At pricing, the Beijing, China-based company commanded a market value of HK$94.3 billion ($12.0 billion). The Renaissance International IPO ETF is designed to provide investors with efficient exposure … ( read original story …)
BUSINESS
Hong Kong’s IPO market is headed for a banner 2018
KPMG said its figures were based on data as of Sept. 14 and its own estimates. China Tower’s HK$54.3 billion IPO was the third quarter’s biggest deal, and listings from so-called new economy companies ……
Week In Review: WuXi AppTec Files For $1 Billion+ Hong Kong IPO At $13 Billion Valuation
WuXi AppTec (SHA:603259) has filed for a Hong Kong IPO that is expected to raise at least $1 billion (see story). The company, China’s largest CRO/CMO, completed a $354 million IPO on the Shanghai ……
China says U.S. trying to force it to submit on trade as new tariffs kick in
China imports far less from the United States, making a dollar-for-dollar match on any new U.S. tariffs impossible. Instead, it has warned of “qualitative” measures to retaliate. Though Beijing has no… ( read original story…
China says U.S. trying to bully it into submission as fresh tariffs kick in
China imports far less from the United States, making a dollar-for-dollar match on any new U.S. tariffs impossible. Instead, it has warned of “qualitative” measures to retaliate. Though Beijing has no… ( read original story…
New U.S., China tariffs set to take effect, no compromise in sight
Though Beijing has not revealed what such steps might be, business executives and analysts say China could withhold exports of certain products to the U.S. or create more administrative red tape … ( read original…
Yen climbs as China halts trade talks with U.S.; oil rallies
Chinese Premier Li Keqiang said over the weekend China will cut import and export costs for foreign firms as it looks to promote an image of being open for business. “Our view remains that a…
Trump’s China Fight Puts U.S. Tech in the Cross Hairs
Rising prices, the industries say, will slow business growth, increase costs for consumers and put other nations, like China, in a more competitive position to dominate tech. “The tariffs affect the h… ( read original…
China’s debt rises to $2.58 trillion, but remains within official limit
China has made bond issuance the sole legal way for local governments to raise debt amid efforts to forestall a systemic financial crisis, the report said. (Only the headline and picture of this repor… (…
China approves IPO of Zhejiang-based pharmaceutical company
BEIJING, Sept. 22 (Xinhua) — China’s top securities regulator has approved an IPO application, which is expected to raise up to 600 million yuan (about 87.5 million U.S. dollars) in the A-share marke… ( read…
Walgreens Partners With Alibaba To Offer Beauty Brands On Tmall Global
The partnership will offer Boots beauty brands to more than half a billion consumers in China, including No7, Soap & Glory and Boots Cucumber. Launched in 2014, Alibaba’s Tmall platform is China’s lar… ( read…
Meituan Dianping rises on Hong Kong debut after US$4.2 billion IPO, pushes co-founder’s net worth to US$5.3 billion
The Beijing-based company, which raised US$4.2 billion in the city’s second-biggest technology initial public offering this year, opened higher and briefly touched HK$74 per share. It closed the day a… ( read original story …)
How Luxury Brands Court Cultural-Conscious Chinese Consumers
Today, smart shoppers in China want to know the artistic and cultural histories behind their favorite designs. Luxury brands are also interested in telling their stories and are now using local media … ( read…
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