Members of the UK parliament’s Labour Party greenlit the country’s biggest ever stock market listing: the Chinese fashion firm Shein, it was revealed yesterday.
London’s win will be New York’s loss, brokers said. The amount of cash to be raised was estimated by analysts as 50 billion GBP, a record breaker.
The astonishingly fast-growing Chinese…
SPACs are in the news this week, after Silicon Valley’s pioneer in the investment vehicle business said he would return US$1.5 billion to backers. But Hong Kong’s versions of the Special Purpose Acquisition Company have key differences, says SPAC specialist Jason Wong
THE U.S. ENTERED AN interest rate hike cycle this year, and capital markets…
HONG KONG’S special purpose acquisition companies, better known as SPACs, are currently in a slump. This is not only because of poor global market conditions, but also because of the restrictive listing requirements set by the Stock Exchange of Hong Kong. Change is urgently needed.
Image by Friday Culture.
Here’s a brief discussion of the…
TINY HONG KONG is now the second largest biotech fundraising hub in the world. By far the largest in Asia, it is second only to New York in raising funds for health-related companies.
The southern Chinese city has been moving up the scale since a dramatic stock market reform in 2018 allowed biotech firms…