It’s not hard to find reasons why cash is pouring into Hong Kong initial public offerings at a record pace: rock-bottom interest rates, frothy markets, pandemic boredom. ( read original story ...)
Shanghai’s cinephiles once secretly loved Hollywood. Now Chinese films dominate its silver screens
As China surpasses North America to become the world's largest box office, it is using its market power to influence Hollywood and project the Communist Party's voice. ( read original story ...)
Kuaishou’s Hong Kong IPO: Cannonball Coming!
Hong Kong IPO is reportedly now 1,204x oversubscribed by retail investors. Shares are up +142% in pre-IPO trading. Kuaishou will issue 362mm shares at an offering price of HK$115. There is chatter ... ( read original story ...)
Bank of China raises US$500 million in first offering of Yulan bonds, as Beijing seeks to tap funding in Europe
Bank of China has become the first company to sell Yulan bonds, a new debt product that links Chinese companies with global investors, as the Asian country seeks to widen its funding access amid ... ( read original story ...)
Shanghai’s bus station decorated with 100 red lanterns for upcoming holiday
A bus station on the Bund in Shanghai has been decorated with 100 red lanterns and national flags to celebrate the upcoming Spring Festival or the Year of Ox. 2021 marks the 100th anniversary of the ... ( read original story ...)
Chinese Video IPO Goes Viral With Investors
Shares in Kuaishou Technology surged in gray-market trading ahead of its Hong Kong debut, after investors placed about $370 billion of orders for the $5.4 billion deal. ( read original story ...)
Exclusive: China’s Ant to hive off credit data in revamp; sees IPO in 2 years – sources
Ant Group Co plans to spin off its consumer-credit data operations, people with knowledge of the matter said, a concession to aggressive regulators that should help the Chinese fintech giant get its ... ( read original story ...)