Bloks Group is looking to raise as much as HK$1.46bil (US$188mil) in a Hong Kong initial public offering (IPO), as the Chinese toy maker aims to ramp up product development and output, while cashing ... ( read original story ...)
China’s Benchmark Index Posts First Annual Gain Since 2021
Chinese shares ended lower, with the benchmark Shanghai Composite Index recording an annual gain of 13% following a two-year decline. Energy and telecom stocks led the gains, with CSI Solar and ENN Natural Gas rising by 3. ( read original story ...)
Stock Market Today: S&P 500 cements biggest 2-year gain since late ’90s
The S&P 500 logged another year of double-digit gains, up 23.3% to end at 5,881.63. The large-cap index built on a gain of over 24% last year, logging its best two-year performanc ( read original story ...)
Banks fined big as China’s bond yields plunge, reflecting resolve of central bank
Three institutions are slapped with multimillion-dollar penalties for bypassing regulatory requirements – the first such action taken after PBOC warnings this year. ( read original story ...)
Stock market today: Global shares trade mixed as some markets are closed on New Year’s Eve
Global markets shares were mixed on Tuesday, with trading closed in Tokyo and Seoul for New Year holidays. France's CAC 40 rose nearly 0.1% to 7,307.87, while Britain's FTSE 100 was little changed at ... ( read original story ...)
Standard Chartered Executive Reflects on 20 Years of Shanghai’s Financial Reforms
As of October 2023, a total of 1,110 overseas institutions had entered China's bond market. By last August, foreign investors collectively held around CNY4.6 trillion (USD630.3 billion) in Chinese ... ( read original story ...)
A better year expected for IPO bankers as Hong Kong claws its way back into top 10 markets
After a satisfying year for investment bankers in Hong Kong, who helped lift the city back into the top 10 ranking in initial public offerings (IPOs) worldwide, the new year could be merrier as Hong ... ( read original story ...)