Hong Kong and Shenzhen are establishing a white list for data transfers as part of an overarching effort to forge closer cross-border ties, which policymakers and business leaders see as essential to unlocking opportunities in artificial intelligence and fintech in the region. “If you have a white list to facilitate the movement of sensitive data,…
Hong Kong’s initial public offering (IPO) market is heading for its busiest month in four years, as a late rush of listings gathers pace despite the traditional slowdown around the Christmas and New Year holidays. At least 15 companies were set to go public by the end of December, with drug-discovery firm Insilico Medicine planning…
Zijin Gold International has delayed the closing of its US$3.2 billion initial public offering (IPO) – the second-largest in Hong Kong this year – to Thursday noon, a day later than previously scheduled, because of the impact of Super Typhoon Ragasa. “As there is a tropical cyclone warning signal No 8 or above in force,…
Hong Kong banks and brokers reported keen interest in the latest batch of Silver Bonds compared with last year after subscriptions opened on Monday. HSBC, the biggest of the city’s three currency-issuing banks, said application volumes and values were higher compared with the first day of sales last year. “The share of digital submission continues…
Futu Holdings is expanding its footprint in Hong Kong with the opening of its first flagship store and inaugural Institutional and Private Wealth Services centre in Causeway Bay, underscoring the online brokerage’s ambition to capture the city’s growing base of high-net-worth clients. The new centre, occupying two floors with a combined area of more than…
Chinese heating systems supplier Zhejiang Sanhua Intelligent Controls had a tepid trading debut in Hong Kong on Monday, with investors selling shares following the initial public offering (IPO) frenzy. Trading under the code 2050, the stock began trading at HK$20.95 amid a declining market, 7.2 per cent lower than its offer price of HK$22.53, in…