After a surprise IPO suspension, Ant Group will soon refund retail investors in Shanghai who had bid a total $2.8 trillion on its public offering. ( read original story ...)
HSBC, Bank of China (HK) pocket up to US$3.2 million in fees from Ant’s IPO loans, even as brokers waive charges on halted stock sale
HSBC and Bank of China (Hong Kong), two of the biggest margin lenders for Ant Group's suspended initial public offering (IPO) in Hong Kong, will pocket up to HK$25 million (US$3.2 million) in interest ... ( read original story ...)
Asia-Pacific Shares Rise Ahead of US Election Results Led by Surge in Hong Kong, South Korea
Hong Kong’s Hang Index soared to its highest close in more than three months on Thursday and China A-shares gained. ( read original story ...)
UPDATE 1-Hang Seng notches 16-week closing high as Biden odds improve; Shanghai up
Hong Kong’s Hang Seng Index soared to its highest close in more than three months on Thursday and China A-shares gained as U.S. election results showed a firming lead for Democratic challenger Joe ... ( read original story ...)
Ant Group fiasco reflects battle for China’s financial soul
SHANGHAI, Nov 5, 2020 (AFP) – China’s last-minute abandonment of Ant Group’s record-breaking IPO stems from an intensifying battle for the soul of the nation’s financial system that the fintech giant ... ( read original story ...)
Inspections of online IPR to be strengthened in Shanghai’s Pudong New Area
The Pudong New Area in Shanghai will strengthen the inspection of infringement of online intellectual property rights and gather global IP services providers at a new hub port to better protect IPR of ... ( read original story ...)
Ant march halted: What Ma’s frozen IPO says about China business
Ant saw its $35bn IPO suspended after its co-founder seemed to criticise the Chinese government’s economic road map. ( read original story ...)