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Hong Kong exchange expects robust performance to continue after record Q1

Blog Video Blog Blog 28 Apr, 2021 Author Rebecca Isjwara Hong Kong Exchanges and Clearing Ltd. is facing a softening in trading volumes as it enters the second quarter after a record performance in the first three months of 2021, though the bourse operator expects to attract more liquidity from mainland China and stay one of the world s top IPO destinations. It s only April, I can t say too much about the projection of the second quarter, the exchange s interim CEO Calvin Tai said at an April 28 earnings call with journalists. When I say softer, it s in comparison to the first quarter, which is exceptional. If we look at April volume, even though we said softer, it s still roughly 20% higher than the ADT [average daily turnover] last year. While the market liquidity is still pretty high, we ve seen that it s not as high as in January or February.

China s Fintech Giants Are Hitting Roadblocks in Planned Listings at Home

For financial technology, you can see that . some of the largest one(s), if they re competing with the bank or insurance company, they will have a hard time, Choi told CNBC. Last Friday, the China Securities Regulatory Commission announced a series of updated guidelines for companies seeking to list on the Shanghai s STAR market the Nasdaq-style tech board officially known as the Shanghai Stock Exchange Science and Technology Innovation Board. One of the guidelines was that financial technology companies were banned from listing on the STAR board. Real estate and firms mainly engaged in financial services and investment businesses are prohibited from listing on the Science and Technology Innovation Board, the CSRC said in the release.

Lenovo banks on better digital infrastructure for momentum

Lenovo banks on better digital infrastructure for momentum By MA SI | China Daily | Updated: 2021-04-15 09:10 Share CLOSE A visitor checks out a Lenovo virtual-reality headset during a high-tech expo in Wuhan, Hubei province. [Photo by CHU LIN/FOR CHINA DAILY] Beijing-based PC maker steps up tech efforts to cultivate new growth drivers Chinese tech heavyweight Lenovo Group Ltd has begun to expand its position in smart internet of things devices and digital infrastructure in its fiscal year beginning April 1. It maintained its position as the world s largest personal computer maker in the first quarter amid surging demand from remote working and studying practices resulting from the pandemic.

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