Hong Kong


China services hit 10-year high as economy shakes off pandemic 

China services hit 10-year high as economy shakes off pandemic

(ATF) Services in China continued its expansion in November as a key purchasing managers index (PMI) hit a 10-year high, according to data released on Thursday.The Caixin China General Services Business Activity Index, a snapshot, rose to 57.8 in November from 56.8 the previous month, hitting the second-highest level since …

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Evergrande Property Services fades on debut amid concerns over debt

Evergrande Property Services fades on debut amid concerns over debt

(ATF) Shares of Evergrande Property Services fell on their Hong Kong debut on Wednesday, as concerns over its parent company's massive debts rattled investors.The stock opened at HK$8.84 per share, a 0.45% premium to the HK$8.80 initial public offer price, but slipped to HK$8.65 before closing 0.2% down at HK$8.78. …

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Stock Connect set to include STAR Market stocks

Stock Connect set to include Star Market stocks

(ATF) The stock exchanges in Hong Kong, Shanghai, and Shenzhen have reached an agreement to allow stocks on Shanghai Stock Exchange’s Sci-Tech Innovation Board (STAR Market) as well as pre-revenue biotech companies listed in Hong Kong to be eligible for trading via the Stock Connect scheme.The expansion arrangements are aimed …

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Supporting Hong Kong’s businesses and households in new normal  

Supporting Hong Kong’s businesses and households in 'new normal'  

(ATF) In Hong Kong, the transition from face-to-face to contactless interactions has been swift and widespread as a result of the Covid-19 pandemic.The so-called “new normal” economic activities such as online shopping, digital payments, and remote working have accelerated as consumers and businesses adapt to the new environment. As a …

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Four private investing lessons from public pandemic policies

Four private investing lessons from public pandemic policies

(ATF) Managing a public pandemic policy involves many of the same skills as managing a private investment portfolio. Both require good data, a solid understanding of probability and statistics, and the ability to make decisions and implement actions that will measurably improve your results. In this article, I share just …

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Rethinking Asian tourism for the pandemic era

Rethinking Asian tourism for the pandemic era

(ATF) From a “staycation” in a five-star hotel to a “flycation” with views of Victoria Harbour, Hong Kong’s tourism industry is getting creative with ideas to generate business from potential local customers who have been unable to travel due to the coronavirus pandemic."We have a better environment and more social …

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Hong Kong set to be world's biggest SPAC market outside US  

Hong Kong set to be world's biggest SPAC market outside US  

(ATF) Financially, 2020 is likely to be widely remembered as the year of the special purpose acquisition corporation, and for good reason, as at least 182 SPACs have filed for an initial public offering, raising a total of $65.7 billion.This figure represents more than 90% of total IPOs filed in …

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TikTok peer Kuaishou files for Hong Kong IPO

TikTok peer Kuaishou files for Hong Kong IPO

(ATF) China’s second largest online short-video company Kuaishou Technology, which is a TikTok equivalent, filed for a Hong Kong initial public offering (IPO) on Thursday that could raise up to $5 billion.The Tencent-backed start-up operates its eponymous app in China and overseas equivalents Kwai and Zynn. Its listing plans come …

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Ant IPO may be delayed six months, chairman says

Ant IPO may be delayed six months, chairman says

(ATF) Jing Xiandong, the executive chairman of Ant Group, told an emergency executive meeting on Tuesday night that the company’s Initial Public Offering is “conservatively estimated” to have been set back by at least six months.Tencent News reported that Jing – also known as Eric Jing – called for the …

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Ant Group 'gets nod' for HK leg of $35bn dual listing

Ant Group gets nod for HK leg of $35bn dual listing

Ant Group has won approval from China's securities regulator for the Hong Kong leg of its roughly $35 billion dual listing, sources have told news agencies.The fintech giant plans to list in both Hong Kong and on Shanghai's STAR Market in an initial public offering (IPO) early next month that …

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