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09.04.26 - 11:06
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Citic tops Asia-Pacific banking fees as mainland China and Hong Kong IPOs surge (SCMP)
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Investment banking fees across Asia-Pacific excluding Japan reached US$5.3 billion in the first quarter of 2026, with China's Citic Securities ranking as the region's top earner.
The total in the first three months fell 5 per cent from a year earlier, as growth in equity capital markets underwriting was offset by weaker debt capital market and mergers and acquisitions (M&A) activity, according to an LSEG Data and Analytics report on Thursday.
Helped by strong fees from its bond underwriting......
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09.04.26 - 08:06
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Operator of Yiwu market, former mecca of global consumer goods trade, eyes Hong Kong IPO (SCMP)
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Zhejiang China Commodities City Group, operator of the marketplace that was once the epicentre of global consumer goods trading, is planning an initial public offering (IPO) in Hong Kong to support overseas expansion, as the wave of mainland firms looking to raise funds in the city continues.
The state-owned company, which runs the Yiwu international trade market in east China's Zhejiang province, said in a filing to the Shanghai Stock Exchange on Wednesday that a share sale in Hong Kong would......
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09.04.26 - 07:12
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Hangzhou ′Six Little Dragons′ member Manycore seeks US$130m from Hong Kong IPO (SCMP)
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Manycore Tech, a spatial design software developer and one of Hangzhou's fast-rising “Six Little Dragons”, launched its Hong Kong initial public offering (IPO) on Thursday, aiming to raise about HK$1.02 billion (US$130 million).
Manycore is issuing about 161 million shares, of which 90 per cent have been set aside for institutional investors and the rest for retail investors in Hong Kong.
The shares are priced between HK$6.72 and HK$7.62 each, valuing the company at between HK$11.4 billion and......
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08.04.26 - 18:00
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AI in action drives Hong Kong tech fairs (SCMP)
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[The content of this article has been produced by our advertising partner.]
More than 100 robots will roll, glide and gesture their way into Hong Kong this month as two of the city's biggest technology trade fairs open with a heavy focus on AI in action. From humanoid machines and health devices to smart-home systems and low-altitude applications, this year's InnoEX and Hong Kong Electronics Fair (Spring Edition) will offer a glimpse of AI as a commercial proposition through products that......
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08.04.26 - 12:36
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More global firms eye Hong Kong for cheaper yuan loans, bonds: StanChart (SCMP)
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More companies are using Hong Kong as a platform to tap yuan funds to finance their operations, thanks to the city's active capital market and a new 200 billion yuan (US$28.68 billion) liquidity facility that provides steady, cheap yuan funding, according to a Standard Chartered report on Wednesday.
Among companies that have yuan exposure, about 24 per cent said they would like to increase yuan financing over the next three years, according to Standard Chartered, citing the results of a survey......
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08.04.26 - 08:54
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China′s Sigenergy Technology seeks US$561.6 million from Hong Kong IPO (SCMP)
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China's fast-growing energy storage sector is drawing fresh interest from capital markets, with Sigenergy Technology becoming the latest to tap Hong Kong for funding, as companies ride a global push for renewable energy.
The Shanghai-based firm was seeking to raise about HK$4.4 billion (US$561.6 million) via an initial public offering (IPO), according to its prospectus on Wednesday, as investor appetite builds around battery storage and smart energy systems that complement solar and electric......
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08.04.26 - 05:00
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Hong Kong stocks jump as risk appetite returns after US and Iran agree on ceasefire (SCMP)
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Hong Kong stocks surged alongside other markets in Asia on Wednesday, as the US and Iran struck a two-week ceasefire, reviving demand for risk assets that was pummelled by surging oil prices and fear of global stagflation.
The Hang Seng Index rose 2.7 per cent to 25,801.54 points as of 10.38am local time, reopening trading after three days of public holidays. The mainland's CSI 300 Index climbed 1.7 per cent and the Shanghai Composite Index added 1 per cent.
The tentative ceasefire came just......
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08.04.26 - 02:00
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Barclays boosts Hong Kong presence to tap thriving IPO market, global CEO says (SCMP)
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UK lender Barclays plans to continue growing its investment bank in Hong Kong, using the city as a platform to capture the growing fundraising needs in Asia and the rising opportunities from the internationalisation of the yuan, according to its global CEO.
“Asia and Hong Kong are very important areas for us,” said C.S. Venkatakrishnan, global CEO of Barclays, in an interview with the South China Morning Post during a recent visit to the city. “In Hong Kong, our investment banking team is......
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08.04.26 - 01:18
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Sold-out auctions suggest Hong Kong′s art market is back. But is it? (SCMP)
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White gloves are traditionally given to an auctioneer if every single lot in a sale finds a buyer, a ceremonial touch that adds to the drama of these infrequent events. In March, during Hong Kong art week, the city saw two “white glove” auctions, which certainly raised hope that its multi-year auction market slump is finally over.
The first of these milestone events occurred on March 27, when Christie's 20th/21st Century Evening Sale was 100 per cent sold. The auction was led by Gerhard......
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07.04.26 - 13:36
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Chinese AI glasses maker Rokid planning Hong Kong IPO: sources (SCMP)
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Rokid, a Hangzhou-based maker of smart glasses, is preparing to file for a Hong Kong listing as early as the end of April, according to sources familiar with the matter, as artificial intelligence-powered eyewear gains traction in the mainstream market.
The planned listing comes as global and domestic technology groups including Meta Platforms and Apple, as well as China's Alibaba Group Holding – through the brand name Quark – Baidu, Xiaomi and Huawei Technologies, all rush into the market.......
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07.04.26 - 07:30
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Hong Kong property launch sees brisk sales as buyers unfazed by Trump′s Iran warning (SCMP)
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Hong Kong homebuyers flocked to the second round of new flat sales at the La Mirabelle I project in Tseung Kwan O, underscoring continuing demand for property amid escalating tensions in the Middle East.
By noon, 72 of the 168 units had been sold, according to agents. Another 86 flats have been made available via tender.
The flats via the regular sale were priced between HK$5.93 million (US$756,000) and HK$8.99 million, including maximum discounts of 15 per cent. They were priced 1 per cent......
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