday and the US dollar reached a four-month high against the yen as worry dissipated about an end to the…
Hedge funds wooed back to Japan
Japan, a frustration for the world’s sharpest hedge fund minds for more than a decade, is proving one of the industry’s biggest winners this year. Markets & Investing feed…
