• Thu
  • Jul 24, 2014
  • Updated: 5:44pm


Alibaba keen not to repeat Facebook's error in any IPO

The world's biggest online retailer was considering a more conservative valuation than the one the social networking company achieved last year, a person familiar with the situation said. While Alibaba, based in Hangzhou, Zhejiang province, has said it has no timetable for an initial share sale, analysts are expecting an offering this year or next.

Tuesday, 7 May, 2013, 4:25am

Two large state firms to test Hong Kong IPO market

Two big state-owned enterprises launched their long-awaited initial public offerings to raise up to US$3.81 billion in Hong Kong yesterday, taking advantage of improving sentiment.

7 May 2013 - 4:16am 1 comment

True universal suffrage would avoid a lot of the brewing unrest

The absurdity of the arrangements surrounding the election of the chief executive in 2017 is rapidly becoming apparent. Our leaders in Beijing don't want anyone running Hong Kong who is going to cause them trouble, whatever form that may take.

30 Apr 2013 - 4:28am 4 comments

Far from losing its edge, Hong Kong is more competitive than ever

Hong Kong, we are told, is losing its competitive edge. This grim warning was issued on Saturday by a certain Zhang Dejiang. Zhang, in case you're wondering, is chairman of the standing committee of the National People's Congress, which makes him the most important Communist Party official you've never heard of.

29 Apr 2013 - 4:11am 16 comments

Cash-strapped Chinese banks turn to Hong Kong

Mainland banks are reviving their listing plans to raise money in Hong Kong this year as Beijing continues to keep an indirect hold on onshore initial public offerings.

25 Apr 2013 - 5:38am

Solar giant accused of cooking its books

Mainland solar panel manufacturer Trony Solar massively over-reported its sales and production data at the time of its listing, two former managers at the Shenzhen-based firm claimed.

22 Apr 2013 - 2:50am

Green light for SOE listings may herald rebound in IPOs

Hong Kong's dismal listings market may be set to get a shot in the arm after two decent-sized state-owned enterprises - Sinopec Engineering and China Galaxy Securities - won approval to issue shares that could raise a combined total of at least US$2.5 billion.

15 Apr 2013 - 3:43am

Fujian broker mulls Hong Kong float in expansion

Industrial Securities, a medium-sized brokerage on the mainland, is considering a listing in Hong Kong as it follows bigger domestic rivals in exploring overseas markets.

12 Apr 2013 - 5:43am

Reversal of fortunes

Shen Wei, one of the first 600 investment bankers authorised to sign off on initial public offerings on the mainland, said the licence that made him one of the "golden collared" had lost its magic.

9 Apr 2013 - 4:42am

Fortescue weighs IPO for ore venture

Chief executive Neville Power said in a media briefing at the Boao Forum yesterday that the group was studying the feasibility of an initial public offering of FMG Iron Bridge, an iron ore project it jointly develops with Baosteel in Western Australia.

8 Apr 2013 - 3:17am