Georgina Lee

Hong Kong

Georgina Lee

Georgina Lee has been a financial journalist for more than 15 years, having worked for newswires and trade magazines before she joined the Post. She has also previously written research articles on key structured credit themes for a credit rating agency.

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Latest from Georgina Lee

Cryptocurrency tycoons are entrusting their digital wealth in the metaverse to ‘gamefi’ services by technology firms

Affluent blockchain gamers are handing over their cryptocurrency assets bought in the open metaverse to tech firms to keep safe, and potentially lend them out.

Affluent blockchain gamers are handing over their cryptocurrency assets bought in the open metaverse to tech firms to keep safe, and potentially lend them out.

46 minutes ago
JD Technology, fintech unit of China’s JD.com, engages banks for Hong Kong IPO that could raise up to US$2 billion, source says

JD Technology is targeting as much as US$2 billion in a Hong Kong IPO, which could make it the fourth JD group company to be listed in the city.

JD Technology is targeting as much as US$2 billion in a Hong Kong IPO, which could make it the fourth JD group company to be listed in the city.

25 Jan 2022 - 6:00PM
Global funds seen adding to US$386 billion of ownership in Chinese government bonds as returns outpace Treasuries

Yuan-denominated government bonds are likely to attract more fund inflows, picking up from last year’s momentum as policy easing expectations build, investment bankers and investors say.

Yuan-denominated government bonds are likely to attract more fund inflows, picking up from last year’s momentum as policy easing expectations build, investment bankers and investors say.

21 Jan 2022 - 6:34PM
Fusang plans to kick off Asia’s first securities token offering with US$10 million sale in Labuan

Fusang’s listing amounts to a proof of concept for the digital, paperless form of equity in a listing venue that is trying to chart an alternative course from the traditional stock exchange.

Fusang’s listing amounts to a proof of concept for the digital, paperless form of equity in a listing venue that is trying to chart an alternative course from the traditional stock exchange.

19 Jan 2022 - 7:50AM
SPAC backed by Chinese brokerage CMB International becomes first to file for Hong Kong listing, under new regime for blank-cheque companies

A blank-cheque company formed by CMB International Asset Management has become the first to test a new listing regime which became effective this month.

A blank-cheque company formed by CMB International Asset Management has become the first to test a new listing regime which became effective this month.

18 Jan 2022 - 12:38PM
HKMA, Hong Kong’s de facto central bank, proposes regulating fiat currency-backed stablecoins with rules similar to banks

Stablecoins such as tether, USD Coin are increasingly integrating with mainstream finance, prompting the HKMA to act to guard against its risks to the monetary system.

Stablecoins such as tether, USD Coin are increasingly integrating with mainstream finance, prompting the HKMA to act to guard against its risks to the monetary system.

12 Jan 2022 - 9:09PM
Crypto exchange FTX calls on regulators to ditch ‘securities’ mindset, devise a separate, single rule book for digital currencies

This would enable investors to make informed decisions, and free the industry from a barrage of compliance requirements that could stifle innovation, says CEO.

This would enable investors to make informed decisions, and free the industry from a barrage of compliance requirements that could stifle innovation, says CEO.

12 Jan 2022 - 11:47AM
Absence of embattled Chinese developers expected to rein in Asia’s dollar bond supply in 2022

After a year full of defaults, Chinese property developers are poised for a dry spell in US dollar bond issuance, capping Asia’s bond market supply.

After a year full of defaults, Chinese property developers are poised for a dry spell in US dollar bond issuance, capping Asia’s bond market supply.

10 Jan 2022 - 8:30AM
Alibaba-backed Huitongda gets green light for Hong Kong listing, testing investor appetite for big deals in the city

The listing of Nanjing-based commerce platform Huitongda, backed by Alibaba, could test investors’ appetite for sizeable IPOs after the market’s lacklustre 2021 performance.

The listing of Nanjing-based commerce platform Huitongda, backed by Alibaba, could test investors’ appetite for sizeable IPOs after the market’s lacklustre 2021 performance.

10 Jan 2022 - 6:30AM
Hong Kong’s banks including HSBC, Standard Chartered ask staff to work from home in A-B teams as Omicron tears through Covid-19 defence with threat of a fifth wave of infections

Banks such as HSBC, Standard Chartered and UBS have reimposed strict office rules to minimise number of staff working in the office.

Banks such as HSBC, Standard Chartered and UBS have reimposed strict office rules to minimise number of staff working in the office.

6 Jan 2022 - 7:06PM
Tencent sells shares of Southeast Asia’s biggest technology company, spooking investors as it trims portfolio for the second time in two weeks

Tencent sells down stakes in Singapore consumer internet giant Sea, raising US$3 billion as it takes steps to divest from internet firms in Asia.

Tencent sells down stakes in Singapore consumer internet giant Sea, raising US$3 billion as it takes steps to divest from internet firms in Asia.

5 Jan 2022 - 5:28PM
How artists, cryptocurrency exchanges are using NFT sales to fund gender equality campaigns

Creators and artists are leveraging NFTs and the blockchain to raise funds from digital collectibles, then donating part of the proceeds to charitable causes.

Creators and artists are leveraging NFTs and the blockchain to raise funds from digital collectibles, then donating part of the proceeds to charitable causes.

27 Dec 2021 - 1:30PM
Hong Kong’s 2021 IPO ranking slips to fourth place as fundraising shriveled by 20 per cent amid China’s regulatory clampdown

Hong Kong’s annual tally of IPOs shrank this year for the first time since 2017, as a regulatory crackdown on technology companies in mainland China sent a chill through the market and almost halted fundraising activity in the second half of 2021.

Hong Kong’s annual tally of IPOs shrank this year for the first time since 2017, as a regulatory crackdown on technology companies in mainland China sent a chill through the market and almost halted fundraising activity in the second half of 2021.

22 Dec 2021 - 9:24AM
China Mobile set to raise US$8.78 billion in Shanghai IPO to complete world’s second-biggest stock offering

Many Chinese companies seeking secondary listings have priced their stocks at significant premium to their Hong Kong-listed shares, a pre-existing condition primarily due to the limited access by mainland investors.

Many Chinese companies seeking secondary listings have priced their stocks at significant premium to their Hong Kong-listed shares, a pre-existing condition primarily due to the limited access by mainland investors.

21 Dec 2021 - 11:10AM
SenseTime relaunches Hong Kong IPO, lining up nine cornerstone investors to anchor its fundraising plan as it excludes US investors

The company’s quick relaunch, a week after it was postponed, is likely to be popular, according to local brokers.

The company’s quick relaunch, a week after it was postponed, is likely to be popular, according to local brokers.

20 Dec 2021 - 5:10PM
Postal Savings Bank’s US$47 million ‘green loan’ to Shanxi coal producer draws scepticism of environmental think tanks

Some market observers say the US$47 million loan, which comes with no environmental conditions, undermines Beijing’s climate goals.

Some market observers say the US$47 million loan, which comes with no environmental conditions, undermines Beijing’s climate goals.

17 Dec 2021 - 3:47PM
SenseTime postpones US$768 million IPO in Hong Kong after US blacklists AI firm on human rights grounds

The halt made SenseTime, founded by a group of Chinese University of Hong Kong (CUHK) professors, the biggest corporate casualty yet of the Uyghur Forced Labor Prevention Act, which passed last week in the US House of Representatives.

The halt made SenseTime, founded by a group of Chinese University of Hong Kong (CUHK) professors, the biggest corporate casualty yet of the Uyghur Forced Labor Prevention Act, which passed last week in the US House of Representatives.

13 Dec 2021 - 4:40PM
Is the world ready for the lending risks from the rise of decentralised finance? Gemini says new rules are needed to ringfence DeFi risks

Gemini called for new regulations in the fast-growing, US$247 billion decentralised finance industry because traditional regulations do not provide adequate protection.

Gemini called for new regulations in the fast-growing, US$247 billion decentralised finance industry because traditional regulations do not provide adequate protection.

13 Dec 2021 - 9:53AM
Regulators affirm Hong Kong’s role as China’s link to the world, underscoring city’s status as financial hub

Top financial regulators in Hong Kong and China on Thursday reaffirmed the city’s role as an international financial centre.

Top financial regulators in Hong Kong and China on Thursday reaffirmed the city’s role as an international financial centre.

9 Dec 2021 - 9:07PM
Hong Kong’s IPO ranking set to slip as Nasdaq, New York and Shanghai claim top spots in 2021, KPMG reports

Hong Kong is likely lose two rungs in 2021 as New York and Shanghai bourses join Nasdaq at the pinnacle, according to KPMG estimates. Volume is projected to rebound in 2022 as US-listed Chinese firms seek new home in the city.

Hong Kong is likely lose two rungs in 2021 as New York and Shanghai bourses join Nasdaq at the pinnacle, according to KPMG estimates. Volume is projected to rebound in 2022 as US-listed Chinese firms seek new home in the city.

9 Dec 2021 - 4:41PM
Oil ETFs are on a roll as energy crunch helps exchange traded funds outshine all other investments

ETF managers gained handsomely this year from backwardation, the market condition where oil futures trade below the expected spot price in a downwards sloping futures curve.

ETF managers gained handsomely this year from backwardation, the market condition where oil futures trade below the expected spot price in a downwards sloping futures curve.

9 Dec 2021 - 8:30AM
SenseTime shrinks Hong Kong IPO size by 62 per cent to US$768 million as Chinese tech sell-off undermines valuation

SenseTime, an AI giant founded by Hong Kong university professors, will kick off its Hong Kong public offering on Tuesday. Its offering has been downsized amid market turmoil sparked by regulatory concerns.

SenseTime, an AI giant founded by Hong Kong university professors, will kick off its Hong Kong public offering on Tuesday. Its offering has been downsized amid market turmoil sparked by regulatory concerns.

6 Dec 2021 - 7:20PM
Didi’s exit from New York tests Hong Kong’s mettle as the listing sanctuary for Chinese stocks

A Hong Kong listing by Didi Chuxing will test bourse operator Hong Kong Exchanges and Clearing’s readiness to consider Chinese firms facing regulatory action in mainland China.

A Hong Kong listing by Didi Chuxing will test bourse operator Hong Kong Exchanges and Clearing’s readiness to consider Chinese firms facing regulatory action in mainland China.

4 Dec 2021 - 12:48PM
Hong Kong listings for Weibo, SenseTime, NetEase’s music app seen as test case for China’s new cybersecurity rules

Three Chinese tech companies are poised to float their shares in the Hong Kong stock exchange after Beijing proposed new rules requiring cybersecurity reviews for certain offshore IPOs.

Three Chinese tech companies are poised to float their shares in the Hong Kong stock exchange after Beijing proposed new rules requiring cybersecurity reviews for certain offshore IPOs.

1 Dec 2021 - 10:11PM
Weibo, NetEase’s Cloud Village set to raise nearly US$1 billion between them in Hong Kong IPOs

Microblogging platform Weibo, and NetEase-backed music streaming site Cloud Village are racing to complete their fundraising ahead of the long year-end holiday.

Microblogging platform Weibo, and NetEase-backed music streaming site Cloud Village are racing to complete their fundraising ahead of the long year-end holiday.

29 Nov 2021 - 12:33PM
Rare Whisky mulls auction hub for market-beating spirits investments as Hong Kong buyers drive regional sales

Hong Kong whisky investment firm mulls setting up a luxury liquor auction hub using blockchain as backbone, as Asia can house another trading hub outside London’s £75 million market.

Hong Kong whisky investment firm mulls setting up a luxury liquor auction hub using blockchain as backbone, as Asia can house another trading hub outside London’s £75 million market.

29 Nov 2021 - 11:24AM
Ant Group applies to China’s central bank to set up personal-credit scoring joint venture with state-backed partners

China’s central bank says it has received an application for a personal-credit scoring joint venture between Ant Group and state-backed partners.

China’s central bank says it has received an application for a personal-credit scoring joint venture between Ant Group and state-backed partners.

29 Nov 2021 - 1:14PM
Beijing looks into setting up digital asset exchange to push the e-yuan

China’s cabinet is exploring setting up a digital asset exchange as the government lays out the next step to complement its pilot of the digital yuan.

China’s cabinet is exploring setting up a digital asset exchange as the government lays out the next step to complement its pilot of the digital yuan.

26 Nov 2021 - 6:30PM
China’s antitrust watchdog fines Citic Bank, Baidu unit for failing to report digital bank venture

China’s antitrust watchdog fines Citic AiBank’s owners US$78,280 each for failing to disclose the venture’s formation in 2015.

China’s antitrust watchdog fines Citic AiBank’s owners US$78,280 each for failing to disclose the venture’s formation in 2015.

23 Nov 2021 - 7:50PM
NetEase’s music streaming unit, Cloud Village, targets US$453 million as it revives Hong Kong IPO shelved amid tech crackdown

Cloud Village, which postponed its original IPO in August amid an intense crackdown by Chinese authorities on technology companies, is marketing its shares at HK$190 to HK$220 apiece.

Cloud Village, which postponed its original IPO in August amid an intense crackdown by Chinese authorities on technology companies, is marketing its shares at HK$190 to HK$220 apiece.

23 Nov 2021 - 3:23PM