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That was a third of the US$13.5 billion raised on the Hong Kong stock exchange, which leapfrogged 12 spots from a year earlier to become the world's top-ranking IPO destination in the first half.
Hong Kong's Hang Seng Index (.HSI) is up 21.2% year-to-date, making it one of the best performing major markets in the world, despite the tariff negotiations between China and the United States.
HONG KONG (Reuters) - Chinese battery giant CATL has hired banks, including JPMorgan and Bank of America, to work on a Hong Kong listing, in what could be one of the city's largest offerings in ...
In key news on Hong Kong stocks, China Vanke Co. Ltd. (HK:2202) said it is bracing up for huge losses in the first half of 2024 as China’s housing crisis continues to impact developers.
The disclosure suggests that BOCHK, the second-largest Hong Kong bank, also had a steady July-September period, with return on equity likely similar to the 12.0% annualized figure in the first half.
As of the end of June, CRE-related loans to corporates made up 20.7% of BOCHK's total loans, down from 21.6% six months earlier. Of these, 15.5% were in Hong Kong and 3.7% in mainland China.