Naphjas Inc. |

29 Mar Hong Kong’s IPO market struggles after slowest start since 2009 as jumbo deals vanish amid tighter regulations, poor valuations

Posted at 00:30h in Asia

China’s major stock exchanges are facing a tough start to the year as proceeds from initial public offerings (IPOs) in Hong Kong, Shanghai and Shenzhen dwindled. Tighter regulations and the loss of two potential jumbo deals from Alibaba Group Holding suggest no relief any time...

28 Mar Hong Kong Monetary Authority calls on lenders to provide ‘sympathetic’ credit relief to SMEs, never call loans early

Posted at 12:18h in Asia

The Hong Kong Monetary Authority (HKMA) on Thursday announced a set of measures designed to support small and medium-sized enterprises (SMEs), offering them reassurance about access to credit relief amid market rumours of loans being called early.The nine points issued by the city’s de facto...

28 Mar China’s ‘Princess of Wahaha’ Zong Fuli looks to revive US$2 billion family beverage business after founder’s passing

Posted at 04:33h in Asia

For about two decades, Kelly Zong Fuli operated in the shadows of her father, beverage tycoon Zong Qinghou – once China’s richest man. His death last month is now thrusting the woman known as the “Princess of Wahaha” into the spotlight.It will not be easy...

27 Mar Hong Kong must continue to promote itself to attract international listings, capital and investors, Paul Chan and Bonnie Chan tell forum

Posted at 11:32h in Asia

The government and HKEX have been promoting the unique features of the city’s capital market to Middle Eastern and Asean countries since last year, and such efforts will continue, he added.“We are diversifying our sources for new listed companies, as well as the sources for...

27 Mar Wealth for Good Summit: Hong Kong fetes guests in latest charm offensive to lure global capital and talent

Posted at 10:20h in Asia

Global heads of ultra-rich family offices and their advisers have gathered in Hong Kong for the Wealth for Good Hong Kong Summit to explore the widening opportunities and possibilities as the city’s government pulls out all stops to lure capital and talent.The two-day summit is...

27 Mar UBS marks completion of new building in West Kowloon that will house the Swiss bank’s Hong Kong staff

Posted at 08:51h in Asia

UBS and Sun Hung Kai Properties (SHKP) have held a ceremony marking the completion of a new building that will eventually house all the Swiss bank’s staff in Hong Kong.The 14-storey office tower in West Kowloon will bring the bank’s staff, who are currently spread...

27 Mar Pursuing passions: how HSBC steers private banking clients towards acquiring trophy assets through credit advisory solutions

Posted at 06:00h in Asia

A paradigm shift in the lifestyle and investment strategies of ultra-high-net-worth (UHNW) individuals has led to a growing interest in the acquisition of luxury assets, such as superyachts, private jets and highly collectible art.These assets, while generally recognised as valuable holdings, do not typically generate...

26 Mar BYD’s annual earnings surge 81% to all-time high on record EV deliveries, warns of weak consumer demand and global headwinds

Posted at 14:15h in Asia

The Shenzhen-based carmaker, which counts Warren Buffett’s Berkshire Hathaway among its shareholders, said revenue climbed 42 per cent to 602.3 billion yuan in 2023 following record deliveries of new energy vehicles (NEVs). These include pure battery-run EVs, plug-in hybrids and fuel-cell vehicles.Apple’s Tim Cook and...

26 Mar China’s economy remains resilient with powerful underlying strengths and long term opportunities, say Hong Kong officials, UBS’s Ermotti

Posted at 11:13h in Asia

China’s economy remains resilient despite facing a multitude of headwinds, and global investors should focus on long term opportunities and take advantage of Hong Kong’s role as a “superconnector,” according to government officials and corporate executives.“Hong Kong is the only city in the world where...

26 Mar Top PE firms Apollo, Partners Group, TPG, with solid core business, target alternative assets in Asia to ‘generate alpha’

Posted at 07:55h in Asia

Private equity giants operating in Asia are confident in their core business, but they are eyeing alternative assets such as private credit and infrastructure to generate better returns.As total deal value and fundraising in the Asia-Pacific private equity market slumped to the lowest in a...

Hong Kong Tag