5th August 2016
On July 27, the HKEx announced that “it was minded to exercise its power” to cancel the listing of China Oriental Group within a period of six months, due to the company’s insufficient public float. This, however, was only the latest step in a rather long saga, which illustrates to a tee not only that the exchange’s minimum free float rule actually serves little purpose, but also how incredibly slowly the regulators can move to make decisions in the city, thereby hurting both institutional and retail investors.
27th January 2016
On January 18, a delegation led by Arkady Dvorkovich, the Deputy Prime Minister of the Russian Federation, visited the Stock Exchange of Hong Kong. It was not the first time a high profile dignitary from Russia had toured its facilities.
9th January 2016
In December, I reviewed the disappointing volumes last year for primary equity issuance in Southeast Asia, and wondered whether 2016 could be the year when ECM bankers who cover the region become busy again. With the Chinese bourses now in free fall, the authorities there repeatedly depreciating the Yuan in a bid to prop up the economy, and an extension of the ban on equity sales by large investors in Shanghai and Shenzhen, market participants could indeed well turn their attention down South again.
30th May 2015
What has happened to Malaysia’s primary equity markets? Once the darling of ECM departments, featuring highly successful multi-billion dollar offerings by the likes of Petronas Chemicals, Felda Global Ventures or IHH Healthcare, the Southeast Asia nation now languishes at the bottom of the regional league tables.
3rd December 2014
Forget about reindeer with shiny noses, fir trees and shopping mall carols. For those in the finance industry, the end of the year takes an altogether different meaning.
8th October 2014
2014 so far as been a bit of a bumper year for IPOs in Hong Kong, despite the well-publicized loss of Alibaba’s landmark listing to the New York Stock Exchange. According to Dealogic, no fewer than 78 of these have taken place on HKEx year-to-date, for a combined amount of US$17.1 billion equivalent. That’s more than twice the volume of IPOs achieved in the first nine months of 2013, when 43 deals had successfully made it to closing.