[ HONG KONG: Hong Kong and Saudi Arabia are exploring the creation of an exchange-traded fund (ETF) tracking Hong Kong indices, Hong Kong Deputy Financial Secretary Michael Wong said in a statement on Thursday. The Hong Kong government is currently working with several financial institutions to develop the ETF, Wong said. The statement was released … Read more
[ “We expect short-form video to become a key topic of discussion in the entertainment sector given the huge user base, time spent, and monetisation potential,” said Thomas Chong, an analyst at brokerage Jefferies. The listings come as investors hunt for beneficiaries of retail’s shift online last year. Consumer brands turned en masse to influencers … Read more
[ Hong Kong could play a leading role in easing China’s financial integration with the rest of the world amid Beijing and Washington’s technology and trade war, according to the city’s securities regulator. Attempts by the Trump administration to decouple the world’s two largest economies had also cemented Beijing’s resolve to further expedite its financial … Read more
[ Tencent-backed Kuaishou Technology wrapped up the first mega IPO of the year on Friday. It set the final offer price at HK$115 per share, top-end of the range, after the short video platform set a record as the most oversubscribed deal ever in Hong Kong attracting retail investors’ demand totalling HK$1.28 trillion (US$164.8 billion), … Read more
