Retail investors have borrowed more than $50 billion to participate in Chinese toymaker Bloks Group Ltd.’s Hong Kong initial public offering, continuing to show demand for new listings. ( read original story ...)
Retail traders seek HK$451 billion for toymaker’s Hong Kong IPO
They applied to borrow HK$451 billion (S$79 billion) through brokerages to bid for the Shanghai-based company’s shares as ... Dealmakers are broadly expecting a better year for Hong Kong IPOs. Some ... ( read original story ...)
In 2024, China saw warmest year in decades, breaking records yet again
Chinese meteorological data shows 2024 was the warmest year for the country since comparable records began more than six decades ago, the second straight year in which milestones were broken. The ... ( read original story ...)
China’s top stock of 2024 is AI chip designer that bested even Nvidia
Shares of AI chip designer Cambricon Technologies have climbed 383 per cent in 2024, topping the benchmark CSI 300 Index and driving its market value to US$37 billion (S$50 billion). The ... ( read original story ...)
Chinese toy maker Bloks Group targets US$188mil IPO
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 ...)