Hong Kong stock market welcomes the largest IPO in recent years! Midea's new shares are experiencing both excitement and risks.
Although it is a second listing, midea group co., ltd's Hong Kong IPO is expected to raise no less than 25 billion Hong Kong dollars, and even has the potential to exceed 35 billion Hong Kong dollars. This is the largest fundraising scale for a new stock in the Hong Kong stock market in more than three years, following the listing of jd.com logistics in May 2021. According to the timetable, midea group co., ltd is expected to be listed on the Hong Kong Stock Exchange on September 17, which is also the Mid-Autumn Festival day.
Express News | According to reports, Midea plans to expand the scale of issuance due to strong investor demand and is expected to raise $4 billion through an initial public offering in Hong Kong, with the issuing price set at the top of the range. (Bloomberg)
Interest rate as low as 2.98%! Bank of Shanghai doubles subsidies for "trade-in" program, introducing exclusive consumer vouchers and interest rate coupons, covering key areas such as business districts and autos.
①Shanghai announced a major push to promote consumer trade-ins, with consumer subsidy funds of up to 4 billion yuan. ②Multiple financial institutions have launched consumer vouchers for trade-ins and consumer discounts on the basis of government subsidies.
Express News | The State Council issued the "Opinions on Strengthening Supervision, Preventing Risks, and Promoting the High-Quality Development of the Insurance Industry."
Shanghai Pudong Development Bank, Shanghai Branch, Gao Jianbing: Serving the scientific and technological innovation field, the transformation of bank institutions is happening at the right time.
① Service technology enterprises are listed as the first track of the Shanghai Pudong Development Bank. ② There are still challenges in understanding and evaluating the technology of technology enterprises during the loan process, and further discussions are needed on guarantee measures and risk management.
Quick Look at Mid-day Trading | The three major stock indexes in Hong Kong all fell, with oil and coal stocks declining; all three major oil companies saw a drop of over 5%, while Tianqi Lithium Corporation surged 12% against the market trend.
Network technology stocks generally fell, with SenseTime down nearly 3%, JD.com, Netease down nearly 1%, Tencent, Alibaba slightly down; Bilibili rose by over 1%, Meituan slightly rose.