Zhejiang Sanhua shares fall in Hong Kong debut, first drop in 2025’s club of billion-dollar IPOs

Zhejiang Sanhua shares fall in Hong Kong debut, first drop in 2025’s club of billion-dollar IPOs

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…

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UK fund manager Schroders to invest more in Hong Kong as trade war ups demand, CEO says

UK fund manager Schroders to invest more in Hong Kong as trade war ups demand, CEO says

British asset manager Schroders will continue to expand in Hong Kong to tap Asia-Pacific’s fast-growing wealth-management and pension businesses, as its top boss believes market uncertainty brought on by the US-China trade war will increase demand for its services. “The tariff issues and trade challenges are going forward, but it would not affect our commitment…

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