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05.06.26 - 17:01
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Goldman, JPM Block China, Hong Kong Investors From SpaceX IPO (ZeroHedge)
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Goldman, JPM Block China, Hong Kong Investors From SpaceX IPO
SpaceX's institutional roadshow kicked off Thursday, with JPMorgan CEO Jamie Dimon hosting a "live interactive discussion" for ultra-wealthy clients across 90 JPM locations in 26 states. Shortly after, SpaceX's IPO slide deck was made public, likely in a bid to supercharge retail demand for what could be the largest public listing in history. However, one key investor pool appears to be shut out: China and Hong Kong.
Bloomberg News reports that SpaceX's underwriters have blocked investors in China and Hong Kong from participating in the company's planned IPO, citing regulatory and compliance concerns.
Goldman Sachs and JPM, the lead banks managing the $75 billion offering, instructed syndicate members not to accept orders from China- and Hong Kong-based customers, including private banking clients.
In total, SpaceX plans to sell about 555.6 million shares at a price of $135 per share, which would net the space, rocket, AI, and d...
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05.06.26 - 12:48
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Hong Kong taps banks, lawyers and crypto firms to help rewrite rules for tokenised bonds (SCMP)
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Hong Kong's de facto central bank has formed a group of industry experts to help remove legal and regulatory hurdles to tokenized bonds, as authorities seek to move beyond pilot projects and encourage wider adoption from private issuers.
The Hong Kong Monetary Authority (HKMA) said on Friday it had established a Tokenised Bond Expert Group comprising 21 institutions spanning banks, law firms, market infrastructure providers and digital asset companies to support the development of the city's......
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05.06.26 - 12:18
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Chinese, Hong Kong Investors Banned from SpaceX IPO (Bloomberg)
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Underwriters on SpaceX's $75 billion initial public offering have been told not to accept orders from investors in Hong Kong and China, due to regulatory and compliance risks related to US restrictions around the export of critical technology. Benedikt Kammel reports on Bloomberg Television. (Source: Bloomberg)...
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05.06.26 - 10:54
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Mainland China′s investors face new hurdles as Hong Kong brokers tighten rules (SCMP)
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Shenzhen-based AI engineer Sihan Wang recently decided to liquidate all holdings in his Futu Securities account, which he opened a year ago, citing concerns that escalating regulatory oversight could restrict his ability to manage overseas investments.
“I would rather step back now than risk having my funds caught up in future restrictions,” Wang said. He is now considering shifting capital into mainland-listed gold products and mutual funds.
Wang's move reflects a broader squeeze on mainland......
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05.06.26 - 08:36
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Hong Kong′s proposed bonus tax break for fund talent set to sharpen edge over Singapore (SCMP)
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Hong Kong is set to attract top global fund managers to relocate to the city, as they will no longer need to pay salaries tax on performance-linked bonuses if they meet certain criteria under a proposed law change to be submitted to the Legislative Council, according to industry sources and academia.
If passed, the measure would make Hong Kong the first major Asian financial centre to grant tax relief on such bonuses, reinforcing the city's role as the world's largest offshore wealth management......
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05.06.26 - 05:00
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Global Prosperity Summit 2026 showcases Hong Kong′s role in future-focused industries and global cooperation (SCMP)
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Hong Kong is embracing its growing role on the international stage in vital sectors driving global prosperity – a message highlighted at an annual gathering of international industry leaders, corporate executives and local policymakers who back the city's upward momentum.
The Global Prosperity Summit 2026 (GPS 2026) showcased high-stakes international dialogue over two days in Hong Kong last month for panel discussions on the city's potential across several fast-evolving and globally significant......
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05.06.26 - 01:06
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Hong Kong stocks struggle as mainland China markets ride AI wave (SCMP)
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Signs are omnipresent that mainland Chinese investors are rotating out of Hong Kong stocks and back to the onshore yuan-denominated market, as they recalibrate to add domestic exposure to the fervour surrounding the artificial intelligence buildout.
Onshore investors sold a combined HK$3.6 billion (US$459.5 million) of Hong Kong stocks through the cross-border exchange link programme in May, marking the first monthly outflow in three years, according to data from the city's......
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04.06.26 - 13:30
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CLP director Betty Yuen sells Mid-Levels flat as Hong Kong luxury market improves (SCMP)
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Betty Yuen So Siu-mai, a non-executive director of Hong Kong power company CLP Holdings, has sold a luxury flat at Mid-Levels, joining a growing number of prominent owners taking advantage of improved market sentiment to dispose of high-end properties.
Yuen sold a 1,943 sq ft home on the 11th floor of Po Garden at 9 Brewin Path for HK$51 million (US$6.5 million) in a transaction completed on Tuesday, Land Registry records showed. That translates to HK$26,248 per square foot and marks the......
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04.06.26 - 01:00
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Why China′s tighter grip on outbound capital may test Hong Kong′s housing rebound (SCMP)
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Beijing's latest efforts to tighten oversight of cross-border capital flows have sparked concerns that a reduction in mainland demand for Hong Kong homes could impact the city's recovering property market.
The debate follows a series of measures unveiled in recent weeks, including tighter scrutiny of unauthorised offshore brokers and guidelines issued to crack down on illegal cross-border fund-transfer channels.
The move has fuelled fears that mainland residents could face greater hurdles in......
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