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24.07.26 - 12:36
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Chinese GPU maker confidentially files for Hong Kong IPO amid fundraising wave: sources (SCMP)
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MetaX, a Chinese maker of graphics processing units (GPUs), has confidentially filed for a listing in Hong Kong, according to people familiar with the matter.
The Shanghai-based company was targeting an initial public offering (IPO) by the end of this year, according to the sources, who asked not to be identified because the information was confidential.
MetaX was working with Huatai International Financial Holdings on the potential share sale, the people said.
The company did not immediately......
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24.07.26 - 11:06
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Hong Kong exchange′s biggest reform in 8 years opens gates to more IPOs (SCMP)
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Stock exchange operator Hong Kong Exchanges and Clearing (HKEX) will allow all listing applications to remain confidential and will reduce market-capitalisation requirements for listings by start-ups and international firms immediately, it announced on Friday.
Confirming a report by the South China Morning Post, HKEX will proceed with confidential filing as it proposed in March in its biggest set of listing reforms since 2018.
The exchange will also reduce the market-cap requirements for......
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24.07.26 - 11:00
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Hong Kong insurers ride affluent demand to record sales as longevity and legacy needs grow (SCMP)
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Life insurance sales in Hong Kong rose 51 per cent in the first quarter to another record high, driven by affluent customers from mainland China and overseas buying policies for wealth transfer, protection and medical needs.
The industry wrote HK$141.1 billion (US$18 billion) in new life policies in the first quarter, compared with HK$93.4 billion a year earlier, according to data from the Insurance Authority released on Friday.
It marked the third year that first-quarter sales hit a record high......
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24.07.26 - 09:15
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Aktien Asien: Verluste vor dem Wochenende (DPA-AFX)
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SEOUL/TOKIO/HONGKONG/SHANGHAI (dpa-AFX) - Die wichtigsten asiatischen Aktienmärkte haben am Freitag deutlich nachgegeben. Dabei standen besonders die technologielastigeren Börsen unter Druck.Halbleiterwerte reagierten dabei auf die schwachen ......
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24.07.26 - 04:30
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Rare six-month office flip suggests Hong Kong′s prime market is stabilising (SCMP)
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A buyer who bought an office in a top-tier location in Hong Kong has sold it for an apparent 19 per cent gain just over six months later, a rare transaction that suggests improving conditions in the city's prime office market are beginning to reshape investment decisions.
The 5,400 sq ft office on the 37th floor of Far East Finance Centre in Admiralty changed hands for HK$108 million (US$13.8 million), or about HK$20,000 per square foot, in early July, according to market sources.
The same space......
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24.07.26 - 03:30
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Hong Kong must wake up to the cold hard geopolitics of AI (SCMP)
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Officials talking about artificial intelligence (AI) often speak in terms of the next industrial revolution or existential risks. Such rhetoric ultimately does little to capture how AI filters into the ordinary workings of a city like Hong Kong.
The geopolitics of AI are no longer abstract. They are beginning to shape who can use which tools – and on what terms.
Over the past few months, two major international banks in the city have reportedly felt the impact. Anthropic's Claude, a generative......
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23.07.26 - 13:00
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Path opened for Malaysian firms to pursue secondary share listings in Hong Kong (SCMP)
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Hong Kong is reaping rewards from a charm offensive with Malaysia as it works to enhance its attractiveness to global fundraising activities, with deals reached on Thursday during a visit to the Southeast Asian country by the city's financial services secretary.
Bursa Malaysia will become the 21st stock exchange recognised by the city's bourse operator Hong Kong Exchanges and Clearing (HKEX), clearing the way for Malaysia-listed companies to pursue secondary listings in Hong Kong, according to......
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23.07.26 - 11:06
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Zhongji sets highest subscription threshold in Hong Kong IPO history (SCMP)
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Zhongji Innolight, the largest IPO in Hong Kong in nearly seven years, has set the highest subscription threshold in the city's history, dampening retail investors' appetite, though institutional demand remains strong, with multiple oversubscriptions already placed, according to people familiar with the matter.
Priced at a maximum of HK$1,010 per share and requiring 50 shares per board lot, the minimum threshold is HK$51,009.29 (US$6505.49), making it the most expensive initial public offering......
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23.07.26 - 09:12
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Aktien Asien: Trotz Ölpreisanstieg leichte Gewinne (DPA-AFX)
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SEOUL/TOKIO/HONGKONG/SHANGHAI (dpa-AFX) - Die wichtigsten asiatischen Aktienmärkte haben am Donnerstag leicht zugelegt. Trotz weiter gestiegener Ölpreise hielten sich die Börsen in Fernost damit vergleichsweise stabil.Leichte Gewinne ......
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23.07.26 - 08:06
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Chinese funds cut Hong Kong stock holdings to 2-year low despite strong southbound flow (SCMP)
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Chinese mutual funds have reduced their Hong Kong stock holdings via the southbound Stock Connect to a more than two-year low in the second quarter, despite a lot of money moving southward over the same period.
The share of Hong Kong stocks in their portfolios fell to 23.3 per cent in the second quarter of this year, which was lower than the 23.9 per cent posted two years earlier, according to a report published by investment bank China International Capital Corporation on Thursday.
It also......
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23.07.26 - 08:06
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′A statement of freedom′: T-shirt slogan goes viral and book sales rocket in Taiwan after Hong Kong raids (The Guardian)
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Taiwanese people look on with concern at fate of Hong Kong's independent booksellers, after series of arrests in recent monthsWalking out of one of Hong Kong's last remaining independent bookstores, hands behind her back but head held high, the woman's T-shirt was emblazoned with a simple slogan: “I am a bookstore employee”.Escorted by police, the woman was among five people arrested during raids on two bookstores last week, suspected of displaying and selling publications with “seditious” content, a national security crime which carries a maximum sentence of 10 years. Continue reading......
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23.07.26 - 01:00
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Investors ′bulk buying′ flats remains key in Hong Kong amid red-hot rental market (SCMP)
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Hong Kong's bulk homebuyers are expected to remain a major force in the city's new-home market in the second half of the year, after investor purchases hit record levels in the first six months on strong rental demand.
A total of 654 buyers purchased two or more units in the primary market between January and June, acquiring 1,794 flats worth HK$17.4 billion (US$2.2 billion), according to Centaline Property.
The figures more than doubled from a year earlier and marked record highs in terms of......
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22.07.26 - 14:12
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Despite regulatory crackdown, Chinese investors look to Hong Kong, US to diversify (SCMP)
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Around half of Chinese investors with assets over HK$1 million (US$127,525) plan to increase their investments in Hong Kong and the United States over the next 12 months to diversify their portfolios, despite Beijing's crackdown on cross-border brokerages, according to a new survey.
The findings come after the DBS Treasures Affluent Investor Survey polled 1,617 individuals in Hong Kong and mainland China with at least HK$1 million or 1 million yuan (US$147,703) in assets in their respective......
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22.07.26 - 09:12
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Chinese robot maker AgiBot pursues Hong Kong IPO, hiring 3 sponsors: sources (SCMP)
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Fast-growing Chinese robot maker AgiBot is pursuing an initial public offering in Hong Kong and has hired Citic Securities as a sponsor, according to two people familiar with the matter.
Additionally, China International Capital Corporation (CICC) and Morgan Stanley have also been tapped as joint sponsors, one of the people said.
Shanghai-based AgiBot had shown signs that it was looking to list following its restructuring from a limited liability company to a joint-stock limited firm last year,......
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22.07.26 - 04:30
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Hong Kong tipped to approve hedge fund tax breaks, attracting investment, talent (SCMP)
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Hong Kong's determination to boost its role as a global wealth management hub has raised market expectation that the city will approve a bill offering tax relief to hedge funds within this year.
Speaking at a media briefing on Tuesday, Sandy Fung, KPMG China's partner of tax and alternative investments, said the bill would be passed “soon” by the Legislative Council (LegCo), the city's lawmaking body.
“The bill could attract lots of funds and related talent to settle in Hong Kong, further......
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22.07.26 - 01:36
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Hong Kong′s red-hot rental market forces students to flat-hunt as early as April (SCMP)
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Competition for student housing is intensifying in Hong Kong even as more accommodation comes onto the market, with mainland Chinese students beginning their search for a home months earlier than in previous years and landlords leaving flats vacant to capture the annual influx.
Kenny Zhang, an agent at Youhouse Property who specialises in student rentals, said inquiries from mainland students began arriving from as early as late April this year, compared with late July or August three years......
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