HONG KONG : China International Capital Corp Ltd (CICC) has appointed veteran dealmaker Wang Shuguang to lead its investment banking business, said two people with knowledge of the matter.The appointment, effective July 11, comes as Wang Sheng, the bank's previous investment banking head, has m...

HONG KONG: Wang Sheng, investment banking head of China International Capital Corp (CICC), is set to leave the bank to take over as chief executive of smaller peer China Galaxy Securities, six people with direct knowledge of the matter said. Wang, who has spent his entire career with CICC, would be ...

After a dismal first six months, things are finally looking up for initial public offerings in Hong Kong as several large Chinese firms line up to list in Asia’s financial hub in the second half.Battery materials producer Tianqi Lithium Corp. just opened its books for what is set to be the city’...

The market for share sales hasn’t been this bad in nearly two decades, with few willing to take a chance in a grim investment climate.Just US$198 billion worth of initial public offerings and follow-on sales have been priced so far this year, a 70% drop from a year ago. That puts them on track for...

Mega-IPOs still to come include Volkswagen AG, which has chosen lead banks for its blockbuster listing of iconic sports-car maker Porsche, Bloomberg News reported earlier this year. The listing could value Porsche at as much as 90 billion euros ($130.72 billion), people familiar with the matter have...

In the buttoned-down world of Wall Street research, JPMorgan Chase & Co’s description of Chinese Internet companies was an instant shocker: “uninvestable.”The evocative label helped erase about US$200 billion from US and Asian markets and prompted one Chinese technology company to downgrad...

SOME 200 ships in the Port of Singapore had received contaminated bunker fuel supplied by Glencore Singapore and PetroChina International Singapore, marking the first such case in 2 decades to hit the city-state, a global maritime hub.

Shares of Nio Inc began trading in Hong Kong on Thursday after the Chinese electric-car maker chose a listing path that doesn’t involve selling new shares or raising funds. The stock traded at HK$162 as of 11:52 a.m. in Hong Kong after opening at HK$160. That compares to a closing price of $20.17 ...

China-based electric car maker Nio, which was reportedly mulling a secondary listing on the Singapore Exchange, has confirmed it has received its approval in principle to list on the Hong Kong exchange instead. However, Nio, which is already listed on the New York Stock Exchange, has too applied for...

Initial public offerings have gotten off to a rough start of the year. Globally, US$26.7 billion worth of IPOs have priced, marking a 60% drop from the same period a year earlier. Now, pulled deals are piling up under pressure from roiling markets. The prospect of interest rate hikes combined with...

It’s getting harder to ignore digital currency these days with the flood of news on the topic. Amid the noise, a little something called central bank digital currencies (CBDC) has crept into the public eye, but not much is known about its connections with other parts of the payments landscape, esp...

BERLIN: Germany's Federal Cartel Office is taking a closer look into the planned sale of Maersk's refrigerated containers maker to China International Marine Containers, a spokesman for the office said on Thursday. The office has opened an investigation into the effects the takeover of ...

China Tourism Group Duty Free Corp, the world’s largest travel retailer, has received permission from the Hong Kong stock exchange to proceed with a share sale in Asia’s financial hub, according to people familiar with the matter. The offering by the state-owned operator of duty-free businesses ...

SHANGHAI : The fourth China International Import Expo (CIIE) saw US$70.62 billion worth of “intentional” deals signed, down 2.6per cent from last year, state broadcaster CCTV said, citing an organiser of the event that closed on Wednesday.It cited Sun Chenghai, deputy director-general of the...

THE Singapore Business Federation (SBF) is leading a delegation of 45 companies from Singapore to the 4th China International Import Expo (CIIE), held from Nov 5 to 10 in Shanghai.