Real Madrid top Deloitte Football Money League as Champions League revamp boosts Premier League’s rivals
Deutsche Bank regains ability to sponsor Hong Kong IPOs with new hires September 2, 2021 Deutsche Bank AG has won back its ability to sponsor IPOs in Hong Kong after it temporarily lost the right in June when two employees left without replacements lined up, according to Bloomberg who first reported the news. The German bank hired three new senior staff and added Derek Chung, Ian Long and Albert Chang [...]
Tech crackdown: China proposes banning local sensitive data firms from US IPOs August 27, 2021 China has turned its attention to the US stock market amid its tech sector crackdown, according to reports, by suggesting new rules that ban sensitive data firms from listing. The new rules target internet companies, but the China Securities Regulatory Commission, its local market watchdog, has said that those in the pharmaceutical industry, are still [...]
China pauses over 40 IPOs as hawkish eyes fall on intermediaries August 24, 2021 Shanghai and Shenzhen stock markets have hit pause on more than 40 initial public offerings, as Chinese regulators probe several intermediaries featuring in the deals. The Shenzhen Stock Exchange has suspended more than 30 initial public offerings (IPOs), including public listing plans by electric car manufacturer BYD’s chip-making unit, which was scuppered on Wednesday. [...]
HSBC to pull together $2bn IPO for China’s biggest AI firm SenseTime August 17, 2021 HSBC is working with China’s largest artificial intelligence group SenseTime to form a Hong Kong listing, according to reports. SoftBank-backed SeneTime’s initial public offering (IPO) could wire in at least $2bn, Bloomberg reported, citing people familiar with the matter. China International Capital is helping HSBC arrange the float for the firm. The company has decided [...]
Exodus: Hong Kong population shrinks by 87,000 in just one year August 13, 2021 Hong Kong’s population has shrunk by 87,100 in just one year, according to official data, as residents flee China’s crackdown on the former British colony. The rate at which residents have exited the city has picked up pace since the introduction of China’s controversial national security law last year, according to provisional data released by [...]
Tech firm NetEase pulls $1bn Cloud Village IPO after Beijing’s attack on gaming August 9, 2021 Chinese technology firm NetEase has put a pin in its $1bn Hong Kong listing for its music streaming service Cloud Village due to recent volatility in the tech market, according to reports. The initial public offering (IPO) had already been approved by the Hong Kong Stock Exchange’s listing committee, according to filings lodged with the exchange. [...]
Hong Kong: First person charged under national security law sentenced to nine years July 30, 2021 The first person to be charged under Hong Kong’s national security law has been sentenced to nine years in prison. Tong Ying-Kit was arrested following a pro-democracy protest in the city last July in which he rode a motorbike into three police officers flying a flag with the phrase “Liberate Hong Kong, revolution of our [...]
Media freedom: Hong Kong police arrest ex-editor of squashed Apple Daily July 21, 2021 Hong Kong police have detained two former senior staff of stifled pro-democracy newspaper Apple Daily, just hours after they arrested the paper’s former executive editor-in-chief. Apple Daily’s former deputy chief editor Chan Pui-Man and managing editor Fung Wai-Kong were arrested for a second time, according to local media reports. The pair had already been arrested [...]
US citizen arrest stokes Biden’s fresh Hong Kong business caution July 16, 2021 A US citizen has been arrested in Hong Kong, according to local reports, just hours after the US issued a fresh advisory warning for US businesses in the region. The US citizen, whose identity has not yet been confirmed by Southern China media, has been detained under Beijing’s controversial national security law. The national security [...]
Hong Kong bust first crypto-crime ring which funnelled $155m in dirty cash July 15, 2021 Hong Kong officials have undergone their first crypto laundering bust today, catching a syndicate funnelling some $155m in illegal funds. Four men have been arrested and bailed, while a separate stash of cash has been frozen. “It is the first time in Hong Kong that a money-laundering ring involved in using cryptocurrency to wash dirty [...]