“The SFC has serious concerns that Cloudbreak’s initial public offering may have been rigged to create an artificial impression of demand for Cloudbreak’s shares,” the SFC said in a statement on Thursday. The regulator considered the suspension “necessary or expedient to maintain an orderly and fair market” for the firm’s shares and to “protect the…
Bonnie Chan, chief executive officer of Hong Kong Exchanges & Clearing Ltd. (HKEX), during the Asian Financial Forum in Hong Kong, China, on Tuesday, Jan. 27, 2026. The forum runs through today. Photographer: Lam Yik/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty Images Hong Kong’s IPO pipeline is supported by companies beyond the ‘fashionable’…
The tenure of the 57-year-old Chan, the first woman to serve as CEO of the city’s exchange operator, will be renewed from March 1, 2027, to February 28, 2030, according to an exchange filing on Monday evening. “Bonnie has led HKEX Group with vision, purpose and distinction,” said Carlson Tong, HKEX chairman, in an online…
For example, when Hithium submitted an HKEX listing application in March 2025, the company said the listing would “provide the company with an international platform to enhance its global market visibility, access international capital, optimise its capital structure, further elevate its market position, and attract international talent.” “The planned listing in Hong Kong is part…
For years, international investors have steadily increased their exposure to China’s bond market. The attraction was clear. China had built the world’s second-largest bond market, now valued at close to 200 trillion yuan ($30 trillion), offering global asset managers a new source of diversification and access to one of the world’s largest economies. Yet one…
Shein’s draft prospectus showed a 14% decline in US revenue in Q1, attributed to the end of the de minimis exemption. (Reuters pic) HANOI: Just over a year ago, Chinese ultra-fast fashion retailer Shein began leasing 15 hectares of warehouse facilities — equivalent in size to 21 soccer pitches — near Ho Chi Minh City,…
CANADA – 2026/05/23: In this photo illustration, the CXMT (ChangXin Memory Technologies) logo is seen displayed on a smartphone screen. (Photo Illustration by Thomas Fuller/SOPA Images/LightRocket via Getty Images) Sopa Images | Lightrocket | Getty Images ChangXin Memory Technologies’ massive listing is stoking fears that its market debut could pull cash from Chinese equities, as…
HONG KONG, CHINA: Hong Kong has emerged as a major biotech fundraising hub, attracting dozens of Chinese biotech firms to list in the city. Cheng Xin | Getty Images News | Getty Images For years, Chinese companies such as Alibaba and Baidu headed to the U.S. to list their shares, citing its deeper capital markets…
Skyscrapers along the Victoria Harbour are illuminated by the afternoon sun in Hong Kong on Sept 15, 2025. (ANDY CHONG / CHINA DAILY) Hong Kong’s accounting regulator signaled a tougher supervisory stance on audit firms with weak track records, while encouraging underutilized firms to take on a greater role in supporting the city’s capital markets,…
Freshfields, JunHe, King & Wood and Jingtian & Gongcheng have counselled on Three-Circle Group’s HKEX debut on 9 July, raising around HKD7.16 billion (USD913 million), completing the electronic ceramic components company’s dual listing following its SZSE IPO in 2014. The company issued around 71.36 million H shares at HKD100.3 each, achieving a market capitalisation of…