Ernst & Young: It is expected that there will be 70 IPOs in Hong Kong this year, with a total fundraising amount not exceeding one trillion Hong Kong dollars.
Ernst & Young stated that according to the public information statistics as of November 30, 2024, it is expected that there will be 64 companies in the Hong Kong market that will go public in 2024, raising a total of 83.4 billion Hong Kong dollars.
Express News | USA's I Squared is reportedly making a takeover proposal to hkbn, potentially sparking a bidding war.
HSBC Research: Expectations of rate cuts eased, banks more favorable than HKEX (00388.HK), preferring BOC Hong Kong (02388.HK).
HSBC Research published a report stating that due to improved investment sentiment in October, deposits continued to migrate, with the balance of time deposits decreasing by 31.6 billion HK dollars monthly, while the balance of current and savings deposits (CASA) increased by 35.6 billion HK dollars monthly. However, loan demand remains weak, and activity in the capital markets has also slowed down. HSBC Research pointed out that the market's expectations for interest rate cuts have cooled, which is seen as more favorable for banks compared to the Hong Kong Stock Exchange (00388.HK). Although loan demand may remain weak in the short term, banks might choose to enhance shareholder returns through repurchases or dividends. Hong Kong banks are also actively expanding their wealth management franchises to capitalize on fee revenue.
The new stock, Yuejiang Technology, passed the listing hearing.
Shenzhen Yuqiang Technology, engaged in the development, manufacturing, and commercialization of collaborative siasun robot&automation, has passed the main board listing hearing, with guotai junan i and agriculture international serving as joint sponsors.
Hong Kong Exchanges and Clearing Group CFO to Take On CEO Role
hkex (00388.HK): Li Baiyan will become the Chief Operating Officer of the hkex, and also serve as the Chief Executive of HKEX and HKFE.
Grantham11月29th丨 hkex(00388.HK) announced that Charles Li Xiaojia will retire on December 31, 2024, and will step down from all positions of the Hong Kong Exchanges and Clearing Limited (HKEX) group; positions include Vice Chief Executive of HKEX, Co-Chief Operating Officer, Co-Head of Markets, as well as Chief Executive of LME and Hong Kong Futures Exchange (both are wholly-owned subsidiaries of HKEX). Li Bowen, current Co-Chief Operating Officer and Group Chief Financial Officer, will become the Chief Operating Officer of HKEX, also continuing as the Group Chief Financial Officer. Li Bowen will also take on