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HONG KONG (Reuters) - China's Ant Group has received approval from the Shanghai Stock Exchange for a domestic initial public offering, the bourse said on Friday, bringing the financial technology firm closer to a dual-listing expected to be worth up to US$30 billion.
SHANGHAI: China stocks ended higher on Tuesday, as upbeat Chinese economic data and coronavirus vaccine hopes lifted risk appetite.
SHANGHAI (Reuters) - Geely Automobile Holdings plans to raise 20 billion yuan (US$2.93 billion) from a public share sale on Shanghai's Nasdaq-style STAR Market to invest in new car models and technologies, exchange filings showed on Tuesday.
CHINA has a key window of opportunity to advance its pursuit of yuan internationalisation as global investors are seeking stability amid volatility in markets caused by the Covid-19 pandemic.
HONG KONG: Ant Group's planned sale of up to $30 billion worth of shares is set to revive fortunes for Hong Kong Exchanges and Clearing Ltd (HKEX) which fell to fifth rank as a destination for initial public offerings (IPOs) in the first half of 2020.
HONG KONG (Reuters) - Ant Group, Alibaba's fintech arm and China's dominant mobile payments firm, filed for a dual listing in Hong Kong and on Shanghai's Nasdaq-style STAR Market on Tuesday and could raise as much as US$30 billion in what would be the world's largest IPO.