14
Xi: Shenzhen should resolutely uphold new vision on development
Chinese President Xi Jinping on October 14 attended a ceremony in south China's Shenzhen City to mark the 40th anniversary of the city being designated as China's first special economic zone. In his speech, Xi stressed that Shenzhen should resolutely uphold the new vision on development, and China must move forward with supply-side reform to meet domestic needs.
14
McAfee Corp. Launches Initial Public Offering
McAfee Corp. (“McAfee” or the “Company”) today announced that it has commenced an initial public offering of 37,000,000 shares of its Class A common stock, with 30,982,558 shares being offered by the Company and 6,017,442 shares being offered by existing stockholders pursuant to a registration statement filed on Form S-1 with the Securities and Exchange Commission (the “SEC”).
12
China moves to curb yuan strength, making it cheaper to bet against the currency
The Chinese yuan fell on Monday following recent months of rallying. The weakness was triggered after the central bank changed rules on Saturday that made it cheaper for traders to short the currency. Shorting involves selling a borrowed asset, which can be a stock or currency, with the view that it will depreciate and can be bought back later at a lower price.
12
Hong Kong leader postpones annual policy address until after Beijing talks
Hong Kong Chief Executive Carrie Lam has postponed her annual policy address scheduled for Wednesday in order to go to Beijing for talks on how the central government can help with the financial hub’s economic recovery.
9
ZA Bank Mulls Acquisition of Hong Kong's Largest Non-Bank Lender
Hong Kong subprime lender PrimeCredit is resuming its sales efforts with newly launched ZA Bank eying the opportunity for accelerated growth.
9
AMD Nearing Deal To Acquire Xilinx For Over $30 Billion: WSJ
AMD is reportedly close to reaching a deal to acquire programmable chipmaker Xilinx for more than $30 billion — a move that could give the company another arsenal of products to compete with rivals Intel and Nvidia.
6
EV startup Faraday Future in talks to go public through SPAC merger
Electric vehicle startup Faraday Future aims to close a deal soon to go public through a reverse merger with a special-purchase acquisition company (SPAC), its chief executive said on Monday.
6
Chinese video site Bilibili considers secondary Hong Kong listing: sources
Chinese video site Bilibili BILI.O is considering a secondary listing in Hong Kong, said two people with direct knowledge of the matter, joining other U.S.-listed Chinese companies eyeing a return to the exchange closer to home amid China-U.S. tensions.
29
Beijing bought 33% of the agreed value of US goods under the trade deal – SCMP
A headline from the South China Morning Post (SCMP), published Tuesday’s early Asian session, suggests challenges to the global risk-on sentiment. The news relies on China’s imports of the US goods under the trade agreement between Washington and the dragon land to suggest further hardships for the market’s mood.
29
EU negotiators willing to work on legal agreement with UK - The Times
(Reuters) - European Union negotiators have signaled that they are willing to begin work on a joint legal text of a trade agreement with the UK, ahead of trade talks that resume on Tuesday, The Times reported on Tuesday.
28
Ant Bank launch marks another milestone for Ant Group’s expansion in Hong Kong ahead of mega listing
Ant Bank (Hong Kong), the virtual banking arm of Ant Group, on Monday became the sixth branchless lender to start operations in the city and said that it would partner with AlipayHK to tap its two million users to avail of its services.
28
JD Health Could Raise $3 Billion in Hong Kong Listing
The healthcare unit of Chinese e-commerce operator JD.com Inc. has filed an application to list in Hong Kong, in a deal that people familiar with the situation said could raise at least $3 billion.
25
China is set to join FTSE Russell’s flagship global bond index next year
Major index provider FTSE Russell said Thursday it will add Chinese government bonds to its flagship World Government Bond Index from October next year — a development that will bring billions of dollars of inflows into China.
25
China Evergrande shares, bonds suffer sell-off on cash-crunch concern
Investors sold off China Evergrande Group <3333.HK> shares and bonds on Friday after a leaked document showed the nation's second-biggest property developer by sales sought government help to avert a cash crunch.
24
Miniso Group Files for IPO
Miniso Group Holding Ltd., a Chinese retailer whose stockholders include Tencent Holdings Ltd., filed for an initial public offering.
24
Bank of East Asia to sell insurance arm following portfolio review
Bank of East Asia Ltd (BEA), which counts Guoco Company Management Ltd as a substantial shareholder, has decided to initiate a sale of its insurance business and is seeking a strategic partner for its mainland China business following a review of its portfolios and assets.
22
China’s Smartphone Market Reshuffles as Latest Sanctions Against Huawei Take Effect
China’s smartphone market prepares for reshuffling as latest sanctions against Huawei take effect on September 15, says TrendForce
22
JD.com to spin off health unit, list in Hong Kong
Chinese e-commerce retailer JD.com 9618.HK is planning to spin off its health unit and list it on the Hong Kong stock exchange, the New York-listed company said on Monday, a move that follows escalating Sino-U.S. political tensions.
21
Alibaba's Ant Group Lifts Its IPO Proceeds Target to USD 35 Billion
According to industry sources, Chinese fintech giant Ant Group, which has earlier filed for a double-IPO in Hong Kong and on Shanghai's tech board (the Star Market), has increased the amount of capital it is willing to raise through this offering to USD 35 billion.
21
ByteDance says it will not transfer algorithm and technology to Oracle as part of TikTok deal
ByteDance will not transfer algorithms and technologies to Oracle as part of a deal announced over the weekend to keep social media app TikTok operating in the U.S.