ByteDance, the Chinese tech giant behind TikTok, is reportedly planning a 2022 Hong Kong initial public offering (IPO) just months after shelving a potential offshore listing in fear of punishment from Chinese regulators. The...
Hong Kong stock market
Apr 15, 2013
Hong Kong’s benchmark index fell the most in more than a week on Monday, as the South China Morning Post reports that surprisingly poor economic data out of China drove investors to dump stocks. And while one economist...
Dec 20, 2011
After the drop in the Hang Seng Index due to the news of Kim Jong-il’s death and fears of instability in the region, Hong Kong stocks were able to rebound and close up 0.1 percent. Business Week reports: The Hang Seng...
Aug 22, 2008
China’s experiment with letting mainlanders invest in the Hong Kong stock market, launched last August and dubbed the “through train”, has yet to take off. From the Wall Street Journal: When China’s...
Mar 13, 2008
From Reuters via Financial Times : Shares in China Railway Construction, which built the world’s highest railroad, rose 14 per cent in their Hong Kong debut on Thursday, in line with muted expectations, after the company raised...
Nov 29, 2007
From The Financial Times: The tide has turned on overseas Chinese initial public offerings, one of the last outposts of irrational euphoria open to foreigners. In the past week, two IPOs have tanked on their debut on the Hong Kong stock exchange: the latest, Sinotruk , slid 16 per cent on Wednesday, the worst first-day […]
Nov 14, 2007
From China Daily: Hong Kong Exchanges and Clearing Ltd (HKEx) has not yet decided on a timetable for domestic direct stock investment in Hong Kong and is currently focusing on investors’ risk education, said an official with HKEx yesterday. Domestic investors will have to wait until the Hong Kong market fully opens to the mainland, […]
Nov 8, 2007
From Marketwatch: Nasdaq-listed Chinese Internet search engine Baidu.com Inc. may consider listing shares in Hong Kong, according to media reports Thursday. Chief Executive Robin Li was quoted in wire reports as saying a Hong Kong listing would raise the company’s profile and help fund expansion into new areas such as online auctions. Li reportedly made […]
Nov 4, 2007
From The Financial Times: Hong Kong’s trains are among the most reliable in the world. Comments by Chinese premier Wen Jiabao , however, suggest that the so-called “through-train”, a mechanism to let the ocean of funds trapped in China by capital controls flow into and through Hong Kong, will be indefinitely delayed. It is a […]
Nov 1, 2007
From The Financial Times: At least seven Chinese shipbuilders are planning share offerings, underlining China’s efforts to build up its domestic fleet and branch out into the construction of more advanced vessels. The largest of the anticipated initial public offerings is likely to come from state-owned China Shipbuilding Industry Corporation (CSIC) , which wants to […]
Oct 14, 2007
From China Daily: Almost two months have passed since the State Administration of Foreign Exchange (SAFE) announced the launching of a trial program allowing mainland residents to directly invest in stocks traded on the security market in the Hong Kong Special Administrative Region (SAR). Dubbed as the “express train to the Hong Kong Exchange”, the […]
Sep 21, 2007
From Financial Times: China is to impose a quota on investments on the Hong Kong stock market – which will reduce capital outflows to a fraction of the $100bn-plus forecast when its outward investment scheme was announced last month. Liu Mingkang, chairman of the China Banking Regulatory Commission, said there would be no limit on […]
Sep 7, 2007
From Reuters via SignOnSanDiego: Four Chinese firms, including property developer Soho China , have won approval from Hong Kong’s stock exchange to launch initial public offerings expected to raise a combined US$2.7 billion, sources familiar with the situation said on Friday. The debut by one of the four – Xinjiang Xin Xin Mining Industry Co […]
Sep 6, 2007
From Caijing.com.cn: Private investments made in the early days of a program allowing mainlanders to buy Hong Kong stocks will be small and won’t affect the Shanghai and Shenzhen A-shares market , Shang Fulin, chairman of the China Securities Regulatory Commission (CSRC) , told a global economic conference September 6. Shang said allowing private investments […]
Jan 2, 2007
From Financial Times: Mainland China’s equity markets will surpass Hong Kong’s in 2007 as favoured locations for Chinese companies to raise capital as the boom in China’s initial public offerings comes home, according to accountancy firm PwC. Capital raised by IPOs in the so-called A-share markets in Shanghai and Shenzhen is forecast to grow about […]
CDT in the News
- U.C. San Diego, 21st Century China Center – The Party Remakes China: What to Watch for After the 20th Party Congress
- NYT – China’s ‘Absurd’ Covid Propaganda Stirs Rebellion
- The Economist – The Prince: Searching for Xi Jinping
- FP – China’s War on History Is Growing
- Coda Story newsletter – Chinese censors working overtime to silence dissent on zero-Covid lockdowns in Xinjiang and Tibet