IPO proceeds in Hong Kong fell 35 per cent to US$1.5 billion in the first half, but a surge is in progress, according to KPMG and EY.
BUSINESS
Hong Kong IPOs: ‘new-found positivity’ after slow first half of 2024 as deal pipeline fills
IPO proceeds in Hong Kong fell 35 per cent to US$1.5 billion in the first half, but a surge is in progress, according to KPMG and EY.
Chinese ride-hailing giant Didi Chuxing says it has no timetable for Hong Kong IPO
Chinese ride-hailing giant Didi Chuxing, whose New York initial public offering (IPO) in 2021 triggered a cybersecurity investigation by mainland authorities that led to its delisting and a $1.2 …
German economy minister’s China trip features low-key business delegation amid EV clash
German renewables firm Enpal and metal processing group Schoder will be among the companies joining Economy Minister Robert Habeck’s trip to China later this week, suggesting a low-profile delegation …
China halts urea exports to Korea, limited impact expected
China has halted customs procedures for exports of urea to Korea, but the Energy Ministry expects the move to have a limited impact this time.
Niger stops oil exports to China over Benin disagreement
Niger has stopped oil exports to China via its pipeline to Benin’s coast, Oil Minister Mahamane Moustapha Barke Bako said, intensifying the standoff between the West African neighbours. According to …
Global aviation giants hope Beijing business is unscathed by China-EU trade rows
During Eurosatory, one of Europe’s largest defence exhibitions in Paris, Emmanuel Huberdeau, spokesman for Airbus Helicopter, said it was hoped his company’s business in the Asia-Pacific, including China, would not be significantly affected by the…
China May crude steel output jumps on improved demand, strong exports
China’s crude steel output in May climbed 8.1% from the previous month and was up 2.7% from the year before, statistics bureau data showed on Monday, thanks to improved domestic demand and robust exports. The…
China May crude steel output jumps on improved demand, strong exports
China’s crude steel output in May climbed 8.1% from the previous month and was up 2.7% from the year before, statistics bureau data showed on Monday, thanks to improved domestic demand and robust exports. The…
Beijing Exchange Starts Approving New Listings Again After Over Four-Month Hiatus
The last time the BSE approved an IPO was on Feb. 6, when Tongguan Mines Construction passed its review. The bourse suspended reviews mainly due to the new regulations introduced by China’s cabinet in …
Hong Kong’s SFC Kicks out All Unlicensed Crypto Exchanges
Hong Kong’s Securities & Futures Commission (SFC) has required all unlicensed virtual asset trading platforms (VATPs) to exit the city starting tomorrow, June 1, 2024. SFC states, “All VATPs operating …
China now has 500 warheads and is building its nuclear arsenal faster than any other country, think tank says
China increased its nuclear warheads from 410 in 2023 to 500 at the start of 2024, per the Stockholm International Peace Research Institute.
Four Car Brands You’ll Be Surprised To Know Come From China
It’s no secret that many automotive brands are owned by just a few companies, but you might be surprised to learn that some are owned by the Chinese.
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