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30.06.26 - 05:06
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Funding option: royalties giant opens Hong Kong base as mainland China biotech deals surge (SCMP)
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The world's largest buyer of biopharmaceutical royalties has set up its first Asia-Pacific base in Hong Kong, joining a string of multinational corporations in the pharmaceutical sector establishing offices in the city as out-licensing deals by mainland Chinese biotechnology firms hit record highs.
Royalty financing gives drug developers an alternative way to raise capital even as US investment restrictions loom, according to an expert.
“Chinese biotech firms would need royalty financing as an......
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30.06.26 - 04:06
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Hong Kong IPOs ride China′s tech wave, but Nasdaq leads way with SpaceX tsunami (SCMP)
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Hong Kong has surrendered its IPO fundraising crown to Nasdaq following SpaceX's blockbuster listing earlier this month, but it did so while seeing its IPO proceeds register a year-on-year rise of about 84 per cent in the first half of 2026 – consolidating the region's position as a primary offshore financial hub for Chinese issuers.
A total of 83 companies raised US$26.42 billion on the Hong Kong stock exchange's main board from January to June, according to LSEG Data & Analytics. The figure,......
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30.06.26 - 02:00
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Shanghai should step up as finance hub, as Hong Kong ′not enough′, proposal says (SCMP)
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Shanghai has been urged to build itself into a hub serving the rising outbound investment needs of Chinese firms, potentially increasing rivalry with Hong Kong as both cities race to augment their status as financial centres.
The suggestion by Liu Xiaochun, vice-president of the Shanghai Finance Institute and a senior banker with three decades of experience, was made in mid-June at a closed-door meeting hosted by China Finance 40, a Beijing think tank comprising many top Chinese financial......
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29.06.26 - 09:00
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Chinese self-driving firm Momenta eyes US$750m in Hong Kong IPO (SCMP)
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Chinese self-driving technology start-up Momenta kicked off bookbuilding on Monday for a HK$5.89 billion (US$751 million) share listing on the Hong Kong stock exchange, testing market sentiment amid a sales slump in China's car industry.
The company is offering nearly 19.94 million shares at HK$295.60 per share. With 20 shares as the minimum board lot, the minimum investment is HK$5,971.62.
Sponsored by CICC and Deutsche Bank, the bookbuilding closes on Friday, ahead of a scheduled trading debut......
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29.06.26 - 08:06
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Bahrain doubles down on Hong Kong to woo mainland China capital amid Middle East tensions (SCMP)
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Bahrain has deepened its presence in Hong Kong to tap mainland China capital, as the Gulf state launches a charm offensive to court foreign investors amid the US-Israel war on Iran.
Two major Bahraini investors have already placed bets in Hong Kong to seize rising opportunities in China, while the kingdom's investment promotion agency has vowed to lure more capital with financial deregulation.
“We are here to make sure that we continue the momentum and continue the extensive engagement with......
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29.06.26 - 03:00
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Beijing′s handover anniversary policy gift to Hong Kong? It could be a ′Reit Connect′ (SCMP)
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Hong Kong is seizing every opportunity to consolidate its role as a global financial centre, leveraging unique advantages and national strategies. In the third piece of our miniseries focusing on the city's financial industry ahead of the handover anniversary, we examine the likelihood of attainable measures, such as a “Reit Connect”, being granted.
As Hong Kong marks the 29th anniversary of the handover, the city's finance sector is again watching closely for policy “gifts” from Beijing to......
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28.06.26 - 15:00
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The final insurance frontier: Hong Kong spots opportunity in mainland China′s space boom (SCMP)
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Elon Musk's recent record-breaking SpaceX IPO has thrust the space economy into the financial mainstream, but mainland China's trillion-yuan commercial space sector remains strikingly underinsured – a gap industry insiders say presents a rare opportunity for Hong Kong.
On the mainland, only third-party liability insurance is mandatory for commercial space activities. Coverage for research and development, manufacturing, testing, launches and in-orbit operations remained largely optional,......
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