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Funds raised in Hong Kong reached nearly HK$275 billion (US$35.4 billion) from 106 initial public offerings (IPO) as of December 12, helping the city become the world’s top listing venue, the stock exchange operator said in a year-end review.“2025 has been a year of momentum – global investors returned with conviction, and innovation from the Chinese mainland and across Asia kept our markets vibrant,” said Bonnie Chan Yiting, CEO of Hong Kong Exchanges and Clearing (HKEX).Four of these companies featured in the world’s top 10 IPOs this year, according to HKEX, citing data from Dealogic.The HK$41 billion IPO of Chinese…
Funds raised in Hong Kong reached nearly HK$275 billion (US$35.4 billion) from 106 initial public offerings (IPO) as of December 12, helping the city become the world’s top listing venue, the stock exchange operator said in a year-end review.“2025 has been a year of momentum – global investors returned with conviction, and innovation from the Chinese mainland and across Asia kept our markets vibrant,” said Bonnie Chan Yiting, CEO of Hong Kong Exchanges and Clearing (HKEX).Four of these companies featured in the world’s top 10 IPOs this year, according to HKEX, citing data from Dealogic.The HK$41 billion IPO of Chinese…
Hong Kong is putting gold at the centre of its push to become a global commodities trading hub, with officials prioritising plans for an international gold trading centre alongside a broader strategy to expand the city’s role in physical trade, derivatives and logistics.The government’s newly formed Commodity Strategy Committee held its first meeting on Monday under Financial Secretary Paul Chan Mo-po, as Hong Kong looked to build out a commodities ecosystem that would generate new growth beyond traditional finance.Secretary for Financial Services and the Treasury Christopher Hui Ching-yu told a mainland media outlet that developing an international gold trading centre…
Hong Kong is putting gold at the centre of its push to become a global commodities trading hub, with officials prioritising plans for an international gold trading centre alongside a broader strategy to expand the city’s role in physical trade, derivatives and logistics.The government’s newly formed Commodity Strategy Committee held its first meeting on Monday under Financial Secretary Paul Chan Mo-po, as Hong Kong looked to build out a commodities ecosystem that would generate new growth beyond traditional finance.Secretary for Financial Services and the Treasury Christopher Hui Ching-yu told a mainland media outlet that developing an international gold trading centre…
Millat Tractors Limited (MTL), a Pakistani tractor manufacturer, has inked an agreement with Massey Ferguson Corp (MFC) and AGCO Limited, the owner of the Massey Ferguson brand, to export Millat-branded tractors directly to Africa. The listed company shared the development in a notice to the Pakistan Stock Exchange (PSX) on Monday. “Millat Tractors Limited (MTL) has entered into an agreement with Massey Ferguson Corp. (MFC) and AGCO Limited, the owner of MF brand and a leading global manufacturer and distributor of agricultural equipment, whereby MTL has been assigned the African Territory for export of Millat Tractors. “Under this agreement, MTL…
Charles Li Xiaojia, former CEO of Hong Kong Exchanges and Clearing (HKEX), has suspended the initial public offering (IPO) plan of his investment company Micro Connect International Finance (MCIF), according to a letter sent to shareholders.“This decision stems from our recent recognition that the extended timeline associated with a proposed public listing has begun to outweigh its anticipated benefits, causing delays to MCIF’s deployment schedule and impacting Micro Connect’s broader progress,” Li said in the letter dated December 18, the day the application lapsed.Li, who had spearheaded multiple listing reforms and the connect schemes during his 11-year tenure at the…
Charles Li Xiaojia, former CEO of Hong Kong Exchanges and Clearing (HKEX), has suspended the initial public offering (IPO) plan of his investment company Micro Connect International Finance (MCIF), according to a letter sent to shareholders.“This decision stems from our recent recognition that the extended timeline associated with a proposed public listing has begun to outweigh its anticipated benefits, causing delays to MCIF’s deployment schedule and impacting Micro Connect’s broader progress,” Li said in the letter dated December 18, the day the application lapsed.Li, who had spearheaded multiple listing reforms and the connect schemes during his 11-year tenure at the…
The conventional wisdom had long been that it would be one of the “two Kevins.” At least, that was the prevailing impression in much of Wall Street and Washington when it came to President Donald Trump’s choice for the next chair of the Federal Reserve. Trump had for months hinted that he wanted to appoint Treasury Secretary Scott Bessent to the role, but Bessent continued to turn down the offer. That left Kevin A. Hassett, a longtime Trump loyalist and his economic adviser, and Kevin M. Warsh, a former Federal Reserve governor who came close to landing the…
Russia has accused Ukraine of carrying out a number of high-profile attacks against prominent Russians since Moscow invaded its neighbor nearly four years ago.While Kyiv has hinted at its involvement in some cases, Ukrainian officials have often stopped short of publicly claiming responsibility. In other cases, they have denied all involvement.On Monday, a Russian general was killed by a car bomb in Moscow, and investigators say they are looking into whether Ukraine was behind the attack. Ukraine has not yet commented on the death of Lt. Gen. Fanil Sarvarov. Other attacks that Russia has blamed on Ukraine include: Lt. Gen.…
KYIV, Ukraine (AP) — Ukrainian forces hit an oil terminal, a pipeline, two parked jet fighters and two ships in a series of strikes on Russian soil, officials said Monday.The attacks are part of an ongoing campaign to disrupt the Russian war effort and sow fear behind the front line, where outnumbered Ukrainian troops are straining to hold back Russia’s bigger army after almost four years of war.The strikes also seek to undermine President Vladimir Putin’s attempt to portray Russia as negotiating from a position of military strength in U.S.-led peace efforts, which have yet to make a breakthrough on…