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29.08.25 - 11:12
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FWD profit jumps 15 times on sales spike, lower costs after Hong Kong IPO (SCMP)
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FWD Group, a regional insurer founded by Hong Kong billionaire Richard Li Tzar-kai, said its first-half net profit jumped 15 times on strong sales growth and one-off cost reductions.
In the first results since FWD's HK$3.61 billion (US$466 million) initial public offering (IPO) in July, net profit soared to US$47 million from US$3 million a year earlier, the company said on Friday. The insurer said it would not pay an interim dividend.
Driving the profit increase, annualised premiums from new......
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27.08.25 - 13:06
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Lidar sensor maker Hesai Group gets regulatory approval for Hong Kong IPO (SCMP)
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Hesai Group, one of the world's largest makers of automotive Lidar sensors, received the green light from China's securities regulator to sell new shares in Hong Kong.
The Shanghai-based company plans to issue up to 51.24 million shares on the Hong Kong stock exchange, according to a filing with the China Securities Regulatory Commission (CSRC) on Tuesday.
The filing confirmed that the CSRC reviewed and acknowledged Hesai's materials, without disclosing the fundraising size and timetable for......
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23.08.25 - 04:06
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Hong Kong tops the US as IPO venue for Chinese start-ups (SCMP)
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In the first of a two-part series about Hong Kong's market for initial public offerings, Zhang Shidong and Ao Yulu report that more Chinese companies opted to list in Hong Kong in the first eight months of 2025 than in New York.
Hong Kong has overtaken the US as the new listing venue for Chinese companies, marking a major milestone for the world's fourth-largest capital market after a decade of betting on its growth in its much larger and stronger hinterland.
As many as 46 China-domiciled......
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21.08.25 - 16:06
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Kuaishou to pay first dividend since Hong Kong IPO as AI tools lift results (SCMP)
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Kuaishou Technology on Thursday declared a special dividend totalling HK$2 billion (US$256 million), marking the first time China's No 2 short video app operator will make such payment since its US$5.4 billion Hong Kong listing in 2021.
The Beijing-based company said it would pay a special dividend of HK$0.46 per share after reporting better-than-expected financial results in the second quarter, driven by gains made from its artificial intelligence tools, according to its filing. Dividend......
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21.08.25 - 06:06
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Alibaba to spin off Banma self-driving business via Hong Kong IPO (SCMP)
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Alibaba Group Holding plans to spin off its Banma Network Technology unit, as one of China's largest technology behemoths moves ahead with a separate listing for its autonomous driving unit to raise capital.
Alibaba has received an initial go-ahead from the Hong Kong stock exchange for Banma's proposed initial public offering (IPO), the company said in a statement on Thursday. The stake held by the Hangzhou-based conglomerate in Banma will drop to 30 per cent from the current 44.72 per cent......
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19.08.25 - 14:12
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Shein mulls China return for Hong Kong listing after London IPO stalls (The Guardian)
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Fast-fashion retailer considered £50bn float in London but has not received backing from Chinese authoritiesBusiness live – latest updatesThe online fast-fashion retailer Shein is understood to be considering moving its base back to China from Singapore in a move expected to pave the way for a Hong Kong listing rather than a UK one.The business, which was founded in China and moved its headquarters to Singapore in 2022, had been considering a £50bn float in London after failing to win approval from regulators in the US for a New York flotation. Continue reading......
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19.08.25 - 08:00
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Apple supplier Luxshare joins mainland tech firms seeking Hong Kong IPOs (SCMP)
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Apple supplier Luxshare Precision Industry has filed for a Hong Kong initial public offering (IPO), joining a wave of mainland Chinese technology firms seeking to raise funds in the world's top listing destination this year.
The Shenzhen-listed company, which makes AirPods, iPhones and the Vision Pro headset, hired Citic Securities, Goldman Sachs and China International Capital Corporation as joint sponsors, according to a filing on Monday.
Luxshare, which unveiled its secondary listing plan in......
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11.08.25 - 02:36
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Hong Kong′s IPO rules spark debate over retail vs institutional investors (SCMP)
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Hong Kong Exchanges and Clearing's (HKEX) latest listing rules on distributing shares in popular initial public offerings (IPOs) are expected to draw more institutional investors and family offices but curb retail participation, according to industry players.
The rules, which came into effect on August 4, mandate that IPO candidates allocate at least 40 per cent of the shares to institutional investors involved in bookbuilding – up from no guaranteed allocation previously.
The rules have reduced......
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10.08.25 - 05:36
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Yuanhua eyes Hong Kong for assembly plant, IPO in overseas surgical robot push (SCMP)
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Shenzhen surgical robot start-up Yuanhua Tech plans to set up an assembly facility in Hong Kong to grow overseas sales and aims to float shares on the city's bourse to fund development, according to its founder.
In 2022, the company received approval from China's National Medical Products Administration to sell self-developed orthopaedic robot systems for total and partial knee and hip joint replacement surgeries, founder and chairwoman Li Aili said in an interview.
She expected that the firm,......
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