Date
24 June 2018

Markets

  • Xiaomi founder and CEO Lei Jun will preside over what promises to be a very interesting and well-attended press conference this Saturday. Photo: Bloomberg

    What Xiaomi’s first IPO presser would look like

    - Jun 21, 2018 4:28pm
    Financial journos, especially those covering the technology beat, will have to postpone plans for a well-deserved beauty sleep this weekend if they don’t want to miss an important event in the sector.  Smartphone maker Xiaomi Inc....
  • Once the world’s most valuable public company, General Electric foundered in several key industrial markets in recent years, and a diversion into financial services steered it into the eye of the 2008 financial crisis. Photo: Reuters

    General Electric loses place in elite Dow Jones index

    Jun 20, 2018 8:18am
    General Electric Co. has lost its spot in the Dow Jones Industrial Average after over a century in the blue-chip stock index, a new blow to a company that once towered over the American business landscape...
  • Xiaomi founder and CEO Lei Jun demonstrates the new features of his latest smartphone model. Xiaomi's move to postpone its mainland listing creates uncertainties for Beijing's initiative to lure tech giants to return home. Photo: Reuters

    Something old for Xiaomi’s new IPO

    - Jun 19, 2018 3:04pm
    Something’s wrong with Xiaomi Corp.’s much-awaited dual listing? The Chinese smartphone maker said on Tuesday it will postpone its application for a mainland share offering through the issuance of China depositary receipts (CDRs) until after it...
  • The China Securities Regulatory Commission has issued rules allowing overseas-listed Chinese companies to launch secondary listings in the domestic market through the issuance of China Depositary Receipts. Photo: AFP/Reuters

    CSRC issues rules on domestic flotation of overseas-listed firms

    Jun 7, 2018 9:50am
    China has adopted new rules governing the issuance of securities that will allow the domestic flotation of overseas-listed innovators, Reuters reports, citing the China Securities Regulatory Commission. Authorities are encouraging overseas-listed Chinese companies to launch secondary...
  • Coal is used to generate almost 40 percent of electricity worldwide. Photo: Reuters

    Big investors urge G7 to step up climate action, shift from coal

    Jun 4, 2018 8:20am
    Institutional investors with US$26 trillion in assets under management called on Group of Seven leaders to phase out the use of coal in power generation to help limit climate change, despite strong opposition from Washington, Reuters...
  • Haidilao is known not only for its excellent Four Seasons-type of hotpot but also for its legendary customer service. Photo: Bloomberg

    Haidilao is hot pick for hotpot and IPO

    - May 18, 2018 1:48pm
    The name is hot, and the IPO is probably hotter. Hotpot chain Sichuan Haidilao Catering has filed for an initial public offering in Hong Kong, seeking to raise up to US$700 million. Sichuan province, in southwestern...
  • Ethereum has the become the foundation for many initial coin offerings. Photo: Reuters

    Ethereum is top public blockchain, bitcoin No 13 in China index

    May 18, 2018 9:32am
    Ethereum is the top public blockchain in the cryptocurrency space, while that of bitcoin, the original virtual currency, is ranked 13th, according to the Chinese government’s first monthly Global Public Chain Assessment Index, Reuters reports. The...
  • Two of the world’s largest bitcoin plays plan to list on the Hong Kong Stock Exchange as soon as this year with each seeking to raise as much as US$1 billion. Photo: Bloomberg

    Bankers eager to meet Chinese bitcoin miners

    - May 17, 2018 5:14pm
    Investment bankers still have a vivid recollection of that time, about a decade ago, when mainland mining bosses descended on Hong Kong to list their companies on the local stock exchange. The executives looked ill at ease...
  • Jay Clayton, the chairman of the US Securities and Exchange Commission, regards all cryptocurrencies as securities, with the exception of the first mover, Bitcoin, which he considers a commodity. Photo: Reuters, Bloomberg

    Initial coin scams

    - May 11, 2018 3:58pm
    Initial coin offerings have become the most common way to finance cryptocurrency ventures, of which there are now nearly 1,600 and rising. In exchange for your dollars, pounds, euros, or other currency, an ICO issues digital...
  • Big market players are less likely to chase sudden swings in bitcoin’s value, being more interested in the potential of unproven but promising blockchain technology. Photo: AFP

    Bitcoin frenzy settles down as big players muscle into market

    Apr 30, 2018 8:57am
    After keeping investors on the edge of their seats, bitcoin may be maturing into a period of relatively boring stability, experts say. A worldwide wave of regulation has led to a collapse in trading volumes. Cryptocurrency...
  • “Fearless Girl”, whose message is for a bigger role for women in corporate America, will be moved by the end of 2018. Photo: Reuters

    ‘Fearless Girl’ to stare down the New York Stock Exchange

    Apr 20, 2018 8:05am
    The bronze statue of a little girl that became a tourism phenomenon by staring down Wall Street’s massive “Charging Bull” sculpture is to be moved to a nearby spot where its stern gaze will be on...
  • Cryptocurrencies have been impacted this year by fears of a crackdown from regulators and concerns that they have been in a speculative bubble that is now deflating. Photo: Bloomberg

    Cryptocurrency funds down nearly 30 percent in March

    Apr 19, 2018 9:23am
    Cryptocurrency funds were down 29.2 percent in March amid an ongoing slump caused by increased scrutiny from global regulators of the virtual assets, Reuters reports, citing a new index launched by data provider BarclayHedge. The Barclay...
  • Intraday volatility of the US market has shown sign of narrowing since April 13, which is a positive sign. Photo: Reuters

    Stock investing: Handling a difficult market

    - Apr 18, 2018 12:55pm
    With the equity bull trend seeming to run out of steam, I can understand why some investors are seeking to throw in the towel and head for the exit. Trading in a choppy market can indeed...
  • Cryptocurrency billionaires could help fund projects that improve the management of health-care finances. Photo: Bloomberg

    How should the crypto-rich spend their money?

    - Apr 16, 2018 12:20pm
    In February, Forbes published its first-ever list of cryptocurrencies’ richest people. The top ten were each worth around US$1 billion, while the wealthiest – an American blockchain innovator named Chris Larsen – was estimated to be...
  • Coincheck has not given details of how the January theft, one of the biggest ever of digital money, has affected its business. Photo: Reuters

    Japan’s Monex mulls takeover of crypto exchange Coincheck

    Apr 4, 2018 8:40am
    Japanese online brokerage firm Monex Group Inc. said it is considering buying Coincheck Inc., the cryptocurrency exchange hit by a US$530 million theft of digital money earlier this year, Reuters reports. Monex did not provide any...
  • Spotify ended the session at US$149.01, valuing the world’s largest streaming music service at US$26.5 billion. Photo: Reuters

    Spotify shares jump in record-setting direct listing

    Apr 4, 2018 8:08am
    Shares of Spotify Technology SA ended up 12.9 percent on their first day of trade on the New York Stock Exchange, a smooth debut that could pave the way for other companies looking to go public...
  • Chinese streaming service iQiyi reportedly priced its US initial public offering at US$18 per share, in the middle of its target range. Photo: Reuters

    China’s iQiyi said to raise US$2.25 billion from IPO

    Mar 29, 2018 8:23am
    Chinese streaming platform iQiyi Inc. priced its US initial public offering at US$18 per share, in the middle of its target range, Reuters reports, citing a source familiar with the matter. The Netflix-like video platform had...
  • Most Kwai Chung co-founders at the stock listing ceremony on Wednesday. Photo: HKEJ

    Media Chinese cashes in on Most Kwai Chung frenzy

    - Mar 28, 2018 4:03pm
    The amazing Most Kwai Chung, the company behind the satirical weekly magazine 100Most and online media platform TVMost, has produced an unlikely winner – Media Chinese International Ltd. (00685.HK) chairman Tiong Hiew King. The stock, with...
  • Dropbox co-founder and CEO Andrew Houston will have 24 percent of the company after selling 2.3 million shares in the offering. Photo: Bloomberg/Internet

    Dropbox IPO priced higher than expected on strong demand

    Mar 23, 2018 9:46am
    Dropbox Inc.’s initial public offering, the largest tech stock debut in more than a year, was priced at US$21 per share, higher than expected. That would give the San Francisco-based company a market cap of about...
  • TVMost's online entertainment show and its mascot TVMost Buddy. Most Kwai Chung, producer of the show, is set for a record-breaking initial public offering in Hong Kong. Photo: TVMost

    Most Kwai Chung can offer more than just quick IPO profit

    - Mar 21, 2018 12:05pm
    Most Kwai Chung, operator of the online satirical media platform TVMost and magazine 100Most, is set for a record-breaking initial public offering in Hong Kong. As of Tuesday, market sources said margin financing for subscription of the company’s...

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