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China's Crackdown Threatens Hong Kong's IPO Boom And Offshore Wealth China's latest push to choke off capital flight is starting to hit Hong Kong right where it hurts, according to a new feature from Bloomberg. For years, the city has served as the main offshore escape valve for mainland wealth — the place where Chinese founders, executives and wealthy families parked money, opened private bank accounts, bought property and set up family offices. Now Beijing is tightening that channel, raising questions about whether Hong Kong can remain Asia's go-to offshore wealth hub. Bloomberg writes that the latest measures include roughly $330 million in penalties against three brokerages widely used by Chinese investors to access offshore markets, along with tighter scrutiny of banks, trust structures and wealthy individuals moving money abroad. Advisers in Hong Kong say clients quickly began asking whether their accounts could be affected and whether more restrictions are coming. As one lawyer pu...

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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. This piece, the second in a miniseries focusing on the city's financial industry ahead of the handover anniversary, explores the likelihood of an “IPO Connect” that could inject much-needed liquidity into the market and deepen international investors' access to top-tier China assets. At every summer's Lujiazui Forum, attended by China's top financial......

Hong Kong Exchanges and Clearing (HKEX) is expanding into the index business with plans to launch more proprietary benchmarks and related investment products, as traditional market gauges have lagged regional peers during the artificial intelligence-driven technology rally. The operator of Hong Kong's stock exchange will debut the first exchange-traded fund (ETF) tracking its HKEX Tech 100 Index on Friday. The index, launched on December 9, tracks the 100 largest technology companies listed in......

Last week, while preparing a lecture on the visual culture of the Global South, I caught Google's Gemini in a double hallucination. Cross-referencing a historical event between English and Chinese data sets, I found the English AI to be authoritative but inventing citations. In Chinese, the fabrications vanished but so did global context, replaced by an insular perspective. Disturbingly, the system cloaked Chinese content in English citations, creating a deceptive authenticity that made the......

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SEOUL/TOKIO/HONGKONG/SHANGHAI (dpa-AFX) - Überragende Zahlen und ein starker Ausblick von Micron (Micron Technology) haben den technologielastigen asiatischen Aktienmärkten am Donnerstag Schwung gegeben. Sowohl ......

Hong Kong stocks fell, briefly driving the benchmark below the 23,000-point mark for the first time in a year, as technology companies led the decline The Hang Seng Index slid by as much as 1.8 per cent to 22,992.62. If the decline is sustained, the benchmark would close below the threshold of 23,000 for the first time since June last year. It recently traded at 23,024.69 as of 3:03pm local time. On the mainland, the CSI 300 Index closed up 1.56 per cent. Alibaba Group Holding slumped 4.2 per......

Circuit Fabology Microelectronics Equipment (CFMEE), a Chinese lithography and integrated-circuit manufacturer, has seen massive oversubscription in Hong Kong, as investors aggressively chase high-growth technology themes. The company, based in Hefei, Anhui province, is scheduled to debut on Friday and saw its initial public offering oversubscribed 1,009 times, according to industry sources. It is priced at the top end at HK$252.73 (US$32.23) per share, as the market eagerly watches its......

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Hong Kong has been seizing every opportunity to consolidate its role as a global financial centre, leveraging unique advantages and national strategies. In the first piece of our miniseries focusing on the city's financial industry ahead of the handover anniversary, we examine what Shanghai's rapid development of offshore markets means to Hong Kong. Beijing's latest push to strengthen Shanghai's offshore financial capabilities is prompting fresh questions about whether Hong Kong's long-standing......

The Hong Kong dollar is heading toward the weak end of its fixed trading range as multi-year low volatility and cheap borrowing costs make it easier for traders to short the currency against the greenback....

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Southbound Stock Connect flows, through which mainland Chinese investors buy Hong Kong listed shares, hit a record high in the past year, reflecting strong confidence in the city's market on the back of a booming pipeline of initial public offerings (IPO). In the 12 months to March this year, mainland investors snapped up HK$1.19 trillion (US$151.8 billion) worth of shares in Hong Kong, according to the Securities and Futures Commission's (SFC) annual report published on Wednesday. Average daily......

Hong Kong's overall prime office vacancy rate fell to a seven-month low in May, driven by spillover demand from Central, where premium offices were close to full occupancy, according to JLL. With Central's grade A office vacancy rate holding steady at 9.2 per cent, tenants appeared to have found their way to neighbouring Wan Chai and Causeway Bay. Vacancy there edged down to 9.8 per cent in May from 10.4 per cent in April, the lowest in 10 months, the property consultancy said in its latest......

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The president of a Shanghai-listed mining company has been identified as the buyer of a luxury house in Hong Kong's Stanley district, paying HK$220 million (US$28 million) for a receiver-owned property, as lenders accelerate the disposal of distressed assets and wealthy mainland Chinese buyers return to the market. Land Registry records showed a house at 33 Tung Tau Wan Road changed hands on June 1, with the purchaser registered as Permanence International Hong Kong. Company Registry filings......

Hong Kong's finance chief says the city is planning new measures to boost offshore yuan trading, days after mainland Chinese authorities took steps to spur such trading in Shanghai. The initiatives will be announced next month, Financial Secretary Paul Chan Mo-po said in an interview with the South China Morning Post published on Monday. He declined to elaborate on the new measures. Hong Kong also wants to see more companies offering yuan-denominated shares on the city's stock exchange, Chan......

Luxshare Precision Industry, a key player in Apple's AirPods and iPhone supply chains, passed a listing hearing for the Hong Kong Stock Exchange (HKEX), joining a wave of mainland Chinese technology manufacturing giants seeking diversified capital in the city. The Shenzhen-listed firm cleared the regulatory hurdle for a Hong Kong listing on Tuesday, days after receiving a greenlight from the China Securities Regulatory Commission for the offshore plan. The deal counts Citic Securities, Goldman......