Singapore depository receipts allow investors to invest directly in overseas stocks through the SGX. Read more at straitstimes.com.
SINGAPORE investors can now directly invest in three Hong Kong blue-chip stocks – Ping An Insurance, Meituan and Xiaomi – via newly launched Singapore Depository Receipts (SDRs). This broadens the Singapore Exchange’s (SGX) thematic investment opportunities in artificial intelligence (AI),
SINGAPORE: Retail investors in Singapore can invest directly in three more blue chip companies listed in Hong Kong. The three are Ping An Insurance, an integrated financial, healthcare and eldercare service provider in China, Xiaomi, the world’s third-largest smartphone vendor and Meituan, the biggest online food delivery platform in China.
Chinese electric vehicle maker BYD said on Tuesday it had raised $5.59 billion in a primary share sale that was increased in size, making it the largest of its kind in Hong Kong in four years.
Chinese electric vehicle maker BYD Co. raised HK$43.5 billion ($5.6 billion) in Hong Kong’s biggest share sale in nearly four years. Most Read from BloombergCuts to Section 8 Housing Assistance Loom Amid HUD UncertaintyHow Upzoning in Cambridge Broke the YIMBY MoldRemembering the Landscape Architect Who Embraced the CityNYC Office Buildings See Resurgence as Investors Pile Into BondsHong Kong Joins Global Stadium Race With New $4 Billion Sports ParkThe company sold 129.
The company is offering 118 million shares at HK$333 to HK$345 each, according to terms of the deal seen by Bloomberg.
Hong Kong stocks rose for a third day on Friday, putting the benchmark gauge on course for its biggest weekly gain in almost two months, as optimism grew that China would take more steps to support the nation’s economic growth and technology innovation.
Asian equities were largely lower despite a weaker U.S. dollar overnight, as Japan outperformed and India underperformed.
Hong Kong's government has earmarked 1 billion Hong Kong dollars ... Among the top gainers in the session were food delivery company Meituan (up 9.21%) and e-commerce platform JD.com (8.26%). Meanwhile, the Hang Seng Index gained as much as 3.19%.
Short sellers are backing away from JD.com Inc. shares, with the Chinese online retailer set to report record quarterly sales on Thursday, fueled by Beijing’s consumer trade-in subsidies. Most Read fr
By Scott Murdoch SYDNEY (Reuters) -Chinese electric vehicle maker BYD has raised $5.59 billion in a primary share sale that was increased in size, according to a term sheet seen by Reuters on Tuesday,
BYD said the transaction was the largest equity follow-on offering globally in the automotive sector in the past decade.