March 17 2021
The Outline Development Plan for the Guangdong-Hong Kong-Macau Greater Bay Area (the plan) was launched in February 2019, with the aim of concretising goals (e.g. technological, financial, infrastructural development) set up by a framework agreement of developing the area from July 2017. In terms of the financial aspects of the 2019 plan, Hong Kong SAR and Macau SAR bear the responsibility for its external development, due to their historical comparative advantages. Internally, access to the mutual financial market among the Greater Bay cities is put in priority.
Following the guidance of internal development, the most recent milestone would be the establishment of the Memorandum of Understanding on the Launch of the Cross-boundary Wealth Management Connect Pilot Scheme (the scheme) in the Guangdong-Hong Kong-Macau Greater Bay Area (the memorandum), which was signed on February 5 2021 between seven parties. This included the People’s Bank of
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BEIJING, March 9, 2021 /PRNewswire/
Autohome Inc. (NYSE: ATHM) (the Company ), the leading online destination for automobile consumers in China, today announced the pricing of the global offering of 30,291,200 shares (the Offer Shares ) which comprises an international offering and a Hong Kong public offering.
The final offer prices for both the international offering and the Hong Kong public offering (the
Offer Price ) has been set at HK$176.30 per share. The Offer Price translates to approximately US$91 per American depositary share ( ADS ) (based on an exchange rate of HK$7.7642 to US$1.00), each representing four shares of the Company. The Company has set the Offer Price by taking into consideration, among other factors, the closing price of the ADSs on the NYSE on March 8, 2021 (the latest trading day before the Price Determination Date). Subject to approval from the Hong Kong Stock Exchange, the Offer Shares are expected to begin trading on t
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The paper proposes standards of conduct for intermediaries involved in bookbuilding and placing activities in ECM and DCM transactions.
On 8 February 2021, the Securities and Futures Commission of Hong Kong (SFC) published a consultation paper on (i) the Proposed Code of Conduct on Bookbuilding and Placing Activities in Equity Capital Market (ECM) and Debt Capital Market (DCM) Transactions and (ii) the “sponsor coupling” Proposal (Consultation Paper).
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Latham & Watkins operates worldwide as a limited liability partnership organized under the laws of the State of Delaware (USA) with affiliated limited liability partnerships conducting the practice in France, Hong Kong, Italy, Singapore, and the United Kingdom and as an affiliated partnership conducting the practice in Japan. Latham & Watkins operates in South Korea as a Foreign Legal Consultant Office. Latham & Watkin
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BEIJING, March 3, 2021 /PRNewswire/
Autohome Inc. (NYSE: ATHM) (the Company ), the leading online destination for automobile consumers in China, today announced the launch of its Hong Kong public offering (the Hong Kong Public Offering ), which forms part of the global offering (the Offering ) of 30,291,200 shares (the Offer Shares ) and listing of its shares on the Main Board of The Stock Exchange of Hong Kong Limited (the Hong Kong Stock Exchange ) under the stock code 2518 .
The Company s American Depositary Shares (the ADSs ), each representing four shares of the Company, will continue to be listed and traded on the New York Stock Exchange ( NYSE ). Investors in the Offering will only be able to purchase shares and will not be able to take delivery of ADSs. Upon listing, the Hong Kong-listed shares will be fully fungible with the ADSs listed on the NYSE.
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