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360 Finance Could Start Hong Listing Process as Soon as December
The digital consumer finance platform needs to meet Hong Kong's requirements before seeking a listing on its exchange.
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India reports largest single-day jump in COVID-19 cases
The death toll due to the novel coronavirus in India rose to 8,102 and the number of cases reached 286,579 after the highest single-day spike of 357 fatalities and 9,996 cases reported in the past 24 hours, according the Ministry of Health on Thursday.
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Federal Reserve predicts slow recovery with unemployment at 9.3 percent by end of 2020
Federal Reserve leaders predict a slow recovery for the U.S. economy, with unemployment falling to 9.3 percent by the end of this year and to 6.5 percent by the end of 2021, after tens of millions of Americans lost their jobs in the stunning recession caused by the outbreak of the novel coronavirus.
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JD.com set to price Hong Kong secondary listing at HK$226 a share, a slight discount to Nasdaq close, a source says
JD.com, one of China’s largest e-commerce sites, looks set to price its secondary listing in Hong Kong at HK$226 a share, in one of the largest fundraisings so far this year in the city.
10
GALAXY ENT: Hopeful of Tiding over Coronavirus Crisis with Active Retrenchment
While GALAXY ENT (00027.HK) has been actively tapping new income sources and cutting costs, Deputy Chairman Francis Lui extended his appreciation to the staff on participation, such as forgoing director's fee, senior officers' salary trims and voluntary furlough among workers.
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Kyle Bass launches a new fund to bet on a Hong Kong currency collapse
Kyle Bass is stepping up his bearishness toward Hong Kong and making a high-risk bet that its currency's peg to the US dollar will crumble, Bloomberg reported Tuesday.
9
Cathay, Swire Pacific, Air China Suspend Trading in Hong Kong
Embattled Hong Kong carrier Cathay Pacific Airways Ltd. and its two main shareholders, Swire Pacific Ltd. and Air China Ltd., suspended trading of their shares Tuesday pending an announcement.
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Japan's GDP contracted 2.2% in 1st quarter, revised data shows
Japan's economy shrank 2.2% at an annualized pace in January-March, the government announced on Monday, a milder decline than the preliminary estimate of a 3.4% contraction.
8
E-commerce giant JD.com starts stock offering of its secondary listing
China's second-largest e-commerce company JD.com started stock offering of its secondary IPO in Hong Kong on Monday, with a price of no more than 236 HK dollars (30.45 U.S. dollars) per share. The stock offering is multiple times oversubscribed by institutional investors, according to Bloomberg.
4
China’s aviation authority to allow more foreign flights after the U.S. bans Chinese carriers
China’s aviation authority said Thursday it would allow all foreign airlines to choose from a list of approved cities to operate one international passenger flight a week beginning June 8.
4
Coronavirus Fiscal Easing Announcements Exceed 7% of World GDP
Fitch Ratings-London-03 June 2020: Macro policy easing responses to the coronavirus crisis have reached unprecedented levels, with direct fiscal stimulus measures totalling USD5 trillion (7% of 2019 GDP) for the "Fitch 20" countries covered in its Global Economic Outlook (GEO).
3
Boris Johnson pledges to let Hong Kong citizens into U.K. if needed
British Prime Minister Boris Johnson said Wednesday that the United Kingdom stands ready to open the door to almost 3 million Hong Kong citizens as the city’s leader arrived in Beijing for meetings on a planned national security law that has many worried about their futures.
3
Tencent has purchased a majority stake in Bohemia Interactive, report claims
Chinese media conglomerate Tencent has purchased a sizeable stake in Bohemia Interactive, according to a new report on The Information. The DayZ and Arma 3 developer joins Epic Games and Supercell (known for mobile titles like Clash of Clans) among the major studios and companies Tencent owns a stake in.
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Xiaomi gets first-quarter sales boost as smartphone demand rebounds
Xiaomi Corp reported a 13.6% rise in first-quarter revenue on Wednesday, beating estimates, as the Chinese smartphone maker sold more phones and benefited from sales of its higher-priced 5G models.
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Senate passes bill that could delist Chinese companies from U.S. stock exchanges
The U.S. Senate approved sweeping new legislation Wednesday that could ultimately bar many Chinese companies from listing shares on U.S. exchanges, or otherwise raising money from American investors.
11
US is risking a second coronavirus wave and a depression, economist Mark Zandi warns
Mark Zandi of Moody’s Analytics is getting increasingly worried states are taking a large gamble by reopening businesses too quickly.
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JD.com poised to kick off IPO on May 25
Chinese e-commerce giant JD.com is planning to kick off a Hong Kong initial public offering on May 25 to raise as much as US$3.4 billion (HK$26.52 billion), mainland media reported.
5
Malaysia cuts policy rate to 2%, loosens liquidity to nurse economy through virus
Malaysia’s central bank on Tuesday slashed its key interest rate to the lowest since 2009, and left the door open for further cuts in case the trade-reliant nation’s economy suffers prolonged damage from the coronavirus pandemic.
5
NetEase to Have Filed for Second Listing in Hong Kong
NetEase Inc. has picked banks for its planned second listing in Hong Kong, according to people familiar with the matter, joining other Chinese technology companies in tapping the city’s stock market for new funds.