https://www.scmp.com/rss/522227/feed The latest news and top stories on GIC. A prominent Singapore-based sovereign wealth fund, GIC Private Limited is dedicated to managing Singapore’s foreign reserves, aiming to preserve and enhance their international purchasing power for long-term financial stability. Established in 1981, its main areas of activity include global investments across diverse asset classes such as equities, fixed income, private equity, real estate and infrastructure. GIC is recognised for its significant... en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Julie Zhang Julie Zhang Mainland Chinese investors can now buy shares in more than a dozen newly added Hong Kong-listed biotech and pharmaceutical companies after a reshuffle of the Stock Connect southbound trading list took effect on Monday, reflecting the sector’s growing role on the international stage. Foreign capital, however, remained cautious, analysts said. “Mainland buyers have been the main force behind the latest healthcare rally. They tend to chase smaller-cap names where a tight free float makes it easier... https://www.scmp.com/business/china-business/article/3346016/china-investors-energise-hong-kong-biotech-stocks-foreign-money-missing-out?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3346016/china-investors-energise-hong-kong-biotech-stocks-foreign-money-missing-out?utm_source=rss_feed Mon, 09 Mar 2026 23:30:07 +0000 Julie Zhang Julie Zhang As Chinese biotech and pharmaceutical firms gain importance on the global stage, foreign investors from sovereign wealth funds to industry players are securing strategic stakes in their future success. International institutional investors have built up significant positions in Chinese biotech firms over the past decade. These positions often approach, and in some cases exceed, the 5 per cent disclosure threshold for substantial shareholders in Hong Kong. BlackRock, the world’s largest asset... https://www.scmp.com/business/china-business/article/3340801/revealed-global-funds-blackrock-temasek-back-chinas-largest-biotech-firms?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3340801/revealed-global-funds-blackrock-temasek-back-chinas-largest-biotech-firms?utm_source=rss_feed Fri, 23 Jan 2026 00:30:09 +0000 Julie Zhang Julie Zhang Three Chinese mainland companies made stellar trading debuts on the Hong Kong stock exchange on Tuesday, burnishing the city’s credentials as the world’s top fundraising market. All three companies’ shares opened higher, with watch designer and manufacturer Shenzhen Hipine Precision leading the surge, opening with a 184 per cent gain from its offer price of HK$29.60. It closed up 258 per cent at HK$106. Trading under the stock code 2259, gold miner Zijin Gold International’s shares opened at... https://www.scmp.com/business/banking-finance/article/3327312/zijin-gold-makes-solid-hong-kong-trading-debut-shares-jump-56?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3327312/zijin-gold-makes-solid-hong-kong-trading-debut-shares-jump-56?utm_source=rss_feed Tue, 30 Sep 2025 02:31:09 +0000 Enoch Yiu Enoch Yiu Zijin Gold International has delayed the closing of its US$3.2 billion initial public offering (IPO) – the second-largest in Hong Kong this year – to Thursday noon, a day later than previously scheduled, because of the impact of Super Typhoon Ragasa. “As there is a tropical cyclone warning signal No 8 or above in force, and due to extreme conditions caused by the bad weather … the expected timetable of the global offering as set out in the prospectus and the formal notice will be accordingly... https://www.scmp.com/business/banking-finance/article/3326637/zijin-gold-delays-us32-billion-listing-super-typhoon-ragasa-hits-hong-kong?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3326637/zijin-gold-delays-us32-billion-listing-super-typhoon-ragasa-hits-hong-kong?utm_source=rss_feed Wed, 24 Sep 2025 05:30:10 +0000 Enoch Yiu Enoch Yiu Super Typhoon Ragasa is expected to force Zijin Gold International, which launched Hong Kong’s second-biggest initial public offering (IPO) this year, to delay the book close offering for its retail investors from tomorrow, according to its listing prospectus. The Hong Kong Observatory on Tuesday afternoon issued the No 8 warning signal, as the typhoon is expected to bring hurricane-force winds with speeds of up to 230km/h (143mph) and thunderstorms. The weather forecaster said it would assess... https://www.scmp.com/business/companies/article/3326576/super-typhoon-ragasa-delay-close-zijin-golds-ipo?utm_source=rss_feed https://www.scmp.com/business/companies/article/3326576/super-typhoon-ragasa-delay-close-zijin-golds-ipo?utm_source=rss_feed Tue, 23 Sep 2025 11:01:19 +0000 Enoch Yiu Enoch Yiu Zijin Gold International, a wholly owned unit of China’s Zijin Mining, aims to raise HK$24.98 billion (US$3.21 billion) in an initial public offering (IPO) that would be Hong Kong’s second largest this year. Zijin Gold launched the sale of 349 million shares at an offer price of HK$71.59 per share on Friday, with the offering running until noon on Wednesday, according to its prospectus released on Friday. The deal would be second only to the US$5.24 billion May IPO of Contemporary Amperex... https://www.scmp.com/business/banking-finance/article/3326096/zijin-gold-launches-second-biggest-hong-kong-ipo-year-eyeing-us32-billion?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3326096/zijin-gold-launches-second-biggest-hong-kong-ipo-year-eyeing-us32-billion?utm_source=rss_feed Fri, 19 Sep 2025 05:16:50 +0000 Bloomberg Bloomberg GIC, Millennium Management and Hillhouse Investment are among heavyweights that are set to invest in Zijin Gold International’s initial public offering (IPO) in Hong Kong, according to people familiar with the matter. BlackRock, Fidelity International and Baillie Gifford were also among cornerstone investors that were poised to get around half of the IPO shares, the people said, asking not to be identified because the information is not public. The line-up of marquee names investing in Zijin... https://www.scmp.com/business/companies/article/3326013/zijin-golds-hong-kong-ipo-draws-heavyweights-gic-millennium-and-hillhouse-sources-say?utm_source=rss_feed https://www.scmp.com/business/companies/article/3326013/zijin-golds-hong-kong-ipo-draws-heavyweights-gic-millennium-and-hillhouse-sources-say?utm_source=rss_feed Thu, 18 Sep 2025 10:25:20 +0000 Bloomberg Bloomberg Anthropic is nearing a deal to raise as much as US$10 billion in a new round of funding, according to people familiar with the matter, a higher than expected sum and one of the largest rounds to date for an artificial intelligence start-up. The discussions were ongoing and the final amount could change, said the people, who spoke on condition of anonymity as the information is not public. Bloomberg News previously reported Anthropic was in advanced discussions to raise up to US$5 billion in the... https://www.scmp.com/tech/tech-trends/article/3322733/anthropic-talks-raise-us10-billion-new-funding-rival-openai-xai?utm_source=rss_feed https://www.scmp.com/tech/tech-trends/article/3322733/anthropic-talks-raise-us10-billion-new-funding-rival-openai-xai?utm_source=rss_feed Fri, 22 Aug 2025 03:00:10 +0000 Yuke Xie Yuke Xie US investment in Asia-Pacific real estate jumped 31 per cent year on year in the second quarter, as investors chased yields and stable growth in markets such as Australia, Singapore and Japan amid looming tariff challenges. Mainland China, meanwhile, was weighed down by an ongoing property crisis and mounting default risks. Cross-border real estate investments in Asia-Pacific reached US$12.1 billion in the second quarter, a 50.1 per cent surge year on year and the highest level since the third... https://www.scmp.com/business/article/3320449/us-leads-second-quarter-asia-pacific-real-estate-deals-assets-worth-us5-billion?utm_source=rss_feed https://www.scmp.com/business/article/3320449/us-leads-second-quarter-asia-pacific-real-estate-deals-assets-worth-us5-billion?utm_source=rss_feed Sun, 03 Aug 2025 01:30:16 +0000