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Hong Kong Stock Exchange

Bankruptcy proceeding against Evergrande unit to proceed, liquidators say

by Anas Siddiqui
Bankruptcy proceeding against Evergrande unit to proceed, liquidators say

A bankruptcy filing against a Guangzhou-based unit of collapsed developer China Evergrande has been accepted by a mainland China court, according to a filing with the Hong Kong stock exchange. …

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China’s stock investors cannot gauge sentiment as regulator cuts access to key data

by Anas Siddiqui
China’s stock investors cannot gauge sentiment as regulator cuts access to key data

China’s stock exchanges have stopped real-time data feed on foreign inflows into onshore equities from Monday, stripping domestic traders of a gauge of market sentiment, as regulators seek to downplay …

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Samsonite to pursue dual listing in US, implement US$200-million share buy-back

by Anas Siddiqui
Samsonite to pursue dual listing in US, implement US0-million share buy-back

Luggage maker Samsonite International has decided to pursue a second stock listing in the United States, its single-biggest market by sales, to reach more investors and boost liquidity of the …

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Chinese developer Midea Real Estate’s Hong Kong shares surge 100% on spin-off plan

by Anas Siddiqui
Chinese developer Midea Real Estate’s Hong Kong shares surge 100% on spin-off plan

Shares of Midea Real Estate Holding more than doubled in intraday trading on Monday after the company announced a plan to privatise its property development arm, a move that could …

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Actress Ada Choi, other cash-rich buyers are splurging on Hong Kong’s property. Here’s why

by Ron Morgan
Actress Ada Choi, other cash-rich buyers are splurging on Hong Kong’s property. Here’s why

Yuen and Lee have long been active luxury property investors. Most notably, they sold a 9,890 sq ft luxury house at 22 Barker Road on The Peak for HK$1.5 billion …

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Shimao Group faces winding-up petition from China Construction Bank, signalling developer is in ‘serious debt trouble’

by Anas Siddiqui
Shimao Group faces winding-up petition from China Construction Bank, signalling developer is in ‘serious debt trouble’

Shimao urged its offshore creditors to “carefully consider” the restructuring plan put forward on March 25, in which it presented four options including short-term and long-term notes offering an aggregate …

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Hong Kong stocks rally as some global funds turn bullish on Chinese tech leaders while Kuaishou, Xpeng, Swire gain on index bets

by Anas Siddiqui
Hong Kong stocks rally as some global funds turn bullish on Chinese tech leaders while Kuaishou, Xpeng, Swire gain on index bets

Hong Kong stocks rose after reports showed some fund managers have turned upbeat on China’s biggest technology companies as valuations cheapened. Xpeng, JD Logistics and Swire Properties jumped on speculation …

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Hong Kong stocks advance as Tencent, Alibaba, Galaxy set Year of the Dragon trading on winning course

by Anas Siddiqui
Hong Kong stocks advance as Tencent, Alibaba, Galaxy set Year of the Dragon trading on winning course

Hong Kong stocks advanced as trading resumed after the Lunar New Year holiday, giving the Year of the Dragon an auspicious start. Gains in industry leaders like Tencent and Alibaba …

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Alibaba reduces stake in GoGoX amid Hong Kong logistics services firm’s mounting losses, as it faces cutthroat competition on the mainland

by Anas Siddiqui
Alibaba reduces stake in GoGoX amid Hong Kong logistics services firm’s mounting losses, as it faces cutthroat competition on the mainland

Alibaba, which owns the South China Morning Post, has cut its GoGoX stake four times over the past two months, slashing its equity holding to 8.89 per cent as of …

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Baidu’s move to cancel YY Live acquisition amid fierce market competition, tougher regulation a boon to firm’s AI business expansion, analysts say

by Anas Siddiqui
Baidu’s move to cancel YY Live acquisition amid fierce market competition, tougher regulation a boon to firm’s AI business expansion, analysts say

This move was “not totally unexpected, given investors have been waiting for more details in past years”, Jefferies equity analysts Thomas Chong and Zoey Zong said in a research note …

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