https://www.scmp.com/rss/523033/feed The latest news and top stories on Nasdaq, a leading entity in the financial services sector. Headquartered in New York City, Nasdaq is a global technology company operating multiple stock exchanges across the US and Europe. It specialises in providing stock trading, derivatives, market data and financial technology solutions. Serving corporate clients, investment managers, banks and brokers, Nasdaq is renowned as the world’s first electronic exchange and the second-largest globally by market... en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Enoch Yiu Enoch Yiu Fang Liu, a partner at global law firm Clifford Chance, counts among his clients many technology companies that are keen to list in Hong Kong, but find the current requirements cumbersome. Clifford Chance has helped more than a dozen innovative companies raise funds under the new listing regime since 2018, when Hong Kong Exchanges and Clearing (HKEX) introduced reforms for pre-revenue biotech firms and companies with weighted voting rights (WVR), where one class of shareholders carries more... https://www.scmp.com/business/markets/article/3349647/hong-kongs-listing-reform-20-can-it-outshine-global-rivals-innovative-firms?utm_source=rss_feed https://www.scmp.com/business/markets/article/3349647/hong-kongs-listing-reform-20-can-it-outshine-global-rivals-innovative-firms?utm_source=rss_feed Sat, 11 Apr 2026 03:00:12 +0000 Enoch Yiu Enoch Yiu Hong Kong has retained its top position in terms of initial public offering (IPO) funds raised in the first quarter of this year but industry experts said the city could lose its lead to the US over the full year given the number of mega IPOs expected there, from OpenAI to Elon Musk’s SpaceX. A total of 37 companies raised about US$13.26 billion on the Hong Kong stock exchange’s main board in the three months ended March 31, according to data released on Tuesday by LSEG Data and Analytics. That... https://www.scmp.com/business/banking-finance/article/3348536/hong-kong-retains-global-ipo-crown-first-quarter-faces-us-mega-listings?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3348536/hong-kong-retains-global-ipo-crown-first-quarter-faces-us-mega-listings?utm_source=rss_feed Tue, 31 Mar 2026 11:30:12 +0000 Yulu Ao Yulu Ao Hong Kong stocks extended a rally for a fifth day on Tuesday, supported by Wall Street gains and Chinese industrial profit data pointing to improved earnings momentum for industrial firms. The Hang Seng Index closed 1.4 per cent higher at 27,126.95, the highest level since October 3. The Hang Seng Tech Index gained 0.5 per cent. On the mainland, the CSI 300 Index was little changed and the Shanghai Composite Index added 0.2 per cent. Metal firms rose as demand for non-ferrous metals continues to... https://www.scmp.com/business/china-business/article/3341323/hong-kong-stocks-rise-fifth-day-led-chinese-metals-firms?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3341323/hong-kong-stocks-rise-fifth-day-led-chinese-metals-firms?utm_source=rss_feed Tue, 27 Jan 2026 02:11:04 +0000 Enoch Yiu Enoch Yiu Singapore Exchange (SGX) Group is seeking to widen its cross-listing schemes with Shanghai and Shenzhen and explore partnerships with Hong Kong Exchanges and Clearing (HKEX) and other exchanges, according to its CEO. “Connectivity, in my view, is the new architecture for capital markets,” said Loh Boon Chye in an exclusive interview with the Post during his visit to Shenzhen last week. “We look towards more connectivity, not just with China but with other like-minded exchanges.” Loh said if... https://www.scmp.com/business/banking-finance/article/3340933/singapore-exchange-hints-deeper-ties-hkex-can-yuan-business-open-doors?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3340933/singapore-exchange-hints-deeper-ties-hkex-can-yuan-business-open-doors?utm_source=rss_feed Sun, 25 Jan 2026 05:00:09 +0000 David Dodwell David Dodwell As an undergraduate student of anthropology long ago, I remember studying the phenomenon of “compartmentalism” as a hallmark of primitive cultures or societies – their capacity to hold contradictory beliefs without inner conflict or even appearing to notice the contradictions. We well-educated rationalists in the rich West were supposed to be above this kind of schizophrenic inconsistency, seen as a symptom of a defective imagination or the shallowness of the masses. Think of street hawkers in... https://www.scmp.com/opinion/world-opinion/article/3338425/2025-was-year-denial-what-now?utm_source=rss_feed https://www.scmp.com/opinion/world-opinion/article/3338425/2025-was-year-denial-what-now?utm_source=rss_feed Fri, 02 Jan 2026 08:30:10 +0000 Themis Qi Themis Qi Funds raised in Hong Kong reached nearly HK$275 billion (US$35.4 billion) from 106 initial public offerings (IPO) as of December 12, helping the city become the world’s top listing venue, the stock exchange operator said in a year-end review. “2025 has been a year of momentum – global investors returned with conviction, and innovation from the Chinese mainland and across Asia kept our markets vibrant,” said Bonnie Chan Yiting, CEO of Hong Kong Exchanges and Clearing (HKEX). Four of these... https://www.scmp.com/business/markets/article/3337364/hong-kong-worlds-no-1-fundraising-venue-us354-billion-106-listings-hkex?utm_source=rss_feed https://www.scmp.com/business/markets/article/3337364/hong-kong-worlds-no-1-fundraising-venue-us354-billion-106-listings-hkex?utm_source=rss_feed Mon, 22 Dec 2025 11:15:11 +0000 Bloomberg Bloomberg Wall Street will get a sense of where the billions of dollars being spent on artificial intelligence are going when Nvidia Corp reports its earnings after the bell on Wednesday. How the sinking stock market will react is another question. “This is a ‘so goes Nvidia, so goes the market’ kind of report,” said Scott Martin, chief investment officer at Kingsview Wealth Management, which owns shares of Nvidia and several of its Big Tech peers. Analysts expect the Nasdaq-listed semiconductor behemoth... https://www.scmp.com/tech/big-tech/article/3333371/nvidias-latest-earnings-run-market-suddenly-afraid-ai-spending?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3333371/nvidias-latest-earnings-run-market-suddenly-afraid-ai-spending?utm_source=rss_feed Wed, 19 Nov 2025 06:36:23 +0000 Danielle Popov Danielle Popov Uzbekistan’s first tech unicorn, Uzum, is seeking a final pre-initial public offering (IPO) funding round next year in Hong Kong, after raising a US$70 million investment from Tencent Holdings months ago. Uzum co-founder Nikolay Seleznev said on Tuesday that Tencent’s investment in August bolstered the company’s plans to go public in 2027, with a potential listing in Hong Kong, London, Abu Dhabi or Nasdaq in the US. The Tencent-led funding lifted Uzum’s valuation to US$1.5 billion, while opening... https://www.scmp.com/tech/tech-trends/article/3331527/tencent-backed-uzum-uzbekistans-first-tech-unicorn-eyes-pre-ipo-funding-hong-kong?utm_source=rss_feed https://www.scmp.com/tech/tech-trends/article/3331527/tencent-backed-uzum-uzbekistans-first-tech-unicorn-eyes-pre-ipo-funding-hong-kong?utm_source=rss_feed Wed, 05 Nov 2025 01:00:11 +0000 Enoch Yiu,Aileen Chuang Enoch Yiu,Aileen Chuang Bourse operator Hong Kong Exchanges and Clearing (HKEX), which topped this year’s global rankings as the largest initial public offering (IPO) market, said the city continued to see strong momentum, as it vets hundreds of new listing applications. Bonnie Chan Yiting, CEO of HKEX, on Wednesday said at an event in Shanghai that Hong Kong has more than 300 companies in the listing pipeline, which would ensure another strong quarter for fundraising in the city. “International investors have been... https://www.scmp.com/business/markets/article/3329976/hkex-vets-300-listing-applications-after-city-becomes-worlds-largest-ipo-market?utm_source=rss_feed https://www.scmp.com/business/markets/article/3329976/hkex-vets-300-listing-applications-after-city-becomes-worlds-largest-ipo-market?utm_source=rss_feed Wed, 22 Oct 2025 14:00:15 +0000 David Lam David Lam One of the cryptocurrency industry’s most prominent figures, Zhao Changpeng, the former CEO of Binance, has claimed that crypto is safer than fiat currency. He made a powerful comparison: only 0.15 per cent of crypto volume is linked to illicit activity, which he said was 30 times less than the 5 per cent rate found in the traditional banking sector. But the reality is quite different and underscores the need for stricter regulation of crypto assets. Based on his claim, Zhao argued that global... https://www.scmp.com/week-asia/opinion/article/3329454/safer-cash-real-risks-cryptocurrency-poses-southeast-asia?utm_source=rss_feed https://www.scmp.com/week-asia/opinion/article/3329454/safer-cash-real-risks-cryptocurrency-poses-southeast-asia?utm_source=rss_feed Sat, 18 Oct 2025 02:30:09 +0000 Julie Zhang Julie Zhang Nanyang Biologics, a Singapore-based artificial intelligence drug discovery start-up, plans to list on the Nasdaq stock exchange in the first quarter of 2026 via a merger with a US-listed special-purpose acquisition company (SPAC), as US President Donald Trump vowed to impose hefty tariffs on pharmaceutical imports. “The US administration wants intellectual property owners to manufacture in the US, including drugs,” founder Roland Ong said on Monday. Nanyang Biologic’s latest initiative reflects... https://www.scmp.com/business/banking-finance/article/3328844/singapores-nanyang-biologics-list-nasdaq-amid-trumps-tariffs-pharma-imports?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3328844/singapores-nanyang-biologics-list-nasdaq-amid-trumps-tariffs-pharma-imports?utm_source=rss_feed Mon, 13 Oct 2025 12:30:11 +0000 Cheryl Arcibal Cheryl Arcibal CK Life Sciences International is set to merge its subsidiary Polynoma with Nasdaq-listed TransCode Therapeutics, in a move expected to boost the pipeline of anticancer drugs, according to the biotech unit controlled by the Li Ka-shing family. The agreement paved the way for TransCode to acquire the parent company of Polynoma from DEFJ, an indirect wholly owned unit of CK Life, the latter said in a filing with the Hong Kong stock exchange after trading hours on Wednesday. In exchange, TransCode... https://www.scmp.com/business/article/3328295/ck-life-unit-merges-transcode-li-ka-shing-firm-eyes-anticancer-drugs-pipeline?utm_source=rss_feed https://www.scmp.com/business/article/3328295/ck-life-unit-merges-transcode-li-ka-shing-firm-eyes-anticancer-drugs-pipeline?utm_source=rss_feed Thu, 09 Oct 2025 01:45:19 +0000 SCMP Editorial SCMP Editorial Two listed firms under China Resources Group are planning to redomicile from the Cayman Islands to Hong Kong. They will follow similar actions by the Hong Kong units of French insurer AXA and Canadian insurer Manulife, both from Bermuda. Thanks to new changes in local law, such redomiciling is becoming a trend and can only be good for corporate business and professional employment in the city. Business 101 usually explains the difference between the domicile of a company and its headquarters.... https://www.scmp.com/opinion/comment/article/3327783/firms-redomiciling-hong-kong-can-only-be-good-business?utm_source=rss_feed https://www.scmp.com/opinion/comment/article/3327783/firms-redomiciling-hong-kong-can-only-be-good-business?utm_source=rss_feed Sun, 05 Oct 2025 23:15:12 +0000 Enoch Yiu Enoch Yiu Funds raised from new share sales in Hong Kong jumped 220 per cent in the first nine months of 2025, strengthening the local stock exchange’s grip on the top spot in the global rankings, while analysts predicted that the initial public offering (IPO) market would continue to pop well into next year. A total of 66 companies raised US$23.27 billion on the main board of the Hong Kong stock exchange during the first nine months, according to data released on Tuesday by the London Stock Exchange... https://www.scmp.com/business/markets/article/3327361/hong-kongs-huge-year-ipos-continues-annual-crown-all-assured?utm_source=rss_feed https://www.scmp.com/business/markets/article/3327361/hong-kongs-huge-year-ipos-continues-annual-crown-all-assured?utm_source=rss_feed Tue, 30 Sep 2025 07:02:06 +0000 Aileen Chuang Aileen Chuang Standard Chartered has advised more than 2.5 million of its affluent clients to diversify their portfolios and stick to core investment principles as fresh capital pours into bullish markets. A risk-on mentality over the summer benefited some wealthy clients, but market corrections could lie ahead, said Judy Hsu, the bank’s CEO of wealth and retail banking, in an interview last week. “In July and August, we [saw] more clients across the board deploying more cash into investment products and they... https://www.scmp.com/business/banking-finance/article/3324488/standard-chartered-wealth-and-retail-head-urges-diversification-amid-correction-risks?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3324488/standard-chartered-wealth-and-retail-head-urges-diversification-amid-correction-risks?utm_source=rss_feed Mon, 08 Sep 2025 00:30:08 +0000 Cao Li Cao Li Chinese companies could start making money from their artificial intelligence agents – software systems that use AI to autonomously plan and perform complex tasks for users – as soon as next year, according to UBS. “2026 is the year of agent monetisation in China,” said Sundeep Gantori, an equity strategist at UBS Global Wealth Management CIO, on Thursday. As advanced models like DeepSeek’s R2 become more sophisticated, “we expect to see more monetisation”, he added. AI agents are widely... https://www.scmp.com/business/banking-finance/article/3324349/chinese-companies-could-start-making-money-ai-agents-next-year-ubs-says?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3324349/chinese-companies-could-start-making-money-ai-agents-next-year-ubs-says?utm_source=rss_feed Thu, 04 Sep 2025 09:30:55 +0000 Reuters Reuters Exchange operator Nasdaq proposed on Wednesday stricter listing standards, including a higher minimum public float for certain new listings and a faster process to suspend and delist thinly traded companies. Nasdaq said in a statement that it would require companies primarily operating in China to raise a minimum of US$25 million in public offering proceeds to qualify for listing, reviving a threshold it previously applied to issuers from “restrictive markets”. The New York-headquartered... https://www.scmp.com/business/markets/article/3324280/nasdaq-tighten-listing-rules-particularly-companies-china?utm_source=rss_feed https://www.scmp.com/business/markets/article/3324280/nasdaq-tighten-listing-rules-particularly-companies-china?utm_source=rss_feed Thu, 04 Sep 2025 04:16:00 +0000 Raymond Ma,Neil Denslow Raymond Ma,Neil Denslow The US and China eased export controls, and Chinese factory owners breathed a sigh of relief following a US-Vietnam deal, as trade tensions between the world’s two largest economies further cooled this week. The US lowered restrictions on chip software design sales to China, and China has slowly begun to resume shipments of rare earth magnets. The moves extended progress made last month at London trade talks and in Geneva in May, when both sides agreed to slash sky-high tariffs imposed in the... https://www.scmp.com/plus/article/3316908/us-china-trade-tensions-li-replaces-xi-brics-and-more?utm_source=rss_feed https://www.scmp.com/plus/article/3316908/us-china-trade-tensions-li-replaces-xi-brics-and-more?utm_source=rss_feed Fri, 04 Jul 2025 09:00:08 +0000