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Hong Kong plans to shorten the time lag between an initial public offering (IPO) being priced and when the company’s shares start trading to as little as one day from the current average of more than five.
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Hong Kong stock exchange, which missed out on the chance to host Ant Group’s record $37 billion listing this month, believed the move to suspend the IPO was the right one and hoped the Chinese fintech giant would come back later, its CEO said on Wednesday.
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China suspended Ant Group’s $37 billion listing on Tuesday, thwarting the world’s largest stock market debut with just days to go in a dramatic blow to the financial technology firm founded by billionaire Jack Ma.
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Facebook is a non-partisan platform which denounces hate and bigotry, the company’s India head said on Friday, amid a controversy over how the U.S. social media giant regulates political content in its biggest market by number of users.
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Hong Kong financial regulators sought to calm market fears on Saturday as global financial firms in Hong Kong weighed cutting ties with local clients after the United States imposed sanctions on senior Hong Kong and Chinese officials.
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Members of Singapore’s Lim family have asked a court to stop law firm Rajah & Tann Singapore (R&T) from working for court-appointed supervisors to two companies in the Lims' embattled oil trading empire, Evan Lim Chee Meng told Reuters.
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Japan, Australia and some other nations are readying incentives to attract banks and asset managers in Hong Kong that are worried about the new security law imposed by China, but finance sector experts said even if they move, it will be to Singapore.
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Global wealth managers are examining whether their clients in Hong Kong have ties to the city’s pro-democracy movement, in an attempt to avoid getting caught in the crosshairs of China’s new national security law, according to six people with knowledge of the matter.
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China’s parliament passed national security legislation for Hong Kong on Tuesday, setting the stage for the most radical changes to the former British colony’s way of life since it returned to Chinese rule 23 years ago.
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China is fast-tracking a new law to help prevent infectious diseases and other “biological threats”, but some experts said a provision aimed at deterring false information could discourage potential whistleblowers and put the public at risk.