Hong Kong Financial News

BEIJING — Chinese IPOs in the U.S. and Hong Kong are set to increase next year, analysts said, as some high-profile listings outside the mainland this year raise investor optimism over profitable exits.

The U.S. Treasury Department, seeking to keep the Chinese military from gaining an edge in advanced technologies, issued a rule Monday to restrict and monitor American investments in China in artificial intelligence, computer chips and quantum computing

Asian shares rose, as the yen dipped in the midst of political uncertainty after Japan’s ruling party lost its majority in Parliament’s lower house in weekend elections

Asian stocks are mostly higher aside from in Japan, where investors are awaiting the outcome of an election on Sunday

Subscribe to enjoy similar stories. To call Apple a corporate behemoth is to be uncharitable. It is much bigger than that.

interest rate cuts. Stocks moved between losses and gains in Japan and South Korea, with those in Australia modestly higher. Futures pointed to gains in Hong Kong. US contracts were flat after the S&P 500 closed little changed. Treasury 10-year yields hovered near 4.2% after topping that level for the first time since July.

As part of a sweeping swathe of reforms spearheaded by the group's new CEO Georges Elhedery, HSBC will operate through four business divisions with clear lines of responsibility, one is which will be the international wealth and premier banking division.  The business will bring together its premier banking-focussed businesses outside of Hong Kong and the UK, its global private bank, and wealth manufacturing businesses, asset management and insurance, the lender said in a stock exchange notice today (22 October). These changes are set to come into effect from 1 January 2025. HSBC w...

Global shares are mostly lower in cautious trading ahead of earnings reports around the globe

Ruholamin Haqshanas is a contributing crypto writer for CryptoNews. He is a crypto and finance journalist with over four years of experience. Ruholamin has been featured in several high-profile crypto...

HSBC on Tuesday named veteran insider Pam Kaur as its first female finance chief and announced a major overhaul comprising a new geographic setup and four consolidated business units.

Federal Reserve rate cuts. Shares in Australia, Japan, and South Korea all fell, while futures for benchmarks in Hong Kong pointed to losses. That’s after equities in the US dropped from nearly overbought levels, following a relentless advance to all-time highs.

Mumbai: SoftBank Investment Advisers co chief executive Alex Clavel rates India among its top performing markets, on the back of a spree of public listings by its portfolio firms. “India is the world’s most successful IPO market of 2024,” he said during an exclusive interaction with ET at SoftBank’s office in Mumbai. “Others, including the US, haven’t seen as many IPOs, even outside of tech.” Clavel took over his new role at the Japanese conglomerate a year ago, jointly leading its investing vehicle SoftBank Vision Fund ( SVF) with Rajeev Misra. While Clavel spearheads SVF-II, Misra who stepped away from day-to-day operations in 2022 and later launched One Investment Management, oversees legacy investments from SVF-I. Clavel’s ascension coincided with a tightening of the ship at the Masayoshi Son-founded group after years of exuberance, amid a broader reset in the technology investing world.

Asian shares are mostly higher after U.S. stocks rose to records to close out their latest winning week

Around 20 companies from Asia Pacific are listing shares next week in deals that may raise as much as $8.3 billion, the biggest weekly volume since April 2022, according to data compiled by Bloomberg. The heavy supply includes deals from China, India and Japan, underscoring the broad revival in share sales across the region.

China has reported that its economy expanded at a slower-than-expected rate of 4.6% in the July-September quarter

China has announced it will expand the amount of financing available for housing projects on a “white list” to 4 trillion yuan ($562 billion), seeking to reverse a slump in the property industry

Shares are mostly higher in Asia after U.S. stocks rose following better-than-expected profit reports from Morgan Stanley, United Airlines and other big companies

Subscribe to enjoy similar stories. McKinsey is overhauling its China business after cutting back on government-linked clients and reducing the unit’s workforce by nearly 500 people, about a third of the total. To reduce security risks associated with doing business in China, the U.S.-based consulting firm has been separating its China operations from other global operations, people familiar with the matter said—a practice increasingly popular among multinational companies.

Hong Kong’s leader has announced a cut in liquor taxes as the Asian financial hub hopes to revive its reputation as a travel destination with a vibrant nightlife and dining scene

Subscribe to enjoy similar stories. Alibaba and search-engine giant Baidu are investing in a nearly $700 million equity offering by a Chinese smart-driving firm, indicating rising demand for assets in the rapidly growing market for autonomous driving. Horizon Robotics, which is planning to raise as much as 5.41 billion Hong Kong dollars through an initial public offering, equivalent to $696.6 million, will begin taking orders from institutional investors starting Wednesday, it said in a filing.

Equity benchmarks in Sydney, Tokyo and Seoul all fell, while contracts pointed to declines in Hong Kong. S&P 500 futures were little changed after the benchmark slid 0.8% on Tuesday. Treasuries were steady while oil clawed back some gains in early trading after plunging Tuesday.