Just a few years ago, lucrative business prospects in China on the back of a booming economy led to a scramble among Western financial firms, from investment banking to asset management, to expand ... ( read original story ...)
Is the tea bubble bursting? ChaPanda shares plunge in Hong Kong IPO
Shares in Chinese bubble tea chain Sichuan Baicha Baidao failed to pop during their market debut Tuesday, tumbling as much as 38% from their listing price. ( read original story ...)
Hong Kong’s biggest IPO of 2024 flops
Hong Kong’s stock exchange is ranked 10th on the LSEG’s global IPO stock exchange rankings in the first quarter, behind Mumbai and Shanghai, despite listings on the mainland also collapsing to record ... ( read original story ...)
Chinese bubble-tea maker Chabaidao sinks 27% on Hong Kong debut as investors offload shares in biggest IPO of the year
Chabaidao's shares closed the day at HK$12.80 after slumping as much as 38 per cent in intraday trading China's third-largest tea drinks chain raised about HK$2.6 billion (US$331.7 million) from the ... ( read original story ...)
Shanghai interbank offered rate rises modestly on Tuesday
On Tuesday, the Shanghai Interbank Offered Rate (Shibor), a key indicator reflecting the borrowing costs within China's interbank market, saw a modes ... ( read original story ...)
China details regulations on non-bank payment institutions
In recent years, China has witnessed remarkable growth in its non-bank payment industry. Data shows that over 1 trillion transactions are made in the country via non-bank payment institutions annually ... ( read original story ...)
Chinese market regulator CSRC’s support will divert scores of mainland firms’ IPOs to Hong Kong, analysts say
Some mainland companies with strong fundraising needs may opt to transition their listing plans to Hong Kong, according to Deloitte's Edward Au Central government is asking mainland's leading ... ( read original story ...)