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 ...)
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 ...)
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 ...)
Kuaishou seen rallying 170 per cent in Hong Kong IPO windfall that Ant Group failed to deliver for retail investors
Kuaishou, Hong Kong’s hottest-ever retail stock offering, is set to hand investors a massive windfall based on pre-trading prices in the gray market, according to data published by local brokerages. ( read original story ...)
UPDATE 1-SWIFT sets up JV with China’s central bank
SWIFT, the global system for financial messaging and cross-border payments, has set up a joint venture with the Chinese central bank's digital currency research institute and clearing centre, a move ... ( read original story ...)