By Selena Li and Julie Zhu HONG KONG (Reuters) -Investment banks handling the world’s largest listing so far this year are set to earn underwriting fees well below the industry norm, with advisers willing to endure skinny margins to win business following a prolonged slump in listings. Nine underwriters of Shenzhen-listed battery giant CATL are…
Hong Kong stocks rose for a fifth straight trading day on anticipation of US-China trade talks later this week, coupled with continued capital inflows into the city, which have pushed the local currency to the strong end of its trading band. The Hang Seng Index rose 1.8 per cent to 23,075.77 at 10am on Wednesday….
Apr 30, 2025 Chinese battery manufacturer CATL is poised to initiate its Hong Kong stock market debut, potentially marking the city’s most substantial share offering in four years. According to a report by Reuters, the company aims to raise at least $5 billion through this listing. The bookbuilding process, which invites bids from investors, is…
Tariffs imposed by the US have made exporting to the country “impossible” for Chinese electric vehicle (EV) manufacturers, an executive at major producer Xpeng has said during his visit to Hong Kong. But Yeqing Zheng said on Thursday that the Guangzhou-based Xpeng’s enhanced efforts to tap into other markets, which involved establishing assembly operations outside…
CATL and BYD‘s combined EV battery installed capacity in January-February was 71.5 GWh, accounting for 55.1 percent of the global total. There are six Chinese companies in the top 10. CATL (SHE: 300750) and BYD (HKG: 1211, OTCMKTS: BYDDY) remained the world’s 2 largest electric vehicle (EV) battery makers in the first two months of…
NEW YORK — Chinese battery makers are targeted for new restrictions in the U.S. under legislation that would bar the Homeland Security Department from procuring clean energy technology made by six companies. The House of Representatives passed the “Decoupling from Foreign Adversarial Battery Dependence Act” last week. The bill advances to the Senate, where it likely…
CATL and BYD‘s combined EV battery installations in January amounted to 35.9 GWh, or 55.8 percent of the 64.3 GWh worldwide. The top 10 also included China’s CALB, Gotion High-tech, Svolt Energy, and Eve Energy. CATL (SHE: 300750) and BYD (HKG: 1211, OTCMKTS: BYDDY) remained the world’s 2 largest makers of electric vehicle (EV) batteries…
A slew of Chinese companies are eyeing initial public offerings (IPOs) in Hong Kong, riding on the stock market impetus provided by artificial intelligence (AI) start-up DeepSeek. AICT, a Beijing-based AI solutions provider, aims to raise about US$200 million from a Hong Kong IPO, according to sources familiar with the matter. AICT, whose products are…
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When President Xi Jinping brought together China’s most prominent entrepreneurs for a high-profile symposium, markets and industry observers the world over were watching. News of the symposium had garnered a great deal of attention, as such a meeting had not taken place since late 2018. In the years after that gathering, a series of seismic…