Two of Hong Kong’s largest initial public offerings of the year dropped on their first day of trade in the city on Thursday.
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China Vanke unit Onewo stock to fall 7.5% in Hong Kong trading debut
China Vanke unit Onewo Inc shares are set to fall 7.5% on Thursday from their IPO price as the property services company makes its trading debut on the Hong Kong Stock Exchange.
1IMAB : Hony Capital Switches SPAC IPO Focus from U.S. to Hong Kong
Everest Acquisition Corporation, a SPAC co-funded by Hony Capital and ABCI Capital, applied to list in Hong Kong with the aim of acquiring companies in the healthcare, consumer goods and green sectors …
Merck agrees to allow Sinopharm to sell molnupiravir COVID drug in China
Drugmaker Merck & Co said on Wednesday that it agreed to allow China’s Sinopharm to distribute and import its COVID-19 antiviral molnupiravir in China if the drug is approved for use there.
‘Stock Advisor’ JF Wealth Defies Market Basics with Ill-Timed IPO Bid
Online investment advisor JF Wealth has filed for a Hong Kong IPO, deriving most of its revenue from high-end education and content services The company faces mounting headwinds from rapidly growing s …
China’s EV Brands Could Hit Speed Bumps in Europe
The likes of BYD and NIO are gearing up to enter Europe’s biggest markets. Strong supply chains will help, but they will face plenty of challenges too.
ByteDance Said to Launch Up to$3 Billion Buyback as IPO Plan Put on Hold
ByteDance is planning to spend up to US$3 billion to buy back shares from existing shareholders at a price of no more than US$177.00 apiece, multiple media outlets at home and abroad cited a memo…
China’s labeling regulations still causing problems for seafood sector
Chinese Customs Decrees 248 and 249, implemented at the beginning of this year, requires food imported into China to have Chinese-language labeling and identifiers inside and outside of packages.
China used ‘double-crossing companies’ to steal U.S. national security research
While the federal government invests heavily in research, it’s actually China that gets more out of it, according to a Defense Department study of its spending that is getting attention on Capitol …
China may extend refined fuel export quota into next year – sources
China may tweak a proposed sharp increase in refined fuel export quotas for this year by extending the plan into next year, as it weighs the benefits to the economy of higher exports against low…
China’s Economic Roundup for August 2022
China’s economic indicators for August 2022 beat expectations … A recent Reuters forecast predicted that property sales would fall by 24.5 percent in 2022. On the other hand, export growth slowed to …
How China is embracing web3: marketing to gen Z on the Chinese metaverse
With the dawn of web3 and more brands making metaverse plays, China is proving to be fertile ground for NFTs and virtual experiences.
Hong Kong’s largest IPOs for 2022 set to open in the red on Thursday
Chinese electric vehicle maker Zhejiang Leapmotor Technology and China Vanke , unit Onewo Inc shares, two of Hong Kong’s largest inital public offerings (IPO) of 2022, are set to open in the red, …
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