Hong Kong can achieve “high-quality development” by leveraging its unique advantages and remaining open, the city’s finance chief has said, as he revealed that the local stock market has outperformed other major indexes so far this year. Writing on his weekly blog, Financial Secretary Paul Chan Mo-po also said that despite worries about the impact…
Hong Kong’s market for initial public offerings (IPOs) has come roaring back. Attractive valuations, strong liquidity and supportive government policies, what’s not to like? Concerns about geopolitical tensions and a trade war have taken a back seat, at least for now. Certainly, a 90-day truce in the tit-for-tat tariffs battle between China and the United…
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….