Blog
PODCAST
Blog
Blog
9 Feb, 2021 Author Rebecca IsjwaraXiuxi ZhuFrancis Garrido
Southeast Asia, where the technology startup scene thrives on economic growth and a chronic need to boost financial inclusion, is fertile ground for acquisitions for listed blank-check companies in 2021, analysts say.
Special purpose acquisition companies, which are skeleton organizations that launch with the intention of buying and reverse merging with a private company, have become popular alternatives to traditional IPOs to take companies public. SPACs from around the world are mostly listed in stock exchanges in the U.S., where the listing rules require them to acquire private assets from any country within two years after debut. A surge of newly listed SPACs in 2020 suggests that more companies are on the hunt for deals before their two-year deadline is up.
TikTok Competitor Kuaishou Sees Shares Triple in Debut With its listing in Hong Kong, Kuaishou Technology has beaten short-video competitor ByteDance to the punch in selling shares to a demanding public
Chinese companies are consistently undervalued when they go public. That s clearly the case with the highly sought-after market debut in Hong Kong of short-video app Kuaishou Technology HK:1024.
The company, a competitor to TikTok, saw its shares leap to HK$337 at the open of trading Friday and crest at HK$345, a gain of 200%. The shares fell back slightly from that phenomenal start but still closed at HK$300.
The Beijing-based company raised HK$41.0 billion (US$5.3 billion) with the initial public offering, pricing the top of its range at HK$115. That should rise to HK$47.0 billion (US$6.0 billion) if the overallotment is exercised in full, as seems likely given the high demand.
Blog
Blog
Video
Banking Essentials Newsletter - March Edition
1 Feb, 2021 Author Charlie TanalaRehan Ahmad
Chinese banks are likely to see credit growth continuing to slow in 2021, as the government steps up measures to rein in mortgage lending and consumer loans and may at some point start to wind down
COVID-19 stimulus measures, analysts say.
Total outstanding yuan loans at Chinese financial institutions reached a fresh record of 172.75 trillion yuan as of Dec. 31, 2020, up 12.82% from 153.11 trillion yuan a year ago, according to data from the People s Bank of China. However, on a monthly basis, the loan growth in December 2020 fell for the seventh straight month, which was still up 12.82% year over year.
Kuaishou to raise $5.4b from HK public offering By FAN FEIFEI | China Daily | Updated: 2021-01-27 09:04 Share CLOSE A passenger checks out a Kuaishou poster at a subway station in Beijing on Jan 10. [Provided to China Daily]
Kuaishou Technology said on Tuesday that it plans to raise as much as HK$42 billion ($5.42 billion) via its initial public offering on the Hong Kong bourse, as the short video company is speeding up monetization efforts amid rising competition from its peer Douyin, an app developed by Beijing Byte-Dance Technology.
Kuaishou has priced its IPO on the Hong Kong stock exchange, and will issue 365.2 million shares each priced between HK$105 and HK$115, according to a prospectus released by the company.
Blog
Blog
Blog
Blog
25 Jan, 2021 Author Aries PoonRebecca IsjwaraMohammad Abbas Taqi
Despite rising global systemic risk scores of Chinese megabanks, their predominantly domestic footprint and the limited overseas use of the yuan suggest a low likelihood of them triggering a Lehman-like global financial crisis in an event of a bank failure, experts say.
Among 30 global systemically important banks, or G-SIBs, China Construction Bank Corp. was the only institution that moved to a higher bucket in the latest annual assessment by the Financial Stability Board based on end-2019 data. The total G-SIB score of Industrial & Commercial Bank of China Ltd., the world s largest bank by assets, rose for the fifth consecutive year, Agricultural Bank of China Ltd. s score rose for the third straight year, while Bank of China Ltd. s score was largely flat after rising for four years, according to the FSB and S&P Global Market Intelligence.