SYDNEY, Australia — Hong Kong's push to attract more specialist technology companies to carry initial public offerings (IPO) has attracted just two firms to list in more than a year after regulators introduced new rules in an attempt to revive the city's flagging capital markets.
SYDNEY, Australia — Hong Kong's push to attract more specialist technology companies to carry initial public offerings has attracted just two firms to list in more than a year after regulators introduced new rules in an attempt to revive the city's flagging capital markets.Hong Kong's fortunes are pinned to having active capital markets, especially IPOs, and while deal activity remains subdued, so does the city's role as a regional financial center.
QuantumPharm, an AI drug research firm, raised $127 million in June.Chinese driving chip designer Black Sesame International will start trading on Thursday.Under the 18C requirements, commercialized firms need to have a HK$6-billion market capitalization and revenue of at least HK$250 million for the most recent financial year.
Pitch To Tech Firms Shows No Headway
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Hong Kong to expand market reach in H2HONG KONG: Hong Kong will continue to expand its market reach in the second half of this year to deepen ties with investors in Europe, the United States, Australia and the Middle East, Hong Kong Special Administrative Region Financial Secretary Paul Chan said Sunday.
Read more »
Hong Kong young people struggle to rebuild their lives after being jailed under Beijing’s crackdownBy Kanis Leung | The Associated Press HONG KONG—After spending five months in jail for publishing seditious Instagram posts, Joker Chan returned to a harsh reality.
Read more »
Hong Kong young people struggle to rebuild their lives after being jailed under Beijing's crackdownSunStar Publishing Inc.
Read more »
Cebu Pacific set to resume direct Iloilo-Hong Kong flights in OctoberDefining the News
Read more »
Hong Kong activist convicted of getting complaint form out of prison without authorizationPro-democracy activist Owen Chow is one of 14 convicted of conspiracy to commit subversion in a landmark national security case in May which drew international criticism. He faces up to life imprisonment.
Read more »
Cebu Pacific announces 'Piso Fare' promo for direct flights to Iloilo and Hong KongDefining the News
Read more »