Markets & Investing

Prada to buy 19.6% in Sitoy IPO

Prada, which raised over $2b in its Hong Kong IPO, will be a cornerstone investor in the local handbag maker’s offering.

HKEx profit up 1% to $1.24b

Chief Executive Charles Li said attracting international companies to list in Hong Kong continues to be one of their key strategic goals.

Chow Tai Fook to test market for IPO

The city’s stock exchange approved the listing plan of billionaire Cheng Yu-tung’s Chow Tai Fook Group, and the luxury retailer aims to list in Hong...

Graff Diamonds plans $1 B IPO in Hong Kong

Graff Diamonds Ltd.plans to raise about $1billion in an initial public offering in Hong Kong.

SFC criticises Fidelity Worldwide Investment

And it has done so publicly with regard to Takeovers Code breaches.

Hong Kong's Sept exports to fall by over 10%

Hong Kong's Financial Secretary John Tsang announced that Hong Kong's September export volumes are expected to fall more than 10 percent.

PineBridge Investments appoints Anita Varga as Managing Director

Varga is a 25-year veteran who  previously headed the regional product development of ING Investment Management Asia Pacific.

Hong Kong launches offshore CNY-denominated gold product

Renminbi Kilobar Gold, the world’s first offshore Renminbi-denominated spot gold contract ends initial trading with value of CNY111.7mn.

HKMA: Hong Kong is Spain’s CNY business centre

Chan believes Hong Kong can provide the best support for Spanish corporations and financial institutions to conduct renminbi businesses as the...

HKMA and SFC seek opinions on OTC derivatives rules

The agencies want to collect views on developing a regime at par with international standards but takes into account local market conditions and...

New World Development plans to raise up to $1.6b via rights issue

The rights issue will involve up to 2.17 billion rights shares.

CapitaMalls Asia gets formal go-ahead from HKEx

Trading of the shares will begin at 9:30am on 18 October 2011.

SFC wants further regulation on HKEx listing rules

Hong Kong government is open to measures ensuring consistency and high standards in vetting listing applications from overseas companies.

Hong Kong joins in on global uprising against Wall Street

Protestors rallied in Hong Kong in support of the Occupy Wall Street demonstrations that began last month in New York.

Hong Kong shares set for weekly growth

This as investors watch out for China’s monthly inflation data.

Esprit Board clueless as to why trading price slips

It simply noted the decrease in the trading price of Esprit shares.