Hong Kong Stocks

If successful, the IPO will be the largest in Hong Kong in 2024, eclipsing China Resources Beverage which began book-building on Tuesday for its up to $650 million listing

The 10-year Treasury yield dipped to 3.659%, the lowest since Oct. 5 in Tokyo trading, after Thursday's US Thanksgiving holiday; the two-year yield slipped to a one-week bottom at 4.44%

CIFI Holdings Group Co., KWG Group Holdings Ltd. and Agile Group Holdings Ltd. were the top gainers in Hong Kong, up more than 10% each.

Alibaba Group Holding Ltd. will seek a primary listing in Hong Kong, entrenching the financial hub's status as an alternative to US markets and paving the way for Chinese investors

Trading in the shares of China's majoThe suspension is the second one this year and comes ahead of the Wednesday USD 2 billion repayment obligation

Hong Kong's Hang Seng Tech Index, which tracks mainland's biggest tech companies, tumbled the most in three weeks

The company had invested heavily to expand business and explore more materials in the nickel sector as the resource is gaining traction amid a global new energy boom

The regulatory threats mean companies with a total market cap of almost $200 bn currently listed only in the U.S. may need to seek a return to Hong Kong or the mainland soon, Bloomberg analysts said

Uncertainty over firm's over $300-bn debt load continues to plague investors

Xi on Thursday outlined plans for a Beijing Exchange to allow "innovative small- and medium-sized" companies to raise capital.

The Hang Seng Tech Index closed 1.9% lower in Hong Kong.

Beijing's bold moves to rein in nation's powerful tech firms such as Jack Ma's Ant Group Co., Didi Global Inc. have sent global investors fleeing on concerns over China's tighter grips on data

Chinese electric vehicle maker Xpeng Inc will raise $1.8 billion by pricing its shares at HK$165 each as part of its Hong Kong dual primary listing

Two days ago the Security Bureau froze nearly HKD 500 million of the jailed media tycoon assets

In 2019, the information technology sector overtook financials as the index's largest industry by market value

The proposal comes as a wave of Chinese megacaps choose the financial hub as a preferred venue to sell shares

SMIC's shares fell as much as 7.9% to HK$17.12 ($2.21), the lowest since May 29, and were last down 6.7%.

The size of the deal was increased by 25% during the institutional bookbuild overnight on high demand from investors

Of the two venues, the company prefers Hong Kong, it says

The HKD is pegged in a narrow range of 7.75-7.85 to the US dollar. The Hong Kong Monetary Authority (HKMA) buys and sells the currency at either limit to maintain the range