had ranked first for the last two years by amount of money raised through IPOs. Last year, its largest listing was the Postal Savings Bank of China, which raised HK$57.6 billion during the third quarter.…
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Chinese online insurer ZhongAn raises $1.5bn in IPO
ZhongAn Online Property & Casualty Insurance’s IPO priced at the top of its range at HK$59.70 per share, according to people familiar with the deal. ZhongAn is backed by some of China’s largest online financial…
China’s insurtech ZhongAn raises $1.5bn in IPO
Internet-only insurer ZhongAn Online Property & Casualty Insurance priced its initial public offering (IPO) at the top of an indicated range, raising $1.5 billion in Hong Kong, Reuters reported on Sept. 22. ZhongAn was founded…
5 Things to Know About China’s Crackdown on Initial Coin Offerings
Unlike initial public offerings (IPOs), which require auditing and regulatory reviews … such as goods and services offered by the issuer. How popular were ICOs in China before the government crackdown? More than 100,000 investors…
The world’s first ever insurtech IPO has raised $1.5bn
It was also the biggest Hong Kong IPO since last year’s $1.9bn listing of pharma group China Resources. This also made ZhongAn’s listing the biggest financial technology offering in the Hong Kong market’s history. Read…
Hong Kong to rank third in 2017 IPO fund raising: Deloitte
Standard & Poor’s on Friday (Sep 22) slashed Hong Kong’s top-notch credit rating, a day after lowering China’s, warning of potential spillover risks the mainland’s ballooning debt pile. Hong Kong’s Initial Public Offering (IPO) market…
UK-China IP symposium highlights importance of innovation
Following on from this successful symposium, UK IPO Chief Executive Tim Moss will visit China later in the Autumn as part of continued engagement with his Chinese counterparts. ( read original story …)
Chinese Wireless Carriers Had A Good August, Led By China Unicom
August turned out to be a solid month for Chinese wireless carriers, with the three major players posting a cumulative 8.9 million new subscriber adds and about 23 million 4G additions/migrations. While China Mobile continued…
China Unicom (Hong Kong) Ltd (CHU) Stock Rating Lowered by Zacks Investment Research
Complete the form below to receive the latest headlines and analysts’ recommendationsfor China Unicom (Hong Kong) Ltd with our free daily email newsletter: China Unicom (Hong Kong) Ltd (NYSE:CHU) was downgraded by Zacks Investment Research…
Beijing’s battle to control its homegrown tech giants
After almost a year of negotiations with the government, tech companies have agreed to pump $12bn into China Unicom, a state-owned fixed-line telecoms operator that has languished in a market where the private sector has…
China operators add 23 million 4G customers in August
China Telecom attracted 2.66 million new mobile customers for a total 235.49 million at end-August. China Unicom added 2.32 million mobile billing subscribers in the month, for a total 273 million at the end of…
Perhaps Markets and Investors Should Be Cheering S&P Downgrade of China
The stock was trading down just 0.2% at $51.21, versus $55.70 when Moody’s issued its May downgrade of China. China Unicom (Hong Kong) Ltd. (NYSE: CHU) was actually positive on the day, up by 1.1%…
China Mobile eyes Brazilian mobile operator Oi
China Mobile, the world’s largest mobile operator with 874 million customers, has been negotiating with the Brazilian National Telecommunications Agency (ANATEL) for the possible purchase of Brazilian telecoms operator Oi, Brazilian magazine Exame wrote. (…
